The American Eagle product is a legal tender Gold Bullion Coin which offers investors the potential for numismatic appreciation over time, in addition to an investment in the precious metal itself. The availability of this coins is quite limited.
This gold coin is made from 1.09 troy ounce of 916.7 gold (equivalent to 1oz of 999.9 purity) and minted by US Mint. This legal tender is guaranteed by a government rather than refinery which made them universally recognized and easy to resell. The face value of the coin is Fifty US Dollar (USD50). The 916.7 purity is equivalent to 22 carats. This coin is therefore very popular for the investment market.