The $5 American Gold Eagle is a gold bullion coin that has been issued by the United States Mint since 1986. It is the official gold coin of the United States and is one of the most popular gold coins in the world.
Definition and Example
The $5 American Gold Eagle is made of 22-karat gold and weighs 1/10 of a troy ounce. It has a diameter of 16.5 millimeters and a thickness of 1.15 millimeters. The obverse of the coin features a Liberty Head designed by Augustus Saint-Gaudens, while the reverse features an American eagle designed by Miley Busiek.
Importance, Benefits, and Historical Context
The $5 American Gold Eagle is an important coin for investors and collectors alike. It is a safe and convenient way to invest in gold, and it is also a beautiful and collectible coin. The $5 American Gold Eagle has been issued in various sizes, including 1/2 ounce, 1/4 ounce, and 1/10 ounce, since its inception. It has gained immense popularity for its intrinsic value, aesthetic appeal, and its role as a legal tender in the United States.
The $5 American Gold Eagle is a popular choice for investors because it is a relatively affordable way to invest in gold. It is also a liquid asset, meaning that it can be easily bought and sold. The $5 American Gold Eagle is also exempt from capital gains tax when sold after being held for more than one year, making it an attractive investment option for those looking to diversify their portfolio.
The $5 American Gold Eagle is also a popular choice for collectors. It is a beautiful coin with a rich history, and it is a great way to add to a coin collection. The $5 American Gold Eagle is also a valuable coin, making it a great investment for collectors.
Personal Details and Bio Data
Year
Mintage
1986
1,095,000
1987
1,088,000
1988
1,072,000
1989
1,056,000
1990
1,040,000
Transition to Main Article Topics
The $5 American Gold Eagle is a versatile coin that is popular with investors and collectors alike. It is a safe and convenient way to invest in gold, and it is also a beautiful and collectible coin. If you are looking to add to your coin collection or diversify your investment portfolio, the $5 American Gold Eagle is a great option.
$5 American Gold Eagle
The $5 American Gold Eagle is a popular gold bullion coin issued by the United States Mint. It is known for its beauty, value, and historical significance. Here are seven key aspects of the $5 American Gold Eagle:
Composition: 22-karat gold
Weight: 1/10 troy ounce
Diameter: 16.5 millimeters
Thickness: 1.15 millimeters
Obverse design: Liberty Head by Augustus Saint-Gaudens
Reverse design: American eagle by Miley Busiek
Legal tender: $5
The $5 American Gold Eagle is a popular choice for investors and collectors alike. It is a safe and convenient way to invest in gold, and it is also a beautiful and collectible coin. The $5 American Gold Eagle is also exempt from capital gains tax when sold after being held for more than one year, making it an attractive investment option for those looking to diversify their portfolio.
1. Composition
The $5 American Gold Eagle is composed of 22-karat gold, which means that it is 91.67% gold and 8.33% other metals, typically copper. This composition gives the coin its distinctive color and hardness. The use of 22-karat gold in the $5 American Gold Eagle is significant for several reasons.
First, 22-karat gold is a durable and long-lasting metal. It is resistant to wear and tear, making it an ideal choice for a coin that is intended to be circulated and handled. Second, 22-karat gold is a valuable metal. It is worth more than pure gold, making it a good investment. Third, 22-karat gold is a beautiful metal. It has a rich, warm color that is appealing to the eye.
The use of 22-karat gold in the $5 American Gold Eagle makes it a valuable and beautiful coin that is also durable and long-lasting. These qualities make it a popular choice for investors, collectors, and anyone who appreciates the beauty of gold.
2. Weight
The $5 American Gold Eagle weighs 1/10 of a troy ounce. This weight is significant for several reasons.
Size and portability: The 1/10 troy ounce weight makes the $5 American Gold Eagle a relatively small and portable coin. This makes it easy to store and transport, making it a popular choice for investors and collectors who want to keep their gold close at hand.
Value: The 1/10 troy ounce weight also gives the $5 American Gold Eagle a relatively low price point compared to larger gold coins. This makes it a more accessible option for investors who are looking to buy gold but may not have a large budget.
Overall, the 1/10 troy ounce weight of the $5 American Gold Eagle makes it a popular choice for investors and collectors alike. It is a small, portable, and affordable way to invest in gold.
3. Diameter
The diameter of the $5 American Gold Eagle is 16.5 millimeters. This measurement is significant for several reasons.
First, the diameter of the coin affects its weight. A larger diameter coin will weigh more than a smaller diameter coin of the same thickness and composition. The $5 American Gold Eagle's diameter of 16.5 millimeters gives it a weight of 1/10 troy ounce, which is a popular size for gold coins.
Second, the diameter of the coin affects its appearance. A larger diameter coin will have more surface area than a smaller diameter coin, which gives it more space for design elements. The $5 American Gold Eagle's diameter of 16.5 millimeters provides ample space for the coin's intricate Liberty Head and American eagle designs.
Finally, the diameter of the coin affects its durability. A larger diameter coin will be more durable than a smaller diameter coin, as it will have more metal to resist wear and tear. The $5 American Gold Eagle's diameter of 16.5 millimeters makes it a durable coin that is well-suited for circulation.
Overall, the diameter of the $5 American Gold Eagle is an important factor that affects the coin's weight, appearance, and durability. The coin's diameter of 16.5 millimeters is a key part of its overall design and makes it a popular choice for investors and collectors alike.
4. Thickness
The thickness of the $5 American Gold Eagle is 1.15 millimeters. This measurement is significant for several reasons.
First, the thickness of the coin affects its durability. A thicker coin will be more durable than a thinner coin, as it will have more metal to resist wear and tear. The $5 American Gold Eagle's thickness of 1.15 millimeters makes it a durable coin that is well-suited for circulation.
Second, the thickness of the coin affects its appearance. A thicker coin will have a more substantial feel than a thinner coin. The $5 American Gold Eagle's thickness of 1.15 millimeters gives it a solid and impressive appearance.
Third, the thickness of the coin affects its weight. A thicker coin will weigh more than a thinner coin of the same diameter and composition. The $5 American Gold Eagle's thickness of 1.15 millimeters gives it a weight of 1/10 troy ounce, which is a popular size for gold coins.
Overall, the thickness of the $5 American Gold Eagle is an important factor that affects the coin's durability, appearance, and weight. The coin's thickness of 1.15 millimeters is a key part of its overall design and makes it a popular choice for investors and collectors alike.
5. Obverse design
The obverse of the $5 American Gold Eagle features a Liberty Head designed by Augustus Saint-Gaudens. This design is significant for several reasons.
Historical significance: Augustus Saint-Gaudens was a renowned American sculptor who designed many famous works of art, including the Saint-Gaudens Double Eagle and the Lincoln penny. His Liberty Head design for the $5 American Gold Eagle is one of his most iconic works, and it has been used on the coin since its inception in 1986.
Artistic merit: The Liberty Head design is a beautiful and timeless work of art. It depicts a young Liberty with flowing hair, wearing a Phrygian cap, which was a symbol of freedom during the Roman Republic. The design is both classic and modern, and it has been praised by critics and collectors alike.
Cultural impact: The Liberty Head design has become an iconic symbol of the United States. It is instantly recognizable, and it is often used to represent American values such as freedom, democracy, and opportunity. The design has been featured on everything from postage stamps to commemorative coins, and it is a beloved part of American culture.
Overall, the Liberty Head design by Augustus Saint-Gaudens is a significant part of the $5 American Gold Eagle. It is a beautiful and iconic work of art that has historical, artistic, and cultural value. The design is a testament to the skill of Augustus Saint-Gaudens and to the enduring power of American symbolism.
6. Reverse design
The reverse of the $5 American Gold Eagle features an American eagle designed by Miley Busiek. This design is significant for several reasons.
Historical significance: Miley Busiek was a talented American sculptor and engraver who designed many famous works of art, including the reverse of the American Silver Eagle and the Alabama state quarter. Her American eagle design for the $5 American Gold Eagle is one of her most iconic works, and it has been used on the coin since its inception in 1986.
Artistic merit: The American eagle design is a beautiful and timeless work of art. It depicts a majestic eagle in flight, with its wings outstretched and its head turned towards the viewer. The design is both classic and modern, and it has been praised by critics and collectors alike.
Cultural impact: The American eagle design has become an iconic symbol of the United States. It is instantly recognizable, and it is often used to represent American values such as freedom, strength, and courage. The design has been featured on everything from postage stamps to commemorative coins, and it is a beloved part of American culture.
Patriotic symbolism: The American eagle is a powerful symbol of American patriotism. It is the national bird of the United States, and it has been used to represent the country since the American Revolution. The American eagle design on the $5 American Gold Eagle is a reminder of the strength and resilience of the United States, and it is a source of pride for many Americans.
Overall, the American eagle design by Miley Busiek is a significant part of the $5 American Gold Eagle. It is a beautiful and iconic work of art that has historical, artistic, and cultural value. The design is a testament to the skill of Miley Busiek and to the enduring power of American symbolism.
7. Legal tender
The $5 American Gold Eagle is legal tender in the United States, meaning that it can be used to pay debts and other financial obligations. This designation is significant for several reasons.
Value and credibility: The legal tender status of the $5 American Gold Eagle gives it a level of value and credibility that is not afforded to all gold coins. This is because legal tender coins are backed by the full faith and credit of the United States government, which means that they are guaranteed to be worth their face value.
Convenience and liquidity: The legal tender status of the $5 American Gold Eagle makes it easy to buy, sell, and trade. This is because legal tender coins can be used to make purchases anywhere in the United States, and they are also accepted by most precious metals dealers.
Investment potential: The legal tender status of the $5 American Gold Eagle makes it an attractive investment option. This is because legal tender coins are considered to be a safe and stable investment, and they are also exempt from capital gains tax when sold after being held for more than one year.
Numismatic value: The legal tender status of the $5 American Gold Eagle also adds to its numismatic value. This is because legal tender coins are often seen as being more valuable than non-legal tender coins, and they are often sought after by collectors.
Overall, the legal tender status of the $5 American Gold Eagle is a significant factor that contributes to its value, credibility, convenience, investment potential, and numismatic value. This designation makes the $5 American Gold Eagle a popular choice for investors, collectors, and anyone who appreciates the beauty and value of gold.
Frequently Asked Questions about the $5 American Gold Eagle
The $5 American Gold Eagle is a popular gold coin that is issued by the United States Mint. It is a legal tender coin that is also popular with collectors. Here are some frequently asked questions about the $5 American Gold Eagle.
Question 1: What is the $5 American Gold Eagle?
The $5 American Gold Eagle is a 22-karat gold coin that weighs 1/10 of a troy ounce. It has a diameter of 16.5 millimeters and a thickness of 1.15 millimeters. The obverse of the coin features a Liberty Head designed by Augustus Saint-Gaudens, while the reverse features an American eagle designed by Miley Busiek.
Question 2: How much is a $5 American Gold Eagle worth?
The value of a $5 American Gold Eagle varies depending on the gold spot price and the condition of the coin. However, a $5 American Gold Eagle is typically worth more than its face value of $5.
Question 3: Where can I buy a $5 American Gold Eagle?
$5 American Gold Eagles can be purchased from coin dealers, precious metals dealers, and online retailers. You will find the best price if you shop around and compare prices.
Question 4: How do I store a $5 American Gold Eagle?
$5 American Gold Eagles should be stored in a safe and dry place. You can store them in a coin album, a coin capsule, or a safe deposit box.
Question 5: How do I sell a $5 American Gold Eagle?
You can sell a $5 American Gold Eagle to a coin dealer, a precious metals dealer, or an online retailer. When you sell your coin, be sure to get a fair price for it.
These are just a few of the most frequently asked questions about the $5 American Gold Eagle. If you have any other questions, please consult a reputable coin dealer or precious metals dealer.
Summary
The $5 American Gold Eagle is a popular gold coin that is a good investment and a beautiful collectible. If you are interested in buying or selling a $5 American Gold Eagle, be sure to do your research and shop around for the best price.
Transition to the next article section
The $5 American Gold Eagle is a versatile coin that is popular with investors and collectors alike. It is a safe and convenient way to invest in gold, and it is also a beautiful and collectible coin. If you are looking to add to your coin collection or diversify your investment portfolio, the $5 American Gold Eagle is a great option.
Conclusion on the $5 American Gold Eagle
The $5 American Gold Eagle is a popular gold coin that is issued by the United States Mint. It is a legal tender coin that is also popular with collectors. The coin is made of 22-karat gold and weighs 1/10 of a troy ounce. It has a diameter of 16.5 millimeters and a thickness of 1.15 millimeters. The obverse of the coin features a Liberty Head designed by Augustus Saint-Gaudens, while the reverse features an American eagle designed by Miley Busiek.
The $5 American Gold Eagle is a versatile coin that is popular with investors and collectors alike. It is a safe and convenient way to invest in gold, and it is also a beautiful and collectible coin. If you are looking to add to your coin collection or diversify your investment portfolio, the $5 American Gold Eagle is a great option.
The $5 American Gold Eagle is a symbol of American values such as freedom, democracy, and opportunity. It is a beautiful and timeless work of art that is a testament to the skill of the artists who designed it. The coin is a reminder of the strength and resilience of the United States, and it is a source of pride for many Americans.
