1994 American Gold Eagle Coins

The 1994 American Gold Eagle Coins marked an increase in the mintage for all the proof versions of the coin with a significant decrease in interest for the bullion strikes.

1994 American Gold Eagle Coins
Mintage: 221,663 One Ounce Bullion, 46,674 One Ounce Proof
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Investors may have been a bit leery of the bullion coins as the gold market showed some improvement over the year. Coming in at at average of $384 per ounce, the precious metal was up $24.23 from the previous year.

Proof Gold Eagle collectors will note that 1994 was the first year in which the fractional proofs were also struck at the US Mint’s West Point facility. Previous to this, the fractionals were struck in Philadelphia.

1994 Gold Eagle Mintage

Bullion Gold Eagle Mintage

The Gold Eagle bullion mintage declined considerably for the year with all but the 1/4 ounce sizes showing a decrease. In total, only 563,093 of the coins were sold, a drop of 32% from the previous year.

The chart below shows the total mintage of 1994-dated Bullion Gold Eagles:

One Ounce Bullion Gold Eagle 221,663
1/2 Ounce Bullion Gold Eagle 62,400
1/4 Ounce Bullion Gold Eagle 72,650
1/2 Ounce Bullion Gold Eagle 206,380

Proof Gold Eagle Mintage

Proof Gold Eagle mintage showed across the board increases with the 4-Coin Set alone jumping by 11,596.

The chart below shows the total mintage of 1994-dated Proof Gold Eagles which includes the number sold as part of the Gold Eagle 4-Coin Set (of which 35,619 were sold).

One Ounce Proof Gold Eagle 46,674
1/2 Ounce Proof Gold Eagle 44,584
1/4 Ounce Proof Gold Eagle 48,172
1/10 Ounce Proof Gold Eagle 62,849

Issue Information

The 1994 Gold Eagles were the ninth year in which the US Mint produced the strikes.

Release Date

Gold Bullion Eagles were available for most of the year from the US Mint.

Issue Price

Prices on all of the Proof Gold Eagle products remained the same from the US Mint as they had been in several of the preceding years – the One Ounce Proof sold for $570, $285 for the 1/2 Ounce Gold Eagle, $150 for the 1/4 Ounce Gold Eagle and $70 for the 1/10 Ounce Gold Eagle. The 4-Coin Set remained at $999. Bullion Gold Eagles were sold by 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

New for the year, all of the Proof Gold Eagles were struck at the US Mint’s facility in West Point. Previous to this, fractional Proof Gold Eagles were struck in Philadelphia.

Designer & Sculptor

First appearing on the Double Eagle Coin from 1907-1933, Augustus Saint-Gaudens version of Lady Liberty is shown on the obverse (heads side) of the Gold Eagles. The reverse (tails side) depicts a family of eagles and their nest as designed by Miley Busiek.

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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