After years of sales doldrums, the Gold Eagle roared to life in 1998 amidst concerns about a slowing American and global economy in the face of the dreaded Y2K threat. The Gold American Eagle coin’s 1 oz option in 1998 would set a then-record mintage level and finish with a total that stands today as the third highest of all time. Right now, the 1998 1 oz Gold American Eagle Coin is available to purchase online at Silver.com.
- Ships to you in a protective capsule.
- Thirteenth release of the American Gold Eagle bullion coin!
- Mintage limited to 1,468,530 coins only!
- Consists of One Troy ounce of actual gold content in BU condition.
- Bears a face value of $50 (USD) backed by the federal government.
- Obverse bears the image of Liberty from the $20 Gold Double Eagle.
- Reverse includes the American bald eagle design from Miley Busiek.
Each 1998 1 oz Gold American Eagle coin listed with Silver.com is in BU condition. Coins in this condition exhibit no signs of wear and tear, however, you might notice minor flaws ranging from breaks in the luster and spotted surfaces, to contact marks from the coining process at the mint.
In addition to the 1998 1 oz Gold American Eagle coin hitting a new record high in mintage, the 1/10 oz version of the gold bullion coin also surged to a then-all-time high for mintage itself. The 1/10 oz coin hit a mintage of 1.344 million coins in 1998. While Y2K and the Dotcom bubble burst were on everyone’s minds, gold prices didn’t reflect this concern.
Gold had dipped below $300 per ounce in 1997, closing at just $290.20 per ounce. In 1998, gold started around $285 per ounce and rose modestly to about $315 before falling to a low of $275 per ounce. Gold finished the year at $287.70 per ounce, down from 1997’s close.
The obverse of all 1998 1 oz American Gold Eagle coins includes the design of Liberty that was created in 1907 by Augustus Saint-Gaudens. He was approached by President Theodore Roosevelt in 1905 to help lead an initiative to overhaul the nation’s gold coin designs, and it all started with this impressive view of Liberty.
On the reverse of the American Gold Eagle coin you’ll find the image of a nesting family of bald eagles. The American bald eagle design on these coins is exclusive to the American Gold Eagle collection, and features a male eagle flying over the nest full of hatchlings that is being watched closely by a female eagle.
If you have any questions, don’t hesitate to ask. Silver.com customer service is available at 888-989-7223, online using our live chat, and via our email address. Our full catalog of gold coins for sale is available online at any time!