Today, April 3, 2014 at 12:00 Noon ET, the United States Mint will begin accepting orders for the 2014 American Gold Eagle Proof Coins. The product options will include individual one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce coins, as well as a four coin set.
The obverse of the American Gold Eagle features Augustus Saint Gaudens’ classic full length depiction of Lady Liberty wearing a flowing gown, holding a lit torch and olive branch, and striding confidently forward. The rays of the rising sun fill the fields, with the U.S. Capitol building visible in the background. Fifty stars are placed around the image representing the states.
The reverse design of the coin was created by Miley Busiek specifically for the series and has been used for each year of issue since 1986. A male bald eagle is depicted carrying an olive branch to nest containing a female eagle and her eaglets.
The coins are struck in 22 karat gold, consisting of 91.67% gold, 3% silver, and the balance copper. Each coin contains its stated weight in pure gold. Across all four sizes, the proof coins are struck at the West Point Mint and carry the “W” mint mark on the obverse.
The US Mint has established product limits for each ordering option, which also serve to establish mintage limits for each of the four coins. For the past two years, sales of the Proof Gold Eagles have not met their respective product limits. This led the Mint to reduce the product and mintage limits last year, with another slight reduction again this year. The product limit for the four coin set has been reduced from 20,000 to 15,000.
|Product Limit||Mintage Limit||Initial Price|
|4 Coin Set||15,000||30,000||$2,982.50|
The initial prices for each 2014 Proof Gold Eagle product options are indicated above. The prices are based on an average weekly gold price within the $1,250 to $1,299.99 range. The prices are $200 per ounce lower compared to the initial pricing from the prior year, due to the lower price of gold. As with the US Mint’s other numismatic gold products, the price will remain subject to potential weekly adjustment based on changes in the market price of gold.
Over the past two years, sales levels for the Proof American Gold Eagles have fallen to historic lows. When the 2013-dated issues sold out, the one-half ounce and one-quarter ounce coins ended up with the lowest mintages of the series for their respective denominations in proof format. Likewise, the 2012-dated one ounce and one-tenth ounce coins hold the lowest mintages of the series for their respective denominations in proof format. Thus far, the historically low mintage levels haven’t generated much of a response on the secondary market.