1998 1 oz American Gold Eagle Coin

1998 1 oz American Gold Eagle Coin

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Product Details
As we approached the turn of the millennium and witnessed a slowdown in the American economy, the demand for gold saw a significant upswing in the late 1990s, leading to a rise in the prices of this exquisite precious metal. The 1998 1 oz American Gold Eagle Coin, the official bullion coin of the US, rode this wave of demand to higher mintage figures in the late 1990s. Now, available at BullionMax, this coin presents a unique investment opportunity.

Coin Highlights:

  • Comes in a protective flip!
  • 13th release of the American Gold Eagle bullion coin!
  • Limited mintage of only 1,468,530 coins!
  • Contains 1 Troy oz of actual gold content.
  • Face value of $50 (USD) is fully backed by the US government.
  • Obverse bears the image of Liberty from the $20 Gold Double Eagle.
  • Reverse includes the American bald eagle design from Miley Busiek.

For the first time since 1987, the 1 oz American Gold Eagle coin surpassed the 1 million mintage mark. The 1998 edition not only broke the 1 million barrier after more than a decade but also marked the highest mintage figure for the coin in its history up to that point.

Several factors contributed to the increasing popularity of the American Gold Eagle coin in 1998. The US Dollar was losing strength due to concerns about Y2K’s impact on digital banking and the impending burst of the DotCom bubble. A sluggish economy drove gold prices higher, and Y2K uncertainty pushed investors toward safe-haven metals, making American Gold Eagle bullion coins a sought-after choice.

All 1998 1 oz American Gold Eagle coins offered by BullionMax are plastic flips for delivery. The 1998 release of 1 oz Gold Eagles set a new record at this point in the program’s history. Though it would be surpassed a year later, the 1998 release experienced the highest mintage since the 1986 debut issue and remains, as of 2023, the third-highest minted 1 oz gold coin in program history.

The obverse of these coins features the design of Liberty, created in 1907 by Augustus Saint-Gaudens. Commissioned by President Theodore Roosevelt in 1905 to revamp the nation’s gold coin designs, this design marked the beginning of an impressive era for American coinage.

On the reverse, you’ll find the exclusive image of a nesting family of bald eagles. This unique American bald eagle design is specific to the American Gold Eagle collection and showcases a male eagle flying over a nest full of hatchlings, closely watched by a female eagle.

For any inquiries, feel free to contact BullionMax. Our customer service team is available by phone at 800-729-3202, through our live web chat feature, and via email.

Product Specifications
Year 1998
Mint Mark Not Shown
Metals Purity .9167
Producer US Mint
Thickness 2.87 mm
Diameter 32.7 mm
Inner Pack 20
Outer Pack 500
Condition Brilliant Uncirculated
Denomination $50
Country United States
Designer (Obverse) Augustus Saint-Gaudens
Designer (Reverse) Miley Busiek
Edge Style Reeded
Product Series American Eagle
Certificate of Authenticity No
Mintage 1,468,530
Capsule Size 32 mm
Packaging Plastic Flip
Packaging Dimensions 1.3 x 1.3 x 0.1
Metal Content 1 Troy Ounce
Shipping Free Shipping on Orders Over $199
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