2010 Proof American Gold Eagle Coins Launch October 7

by CoinNews.net on September 17, 2010 · 6 comments

2010 Proof American Gold Eagle Coin

The United States Mint has announced that the 2010 American Eagle Gold Proof Coin series will go on sale Thursday, October 7, 2010, at 12:00 noon Eastern Time. The news is welcome to coin collectors who remember that last year’s proof eagles were canceled.

The US Mint will offer four different sizes of the 22-karat gold coins, with each at different price points and with their own mintage limits. Additionally, buyers can purchase a four-coin set that includes all the eagles in a single attractive presentation case.

2010 Proof Gold Eagle sizes include one-ounce, half-ounce, quarter-ounce and tenth-ounce. The Mint began producing the the coins earlier this month. While no per household limits will be in place, the following table provides the official mintage limits for each gold piece and the four-coin set:

  PRODUCT
LIMIT
MINTAGE
LIMIT
1 Ounce Gold Eagle 25,000 64,000
1/2 Ounce Gold Eagle 15,000 54,000
1/4 Ounce Gold Eagle 16,000 55,000
1/10 Ounce Gold Eagle 27,000 66,000
Four-Coin Set 39,000 N/A

 

As gold numismatic or collector offerings, pricing for each coin will be based primarily on the prevailing cost of gold. The London Fix gold average from Thursday, September 30, to Wednesday, October 6 will be used. As of this writing, the spot price of gold is hovering around $1276 an ounce. The following table from the US mint coin pricing guide provides possible prices for the coins based on surrounding gold averages:

Average Price of Gold 2010 Proof Gold Eagle Size 2010 Proof Gold Eagle Price
 
$1200.00
to
$1249.99
1 oz $1485.00
1/2 oz $756.00
1/4 oz $390.50
1/10 oz $170.50
4 coins $2753.00
 
     
$1250.00
to
$1299.99
1 oz $1535.00
1/2 oz $781.00
1/4 oz $403.00
1/10 oz $175.50
4 coins $2845.50
 
     
$1300.00
to
$1349.99
1 oz $1585.00
1/2 oz $806.00
1/4 oz $415.50
1/10 oz $180.50
4 coins $2938.00

 

When available, orders can be placed at the Mint’s Web site (http://www.usmint.gov/catalog) or by calling 1-800-USA-MINT (872-6468).

{ 5 comments… read them below or add one }

jimmy September 17, 2010 at 12:59 pm

my guess is the third one will be implemented. by next two to three weeks. gold should be average around $1,300.00 to $1,349.99.

jimmy September 17, 2010 at 2:38 pm

15,000 product limit for 1/2 oz gold. not 5,000.

merlin September 18, 2010 at 1:45 pm

jimmy needs glasses

jimmy September 18, 2010 at 10:07 pm

me need glasses. the author change the figure from 5,000 to 15,000.

merlin September 20, 2010 at 5:22 pm

guy’s probably a dealer, trying to sneak the 5 in,

My error on you, sorry, either way you GOT HIM !!!

Leave a Comment