Uncirculated Gold Eagle

January 10, 2010 - There are two sorts of uncirculated Gold Eagles. The American Eagle is a currently minted, gold bullion coin meant for investment. The other Gold Eagle coins are the gold coins minted and in circulation until 1933. The American Eagles are uncirculated because each coin comes from the mint in a protected case. The few uncirculated Gold Eagles, Half Eagles, and Quarter Eagles from America’s past were put aside a long time ago and are often exceedingly rare and valuable.

The gold bullion coins minted since 1986 by the US Mint are called American Eagles and have been produced in one ounce, half ounce, quarter ounce, and tenth ounce sizes. The mint guarantees the precise told content of each bullion coin. These coins are worth their weigh in gold bullion, at roughly $1,130, $565, $282.50, and $110 respectively at current bullion prices.

Eagle is the name given to the $10 gold piece by act of Congress. The first Eagles were produced in 1795 and Eagles, Half Eagles ($5 gold piece), and Quarter Eagles ($2.50 gold piece) were produced and in circulation until the confiscation of gold in 1933. The Double Eagle was first produced in 1849 and is a $20 gold piece.

All American gold coins are rare. Many coins were melted down in the early 19th century for their gold content and the US government confiscated privately held gold in 1933, making uncirculated Gold Eagles, Half Eagles, and Quarter Eagles all very rare. An example is the 1796 “no stars” Quarter Eagle; no more than 110 of these coins still exist and only five are uncirculated. One such coin sold at public auction in the last few years for $1,725,000.

Uncirculated gold Eagles are one of the rare and valuable American collector’s coins. Investors can find profit potential coins like these if they are certified and found to be high quality.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org