Melt value for the American Gold Eagle 1oz coin is $1662.34 as it is only 22karrat or 91.67% pure.
Even though the 1 oz American Gold Eagle is struck and issued by the U.S. Mint and is considered legal tender in the U.S. with a face value of $50, the intrinsic value of the gold as well as the collectable value is significantly higher. When issued, there is a slight markup over spot gold price, but the true value of the coin is seen only after time passes and the coins are no longer being issued.
Since the 1 oz American Gold Eagle coins are 22 karat gold, they have the quality of gold with added durability to prevent scratches and dings in normal coin packaging and handling. As far as popularity goes, since they are acceptable as precious metal IRA coins and are exempt from the 1099B brokerage reporting requirements, they are quite popular in the industry. With their inherent value, gold value, collectable value and for bullion coins, they have become the most popular gold bullion coin in North America. For those looking for a popular bullion coin with a reasonable buy-in and great power for appreciating in value, the 1 oz American Gold Eagle coin is perhaps the best investment in gold possible.