American Gold Eagle Quarter oz
The American Gold Eagle Quarter oz is one of the most popular small bullion choices in the United States. In 1986, the United States Mint introduced the American Gold Eagle series, minted in four sizes (1 oz, ½ oz, ¼ oz and 1/10 oz).
From 1986 (MCMLXXXVI) through 1991 the US Mint dated the coins using Roman Numerals. From 1992 through the present traditional Arabic Numerals are featured.
The front of the coin design is a depiction of Liberty taken from the famous $20 gold piece (1907-1933) designed by Augustus Saint-Gaudens. The back features a family of nesting eagles and includes United States of America, E Pluribus Unum (from many, one), In God We Trust, weight (1/4 oz fine gold) and legal tender value ($10).
The US Mint produces quantities of the American Gold Eagle Quarter oz oz to ensure the series will retain its status as a bullion leader. The legal tender value is symbolic as the American Gold Eagle Quarter oz fluctuates directly with the price of gold.
The total US Mint production of the American Gold Eagle Quarter oz between 1986 and 2007 was 3,108,508 coins. Between 2008 and 2014 the US Mint yearly production for the American Gold Eagle Quarter oz was: 2008 (70,000) – 2009 (110,000) – 2010 (86,000) – 2011 (80,000) – 2012 (76,000) – 2013 (122,000) – 2014 (118,000).
As you can see the production numbers are significant and there are reasons for this popularity: (1) The US Gold Eagle appeals to a worldwide audience and outsells other ¼ oz bullion gold coins within the United States because of its low premium. (2) The American Gold Eagle Quarter oz is easy to buy and sell because dealers worldwide post daily buy and sell prices. (3) The American Gold Eagle Quarter oz contains exactly ¼ ounce of the gold and is alloyed with a small amount of copper which makes for greater durability. (4) The American Gold Eagle Quarter oz is popular in the jewelry trade. (5) Original Mint tubes have blue tops and contain 40 ¼ oz coins. These tubes are made of a pliable plastic; they easily lock and are virtually indestructible. (6) Unlike the Krugerrand (1 oz) or the Canadian Gold Maple Leaf (1 oz) the US Gold Eagle series is not reportable on Federal Form 1099B when the public resells.
Visit Ask An Expert to send your questions to the owner of GoldDealer.com
Visit GoldDealerCA on You Tube to see our informative videos on precious metals.