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
1998-W Eagle, PROOF PR69 DCAM PCGS United States, 5 Dollars, 1/10 Ounce
$187.50 (21 Bids)
Time Remaining: 3h 4m
1998-W $10 AMERICAN GOLD EAGLE PR70 NGC Ultra Cameo
Time Remaining: 20d 22h 10m
Buy It Now for only: $650.00
1998 W $50 Gold Eagle Proof PCGS PR 69 DCAM
Time Remaining: 2d 21h 27m
Buy It Now for only: $1,575.00
1998 $10 ONE QTR OUNCE PROOF GOLD EAGLE NGC PR70UCAM
Time Remaining: 7d 17h 20m
Buy It Now for only: $899.00
1998 W $25 Proof Gold Eagle NGC PF 70 PR 70 Ultra Cameo
Time Remaining: 29d 1h 44m
Buy It Now for only: $1,180.00
1998-W $50 Eagle PCGS PR70DCAM Perfect Deep Cameo American Gold Bullion Proof
Time Remaining: 28d 23m
Buy It Now for only: $3,779.00
1998-W $5 (1/10 oz) Proof Gold Eagle PCGS PR70 PF70 Deep Cameo Signature Series
Time Remaining: 16d 21h 33m
Buy It Now for only: $514.00
1998-W $10 PCGS PR70DCAM 1/4 OZ, GOLD American Eagle
Time Remaining: 23d 23h 5m
Buy It Now for only: $1,499.99
1998 W 1/4 OZ Gold Eagle Graded PR70 By NGC ULTRA CAMEO
Time Remaining: 25d 19h 48m
Buy It Now for only: $700.00