Proof Gold Eagles Sold Out, Prices Reduced for Other Gold Coins

Yesterday, the US Mint ended sales of the remaining 2010 Proof Gold Eagles. The final remaining options were the individual one-quarter ounce and one-tenth ounce coins.

Following their one year cancellation, the Proof American Gold Eagles had opened with huge demand. Initial sales for each of the five product options were three to five times greater than the initial sales figures for the 2008 Proof Gold Eagles.

The individual one ounce coins were the first to sell out on November 1, 2010, after the full maximum product limit was sold. The following two options to sell out were the individual one-half ounce on December 1, 2010 and the 4 Coin Set on January 3, 2011. Both of these options as well as most recently sold out one-quarter ounce and one-tenth ounce options did not meet the maximum product limit.

The final sales levels for each option are indicated below in the first number column. The second number column displays the mintage for each coin, calculated by adding together the individual and set sales. This is the mintage calculated based on sales. The US Mint typically releases final audited mintage figures a year or more after the conclusion of sales.

2010 Proof Gold Eagles

	Product Sales	Mintage
1 oz	25,000	60,000
1/2 oz	10,000	45,000
1/4 oz	10,000	45,000
1/10 oz	20,000	55,000
4 Coin Set	35,000

Compared to previous year's mintages for each denomination, the one ounce and one-half ounce coins are near the higher end of the range, while the one-quarter ounce and one-tenth ounce are around the middle of the range.

This year's coins did have a shorter availability period than typical for Proof Gold Eagles, which usually go on sale around March and remain available throughout the year. The 2010 Proof Gold Eagles went on sale October 7.

Numismatic Gold Product Prices Decreased

Today, the US Mint reduced prices for available numismatic gold products. The price of the 2010 Proof Gold Buffalo was reduced from $1,660 to $1,610. The prices for First Spouse Gold Coins were reduced from $854 to $829 for proofs and from $841 to $816 for uncirculated coins.

This is actually the first pricing adjustment to take place since November 10, 2010. On that date, prices had been increased for the fourth consecutive time, following the steady march higher for the price of gold.

The reduced prices reflect an average gold price within the range of $1,300 to $1,349.99 range. Each week, the US Mint calculates the average London Fix price of gold from the prior Thursday AM to the current Wednesday AM. If the average moves into a different range and the Wednesday PM price agrees with the range, then prices are adjusted accordingly.