The first gold metal coin that went into production for circulation came about in the 5th century BC in the Kingdom of Lydia located in modern-day Turkey. It was 44% silver and 56% gold. Both elements at the time were sourced in abundance from the local rivers.
Gold coins and others made from other precious metals like silver, nickel, and palladium have evolved in purity and design over the years. Their purpose has shifted in alignment with more focus on their inherent value as an asset class instead of a daily traded currency. Let’s explore the most valuable precious metal coins produced by the U.S. Mint over the more recent decades.
How Much Is a Gold Coin Worth?
The value of gold coins and other precious metal coins can vary depending on their rarity, purity, and functionality. Coins can generally be divided into two categories– bullion coins and numismatic coins. Both coin types often have premiums that sell above the market value of gold or other precious metals.
The value of gold bullion coins that come from the U.S. Mint is determined by their precious metal content and weight. These coins are solely intended for investment purposes and are not to be used as a medium of exchange, giving them a store of value that makes them a valuable asset to hedge against inflation.
Prices for bullion coins may vary based on purity and weight. For instance, the 2016 Walking Liberty Gold coin is available in 24 karats with a fineness of .9999. It weighs 1/2 a troy ounce and has an estimated value between $1,200 and $1,300.
The Golden Eagle coin series is one of the more recognizable bullion coins, which were produced and made available for purchase in 1986. Golden eagle bullion coins can vary by weight and are sold at 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce. American Golden Eagle coins have a composition of 91.67% gold and 3% silver and are balanced with a copper metal alloy. A one-ounce Golden Eagle coin containing 31.104 grams of pure gold is currently appraised between $1800 to $2100.
Alternatively, the value of numismatic coins extends beyond their content purity and weight. Numismatic coins, like our Ed Moy Signature Series, are non-circulating and are excluded from the annual production process during which certain bullion coins are made available. They are defined not only by their rarity but by their cultural and historical significance as well. The more rare and significant the coin, the higher its value.
Here is a list of the top 10 most valued gold coins and other precious metal coins as of May 2022:
- 1849 Coronet Head Gold $20 Double Eagle valued at $17,906,612
- 1794 Flowing Hair Silver Dollar: Silver Plug valued at $11,769,083
- 1933 Saint Gaudens Gold $20 Double Eagle valued at $8,858,916
- 1822 Capped Bust Gold $5 Half Eagle valued at $8,360,337
- 1870-S Indian Princess Head Gold $3: Unique valued at $6,804,179
- 1804 Draped Bust Silver Dollar: First Reverse — Original — Class I $5,701,173
- 1913 Liberty Nickel $4,566,149
- 1854-S Coronet Head Gold $5 Half Eagle $4,564,745
- 1804 Turban Head Gold $10 Eagle: Plain 4 — Proof — Restrike $4,563,555
- 1907 Saint Gaudens Gold $20 Double Eagle: Ultra High Relief — Lettered Edge — MCMVII valued at $3,640,525
How Do I Buy Gold Coins?
The process of buying gold coins and other precious metal coins begins before a purchase is made. For bullion coins, investors should do their research, noting aspects like spot price to time their market entry and make sure they’re getting the best deal on their investment.
Investors may also ask themselves if it’s better to buy bullion coins or numismatic coins. This will depend on each individual’s investment goals. As with other asset classes, it’s usually a good idea for investors to diversify their holdings and help stabilize their portfolios.
Where Do I Buy Gold Coins?
So, where can you find gold coins for sale and other precious metal coins? Over 6,000 bullion coins have been produced from the U.S. Mint. Gold coins can be acquired online or in-person from a reputable dealer approved by the U.S. Mint to ensure you are receiving authentic items.
The U.S. Gold Bureau: Your Reputable, Licensed Dealer
As an authorized bulk purchaser of numismatic gold coins from the U.S. Mint, the U.S. Gold Bureau is your trusted gold dealer. We offer a wide range of inventory, from vintage coins from the early years of the U.S. Mint, to modern numismatic rarities, to bullion coins from sovereign mints around the world. ,
Regardless of the coin you're interested in, our Precious Metals Specialists have been extensively trained to bring complete integrity to our clients throughout their precious metals acquisition process. Unlike pawnshops and other outlets that may lack our industry expertise, the U.S. Gold Bureau can guarantee the origin, authenticity, purity, and quality of each product we offer.
Contact us today for more information on how to invest in some of the most valuable coins produced by the U.S. Mint or any of your precious metals purchasing needs.