Eagles are considered bullion, so they are worth their face value plus a price over spot. Spot is the term for the price at which gold trades in its raw state over a 2 day period. Spot is the standard for the cost of the most precious of all precious metals.

As a usual practice, the Mint creates four weights: 1/10-oz, 1/4-oz, 1/2-oz, and 1-oz. But the Mint has not released any American Eagle Gold coins other than the 1 oz this year, and probably won't until close to 2010.

The 1-oz item is easily the largest coin by weight of all the coins. In certain years, the 1/10-oz Gold Eagles outsold the 1-oz coins, but if determined by weight, the 1-oz Eagles are the most popular.

The one-ounce Eagle is worth $50 as it is minted. This means that in theory the coin could be exchanged for $50 worth of goods. But, since eagles sell at prices slightly above the spot price of  gold (currently hovering around $1,000 per ounce), the coin's worth is actually a lot higher than its stated value of $50.

Presently, one-ounce Gold Eagle Coins are the most popular gold bullion coin in the U.S.A., making up over 80% of all products that are offered. Almost 12 million of these coins have sold between 1986 and the present. In 2008, the Mint sold more than 700,000 of these coins, and are expected to sell almost 1,000,000 of them this year. American Gold Eagle coins have become extremely popular with the general public since people have started to realize the financial intelligence of owning silver and gold.

Of course, no one is very happy with the financial state of the country right now, however anyone who was smart enough to own some American gold bullion coins in their portfolio, should find themselves more financially stable than are the people who elected not to have gold, silver or platinum bullion encompass a portion of their investment package.

Traders said gold was forming new bases, resulting in higher gains.

Gold priced at $810.70/811.90 (U.S.) on New York's final trade at 2:15 p.m. EDT, up from $799.65/801.05 at the U.S. market closed Monday. Precious metals started the session lower, slumping to a session low of $782.05.

The dollar was weak across the market as U.S. stocks fell while investors took profits on the dollar's recent gains. The greenback's slump triggered broad-based rallies in commodities and crude.

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