The 1/10 oz Proof Gold Eagle is a fractional-ounce version of the American Gold Eagle, a highly popular coin for both collectors and investors.1 As a proof coin, its value is tied not only to its gold content but also to its collectible nature.2
Key Characteristics:
- Proof Condition: This coin is produced with special, polished dies and struck multiple times to give it a beautiful, mirror-like finish in the background (the field) and a frosted, detailed finish on the raised design elements (the devices).3 This is in contrast to the standard bullion version, which has a more uniform, matte finish.
- Weight and Purity: The coin contains exactly one-tenth of a troy ounce of gold.4 It is minted from 22 karat gold (.9167 fine), a durable alloy that includes small amounts of silver and copper.5 Its face value is $5, though its market value is based on its gold content and numismatic value.6
- Box/COA (Certificate of Authenticity): The coin is sold in its original government packaging (OGP), which includes a protective plastic capsule and a velvet presentation box.7 It is also accompanied by a Certificate of Authenticity from the U.S. Mint, guaranteeing its weight, purity, and origin.8
- Designs:
- Obverse (Front): Features a smaller version of the iconic “Lady Liberty” design by Augustus Saint-Gaudens, originally used on the pre-1933 Gold Double Eagle.9
- Reverse (Back): The reverse design has two main types:
- Type 1 (1988-2021): A design by Miley Busiek showing a family of eagles.10
- Type 2 (2021-Present):11 A new, more detailed “head of an eagle” design by Jennie Norris.12
- Year Varies: This means the specific year of the coin you receive will be a random selection from the dealer’s available inventory.13 Since the reverse design changed in 2021, a “Year Varies” coin could be either a Type 1 or Type 2 design.
Investment and Collectibility:
- Lower Price Point: The 1/10 oz size makes it one of the most accessible and affordable ways to own a genuine American Gold Eagle, perfect for new investors or as a gift.14
- Higher Premium: Proof coins typically carry a much higher premium over the gold spot price than their bullion counterparts.15 This premium is a reflection of their limited mintage, specialized production process, and collector demand.
- IRA Eligibility: The 1/10 oz Proof Gold Eagle is an eligible asset for a Precious Metals IRA, as it is a government-minted coin that meets the necessary standards.16
- Liquidity: While not as liquid as the standard bullion version, the 1/10 oz Proof Gold Eagle is still easily bought and sold through reputable dealers. Its original box and COA are crucial for maintaining its collectible value.
