1989 American Gold Eagle Coins

The 1989 American Gold Eagle Coins were the fourth year in which the strikes had been available from the US Mint.

1989 American Gold Eagle Coins
Mintage: 415,790 One Ounce Bullion, 54,570 One Ounce Proof
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Gold experienced significant declines in 1989 and came in at only $381.44 an ounce for the year. This was a decline of $55.54 from where it was the previous year. The low came in August at $355.75 with the high occurring mid-December at $415.50.

The fluctuations in the gold market undoubtedly affected investor demand, especially for the bullion strikes. Consequently, the significant mintage declines seen in their numbers the previous year was somewhat moderated with the fractional 1/4 ounce and 1/10 ounce strikes even showing strong gains.

1989 Gold Eagle Mintage

Bullion Gold Eagle Mintage

The US Mint struck four different sizes of its Bullion Gold Eagles – One ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce. All four sizes had been available since the program’s debut in 1986 and had been experiencing significant mintage declines up until 1989. During that year, the decline slowed for the one ounce and 1/2 ounce strike while the 1/4 ounce and 1/10 ounce coins even showed vast improvements.

The chart below shows the total mintage of 1989-dated Bullion Gold Eagles:

One Ounce Bullion Gold Eagle 415,790
1/2 Ounce Bullion Gold Eagle 44,829
1/4 Ounce Bullion Gold Eagle 81,789
1/2 Ounce Bullion Gold Eagle 264,790

Proof Gold Eagle Mintage

Proof Eagle mintage saw drastic drops across the board for all four of the available sizes, even when the number sold as part of the new Gold Eagle 4-Coin Set is included.

The chart below shows the total mintage of 1989-dated Proof Gold Eagles which includes the number sold as part of the Gold Eagle 4-Coin Set (of which 35,891 were sold):

One Ounce Proof Gold Eagle 54,570
1/2 Ounce Proof Gold Eagle 44,798
1/4 Ounce Proof Gold Eagle 54,170
1/10 Ounce Proof Gold Eagle 84,647

Issue Information

The 1989 Gold Eagles marked the fourth year in which the US Mint released the strikes.

Release Date

Bullion Gold Eagles were available for most of the year.

Issue Price

The US Mint sold the One Ounce Proof Eagle for $585, the 1/2 Ounce Proof for $295, the 1/4 Ounce Proof $150 and the 1/10 Ounce Proof for $65. Bullion Eagles were available from the Mint’s network of authorized purchasers for a small premium above the current spot price of the gold contained within them.

U.S. Mint Production Facility

One Ounce Proof Eagles were struck at the US Mint’s West Point facility and show a ‘W’ mintmark. Fractional Proof Eagles were struck at the US Mint’s facility in Philadelphia and show the ‘P’ mintmark. No mintmark is shown on the bullion Eagles but both the West Point and the Philadelphia facilities are said to have shared the striking responsibility for those coins.

Designer & Sculptor

Augustus Saint-Gaudens designed the full-length versions of Lady Liberty which is seen on the obverse (heads side) of the Gold Eagles. It was first featured on the Double Eagle coin from 1907-1933. Miley Busiek designed the family of eagles shown on the reverse (tails side).

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

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