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American Gold Eagle melt value
American Gold Eagles are 22-karat coins that contain their stated weight in pure gold, from 1 oz down to 1/10 oz.
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How much gold is in a Gold Eagle?
American Gold Eagles are .9167 fine (22 karat), alloyed with copper and silver for durability. The coin is made heavier than its label so that it contains exactly the stated weight of pure gold: a 1 oz Gold Eagle weighs about 1.0909 troy ounces in total, of which 1 oz is gold.
Melt value = pure gold ounces × gold spot price per troy ounce.
Premiums matter more on small coins
Dealer premiums over spot are a fixed-ish dollar amount per coin, so they are a bigger percentage of a 1/10 oz coin than of a 1 oz coin. That is why melt value is a useful baseline when comparing what you paid, or what you could be offered.
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