The American Eagle gold coin has a purity of 91.67% gold , which is equivalent to 22 karat gold.
This gold is alloyed with 3% silver and 5.33% copper to enhance its durability and make it more resistant to wear and tear.
It’s important to note that while the coin’s face value may suggest it’s made of pure gold, the addition of silver and copper means it’s not 100% pure gold. The weight stamped on the coin (e.g., 1 oz) refers to the pure gold content, not the total weight of the coin.
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Are American Eagle gold coins 24 karat?
Great question! American Eagles use the durable 22-karat standard established for gold circulating coinage over 350 years ago. They contain their stated amount of pure gold, plus small amounts of alloy. This creates harder coins that resist scratching and marring, which can diminish resale value.
What is .9167 gold?
Good point! . 9167 fine gold refers to gold that is 91.67% pure. This purity level is commonly associated with 22-karat gold, meaning that out of 24 parts, 22 are pure gold, and the remaining 2 consist of other metals, typically copper and silver.
Why are gold eagles 22k?
The Gold Eagle Uses “Crown Gold”
91.67% pure gold is also known as 22 karat. 22 karat gold coins like the American Eagle and South African Krugerrand are more impure than . 9999 fine coins, but they’re also more durable. What investors might not know is that this 22k purity standard is actually a British tradition.
Which gold coin has the highest purity?
Thanks for asking. Some of the world’s purest gold coins include: Canadian Maple Leaf : Produced by the Royal Canadian Mint, this coin is recognized for its 99.99% purity. Australian Kangaroo/Nugget: Minted by the Perth Mint, this coin boasts a purity of 99.99%. Austrian Philharmonic: Another exquisite coin that boasts a 99.99% purity.