On Friday, the 2012 American Gold Eagle Proof Four Coin Set sold out. This joins the previously sold out individual options for each of the coins included in the set.
The sell outs for the individual options began several months ago, with the one-half ounce coin selling out in mid-November. The one-quarter ounce coin sold out in early January. The one-tenth and one ounce coins sold out in mid-January. Following the sell out of the set option, each of the four coins are no longer available from the US Mint in any format.
The table below shows the last reported sales for each product option. The second column shows the tentative mintage for each coin based on the last reported sales figures. This is calculated by adding together the individual coin sales and set sales. (Updated February 11, 2013.)
2012 Proof Gold Eagle Sales (as of February 11, 2013)
So far, it looks like each coin will represent a new mintage low for the respective denomination in proof format. The previous mintage lows were held by the 2001 1 oz Proof at 24,555, the 2008 1/2 oz Proof at 22,602, the 2008 1/4 oz Proof at 18,877, and the 2008 1/10 oz Proof at 28,116.
Whether or not the new lows established by the 2012 proof coins attract any secondary market premium remains to be seen. The current lows actually do not command much of a premium, if any.
On one hand, some of the 2012 proof will have mintages which are significantly lower than the current low. Generally, this has attracted more attention than simply marginally lower figures.
On the other hand, the final sell out was not particularly unexpected. Unexpected sell outs sometimes spark an immediate premium, while lingering sell outs more often do not. Also, as discussed on many occasions in the past, we seem to be in the midst of a declining period for many US Mint product types, where news lows are simply undercut by even lower figures in the following year.
Another factor to consider is the even lower figures for the collectible uncirculated Gold Eagles. The one ounce 2012-W Uncirculated $50 Gold Eagle had last reported sales of 6,118 coins when it unexpectedly sold out in November. While the proofs may have a wider collector base, the uncirculated coins carry much more of an impression in terms of low mintages.