Advice on Selling and Buying Scrap Gold

American Gold Eagles – Gold Eagle Facts, Specifications & Dimensions

The Gold Eagle offers an excellent way to invest into gold coins or gold bullion.

Gold Eagle coins are seen as a good investment since they always retain the value of their gold content, which may vary, as well as some numismatic value to coin collectors – we’ll cover this later.

Gold Eagles are one of the most common American gold coins, available in the following sizes:

  1. Full 1oz Eagle
  2. Half Eagles (which obviously contain half the gold of the full gold Eagle)
  3. Quarter Ounce Eagles
  4. One Tenth Ounce Eagles

It may well be that other gold coins like the Krugerrand, Sovereign, or Maple may better suit your requirements, or you may be buying gold coins for their aesthetic qualities (gold coins do look very attractive!), we’ll go into some details of these on our gold coins page.

The Gold Eagle – Are They 22 carat or 24 carat?

The gold Eagle was introduced as a 22ct coin in 1986, but there were also gold eagles from 1933.

Today, unless specified otherwise, when someone refers to a gold eagle they are talking about the 1986 coin.

The coin depicts an Eagle or Eagles on one side, with the figure of Liberty on the other.

The Full Gold Eagle

The American Gold Eagle coins are very popular and are made from 22ct gold & having the following specifications:

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1986+American Eagle 1oz33.93132.7.9167
  • Weight: 33.931 grams
  • Gold Content: 1 troy ounces

The Gold Half Eagle

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1986+American Eagle Half Ounce16.96627.9167
  • Weight: 16.966 grams
  • Gold Content: 0.50 troy ounces

The Gold 1/4 Ounce Eagle

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1986+American Eagle Quarter Ounce7.77522.9167
  • Weight: 7.775 grams
  • Gold Content: 0.25 troy ounces

The Gold 1/10th Ounce Eagle

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1986+American Eagle Tenth Ounce3.3916.5.9167
  • Weight: 3.39 grams
  • Gold Content: 0.1 troy ounces

Why Buy Gold Eagles (Are Gold Eagles A Good Investment)?

Yes, many people see gold Eagles as a very efficient way to invest in gold, especially since they are available in different sizes and gold content.

However you must remember that gold prices, and therefore the value of the coins, can vary dramatically over time.

Gold, silver, and other precious metals have always been seen as a store of wealth, since it’s scarcity and universal acceptance as a unit of payment mean that it can never go “out of fashion.”

This is understandable when you consider that in older times wealthy traders may take their coins (this was before paper money remember) and have them melted down and turned into useful or decorative objects, such as drinking vessels, etc.

This not only advertised their affluence, it also allowed them to take the gold or silver object to the local mint, melt it down, & turn it back into the same number of gold coins or silver coins that they had owned previously if times became harder.

For this reason gold Eagles, other gold coins, and other items made from precious metals are often turned to in times of economic uncertainty as an alternative way of storing wealth.

Not only do gold Eagles look far more attractive than paper money, they are a good hedge against inflation, and against weakening currencies.

Right now gold is at high prices when valued in £Sterling due to economic uncertainty, and so the value of gold Eagles and other gold coins is correspondingly high.

Since buyers will have to pay a premium over the spot value of gold (i.e. the market price of 1 ounce of 24 carat gold) anyway, the additional cost of the numismatic value of each coin can inflate the price difference further.

In other words, if you wanted to buy 1 ounce of gold you could buy 1 Full Eagle, which would mean paying the premium over the market price of gold, plus a small premium for the actual coins value.

Alternatively you could buy 4 Quarter Eagles at the same premium over the market price for gold, plus 4 lots of numismatic value, one for each coin.

Or 10 1/10th Eagles with 10 times the coin cost over the gold content.

Although this may not be a huge difference, if you are buying gold Eagles for investment purposes, or to protect your money, then clearly you want to keep the price that you pay as close to the market price for gold as you can.

One other risk with buying gold Eagles or indeed any gold coins, is that the value or price of gold is constantly changing, and so if the price of gold drops then the gold content of your coins will be worth less.

This means that you could lose money if you then sell your gold coins – this risk is inherent in all investing, but at least your gold Eagles or gold coins can’t go bust like stock market investments!

If you want to sell gold Eagles then usually you can find a large number of dealers who will be happy to buy your gold Eagles off you, but you need to shop around to get the best prices, just like you would if you wanted to buy gold Eagles.

See below for more details.

Gold Eagle Prices

Gold Eagle Coin Prices like all other gold coins or gold bullion are determined from the current gold price and the numismatic value that any Eagle or coin may have.

Some Gold Eagles can be quite rare, perhaps minted in a certain year, or at a certain mint, and consequently can have a value far in excess of the actual gold content of the coin itself.

Attempting to put a value on these kinds of numismatic features is far beyond the scope of this website, it takes years of experience to be able to recognise & even to correctly grade a gold Eagle, and so to even attempt to discuss this here would be pointless.

Instead this page will concentrate solely on calculating a gold Eagle price from the value of the actual gold content of the Eagle and ignoring the numismatic factors. In reality most gold Eagles will have little interest or extra value to a collector, and so in most cases the major part of gold Eagle prices is the gold itself.

In order to calculate gold Eagle prices you need firstly to know the current market price for one ounce of gold, this is known as the gold spot price.

You can find the current spot gold price below:

Spot Gold Price in GBP £ Sterling Per Troy Ounce


The next thing that you need to do is to multiply the spot gold price by the amount of gold in a gold Eagle, which will be either a full troy ounce, a half, quarter, tenth or twentieth of an ounce, and this will give you a rough estimate of the value of the gold in the Eagle.

For example, suppose that the spot gold price is £1400 and you have a tenth of an ounce Eagle;

You multiply £1400 by 0.1 to get £140. This is a rough value of the gold Eagle in terms of its gold content alone.

It is important to remember that this is just the gold content value, and that the actual gold Eagle prices will almost certainly be higher than this.

Buy Gold Eagles

When buying a Gold Eagle Coin it is of course important to make sure that you get a good deal, and that you are careful in who you are dealing with.

Gold Eagles & other gold coins clearly have a high monetary value, and unfortunately wherever money is concerned you find crooks. There are fake gold Eagles & gold coins that can be difficult to spot, and there are people who will just take you money and run.

Always be careful in who you are dealing with, make sure that you are happy with the dealer, that they have a good reputation, and if possible have an expert check over what you receive from the gold coin dealer.

We know one person who bought £9000 of gold coins from an accredited dealer, and he received a parcel full of fakes & poor quality coins in return. Be careful when buying gold coins!

Sell Gold Eagles

Selling Gold Eagles needs to be undertaken with the same considerations as when buying gold coins. Again, you want to get the best price possible, but to be careful in who you are dealing with.

If you feel that you are being offered a deal that is too good to be true – well, you know the saying.

Make sure that you pack up your gold Eagles carefully, always send it by recorded delivery, and make sure that you communicate with the buyer.

Recommended Gold Eagle Dealers

ScrapGold.org.uk do not deal in gold Eagles or other gold coins

The list of dealers below are gold coin dealers that we would feel comfortable recommending to people, but we accept no responsibility for any disagreement or other problems that you may encounter in any dealings that you decide to undertake.

Alternatively you might decide to look at gold Eagles in auctions such as at eBay.

Dealers Who Buy Gold Eagles

The dealers here are people that we would feel comfortable recommending, but we accept no responsibility for any problems that may arise.

Hatton Garden Metals buy & sell gold Eagles, offering current market rates, excellent prices, and fast pay out.

Alternatively to using a dealer you might decide to sell your gold Eagle online somewhere like eBay.

The advantage with this approach is that you always get a fair market price, and the buyer pays you before you ship the goods.

Other Gold Coin Prices

In order to work out the values or prices of other gold coins you need to simply follow the steps outlined above, multiplying by the amount of gold in the coin.

Visit our gold coin page to find the gold content of a variety of other gold coins.

There are lots of different gold coins available, this page will give you a brief outline of the most common gold coins and their gold content so that you can calculate a rough idea of gold coin prices.

Simply multiply todays gold price by the gold content of each coin.

Other Ways to Invest in Gold

If you are only interested in gold as an investment, rather than in gold coins, then you might want to think about buying scrap gold, since you can buy it at a price that is closer to the gold prices, and also you could buy different grades of gold, that is 9ct, 14ct, 18ct, 22ct, or 24ct.

This allows you to buy even broken jewellery, etc instead of gold coins.

Scrap Gold Prices

You can calculate the value of Scrap Gold in pretty much the same way, but in this case you need to also calculate the gold content, since you may have 22ct, 18ct, 14ct, or 9ct gold, all of which contain different amounts of gold for a given weight.

Learn how to value Scrap Gold here.