Once again, the United States Mint altered the details of the popular annual collectible American Gold Eagle offerings. The 1998 Proof Gold Eagle coins saw a decrease in the price levels for each product, as well as the maximum mintages.
The coins were scheduled to go on sale March 27, 1998. In the months leading up to the release, the market price of gold had experienced a decline from around $330 per ounce to a low around $280. The United States Mint used this opportunity to roll back pricing to the levels last seen for the 1995 Proof Gold Eagle.
Director of the United States Mint Philip N. Diehl touted the price adjustment in a press release, stating, "We looked at the substantial fall in gold prices in recent months and concluded that we needed to share these lower costs with our customers."
The price of the individual coins were reduced by $19 (one ounce), $14 (one half ounce), $9 (one quarter ounce), and $5 (one tenth ounce). The price of the four coin set containing each version of the 1998 Proof Gold Eagles was reduced by $26.
Meanwhile, the maximum mintage levels were adjusted once again. Despite a reduction in the previous year, final sales still remained below the maximum levels that had been established. The second reduction also failed to inspire additional sales. In fact, overall mintages for the one ounce, one-half ounce, and one-tenth ounce proof coins reached their lowest levels for the series to date.
1998 Proof Gold Eagle Prices, Limits, and Sales
|Product||Initial Price||Product Limit||Mintage Limit||Final Sales|
|4 Coin Set||$999.00||25,000||N/A||19,568|
1998 Proof Gold Eagles For Sale
2007-W 4 Coin Proof Gold Eagle Signature Set Director Philip Diehl PCGS PR70DCAM
Time Remaining: 5d 13h 51m
1998 W $50 GOLD EAGLE US MINT PROOF COIN! RARE KEY PCGS PR69 DEEP CAMEO! #2397
Time Remaining: 6d 23h 49m
Buy It Now for only: $1,977.77
1998-W Gold Eagle Proof PR69DCAM Stunning piece..nice strike PCGS
Time Remaining: 11d 6h 14m
Buy It Now for only: $204.95
Certified Proof American Gold Eagle $10 1998-W PR70 PCGS
Time Remaining: 1d 17h 38m
Buy It Now for only: $625.00
1998 W 1/4 OZ Gold Eagle Graded PR70 By NGC ULTRA CAMEO
Time Remaining: 27d 8h 18m
Buy It Now for only: $455.00
Certified Proof American Gold Eagle $5 1998-W PR70 PCGS
Time Remaining: 1d 17h 39m
Buy It Now for only: $395.00
2012-W PCGS PR70 First Strike Proof Gold Eagle 4 coin set PERFECT $5 $10 $25 $50
Time Remaining: 27d 6h 46m
Buy It Now for only: $4,595.00
1998-W $50 1 oz Proof Gold Eagle PCGS PR69DCAM**L@@K***L@@@K**
Time Remaining: 16d 16h 19m
Buy It Now for only: $1,600.00
1998 $10 ONE QTR OUNCE PROOF GOLD EAGLE NGC PR70UCAM
Time Remaining: 9d 5h 51m
Buy It Now for only: $899.00