Proof Gold Eagles

The United States States Mint has annually offered one or more proof versions of the American Gold Eagle for collectors. These coins carry a high quality, deep cameo proof finish and contain their stated weight in pure gold. The beauty and intrinsic value of the Proof Gold Eagles have made them a popular area for collecting since their introduction in 1986.

Proof Gold Eagle

The obverse of the coin is based on Augustus Saint Gaudens' design for the gold double eagle, which was produced for circulation from 1907 to 1933. The full figure of Liberty appears carrying a lit torch and olive branch. In the background are the rays of the rising sun and the U.S. Capitol building. There are fifty stars surrounding the image with the date and mint mark positioned in the right field.

The reverse design was specially created for the series by Miley Busiek. It features a male bald eagle carrying an olive branch to a nest containing a female eagle and eaglets. The inscriptions indicate the weight of the gold content and the nominal legal tender face value of the coin.

Typically, the United States Mint has offered Proof Gold Eagle coins in four different sizes. This has included one ounce coins with a denomination of $50, one-half ounce coin with a denomination of $25, one-quarter ounce coins with a denomination of $10, and one-tenth ounce coins with a denomination of $10. These have been sold individually or as part of a complete four coin set.

Production of the coins has taken place at either the Philadelphia or West Point Mint, and the mint mark of "P" or "W" is used accordingly.

In 2006, the US Mint celebrated the 20th Anniversary of the series by issuing a special set. This contained one ounce proof, uncirculated, and reverse proof versions of the American Gold Eagle. This set was well received by collectors due to the inclusion of the first and only reverse proof coin of the series and the limited release of only 10,000 sets.

In recent years, the mintage levels for the Proof Gold Eagles have declined, perhaps setting the stage for some later appreciation for the scarcer dates.