1987 American Gold Eagle Coins

The 1987 American Gold Eagle Coins were the second releases of the program which debuted the year before as part of the the Gold Bullion Act of 1985 (Public Law 99-185).

1987 American Gold Eagle Coins
Mintage: 1,045,500 One Ounce Bullion, 147,498 One Ounce Proof
eBay Listings
Authorizing Coin Law
U.S. Mint Online Site

Different than the previous year in which the bullion coins were only available for three months, the 1987 Gold Eagles were available the entire year. Despite the increased time-frame, bullion mintage was actually significantly less than had been seen in their debut year.

Proof Eagle mintage also declined, but 1987 did mark the first year in which the fractional 1/2 Ounce Proof Gold Eagle was released by the Mint. The smaller sized 1/4 ounce and 1/10 ounce Proof Eagles would follow the next year.

1987 Gold Eagle Mintage

Bullion Gold Eagle Mintage

All four sizes of the Bullion Gold Eagles showed across the board mintage declines from the previous debut year. However, the 1987 mintage numbers were high enough that they would not be attained again for over a decade.

The chart below shows the total mintage of 1987-dated Bullion Gold Eagles:

One Ounce Bullion Gold Eagle 1,045,500
1/2 Ounce Bullion Gold Eagle 131,255
1/4 Ounce Bullion Gold Eagle 269,255
1/2 Ounce Bullion Gold Eagle 580,266

Proof Gold Eagle Mintage

1987 marked the first year in which the US Mint struck the fractional 1/2 Ounce Gold Proof Eagle. The previous year, only the One Ounce Proof Eagle had been minted.

The chart below shows the total mintage of 1987-dated Proof Gold Eagles:

One Ounce Proof Gold Eagle 147,498
1/2 Ounce Proof Gold Eagle 143,398

Issue Information

The 1987 Gold Eagles were the second year in which the series of gold coins were available from the US Mint.

Release Date

Bullion Gold Eagles were available for most of the year.

Issue Price

The US Mint sold the One Ounce Proof Gold Eagle for $585 each while the 1/2 Ounce Proof Eagle sold for $295. The Bullion Gold Eagles (including the fractional sizes) were sold by the Mint’s network of authorized purchasers for a small premium above the spot price of the gold contained within them.

U.S. Mint Production Facility

The US Mint struck the Gold Eagles at both its facility in Philadelphia and its facility in West Point. However, the One Ounce Proof Eagle was struck solely in West Point and shows a ‘W’ mintmark. The 1/2 Ounce Proof Eagle was struck solely in Philadelphia and shows a ‘P’ mintmark.

Designer & Sculptor

Augustus Saint-Gaudens’ original Lady Liberty design was used again for the obverse (heads side) of the Gold Eagle. It was first featured on the Double Eagle coin from 1907-1933. The reverse (tails side) shows Miley Busiek’s design of a male eagle flying above the nest of its family.

Coin Specifications

Face Value: $50
Finish: Bullion, Proof
Composition: 91.67% Gold, 3% Silver, 5.33% Copper
Standard Weight: 33.930 g
Standard Diameter: 32.70 mm
Edge: Reeded

Related Products