Why are American Gold Eagles 91.67% gold?

Ever wanted to know why American Gold Eagles are 96.67% gold? Get up-to-date information and reliable answers to your bullion and precious metals related questions here at ModernCoinMart's Complete Bullion Resource Center.

American Gold Eagles are made with a composition of 91.67% gold, 3% silver, and 5.33% copper. The reason for this composition is to improve the coin’s durability and resistance to wear and damage.

While 24 karat, or 99.99% fine, gold is used in coin production, it is softer and not as durable as alloyed gold, which means scratches and dents are more likely, which can negatively impact a coin’s value over time. Adding small amounts of other metals like silver and copper strengthens the coin’s surface, which helps it resist damage from regular handling and natural wear and tear. 

Overall, American Gold Eagles are 91.67% gold because this composition offers the right balance between durability and appearance while still making the coin’s gold content the primary driving force of its value.

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