The 2008 Proof Gold Eagles were released during a turbulent year for precious metals prices and significant uncertainty in the global financial landscape. These factors combined to result in extremely low sales across all product options.
Sales for the individual proof coins and four coin set began at the US Mint on March 4, 2008. The initial pricing for the coins was significantly higher than the previous year, reflecting the strong performance of gold. The individual one ounce proof coins were priced at $1,199.95 each, compared to initial pricing of $789.95 in the prior year. Other ordering options were priced similarly higher.
For the most part, the US Mint retained the same product limits and maximum mintages as the prior year. The one exception was for the individual one ounce coin, which had the limit increased from 18,000 to 25,000 units.
Shortly after the start of sales, the market price of gold extended to a temporary peak above $1,000 per ounce. In the following months, the price would drop significantly finally bottoming in October at just under $700 per ounce. During this entire decline, pricing for the coins remained the same, providing a disincentive to buyers. Prices were finally adjusted late in the year, resulting in sell outs of the US Mint's remaining inventory. None of the products came close to their product limits, but rather sold out after the US Mint's inventory had been sold.
The final mintages for the 2008 Proof Gold Eagles ended up at historic lows. The tenth ounce, quarter ounce, and half ounce coins marked all time lows for proof Gold Eagles of their respective denominations. This is based on total mintages counting both individual and set sales.
2008 Proof Gold Eagle Prices, Limits, and Sales
|Product||Initial Price||Product Limit||Mintage Limit||Final Sales|
|4 Coin Set||$2,199.95||35,000||N/A||12,517|
2008 Proof Gold Eagles For Sale
2008-W $50 Dollar ONE Ounce Gold Eagle (PR-70 DCAM) PCGS! PURRRRFECT COIN!!
$1,052.55 (4 Bids)
Time Remaining: 5d 19h 36m
2008-W $25 Gold Eagle PCGS PR70DCAM Proof Saint Gaudens Label
Time Remaining: 24d 11h 13m
Buy It Now for only: $1,050.00
2008 W $5 GOLD EAGLE 1/10 OZ COIN PCGS PR70 DCAM - PERFECT & RARE !!
Time Remaining: 8d 6h 1m
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2008-W $10 American Gold Eagle PR70 DCAM PCGS
Time Remaining: 11d 16h 27m
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2008-W $50 Eagle PCGS PR70DCAM Deep Cameo Gold Bullion Proof coin Diehl Label
Time Remaining: 9d 14h 15m
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2008-W $50 GOLD EAGLE 1 Oz. NGC PF70 PROOF PR70 CAMEO SCARCE DATE !
Time Remaining: 9d 18h 9m
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2008-W PCGS PR70 DCAM $50 GOLD American EAGLE 1 Ounce gold PF West Point Proof
Time Remaining: 27d 9h 17m
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2008-W $5 GOLD EAGLE 1/10 Oz. G$5 NGC PF70 PF-70 PROOF PR70 CAMEO
Time Remaining: 19d 6h 43m
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2008-W Gold Eagle $50 PCGS PR 69 DCAM - American Gold Eagle AGE
Time Remaining: 15h 55m
Buy It Now for only: $1,990.00