The 1986 gold eagles have value as both numismatic coins and as gold bullion. Keep reading to learn more about these coins.

1986 Gold Eagle

Specifications

Type: American Gold Eagle
Year: 1986
Face Value: $50.00
Composition: 91.67% gold, 5.33% copper, 3% silver
Total Weight: 33.931 grams
Total Gold Weight: 1 oz.
Current Gold Bullion Value: $1,774.40

1986 was the first year that the American gold eagles were released. The US minted the 1986 gold eagle with no mint mark as an uncirculated coin and also the 1986 W proof gold eagle. The mint mark, when present, can be found on the obverse side of the coin below the "MCMLXXXVI" inscription.

Proof coins are essentially coins that have more detail. They are minted on special planchets and it takes longer to produce them. Each proof coin originally comes in a US Mint issued velvet box and a certificate of authorization (COA).

Series Location Quantity Minted
1986 Philadelphia 1,362,650
1986 W Proof West Point 446,290

Value

This coin, regardless of condition, is worth at least its weight in gold. The current spot price of gold is $1,774.40 per ounce as of July 04, 2020. Therefore $1,774.40 is the current melt value of this coin.

The 1986 gold eagle with no mint mark is worth a small premium above its gold melt value in uncirculated condition.

The 1986 W proof gold eagle is worth a larger premium above its gold melt value in proof condition.

 

Sources:

The Red Book