US Mint Gold Coins: 2010 Proof Gold Eagle Status

As of November 1, 2010, the sale of 2010 Proof Gold Eagle stood at 25,000 units among all the US mint gold coins. This was the total inventory that the Mint had till this date. The one ounce coin, the sale of which began on October 7, 2010, is priced at $1,585 a unit.

The sales report revealed by the Mint showed the following figures:

  • One Half Ounce: 373 units
  • One Quarter Ounce: 246 units
  • One Tenth Ounce: 609 units
  • 4 Coin Set: 1,366

The final product includes the one ounce proof coin, so although the individual option has sold out, the coin remains available within the set.

The sale of 2010 Proof Set increased consecutively for the third week. The total sales amounted to 804,878 after the sale of an additional 51,016 pieces. However, this was significantly lower than last year’s figure of 1,477,967 units of the 2009 Proof Set. Considering the 2011 Proof Set has been announced to go on sale early in January, the final sales figure is expected to bring good news before the yearend.

US Mint Gold Coins: Why Proof Gold Eagles are so famous
Proof Gold Eagles were offered to collectors every year from 1986 to 2008. However, in 2009 it was canceled by the US Mint due to the spike in demand for buying gold coins, which the Mint fulfilled by redirecting gold blanks to bullion offerings.

Proof Gold Eagles saw a massive surge in their demand in 2010. The product is quite popular for its interesting design that has been inherited from the famous design of Augustus Saint-Gaudens. It features Lady Liberty with a lit torch in one hand and olive branch in the other against the backdrop of the US Capitol and rays of the rising sun. The reverse of the coin has a family of eagles as was designed by Miley Busiek. The male eagle has been depicted as carrying an olive branch to a nest featuring a female eagle and hatchlings.

The following are the specifications of 2010 Gold Eagle Coins:

  • Composition involves 91.67% of gold, 3% of silver and 5.33% copper
  • The $50 coin weighs 1.0909 troy oz (33.930 grams)
  • The diameter of $50 coin stands at 1.287 inches (32.7 mm)
  • The thickness of $50 coin gold eagle coins is 0.113 inches (2.87 mm)

US Mint Gold Coins: Can You Still Catch Hold of Proof Gold Eagles?
In early 2010, there were anticipations of high demand of Proof Gold Eagle coins in the later half of the year due to their not being available in the previous year. Although the Proof US mint gold coins eagles are out of order after November 1, 2010, the demand for the coins has not diminished. Even the Mint has accepted orders which are being placed on a waiting list. In case there are some cancellations resulting in the availability of coins, the Mint will start fulfilling orders on first come, first serve basis from the waiting list.

Buyers can still place orders for the one ounce proof Gold Eagle, as it is available in the 2010 Gold Eagle 4 Coin Proof Set. The set comes as a single presentation case that comprises proof versions of 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce coins. The set of four coins is available at $2,938.00 each. Out of the total 39,000 limit, 21,302 have already been sold according the US Mint sales report released on November 1, 2010.