American Eagle 1 oz or American Eagle 1/10 oz: which is the better buy today?
American Eagle 1 oz holds 31.10 g of fine gold and American Eagle 1/10 oz 3.11 g: American Eagle 1 oz holds 10.00 times the gold of American Eagle 1/10 oz. The metal costs the same per gram in both; what differs is how much of the price is the coin rather than the gold — and the small one always carries more of it.
| coin | American Eagle 1 oz | American Eagle 1/10 oz |
|---|---|---|
| fine gold | 31.10 g | 3.11 g |
| gross weight | 33.93 g | 3.39 g |
| purity | 916.7 ‰ · 22 kt | 916.7 ‰ · 22 kt |
| diameter | 32.7 mm | 16.5 mm |
| thickness | 2.87 mm | 1.19 mm |
| face value | 50 dollars | 5 dollars |
| struck | United States · since 1986 | United States · since 1986 |
The prices come from the feed, and the feed has not answered yet.
American Eagle 1 oz — One ounce of gold in a 22 carat alloy, so it weighs more than an ounce on the scale. The most traded bullion coin in the United States.
American Eagle 1/10 oz — The most minted of the small American coins: 3.11 g of gold in a 16.5 mm 22 carat disc, with a five-dollar face value and the highest premium in the family.
Both are struck in 916.7 ‰ · 22 kt: the same alloy, the same feel in the hand, and any difference on the scale is a difference in gold.
Both are modern bullion coins, struck for investors — American Eagle 1 oz since 1986, American Eagle 1/10 oz since 1986 — and priced on their metal and the margins above it.
What decides between them is not the gold, which costs the same per gram in both, but everything charged per coin: striking, distribution, the shop’s margin. Spread over 3.11 g the small coin carries far more of it per gram than the big one does over 31.10 g — which is why American Eagle 1/10 oz is nearly always the dearer gold, and why it is bought anyway: it sells in smaller pieces, and sells everywhere.