The United States Mint launched their Proof 2010 American Eagle Gold coins Thursday, October 7, 2010, at noon Eastern Time.
The 22 karat gold collector coins are priced according to the Mint's pricing schedule for numismatic gold products, which they have been using since early 2009. Collectors and gold enthusiasts who want the first strikes will have to shell out a hefty sum of money, as the table of introduction prices shows below:
American Eagle Gold Coin PricesFour Coin Set Proof Gold EaglesIn order for prices to go up or down, the London Fix weekly average price of an ounce of gold will have to move outside of the current range, which is between $1,300 and $1,349.99. Typically, the average is calculated every Wednesday, and if the Mint adjusts their prices, they normally do it by noon Eastern Time.
Last year, the Mint was not able to produce the collector proof eagles due to the high volume of orders for the bullion versions. Law requires the Mint to strike bullion coins in quantities to meet public demand, and there was not enough available blanks to produce both kinds in 2009.
A few months ago, however, demand for bullion Gold Eagles slowed, leaving time and available gold coin blanks. In fact, production kicked off by early September, with the official press release announcing the eagles revealing their limited mintages. The chart shown below illustrates:
Orders can be placed by going to the United States Mint's Web site (http://catalog.usmint.gov/) or by calling their toll-free number, 1-800-USA-MINT (872-6468). There are no household limits in place, and no mail orders will be accepted due to possible price fluctuations.
The gold coins are shipped in a blue velvet and satin-lined presentation case. Each case will have a Certificate of Authenticity signed by the Mint Director, Edmund Moy.
The proof quality of the polished coins means the sharp relief images will appear frosted on a mirror-like background. The obverse features the familiar full-length image of Liberty. The reverse design was created by sculptor Miley Frances Busiek and features a male eagle carrying an olive branch while flying above a nest with a female eagle and her eaglets.
Last Monday the Mint announced it will begin selling the 2010 Silver Eagle Proof coins on November 19, 2010 at 12 PM noon Eastern Time.
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2010 Proof American Gold Eagle Opening Prices2010 American Eagle Gold Proof Coins in the NewsTagged as: American Eagle Gold Coins
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