A 1 oz gold bar usually costs less than a 1 oz gold coin. Both hold one troy ounce of gold, but coins carry a higher premium, which is the amount you pay above the spot price of gold.
What the premium is
Spot is the market price of one ounce of raw gold. Every bar or coin sells for spot plus a premium that covers making, packaging and distributing it. You can see today’s spot on our live gold price page and compare it with the price of any product.
Why coins cost more
Gold coins like the American Gold Eagle are struck by a national mint and carry a face value. More detailed minting and strong demand from collectors and first-time buyers push their premium up. Bars from refiners such as Valcambi and the Royal Canadian Mint are simpler to make, so more of your money goes into the gold itself.
Both hold 1 oz of gold
A 1 oz bar is usually .9999 fine gold. The American Gold Eagle is 22K, alloyed with a little silver and copper for durability, but it still contains a full troy ounce of gold. With the Eagle you are not getting less gold, you are paying more for the coin.
When to pick which
- Pick bars if you want the most gold for your money.
- Pick a coin if you want the most widely recognized product, or a gift.
- Either works in a self-directed IRA when it meets IRS rules. American Gold Eagles qualify even though they are 22K.
Compare current prices on our 1 oz gold bars and coins. Every order ships fully insured with FedEx or UPS.
