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LUNAR GOLD coins:

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   Year of DRAGON-2001

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< -  - Back to other articles

What is the Purity of

American Gold Eagle coins?

Coin Collector's Questions and Answers by Lynn Coins

Coin Questions:

Dumb question. I know nothing about coins. Are the 1/10 ounce American Eagle $5 gold coins 14Kt gold, or what have you? I want to have them made into earrings.

I can find the earrings already made up and the seller says they are 22 K gold coins. Are those authentic or copies?

 

I would appreciate your help.

 

LynnCoin's Answer:

Your questions  are good ones.

 

Purity of the American Eagle Gold coins

The US mint started making the gold American Eagle coins in 1986. All the sizes (1/10, 1/4, 1/2 and 1 ounce) are 91.67% gold with the rest of the metal in the coin mixture being copper and a trace of silver. This is why a 1/10 oz $5 American Eagle coin will weight

slightly more than a tenth of an ounce. Each $5 Eagle coin contains 1/10 of an ounce of pure gold melted together with the small amount of copper and silver. The copper and silver give the coin a hardness that pure gold does not offer, thereby letting the gold coin better withstand wear.
 

91.67% gold purity is equal to 22 karat gold

91.67% gold content is a high purity of gold for a coin and is the equivalent of 22kt gold.
In comparison, the old US Gold coins made prior to 1933 were usually 90.0% gold and 10% copper.  A few modern day gold coins are made of 99.9% pure gold, such as the Canadian gold Maple Leaf, Austria Philharmonic, and the new US BUFFALO 1 ounce gold coin.  Because the modern coins are intended for investors and won't be handled much, the softness of the gold bullion is not much of a concern.

Throughout history most gold coins have been in the 80 to 90% purity range.
 

US Gold Eagle coins found in Jewelry

Without seeing them, I can't tell you much about the earrings that a jewelry company is offering you.


I have seen some jewelers sell copies or replicas. (That's not to say it is the case with your jeweler.)  Companies can make replicas and copies that are legal to sell.  Without getting into all the details, to be legally sold replicas and copies must have the word copy or replica on them and it must be noticeable.  (It usually it is found on the back of the coin, which if in a mounting may not be easily seen without close examination.)  Or, they must be of an obviously different size (to within a certain percentage) larger or smaller than the real thing.  Some jewelers think a replica (without the word copy) can legally be included in a piece of jewelry,. because it is then considered jewelry and no longer considered a "coin".  We'll leave that for the courts to decide.

Our recommendation - look for a jeweler with a good reputation.  Do the same when purchasing from coin dealers. It is good to stick with any jeweler or coin dealer who stands behind what he/she sells.

By the way, we only sell genuine real gold coins. (Satisfaction Guaranteed.)

 

At the present time we don't stock the jewelry mountings or bezels.

 

Read our other articles

 

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Have Questions ?   Please email us at: jlynn@aeneas.net

 LYNN COINS + SPORTS CARDS STORE

John Lynn & Company
Post Office BOX 56
Gibson, TN 38338

Phone: (731) 787-6645

Email us at: jlynn@aeneas.net

 

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