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 $5 GOLD EAGLE 1/10 Oz. G$5 NGC PF70 PF-70 PROOF PR70 CAMEO
Time Remaining: 6d 14h 27m
Buy It Now for only: $695.00
1998-W Eagle, PROOF, PCGS PR 69, US, 5 Dollars, 1/10 Ounce, Fine Gold Coin
Time Remaining: 1d 12h 45m
Buy It Now for only: $189.00
1998-W NGC PF70 UCAM $50 PROOF GOLD EAGLE 1 Ounce PR Ultra Cameo West Point
Time Remaining: 25d 16h 6m
Buy It Now for only: $2,474.90
1998-W $5 GOLD AMERICAN EAGLE 1/10OZ COIN PR69 DCAM PCGS US MINT DIRECTOR SERIES
Time Remaining: 7d 18h 9m
1998 $10 ONE QTR OUNCE PROOF GOLD EAGLE NGC PR70UCAM
Time Remaining: 3d 14h 1m
Buy It Now for only: $899.00
1998-W NGC PF70 UCAM $5 PROOF GOLD EAGLE 1/10 Ounce PR Ultra Cameo West Point
Time Remaining: 3d 19h 39m
Buy It Now for only: $419.00
1998-W $50 Eagle PCGS PR70DCAM Deep Cameo American Gold Proof 1 ounce 22KT
Time Remaining: 21d 17h 24m
Buy It Now for only: $3,179.00
1998-W NGC PF70 UCAM $10 PROOF GOLD EAGLE 1/4 Ounce PR Ultra Cameo West Point
Time Remaining: 11d 19h 13m
Buy It Now for only: $681.23
1998-W 1/4 oz Proof Gold American Eagle PR-70 PCGS - SKU # 47896
Time Remaining: 11d 19h 16m
Buy It Now for only: $709.22