Today we take a look at another popular, long running product, the Proof Gold Eagle. Each year the Mint places maximum production limits for each fractional denomination. Sales usually reach or come fairly close to sell out levels. For 2007, a few of the individual options remained below maximum levels, although the 4 coin set did attain the max.
Sales of the 2008 Proof Gold Eagles began on March 4, 2008. Sales seemed to start off strongly, but have now slowed down. The underlying reason for the slow down is surely the decline in the price of gold. Gold peaked shortly after the release above $1,000 and has since fallen as low as $850. Despite this decline, the Mint has maintained their initial pricing which is surely putting a damper on sales.
The two tables below show the last known sales figures for the 2007 and 2008 Proof Gold Eagles. The 2007 figure is from the last published figures from Numismaster. The 2008 figure is from Numismaster’s May 7 report.
2007 Proof Gold Eagle Sales Figures
|4 Coin Set||35,799||N/A|
2008 Proof Gold Eagle Sales Figures
|4 Coin Set||5,220||N/A|