2022-W Proof American Gold Eagles Launch

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Five new products debut at noon ET from the United States Mint as part of its line-up of 2022-W Proof American Gold Eagles. They include individual 1 oz., 1/2 oz., 1/4 oz. and 1/10 oz coins as well as a four-coin set which contains one of each.

2022-W $50 Proof American Gold Eagle - Obverse and Reverse
2022-W $50 Proof American Gold Eagle – Obverse and Reverse

Composed in 22-karat gold, every one of them is produced at the West Point Mint as a proof quality numismatic version of the U.S. Mint’s American Gold Eagle bullion coins. Proofs are the highest quality coins struck by the Mint. They feature frosted designs and mirror-like backgrounds.

Each proof Gold Eagle carries new designs introduced last year as part of the U.S. Mint’s 35th anniversary refresh of the series. For those following the program, 2021 saw two design versions of the coins, the original or classic (Type 1) and its successor (Type 2). Type 2’s offer a refreshed obverse (heads side) and an all-new reverse (tails side). 2022 American Gold Eagles continue the type 2 imagery.

2021-W $5 Proof American Gold Eagles - Type 1 and Type 2
This CoinNews photo shows reverses (tails side) of a Type 1 and Type 2 2021-W $5 Proof American Gold Eagle. This year’s 2022-W Proof American Gold Eagles will feature the newer, Type 2 designs.

Designs and Specifications

Obverses still feature Augustus Saint-Gaudens’ full-length figure of Liberty with flowing hair, holding a torch in her right hand and an olive branch in her left. The image has appeared on Gold Eagles since their 1986 debut but was first seen on 1907-1933 $20 Gold Coins. As part of its refresh last year, the U.S. Mint returned to its original historical assets to render a closer reflection of Saint-Gaudens’ original vision and detail.

Obverse inscriptions include "LIBERTY" and "2022." In addition, the mintmark of "W" appears on the obverse indicating each coin’s production at the West Point Mint.

Obverse (heads side) imagery of the gold coin
Obverse (heads side) imagery of the gold coins

Reverses offer the new portrait of an eagle, as created by U.S. Mint Artistic Infusion Program (AIP) designer Jennie Norris and sculpted by Mint Medallic Artist Renata Gordon.

Reverse (tails side) imagery of the gold coins
Reverse (tails side) imagery of the gold coins

Reverse inscriptions include "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," "IN GOD WE TRUST," the artists’ initials, the coin’s legal tender face value, and the coin’s precious metal weight.

American Eagle Gold Coin Specifications

$50 $25 $10 $5
Composition 22 Karat Gold (91.67% Gold
3.0% Silver
Balance Copper)
Weight 1.0909 troy oz.
(33.931 grams)
0.5455 troy oz.
(16.966 grams)
0.2727 troy oz.
(8.483 grams)
.1091 troy oz.
(3.393 grams)
Diameter 1.287 inches
(32.70 mm)
1.063 inches
(27.00 mm)
0.866 inch
(22.00 mm)
0.650 inch
(16.50 mm)
Edge Reeded Edge Variation Reeded Edge
Thickness 0.113 inch
(2.87 mm)
0.085 inch
(2.15 mm)
0.070 inch
(1.78 mm)
0.049 inch
(1.26 mm)

 

As shown, the 1-ounce coin features anti-counterfeit variable reeding on the edge. The fractional sizes do not.

Limits, Prices and Ordering

2022-W Proof American Gold Eagles and the four-coin set of them are available from the U.S. Mint’s online page of gold coins, located here.

Each option has the listed product, mintage limit and price as shown below:

Product Option Product Limit Mintage Limit Price*
2022 $50 American Eagle Gold Proof Coin (1 oz.) 6,000 16,000 $2,850.00
2022 $25 American Eagle Gold Proof Coin (1/2 oz.) 2,000 12,000 $1,450.00
2022 $10 American Eagle Gold Proof Coin (1/4 oz.) 4,500 14,500 $752.50
2022 $5 American Eagle Gold Proof Coin (1/10 oz.) 14,000 24,000 $330.00
2022 American Eagle Gold Proof Coins (Four-Coin Set) 10,000 N/A $5,332.50

 

Prices can adjust weekly based on the Mint’s precious metals coin pricing matrix. As of Thursday morning, the Mint’s published gold coin prices are based on an average of LBMA gold that is within $1,950.00 to $1,999.99 an ounce. LBMA gold prices have been under $1,950 an ounce for a couple days in a row now.

In addition, an initial household order limit of one per product has been established by the U.S. Mint for the first 24 hours from the on-sale time

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Kaiser Wilhelm

Maybe I hadn’t look at those coins closely enough, but that is one fierce looking eagle!

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

I have no idea what your talking about let me finish my code red and attempt to process this

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SENZA

.

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Kaiser Wilhelm

SENZA,

Your strike force leader is way hotter than mine; not fair! I’ll have to see that and raise you the first female pilot in the Blue Angels C-135 Fat Albert crew!

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

I bet she runs hot with those dark glasses on – I can see her and Russia from here

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Kaiser Wilhelm

SENZA,

If you can see Russia from there you must be in a comfy rocking chair on a porch in Alaska spending some pleasant quality time with a certain former VP candidate whose initials are S.P., the one who contrary to her protestations to the contrary famously never read a newspaper – or likely any other such source of possibly useful information – in her entire empty-headed life. All I can say is the conversation must be downright scintillating!

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Larry T

Oh it’s a fierce bird alright (do I have to pay Mike Mezack a royalty for saying that?) I’m going to buy the 1/10th oz coin, unless they sell out really fast. I’ll see.

SENZA

I usually buy it too but I’m just not feeling it this time – it’s funny how the price can keep going up for them but it’s going down for us – let’s not forget the whole point was that Gold was a store of value and that is definitely no longer true

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Last edited 2 months ago by SENZA
Kaiser Wilhelm

SENZA,

I agree 100%. Just to break even takes a string of good luck over a span of years!

Kaiser Wilhelm

But wait…there’s more!

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SENZA

Biden is just the kind of clown who might do it too

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Kaiser Wilhelm

It will have to be private gold since Drumpf already shipped the nation’s treasures to his KGB master’s bank vault in the Cayman Islands god knows when. What a coup for Russian Intelligence to have turned an American Chief of State!

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Larry T

Maybe you should see your Doctor today. Your delusional rants are becoming concerning, or maybe lay off the MSNBC for awhile. We all know you despise Mr. Trump but none of us believe you know Mr. Trump! Kaiser, it sounds like you are simply jealous of all his accomplishments and possessions. Am I right?

morgan

What accomplishments? Oh, yeah, right. We’re all jealous we haven’t gone bankrupt, haven’t stiffed our employees and contractors, and haven’t lied endlessly every day for the last two decades.

Rich

What about the chants: “Build that Wall” “Lock Her Up” “Where’s Hunter” “We Love You” “America First” “USA, USA, USA, USA” ????

Rich

“Certified G” and “Bonafide Stud”

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Last edited 2 months ago by Rich
Kaiser Wilhelm

Good Sir Rich and morgan,

Thanks. guys, for providing a bit of a reality check; always helpful.

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SENZA

This should help

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Kaiser Wilhelm

As always, SENZA, you come through with a real beauty!

Speaking of which, the dead guy on the left wanted everybody else’s daughter; the might as well be dead guy on the right just wanted his own. It’s still a toss up as to which was/is the bigger pervert.

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Kaiser Wilhelm

Larry,

I guess I should consider myself lucky that this time you didn’t accuse me of “probably being a Jew.”

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Last edited 2 months ago by Kaiser Wilhelm
Jeff Legan

Hi Larry T, If you were paying attention as Trump was trying to destroy NATO (He literally tried to pull us out of it. I wonder, who would could possibly benefit from that?), saw the fan letter Trump wrote to Putin in 2007, and the way Trump acted at the press conference in 2018 with Putin in Helsinki after meeting for 2 hours one-on-one (WTF!), you might not be so quick to dismiss. Trump and the Russian Government are the only ones who know what they discussed for 2 hours, Trump never briefed anyone in our government on what was… Read more »

Kaiser Wilhelm

I just want to thank you, Jeff, for taking the interest, the time and the effort to lay out not just a thorough but if I may be allowed to say so very convincing argument that Donald Trump is at least in spirit if not also in fact a Russian sleeper agent. Personally I believe this situation dates back primarily if not even specifically to the time he spent in Moscow while supposedly making the arrangements and laying the groundwork for a major Trump Hotel undertaking and/or establishment there. It’s my guess that either this entire enterprise was just a… Read more »

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Last edited 2 months ago by Kaiser Wilhelm
Jeff Legan

You are welcome, Kaiser Wilhelm. I do not see Trump as a complex individual with complex motives, so I doubt your cover theory. Still possible, though. I am guessing your honey pot theory involves something like Trump in a compromising position and photo’s? I do not think that would work on him unless it happened during or after his Presidency. My theory is he accepted a secret loan (under who knows what terms) from the Russian Government/Putin sometime between 2010-2015 (because banks were refusing to loan to him anymore) and used part or all of the money to buy and… Read more »

Larry T

Senza,

I feel your pain. I decided to collect the 1/10th oz AGE for a few years.I know paying $330 for it is a bit stupid, but I figure I’ll be saving money this year by only getting a couple of the ASE’s, assuming they have enough planchettes. I’m not interested in paying $5332.50 for the 4-Coin set, but apparently some didn’t have a problem paying $2882/oz for the gold content. Amazing and it sold out.

SENZA

It’s not stupid – it’s a personal choice that just doesn’t work for me this time around but I know your going to enjoy your coin and I hope you got free shipping

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Larry T

No such luck Senza, they hit me with the shipping. I believe you have to place 3 orders before the free shipping kicks in and this was my 1st order. What’s a collector to do these days.

SENZA

Last time I checked it was still available my trigger finger is itching

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Kaiser Wilhelm

SENZA,

You can holster that finger now that the gold coin cupboard is bare.

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SENZA

Oh my

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Kaiser Wilhelm

Larry,

Enrollment orders not only ship for free but in addition count towards the three shipments you need to get free shipping.

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Kaiser Wilhelm

Larry,

The fact that it sold out shows that buying it was not a dumb idea at all!

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Kaiser Wilhelm

Larry,

Mike “I’m So Caffeinated I’m Taking Off” Mezack gets royalties for everything!

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Last edited 2 months ago by Kaiser Wilhelm
Mike Petraitis

Four piece set is no available after only five minutes.

SENZA

WoW

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Kaiser Wilhelm

Mike,

Not at all surprising. The people with the most moolah don’t hesitate when buying!

Andy

$5300 4 coin set sold out in 6 minutes. $2000 premium over gold and probably double the gold content by the time it’s in a first day of issue PR70 holder. With all the gold coins available near melt only fools buy these.

Major D

Yes, this isn’t coin collecting. This is speculating that you can flip to someone that wants to adorn their yacht with party favors.

Rich

Allan, Major D and SENZA:
With the outrageously high premiums the Mint is charging for the “collector” version Proof and Uncirculated American Eagle Gold, Silver, Platinum and Palladium coins, its perhaps advisable to purchase the Bullion (Business Strike) versions of these coins from an “investor/investment” standpoint if you want the more recent precious metal American Eagle coin release, IMHO.

Kaiser Wilhelm

But Good Sir Rich, if collecting coins is the principle reason for acquiring an assortment of coins, wouldn’t the collector version be the right one to get?

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Last edited 2 months ago by Kaiser Wilhelm
Rich

Yes, Sir Kaiser, they are. You are correct on this point, and the prices are what they are. And of course when we are talking about the most recent, current releases then the price you pay to the Mint is the best price you can get at the time (compared to getting from the dealers and ebayers).

SENZA

Absolutely

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Kaiser Wilhelm

SENZA and Good Sir Rich,

It appears to me that perhaps you have both elected to join the Bullion Party.

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Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

SENZA and Good Sir Rich,

However, as one of my local cousins has frequently been known to say, “Not that there’s anything wrong with that.”

Last edited 2 months ago by Kaiser Wilhelm
SENZA

He answered himself again

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Kaiser Wilhelm

Major,

Be honest now, would you want guests visiting your half billion dollar yacht and then take their leave without five grand or so worth of trinkets in their pocket?

Last edited 2 months ago by Kaiser Wilhelm
Major D

How else would Trump get his gold toilet seat?

Kaiser Wilhelm

Sheesh, Major D, under no conditions let Larry know you said that!

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

They just went to dealers who can return them if they don’t sell them – a luxury they do not afford to us

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Kaiser Wilhelm

Absolutely, SENZA. The Mint’s Big Buyers can return stuff “whenever” if they want.

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Last edited 2 months ago by Kaiser Wilhelm
Rich

And double that again if its in an Advance Releases PR70 holder.

Kaiser Wilhelm

Good Sir Rich,

I find it so ironic and perversely humorous that “Advance Release” is in fact the Mint’s way of saying these were sold to the dealers before we had a chance to vie for them and additionally were subtracted from the quantity available to us.

Kaiser Wilhelm

Andy,

These “fools” are the ones who make the most money yet manage to pay the least taxes. That is why they have the extra cash to buy stuff like this at the drop of a hat.

Last edited 2 months ago by Kaiser Wilhelm
SENZA

Still available 30 minutes after launch and $20 more than last year while no one is even interested in paying last years price – I’m not buying Gold that nobody wants – Gold and Silver are no longer due to manipulation by the US Government and it’s partners on Wall Street

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SENZA

2022 US Mint Gold – “THEY” RUINED GOLD AND DOING A GOOD JOB OF THE SAME WITH SILVER

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Kaiser Wilhelm

SENZA,

A double scoop for you. Outing the Mint’s nefarious and destructive precious metal practices and orchestrating another command performance of Mr. No himself!

Last edited 2 months ago by Kaiser Wilhelm
SENZA

.

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Kaiser Wilhelm

Oh lord, SENZA, the unholy wrath of one very ardent Trumpist or another will imminently be upon you!

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Last edited 2 months ago by Kaiser Wilhelm
Antonio

There’s gold in them thar hills!

SENZA

Goldilocks

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Kaiser Wilhelm

Ah yes, SENZA, one of the ways to come into money without working for it.

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

Oooh! That’s a good one

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Rich

Sales update: The 4-coin set and the 1/2 ounce coins sold out/not available (“Remind Me”) in just under 5 minutes (4-coin set product limit = 10,000; 1/2 ounce product limit = 2,000). The 1 ounce and 1/4 ounce coins went into “Back Order” status in just under 9 minutes, with 1 oz data available = 1,652 and 1/4 oz data available = 595 at 12:30 ET (1 ounce product limit = 6,000 and 1/4 ounce product limit = 4,500). The 1/10 ounce coins are still available “Add to Bag” with data available = 7,974 at 12:30 ET (product limit =… Read more »

SENZA

Wow thanks for all of that Rich,

I’m sure it will sell out but I have Gold for sale at last years prices and nobody wants it so I’m not adding to that losing equation

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Kaiser Wilhelm

How about we skip the math and thereby fend off some of the impending gloom.

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SENZA

Uh Umm not sure what my purpose would be without the gloom but I will work on it

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Kaiser Wilhelm

SENZA,

I have no doubt you will be able to find a whole new reason to live!

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Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

Thanks as always, Good Sir Rich, for your simply splendid sales status summary!

SENZA

As the Code Red surges thru my veins I suddenly get it and yeah even the Bird looks pissed at these prices and the manipulation.

All that is missing is for NGC to slip a $50 to an illegal running one of the stamping presses to switch dies or pull some “Shenanigans” and produce a super rare hybrid that ONLY NGC happens to receive so they can slab it with some smoke, ashes, food crumbs and hair and call it a new wonder of the World – IT’S ALL SO OBVIOUS NOW

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Rich

And don’t forget to include adding dead cricket remains.
Cue the crickets (awkward silence)…

Antonio

When I was in the army, there were roaches outside my window (not cock roaches).

SENZA

I bet it wasn’t papa roach either https://www.youtube.com/watch?v=j0lSpNtjPM8

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Kaiser Wilhelm

SENZA,

Even the roaches are content to fire up a roach every now and then.

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Kaiser Wilhelm

When they’re out of roaches they open a can of Hormel Hash and smoke it.

Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

Don’t ever say the cricket is kaput in India; the populace would be inconsolable.

Even the gold coin collectors.

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

Absolutely Rich,

I was so impressed with your find I saved it for future reference – I wonder if it could be a small Alien

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JWP

These prices really stink

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SENZA

$1450.00 for a half ounce of watered down 91% Gold

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Kaiser Wilhelm

To high heaven, JWP, to high heaven.

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Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

“Smoke, ashes, food crumbs and hair.” Not only is that an intrinsically brilliant description, SENZA, it’s also frighteningly close to the sadly unfortunate truth. Yikes!

Adam L

I managed to get the 1/2 ounce one in about 2-3 minutes. I only bought the 1/2 ounce last year. I submitted 2021 to PCGS and got a PF70DCAM.

Rooster

Nothing better than that! The last time I sent in coins for grading was in 2010. I got turned off on the costs but sure is nice getting the top grade.

Adam L

Hey Rooster. I definitely agree with you on the price of grading. I like taking them to the shows so I don’t pay the shipping cost to them. That saves some money. I also use a Zeiss D36 3x,6x,9x pocket magnifier to inspect the coins before submitting them. If I don’t think it will grade well I won’t submit it. At the 2021 Chicago ANA world fair of money I submitted 20 coins on different forms. Some were from Canada and some were silver, gold, 1’palladium eagle 2020 and 1 platinum maple leaf I got 16 70s and 3 PF69… Read more »

Rooster

Adam L It definitely is fun and going to these shows would help with the process. I have come to the conclusion to enjoy them as shipped from the mint. I got caught up in the first strike designation but came to my personal conclusion that it doesn’t matter. What matters to me is the grade. I can tell if a coin is a 69 or 70 from past experiences and no longer need a grading company to confirm it. The last time I sent in 3 gold eagles. I knew they would grade 70 and they did with the… Read more »

SENZA

Congrats but honestly, if the SHTF and you offered that to me for a can of Campbell’s soup from my prepper pantry I would just keep the soup. and I think PF70DCAM is the only grade they offer now – it’s better for business and bragging rights obviously.

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Rich

Nice job Adam, since the 2022 1/2 ounce is the most sought after coin of the four denominations, and it ended up selling out about 1-2 minutes after you snagged it. BTW, was the 2021 1/2 proof you bought and submitted last year the old reverse design Type 1 or the new design Type 2. Because if its the old design Type 1, that 1/2 proof has the lowest mintage of all the 1/2 ounce proofs (and of all the other proof gold denominations). In fact, with a final mintage of 9,741, it is the lowest mintage American Gold Eagle… Read more »

Last edited 2 months ago by Rich
Adam L

It was the type 2 I should have mentioned that. Only other 1/2 ounce I have which was the 1st gold coin I ever purchased was the 2013 proof. I still need to get that one graded. I only submit coins at a coin show. So probably the Long Beach coin expo or the World Fair of money bin Chicago. I really should have gotten the Type 1. But I did manage to get the 1/10 ounce designer set last year.

Rich

Sweet! That American Eagle 2021 One-Tenth Ounce Gold Two-Coin Set Designer Edition is one hot item. It sold out in lightning speed, so you were indeed lucky to score one.

Adam L

Yeah thanks. I think having fiber optic internet definitely helps. I haven’t opened the box yet to see if I managed to get a signed one. When I got to the Long Beach coin show or the ANA world fair of money I will probably submit them with PCGS. I like the new NFC technology they use to prevent counterfeits. I always open the box with them so I can get first strike and I always take a picture of the coin in front of them. Plus it saves me money on shipping them in. I just pay for return… Read more »

Rich

Smart, very smart!

Kaiser Wilhelm

Adam,

The Half Ounce is a very smart move as its production number is the lowest by far!

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Adam L

Yes exactly why I got it. Plus the size is pretty decent. I have been collecting coins since 2009. And I have never sold a coin. Even the ones I have multiples.

Kaiser Wilhelm

Good for you, Adam. That’s what I would say is the real spirit of coin collecting!

SENZA

I dedicate this to Coin Collector’s US everywhere who JUST SAID NO to US Mint Price Gouging… https://www.youtube.com/watch?v=SHhrZgojY1Q

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SENZA

LMAO Anyone want to give their name, address and phone number to Joe Reiter? Hell why don’t I give you my credit card number and PIN while I’m at it

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Kaiser Wilhelm

SENZA,

Pinehurst coins is advertising on here? They are among the biggest grifters and shysters in the coin business, right up there with the likes of Caffeine Mike and those other beauties on the equally infamous Coin Vault. Sheesh!

Last edited 2 months ago by Kaiser Wilhelm
SENZA

Well if they paid you guys for time on your channel I won’t mock them but if they are freeloading let me know I’ll bring out the Big Guns

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Kaiser Wilhelm

But we all know, SENZA, that many suckers across the nation will pay whatever it takes.

Joe Reiter

If you are lucky enough to get your hands on a Proof Gold Coin, you can still sell to Pinehurst Coins.

Our website is temporarily down, but we are taking purchase orders manually.

If you can give us the following information, we can lock in your sale to Pinehurst Coins via email at operations@pinehurstcoins.com.

Please provide us with:

First and Last Name:
Email Address:
Mailing Address:
Phone Number:
Quantity and description of the items you are selling:

How would you like to be paid?
Check, Overnight Check or Wire

SENZA

LMAO

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Rich

Yeah, Joe, but they are not offing as much as they did last year. Here are the purchase prices they are offering:
American Eagle 2022-W Gold Proof 1/10oz, 1/4oz, 1/2oz, 1oz and Four-Coin Set, 22EB,22EC,22ED,22EF,22EE: $350-$5,632.50

SENZA

I traced his IP address to a strip club why doesn’t he just have all the strippers order coins and sell them to him

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Rich

YIKES! Holy Butthole Surfers!

SENZA
Kaiser Wilhelm

SENZA Old Buddy and Good Sir Rich,

Should I be grateful the two of you just introduced this highly impressionable old man to the eminent Butthole Surfers?

Kaiser Wilhelm

Because, SENZA, strippers lack pockets.

Kaiser Wilhelm

Good Sir Rich,

These jokers offer a few measly bucks over Mint price and then turn around and sell the coins for some ungodly amount, could even be double for all we know. I wouldn’t want to have any part of doing their dirty work for them. Egad!

Rich

Totally agree, Sir Kaiser.

Mike Petraitis

Just think in 2002 a four piece gold set from the mint was $999.00 look at the price of the 2020 set you do the math !

Mike Petraitis

I meant to say the price on the 2022 gold set not 2020 gold set compare the price from the 2002 set.

Kia99

Was that a better buy? The average price of gold in 2002 was $310, which means there was a $425.5 premium above the price of the metal on the 4 piece $999 set. That’s a 74% premium!

SENZA

It’s always a scam remember when they could only sell 30,000 1995 W Proof Eagles because they paired them with the over priced Gold and the Public said no thanks – the Mint and it’s dealers turned right around and launched a campaign of scarcity making it go from the most hated and rejected of all time to the rarest according to the dealers stuck with he inventory and desperate to unload those coins IT’S ALL A SCAM

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Kaiser Wilhelm

SENZA,

I love the esoteric scarcity/rarity fairytales that are birthed somewhere in the darkest depths of Numiscoma Land.

Antonio

Nevertheless, I love my set. It only cost me $999. The only downer is my ASE came back to me graded PF68.

Rich

Antonio, you can’t beat the deal you originally got on that key date set, the holy grail of American Eagle sets. So what ever the grade or ungraded, its all gravy. Certainly, if you had gotten a grade of Proof-70 for the 1995-W ASE, you would have hit the jack-pot. Not sure if your coin is graded PCGS or NGC, but if it is PCGS, the PCGS Price Guide price for the PR-70 is $19,000, while the PR-69 price = $3,275 and the PR-68 price = $2,700 (as of 3/23/2022).

Rich

Now that’s rabid price inflation! In comparison, the gold price was $290 per ounce on March 17, 2002 and 20 years later, today, its $1,940 per ounce. The price of the 2022 GAE Proof set costs 5.38 times more than the 2002 set, while the March 17, 2022 spot gold price has increased by 6.69 times the March 17, 2022 gold price.

Kaiser Wilhelm

Good Sir Rich,

I know I couldn’t have said it that well myself, so I wouldn’t even want to try. Kudos, my friend!

Last edited 2 months ago by Kaiser Wilhelm
J S

Online ordering process – FUBAR! I wanted 1/2 ounce. Got it in my cart easily. After clicking buy, however, thrown to a page that said basically, “Something’s wrong. Check account, go back home, try again.” (No way I was going to sign out and try to sign in again). Saw coin in my cart. Four times I went back to that cart. Got to “buy”…thrown to something’s wrong page each time. Then, as I try to understand why, coin goes to “back order.” So, I clicked back order. No idea what, if any good, that did. Meantime, I saw 1/4… Read more »

Rich

J S, with your attempted 1/2 oz purchase while on the last-step final review/place order page, when you cliked “place order” you were thrown into the infamous “page not found” page. At that point, you should have clicked on the “home” option and then, when back on the home page you should have clicked on your cart and then gone through the three steps again. This (FUBAR) process would have given you the best chance for success, but not guaranteed to work. Unfortunately, the 1/2 oz sold out in about 4 minutes, as did the 4-coin set, so it left… Read more »

Last edited 2 months ago by Rich
J S

Rich…Yea, I knew it’d be fast and furious. I was on-site immediately. 1/2 oz in cart quickly. Alas, too much to expect that, at that point, I’d actually be able to buy the coin from the cart. All over the Internet, that’s what I do. Add to cart. Checkout. Double check payment info. Purchase! On U.S. Mint, naaaw … in a time crunch-situation, let’s confuse the buyer with a “page not found” … a “challenge” press-me action … I mean, why make buying easy? Pfffy. We’re the U.S. Mint bosses living off your dime(s). Let’s F with the consumer. Make… Read more »

Kaiser Wilhelm

J S, The real irony here is that all that Mint site page-switching garbage and distressingly confusing gobbledygook is actually designed to keep the Bots and the Bulk Buyers off the site so that people like you and I will have a chance to make the purchase we are there to complete. Unfortunately, and believe me I have been through this myself many more exceedingly frustrating times than I even care to remember, what instead happens is that we ordinary collectors get erroneously interfered with while the presumably much more savvy, slicker and quicker professional flippers breeze their way through… Read more »

J S

Wise Kaiser, the irony is thick, indeed. I had the 1/2 oz in my cart. And could not buy it. Knew I was racing the clock. Got 3-4 buy attempts in — before it went to Back Order, then no-way-mate. Sad. Frustrated. Covered in irony.

Kaiser Wilhelm

J S,

In regard to your “Bottom line”, I don’t think the “red-bar widget” is something you can navigate to; unless I’m mistaken it is a function you have to be directed to.

By the way, I don’t believe you did anything wrong in the way you tried to order; those time-consuming deviations from the course of orderly purchasing just happen.

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Last edited 2 months ago by Kaiser Wilhelm
Sherril

Isn’t there someplace to buy investment gold at a much cheaper price?

Rich

Yes, Sherril, for investment gold you need to purchase gold bullion coins and bars and not numismatic gold proof coins, since the premiums on bullion is much smaller than numismatic (proof) coins. Bullion versions are for investors and proof versions are for collectors. There are many reputable online dealers with fair prices that sell American Eagle Gold Bullion coins and other gold bullion coins and bars in various sizes to suit your budget and needs.

Sherril

Thanks

Rich

Sherril, here is an example of price comparisons for the new US Mint numismatic proof 2022 Gold American Eagles (GAE) versus the Mint’s investment bullion 2022 GAE for sale by a major online dealer (based on 3/18/2022, spot gold price = $1,933/ounce): 1 oz 2022-W $50 GAE Proof = $2,850 1 oz 2022 $50 GAE Brilliant Uncirculated (BU) = $2,035 1/2 oz 2022-W $25 GAE Proof = $1,450 1/2 oz 2022 $25 GAE BU = $1,044 1/4 oz 2022-W $10 GAE Proof = $752.50 1/4 oz 2022 $10 GAE BU = $541 1/10 oz 2022-W $5 GAE Proof = $330… Read more »

Last edited 2 months ago by Rich
East Coast Guru

Rich, where are you seeing those bullion prices for 1/10 oz gold? That is a great price. I assume the price is for 50+?
Thanks

Rich

Guru, no, those are “any quantity” prices (1 or more). At the time of writing, 3:25 ET, with spot gold price = $1,921, the 2022 $5 GAE BU price = $226.24
As to what major online dealer this is, it’s Pinehurst Coins in North Carolina, and they have free shipping on all purchases (no minimum order amount),

SENZA

1/10th is still available so likely those other over priced denominations went to Dealers, Graders and Caffeine Mike who can attempt the scarcity sham and if no sheep take the bait they can simply return them to the US Mint

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SENZA

Caffeine Mike without makeup

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Kaiser Wilhelm

And after all the trouble this little fellow-gold-loving imp went through to look nice!

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Last edited 2 months ago by Kaiser Wilhelm
Rich

SENZA, right about the 1/10 oz being still available with plenty left at 6:15 ET with data-available showing 6,042. The only denomination left on “back order” is the 1 oz with 883 remaining. The 1/4 oz finally sold out around noon today at about the initial sales 24 hour point. And of course, the 1/2 oz and 4 coin set were gone in the first 4 minutes.

SENZA

I’m waiting to see if the Mint gets my Sally Ride order out without a scandalous mess – if they pull that off I may revisit the 1/10th thanks for the exact numbers that is very helpful

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Mike Petraitis

OK lets hear your opinion on this one–2002 four piece gold set $999.00 2022 four piece gold set $5300.00 so what do you think the price on a four piece gold set in twenty years is going to cost?

Rich

Mike, the numbers are scary. This is not my opinion, its only based on a linear extrapolation of the historical price trends over the past 20 years, from 2002 to 2022, and on they key assumption that the price trends over the next 20 years, from 2022 to 2042, will be the same as the last 20 years. So, assuming the price of an ounce of gold increases by 6.69% and the price of the 4-coin Gold American Eagle Proof Set increases by 5.34%, here are the numbers: 2002 gold price = $290 2002 4-coin GAE set price = $999… Read more »

Kaiser Wilhelm

Considering I would be 94 years old by the time 2042 rolls around, I don’t think I’m going to be putting that at the top of my “things to start worrying about” list.

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Rich

I know Sir Kaiser, but inquiring minds like Mike Petraitis wanted to know. Don’t worry, be happy now…

Kaiser Wilhelm

It seems to be a given conclusion now that the gold coin market is out of control.

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Last edited 2 months ago by Kaiser Wilhelm
sam tweedy

Scary gold coin for ALL !!!! you “OLD LADIES” !!!!!!!! >>>>>>>>>>>>>> “NAP” time for you all hurry !!!!!!!……………..OMG !!!!!!!

Kaiser Wilhelm

sam “I am” tweedy!!!!

We just woke up from our Old Ladies’ naps!!!!!!!!!!! We are all bamboozled, stumped, gypped, cheated, denied, grifted and flipped>>>>>>>>>>What should we do?????

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Last edited 2 months ago by Kaiser Wilhelm
Mike Petraitis

So someone tell me what is the big deal about these coins why does everybody want them what is so special about them ?

SENZA

I don’t believe there is any big deal – I think it’s all fraud and fake scarcity invented by the US Mint, US Mint Dealers and NGC to sucker people into buying them.

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Kaiser Wilhelm

So what you’re really saying here, SENZA, is that this is all just business as usual.

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SENZA

Either that or

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Rich

I guess its just a gold thing that started 5,000 years ago.

Kaiser Wilhelm

Good Sir Rich,

Do you think the coin flippers by the pyramids had to give a cut to the Pharaohs?

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SENZA

It’s like those questions: Where does the money go to or come from when the stock market goes up or down – there is no clear answer supplied

And the same is true for Gold – some think it’s from outer space and some think it’s the result tectonic plate destruction

But the World may never really know

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Rich

SENZA, you are correct on all counts, it comes from outer space, it comes from deep in the crust, its forged inside stars and its even in our DNA.

Kaiser Wilhelm

Mike,

In times of concern, confusion and constipation, nothing gives you security like GOLD!

Kaiser Wilhelm

I mean, it’s even affecting William Shatner, and nothing ever bothers him…

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Last edited 2 months ago by Kaiser Wilhelm