Talk:American Gold Eagle

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Coin Sizes[edit]

What do you think about keeping the full set of pictures in there, but putting a disclaimer saying that while the relative sizes are accurate, the absolute size is only exact for monitors with the right number of pixels per inch? I know, for example that 128px would be just about 32.70mm on my monitor. HorsePunchKid 02:35, 2005 Apr 9 (UTC)

History[edit]

The article begins thus:

The American Gold Eagle is an official gold bullion coin of the United States. It was first released by the United States Mint in 1986.

What about the gold eagle coins that were used a century ago? That's what I expected this article to be about. Michael Hardy 19:10, 15 September 2006 (UTC)

Your thinking about "gold eagles", not the American Gold Eagle. WP has a lot about these. See:
Obsolete United States currency and coinage
Topics: United States coinage | United States dollar | History of the United States dollar |
Large denominations of currency
Currency: Compound Interest Treasury Note | Demand Note | Federal Reserve Bank Note | Gold Certificate |
Interest Bearing Note | National Bank Note | National Gold Bank Note | Refunding Certificate |
Silver Certificate | Treasury or 'Coin' Note | United States Note
Coins: Half cent | Large cent | Two-cent piece | Three-cent piece | Twenty-cent piece | Trade Dollar
Gold Coins: Gold dollar | Quarter Eagle ($2.50) | Three-dollar piece | Half Eagle ($5) | Eagle ($10) | Double Eagle ($20)
Thank you. Michael Hardy 00:36, 25 September 2006 (UTC)

So what *does* it mean?[edit]

Article: "As is often the case with bullion coins, the face values of these coins ($5, $10, $25 and $50; reflecting the fact that the coins are legal tender[2]) are mostly symbolic and do not reflect their true value."

OK, that tells me what the face value *doesn't* mean, but what *does* it mean? :-)

Hypothetically, if the price of gold was to drop to under $50/oz, does it mean a 1oz AGE would still be the monetary equivalent of a $50 bill? —Preceding unsigned comment added by 69.71.175.177 (talk) 20:41, 26 September 2008 (UTC)

Not a coin or monetary expert, but I believe the "legal tender" value is just the official, government-designated worth the coin would have in a transaction. For example, if I take a $50 gold coin into the supermarket and buy $45 (tax included) of groceries (for which I could use a paper $50 bill to pay as well), the cashier would have to accept the American Eagle as payment and give me $5 in change. The government backs it to that value. However, if I just gave her a generic gold bar, the cashier would not be obligated to accept it. It's not official money. It would be like giving him or her a toaster or a bottle of wine. And yes, if gold (now at ~1383) were to plummet to $50 an ounce, the government would still back its legal tender value. KBurchfiel (talk) 08:04, 27 December 2010 (UTC)


=== Link to Wiki page for Miley Busiek added Hefrost (talk) 05:54, 31 January 2009 (UTC)Howard Frost. Also, I tried to link to wiki page for Miley Tucker-Frost but was unsuccessful because I am new to wiki editing

Gold quality[edit]

My understading is that it is 24 karat gold not 22 but becomes 22 karat overall because of the addition of the silver and copper. Is this important to note? 91.111.151.152 (talk) 20:32, 15 March 2009 (UTC)

Not a coin expert, but from my understanding, karat here refers only to the coin, not to the element. To give a dubious analogy, for a glass of chocolate milk that's 80% milk and 20% chocolate sauce (let's arbitrarily call this "22 karat chocolate milk," the milk itself is pure milk, but the "karat" refers to the entire drink. I hope this made some sense. -KBurchfiel — Preceding unsigned comment added by KBurchfiel (talkcontribs) 07:56, 27 December 2010 (UTC)

These coins are more than one ounce to compensate for the addition of other metals. You do in fact get 1 oz of gold. Is this correct? — Preceding unsigned comment added by 50.174.36.176 (talk) 03:00, 28 February 2014 (UTC)

Artwork[edit]

In the second paragraph, someone has made the human-centric mistake of assuming that the female tends the young. In fact, eagles share parenting duties, and if anything, the one in flight appears slightly larger, suggesting it's the female (25% sexual dimorphism). See http://en.wikipedia.org/wiki/Bald_eagle#Reproduction. I only suggest removing the unjustified gender assumption. Wildbirdz (talk) 18:59, 8 February 2010 (UTC)

Tax Implications section needed?[edit]

Seems like someone more assiduous than me should put something together including minutia such as: http://blog.entrustfreedom.com/the-golden-1031-exchange/ http://www.mjpm.com/gold.cfm — Preceding unsigned comment added by Riventree (talkcontribs) 12:39, 25 July 2011 (UTC)

Not all proof coins were minted at West Point[edit]

The article states that all the American Gold Eagle proof coins were minted at West Point. As of this writing that statement is properly tagged with a "citation needed" flag. In 1987, at least, the half-ounce proof coins were minted at Philadelphia and bore a "P" mint mark. — 72.181.2.153 (talk) 14:05, 21 December 2011 (UTC)

External links modified[edit]

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Dubious tax advice and HOWTO[edit]

The advice that "you cannot be taxed on the transaction, even if the coin appreciates" sounds like a paranoid sovereign citizen movement tax scam pitch. The legal case references don't support the idea. Also clearly WP:NOTHOWTO and WP:YOU tone. Should be edited out altogether. Richard J Kinch (talk) 22:56, 14 December 2019 (UTC)

Tables[edit]

How useful are the detailed production tables that dominate this article? Is anyone going to come here looking for the AGE price corresponding to a gold price of $550? The production tables show some interesting trends, particularly the production spikes in 1998 and 2008 that followed the Asian financial crisis and the global financial crisis, but do they have any other utility? I'm inclined to remove these tables in favor of prose. 73.71.251.64 (talk) 23:04, 23 February 2020 (UTC)

I oppose removing production tables entirely. Perhaps they could be moved to a separate list article on production of US bullion coins. - ZLEA T\C 15:44, 25 February 2020 (UTC)

Why should the production numbers be listed in full rather than summarized? What purpose does the pricing table serve in the context of the article? 73.71.251.64 (talk) 18:34, 25 February 2020 (UTC)

Production numbers are of interest to numismatists and coin collectors. As for the pricing table, I would ask Wehwalt. - ZLEA T\C 20:26, 25 February 2020 (UTC)
I think the mintage tables are more useful than the prices, but I would not delete the prices if they are sourced and recent. However, I've always been leery about giving too much opinion information (which, after all, valuations are) when that is part of what you buy a catalog for.--Wehwalt (talk) 22:57, 25 February 2020 (UTC)