The United States Mint will begin sales of the 2012 American Gold Eagle Proof Coins today April 19, 2012 at 12:00 Noon ET. Available products will include individual tenth, quarter, half, and one ounce coins, as well as a four coin set.
The American Gold Eagle features Augustus Saint Gaudens’ depiction of Liberty holding a lit torch and olive branch. The US Capitol building and rays of the rising sun appear in the background with 50 stars surrounding the image. The reverse design features a depiction of a family of eagles designed by Miley Busiek. The same obverse and reverse design has been used since the introduction of the series in 1986. Proof versions have been struck for collectors each year, with the exception of 2009, when the offering was cancelled.
The US Mint has established product limits for the 2012 Proof Gold Eagles, which represent a reduction from the levels of the prior year. Specifically, the individual half ounce has been reduced from 15,000 to 10,000; the individual quarter ounce has been reduced from 16,000 to 12,000; the individual tenth ounce has been reduced from 30,000 to 25,000; and the four coin set has been reduced from 40,000 to 30,000.
Pricing for the coins is based on the average weekly market price of gold, and will remain subject to potential change on a weekly basis. This grid displays the prices for the coins for average gold prices at $50 intervals. For the start of sales, pricing is based on an average gold price in the $1,650.00 to $1,699.99 range. These prices are the equivalent of $200 per ounce higher compared to prices in effect at the start of sales for the 2011 Proof Gold Eagles.
The release date for this year’s Proof Gold Eagles is roughly in line with the timing of last year’s release on April 21, 2011. All but one option for the 2011 Proof Gold Eagles have now sold out at the US Mint, with only the four coin set option remaining available for sale.
A summary of the product limit, mintage limit, and initial price for each 2012 Proof Gold Eagle product is shown below.
|2012 American Gold Eagle Proof Coins|
|Product Limit||Mintage Limit||Initial Price|
|4 Coin Set||30,000||N/A||$3,585.50|
Last year, the US Mint also offered the 2011-W Uncirculated Gold Eagle. This collectible uncirculated version of the coin went on sale May 5, 2011. The Mint has not yet indicated whether this product will be offered for the current year, but so far it has not been listed on the upcoming product schedule.