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 |
| 1 oz. | $570.00 | 10,000 | 35,000 | 6,318 |
| 1/2 oz. | $285.00 | 7,000 | 32,000 | 5,806 |
| 1/4 oz. | $150.00 | 11,000 | 36,000 | 9,935 |
| 1/10 oz. | $70.00 | 20,000 | 45,000 | 19,827 |
| 4 Coin Set | $999.00 | 25,000 | N/A | 19,568 |
1998 Proof Gold Eagles For Sale
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 1998-W PCGS PR70 Proof Gold Eagle - Tenth Ounce Gold (1/10 OZT) - $5 DCAM $349.00 Time Remaining: 1d 6h 33m |
 1998, PCGS PR-70DC. $10 GOLD EAGLES, PCGS =$950 $795.00 Time Remaining: 17d 11m Buy It Now for only: $795.00 |
 1998-W 4-COINS SET $50 $25 $10 $5 GOLD EAGLE NGC PR70 PROOF PF70 PF-70 $8,155.75 Time Remaining: 5h 39m Buy It Now for only: $8,155.75 |
 1998 W $25 PR69DCAM GOLD EAGLE PCGS PROOF COIN PR 69 $1,588.88 Time Remaining: 12d 2h 36m Buy It Now for only: $1,588.88 |
 Proof 1998-W $50 AMERICAN GOLD EAGLE PCGS PR70 DCAM 1oz US bullion Deep Cameo $4,852.29 Time Remaining: 6d 5h 47m Buy It Now for only: $4,852.29 |
 1998 $10 ONE QTR OUNCE PROOF GOLD EAGLE NGC PR70UCAM $899.00 Time Remaining: 28d 20h 34m Buy It Now for only: $899.00 |
 1998 W $10 PR69DCAM GOLD EAGLE PCGS PROOF COIN PR PF 69 $788.88 Time Remaining: 11d 19h 34m Buy It Now for only: $788.88 |
 1998-W $5 GOLD EAGLE 1/10 Oz. G$5 NGC PF70 PF-70 PROOF PR70 CAMEO $712.50 Time Remaining: 10d 15h 47m Buy It Now for only: $712.50 |
 1998-W $25 GOLD EAGLE 1/2 Oz. NGC PF70 PROOF COIN PR70 PF-70 !! $1,567.50 Time Remaining: 11d 7h 27m Buy It Now for only: $1,567.50 |