What is a 1987 American eagle 1 ounce gold bullion?

Answer 1

The Gold American Eagle (GAE) is an official gold bullion coin of the United States. One of the world's most popular coins, GAEs are offered in four sizes: 1 oz, ½ oz, ¼ oz and 1/10 oz. Their weight in ounces signifies the guaranteed stated amount of actual gold weight in troy ounces these coins contain. The market value of the coins is generally about equal to the market value of their gold content, not their face value. Their actual selling prices vary daily based on the current spot price of gold. The coin that you have is a 1 oz GAE that was produced in 1987, a year after the release date of these beautiful gold coins.

Answer 2

If the date is 1983 it's a fake, first year of issue was 1986. Post new question.

The above answer is incorrect.

The first year of issue of the ONE OUNCE and ONE-HALF OUNCE Proof Gold Bullion Coins was 1986.

But the first year of issue for the ONE-QUARTER OUNCE & ONE-TENTH OUNCE Proof Gold Bullion Coins was 1988.

Also key, is: "What is the date when the question is being answered?"

1) If this question was being answered on 01/26/1998, based on the spot price of gold, the ONE OUNCE coin would be worth approximately $305.

2) If this question was being answered on 01/25/2008, based on the spot price of gold, then ONE OUNCE coin would be worth approximately $920.

3) However, if this question was being answered on 01/25/2013, based on the spot price of gold, the ONE OUNCE coin is worth about $1670.

Obviously, for the ONE-TENTH OUNCE coin, you'd take 1/10th of the above values for the respective dates.

Answer 3

The price of the 1 oz Gold American Eagle coin varies considerably. This is because it is based on the price of gold which fluctuates daily and intra-day. Other considerations affecting the price would be the rarity of the coin, demand for gold coins as an investment, and the spread.