1/10 oz American Gold Eagle Coins
The 1/10 oz American Gold Eagle is a popular gold bullion coin produced by the United States Mint. Here are some fundamental facts about this coin:
- The 1/10 oz size is one of four different sizes available for the American Gold Eagle. The other sizes are 1 oz, 1/2 oz, and 1/4 oz.
- The 1/10 oz American Gold Eagle has a face value of $5, which is symbolic rather than representative of the coin's actual value. The actual value of the coin is based on the current market price of gold.
- The coin is made from 22-karat gold, which means it is 91.67% pure gold and balanced copper with a reeded edge. The copper is added to make the coin more durable.
- The 1/10 oz American Gold Eagle is a popular choice for investors and collectors who want to own physical gold in a convenient and affordable size. The coin is also eligible for investment in an IRA (Individual Retirement Account).
- The American Gold Eagle is backed by the United States government, which guarantees the weight, content, and purity of the coin.
Overall, the 1/10 oz American Gold Eagle is a highly recognizable and trusted gold coin that is popular among investors and collectors alike. However, for those seeking to maximize their investment, it's worth considering the full ounce American Gold Eagle if you have more capital to start with.
Type 1 vs Type 2 American Gold Eagles: The Iconic Design Change
Introduced in 1986, the original obverse (front) of the coin features a design based on the classic 1907 Saint-Gaudens double eagle design, which was widely regarded as one of the most beautiful coins ever produced by the United States Mint. It featured a full-length figure of Lady Liberty, walking forward while holding a torch in her right hand and an olive branch in her left hand.
The Type 1 reverse (back) of the coin features a design by sculptor Miley Busiek. The design depicts a male eagle carrying an olive branch to a nest containing a female eagle and her hatchlings. The male eagle is depicted with its wings spread, in mid-flight, and its talons gripping the branch. The female eagle is depicted in the nest, with one of her hatchlings peering out over the edge.
The original design for the American Gold Eagle was intended to be a tribute to the nation's heritage and to the natural beauty of the American landscape. The design proved to be highly popular with both investors and collectors and helped establish the American Gold Eagle as one of the most recognizable and trusted gold bullion coins in the world.
In 2021, the United States Mint made a significant design change to the 1/10 oz American Gold Eagle coin. The change marked the 35th anniversary of the coin's debut in 1986 and was part of a broader design overhaul for the entire American Eagle coin program.
The Type 2 design change affected the reverse (back) of the coin, which now features a single eagle in mid-flight, its powerful wings fully extended as it prepares to land in a nest containing a female eagle and her hatchlings.
The new design was created by artist Jennie Norris, who is known for her work on other United States Mint coin programs. The design is meant to symbolize the strength, security, and resilience of the American nation.
It's worth noting that the obverse (front) of the coin remains unchanged, featuring the iconic design of Lady Liberty holding a torch and an olive branch, with the Capitol building visible in the background.
Overall, the design change for the 1/10 oz American Gold Eagle in 2021 represents a significant milestone for the coin and for the American Eagle coin program as a whole. The new design and security features are intended to enhance the appeal of the gold coins for both investors and collectors.
Gold Eagle Price
You may find yourself wondering, "How much is a gold coin worth?" The price of a Gold Eagle depends on the current market price of gold at the time of purchase. The 1/10 oz gold coin price will be the spot price of gold, in addition to a premium. Supply and demand, along with market fluctuations, will contribute to the American Gold Eagle price.
Keeping up with the most current price of gold is important for many reasons, including:
- Investment value: If you own gold as an investment, the current market price of gold will determine the value of your investment. Knowing the current gold price can help you make informed decisions about when to buy or sell gold, and it can help you track the performance of your investment.
- Buying and selling gold: If you are planning to buy or sell gold, knowing the current market price is essential for making a fair deal. If you are buying gold, you don't want to pay more than the current market price, and if you are selling gold, you want to make sure you are getting a fair price.
- Financial planning: For those who include gold as a part of their investment portfolio or retirement plan, keeping up with the current gold price can help with financial planning. By knowing the current price, you can make informed decisions about how much gold to include in your portfolio, and how much to allocate to other asset classes.
- Economic indicators: Gold prices are often used as a barometer of economic health. When gold prices rise, it can be a sign of economic uncertainty or inflationary pressures. When gold prices fall, it can be a sign of a strong economy or deflationary pressures. By keeping up with gold prices, you can gain insights into the broader economic trends and factors that may impact your financial situation.
In summary, keeping up with the current gold prices is important for investors, buyers and sellers of gold, financial planning, and understanding broader economic trends.
1/10 oz Gold Eagle Mintage Figures
American Gold Eagle bullion coins are struck according to public demand, determining the mintages for each year. Some years when demand and corresponding mintages were lower, collectible value can exist for the coins beyond their Precious Metal value. The following are mintages for 1/10 oz Gold Eagles:
- 1986 – 912,609
- 1987 – 580,266
- 1988 – 159,500
- 1989 – 264,790
- 1990 – 210,210
- 1991 – 165,200
- 1992 – 209,300
- 1993 – 210,709
- 1994 – 206,380
- 1995 – 223,025
- 1996 – 401,964
- 1997 – 528,515
- 1998 – 1,344,520
- 1999 – 2,750,338
- 2000 – 569,153
- 2001 – 269,147
- 2002 – 230,027
- 2003 – 245,029
- 2004 – 250,016
- 2005 – 300,043
- 2006 – 285,006
- 2007 – 190,010
- 2008 – 305,000
- 2009 – 270,000
- 2010 – 435,000
- 2011 – 350,000
- 2012 – 290,000
- 2013 – 555,000
- 2014 – 545,000
- 2015 – 980,000
- 2016 – 925,000
- 2017 – 395,000
- 2018 – 230,000
- 2019 – 195,000
- 2020 – 350,000
- 2021 Type 1 – 150,000
- 2021 Type 2 – 350,000
- 2022 – 575,000
Why Buy 1/10 oz Physical Gold from APMEX?
When you buy Precious Metals, you are investing in assets that transcend the volatile market. Bullion can play an essential role in a modern portfolio, as it hedges against the uncertainty investors typically find with other common investments, such as stocks and bonds. Gold can be a game changer for your investment strategy. Explore the benefits of buying gold today.
There are several benefits to buying physical gold, such as the 1/10 oz American Gold Eagle coins:
- Tangible asset: Physical gold is a tangible asset that you can hold in your hand. Unlike stocks or other financial assets, you can physically possess and store gold. This can provide a sense of security and stability, particularly during times of economic uncertainty.
- Diversification: Including physical gold in your investment portfolio can help to diversify your holdings and reduce overall risk. Gold has historically had a low correlation with other asset classes, such as stocks and bonds, meaning that it may perform differently in different market conditions.
- Liquidity: Physical gold, including the 1/10 oz American Gold Eagle coins, is highly liquid. You can easily sell your gold coins to a dealer or other buyers when you need to access cash. You also have greater control in the 1/10 oz variety than you do with any other size gold eagle. Because it’s a smaller amount, you can liquidate very precise amounts of gold to preserve your portfolio.
- Privacy: When you buy physical gold, you can do so privately and anonymously. This can be an advantage for those who are concerned about privacy or who want to keep their investment activities confidential.
- Store of value: Gold has been used as a store of value for thousands of years. It has proven to be a reliable store of wealth, particularly during times of inflation or economic instability.
Buying physical gold, such as the 1/10 oz American Gold Eagle coins, can provide a range of benefits, including tangibility, diversification, liquidity, privacy, and as a store of value.
Buy 1/10 oz American Gold Eagles Online from APMEX
If you need assistance in figuring out where to buy 1/10 oz American Gold Eagle coins, or if you should have any issue placing an order for U.S. Mint Gold bullion on APMEX.com, we are eager to assist you. Our team of highly trained customer service associates can answer any questions on how to buy gold.
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