2024 1 OZ AMERICAN GOLD EAGLE (BU)
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 collectability. 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 take pride in our transparent pricing. Unlike many competitors, we provide real-time gold and silver spot prices that are not futures-based, ensuring our customers always receive fair and accurate pricing, whether buying or selling. Transparency is at the core of our philosophy, helping clients make informed decisions.
Our goal is to offer competitive prices on gold and silver, along with a seamless and trustworthy experience. We understand the value of transparency, especially when dealing with significant assets, and strive to make our customers feel confident in every transaction.
Why Precious Metals?
Gold and silver have been trusted for maintaining value in times of uncertainty. Unlike paper assets that may lose value due to inflation or market fluctuations, precious metals tend to retain their worth. Gold and silver coins are also often highly collectable, adding both value and enjoyment to your holdings. At Summit Metals, we believe in the importance of owning tangible assets like gold and silver.
Benefits of Precious Metals:
• Wealth preservation: Gold and silver protect against inflation and devaluation.
• Liquidity: Precious metals are easily bought and sold, providing flexibility when needed.
• Tangible assets: Owning physical gold or silver offers direct control over your wealth.
A Customer-First Approach
At Summit Metals, customer service is a top priority. Our knowledgeable team is available to guide you through every step, whether you're making your first purchase or adding to your collection.
We understand that acquiring precious metals is an important decision, and we are here to provide the support and resources you need. With detailed product descriptions and educational materials, Summit Metals equips you with the knowledge to make the best choices for your future.
