1/10 OZ AMERICAN GOLD EAGLE (BU)
Pair this wonderful coin with our summit metals gold wallet.
In 1986, the United States began striking gold coins to compete with world competitors, such as the Canadian Gold Maple Leaf, the South African Gold Krugerrand, and the Chinese Gold Panda. The value of these coins is tied directly to their collectibility. These coin varieties make them an ideal product for numismatists and collectors.
The US American Gold Eagle represents the US entry into Gold collectibles and became the first gold coin to be minted, in the US, since 1933. When the Gold Act of 1985 was passed, the legislation demanded that there would be four weight sizes offered and two different types of coins minted. This resulted in the American Gold Eagle containing the 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz in sizes. There were also two conditions minted, brilliant uncirculated and proof (although the proof condition was only offered in 1 oz increments at first). The legislation also specified the metals used, in the making of the American Gold Eagle, would come from US mines. Depending on the year, size of the coin, and market demand, the Gold Eagles' mintages vary greatly. The American Gold Eagle is released annually and displays the same design. The US Mint throws out its dies each year to ensure a crisply minted coin every time.
American Gold Eagle Coin Composition
The American Gold Eagle is considered to be 22-karats, instead of the ideal 24-karats. The 22-karat alloy is also referred to as "crown gold" since this was the English standard of metal content and hasn't been used since 1834. The American Gold Eagle actually contains one solid ounce of .999 pure gold, and it also weighs more than one ounce, due to the silver and copper added. This alloy of metals results in a wear-resistant coin, allowing for it to uphold over time. Both the weight and gold purity are authorized by the US Mint and are recognized, by the US Congress, as true gold coins.
About Summit Metals
Our Commitment to Transparency
At Summit Metals, we pride ourselves on our transparent pricing model. Unlike many competitors, we provide real-time gold spot prices and silver spot prices that are not futures-based. This ensures our customers are always getting fair and up-to-date prices, whether they are looking to buy or sell. We believe that transparent pricing builds trust and allows our clients to make informed decisions about their investments.
Our goal is simple: to offer competitive prices on gold and silver while providing a seamless and trustworthy experience. We understand the importance of transparency, especially when dealing with such valuable assets, and we work hard to ensure our customers feel confident in their investments.
Why Precious Metals?
Gold and silver have long been considered safe havens in times of economic uncertainty. Unlike paper currencies, which can lose value due to inflation or market fluctuations, precious metals have historically retained their worth over time. At Summit Metals, we believe that diversifying your investment portfolio with tangible assets like gold and silver is a wise financial decision.
Investing in precious metals offers several advantages:
• Wealth preservation: Gold and silver protect against inflation and currency devaluation.
• Liquidity: Precious metals can be easily bought and sold, offering flexibility in times of need.
• Tangible assets: Unlike stocks or bonds, owning physical gold or silver gives you control over your wealth.
A Customer-First Approach
At Summit Metals, we place a high priority on customer service. Our knowledgeable team is available to answer your questions and guide you through every step of the investment process, whether you’re purchasing for the first time or adding to an existing portfolio.
We understand that investing in precious metals is a significant decision, and we’re here to provide the support and resources you need. From detailed product descriptions to educational materials on the benefits of owning gold and silver, Summit Metals aims to equip you with the knowledge necessary to make the best financial choices for your future.
