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 $10 NGC PF 70 1/4 oz American Gold Eagle (PR 70)
Time Remaining: 39m
1998-W $10 AMERICAN GOLD EAGLE PR70 NGC Ultra Cameo
Time Remaining: 6d 21h 9m
Buy It Now for only: $650.00
1998 $10 ONE QTR OUNCE PROOF GOLD EAGLE NGC PR70UCAM
Time Remaining: 23d 16h 18m
Buy It Now for only: $899.00
Certified Proof American Gold Eagle $50 1998-W PR70DCAM PCGS
Time Remaining: 5d 4h 7m
Buy It Now for only: $2,995.00
1998 W 1/4 OZ Gold Eagle Graded PR70 By NGC ULTRA CAMEO
Time Remaining: 11d 18h 46m
Buy It Now for only: $625.00
1998-W $50 GOLD EAGLE 1 Oz. NGC PF70 PROOF COIN PR70 PF-70 !!
Time Remaining: 15d 14h 58m
Buy It Now for only: $3,525.00
1998-W $10 PCGS PR70DCAM 1/4 OZ, GOLD American Eagle
Time Remaining: 9d 23h 6m
Buy It Now for only: $1,409.99
1998-W $5 (1/10 oz) Proof Gold Eagle PCGS PR70 PF70 Deep Cameo Signature Series
Time Remaining: 2d 21h 40m
Buy It Now for only: $425.00
1998-W Proof Gold Eagle 4 coin set PCGS PR70 PERFECT $5 $10 $25 $50 Proof PF70
Time Remaining: 26d 15h 19m
Buy It Now for only: $6,495.00