The basics
| Issued by | United States Mint, since 1986 |
|---|---|
| Purity | 22 karat, 91.67% gold, alloyed with silver and copper |
| Gold content | The 1 oz coin contains a full troy ounce of gold |
| Sizes and face values | 1 oz ($50), 1/2 oz ($25), 1/4 oz ($10), 1/10 oz ($5) |
| IRA-eligible | Yes, by name in the tax code |
Why 22 karat?
The small amount of silver and copper makes the coin harder and more scratch-resistant than pure 24-karat gold. Because the coin is slightly heavier overall, it still contains exactly one ounce of gold. You're not getting less gold than in a 99.99% coin of the same size.
Why it's allowed in an IRA
IRA gold normally has to be at least 99.5% pure. The Gold Eagle is below that, but the law specifically permits gold coins minted by the US Treasury under the relevant statute, so it qualifies. Similar 22-karat coins from other countries, such as the Krugerrand, do not. See our IRS-approved list.
Our recommended provider's free kit lists the IRA-eligible gold coins it offers and explains rollovers. Best fit if you have $50,000 or more to diversify.
Request the Free KitWhat you'll pay
Gold Eagles usually cost more over spot than foreign bullion coins like the Maple Leaf, because of demand and the US Mint's pricing to its dealers. Fractional sizes cost more per ounce than the 1 oz coin. Compare the premium per ounce before choosing, and check our gold coins guide for alternatives.
Bullion, burnished and proof
- Bullion: the standard investment version, priced closest to the gold value.
- Burnished and proof: collector finishes sold directly by the Mint at much higher prices. Some are IRA-eligible, but the extra cost is rarely recovered when you sell. See proof vs bullion.
Design change in 2021
The US Mint introduced a new reverse design in 2021, often called Type 2. Both designs contain the same gold and are equally IRA-eligible. For investment purposes, the design doesn't matter.