With the approach of Y2K and a slowing American economy, the demand for gold was on the rise in the late 1990s, along with prices of the beautiful precious metal. The American Gold Eagle, the official bullion coin of the US, rode this wave of demand to higher mintage figures in the late 1990s. Today, the 1998 1 oz American Gold Eagle Coin is available from JM Bullion.
- Arrives 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 in BU condition.
- 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 soared past 1 million in mintage. In fact, the 1998 1 oz American Gold Eagle coin not only cracked the 1 million barrier for the first time in more than a decade, it marked the highest mintage figure for the coin in its history to this point.
There were a lot of factors behind the rising popularity of the American Gold Eagle coin at this point in history. First and foremost, the US Dollar was losing strength as fears over Y2K’s impact on digital banking and the DotCom bubble appeared ready to burst. A sluggish economy sent gold prices higher and Y2K uncertainty pushed investors toward safe-haven metals such as American Gold Eagle bullion coins.
All 1998 1 oz American Gold Eagle coins in this product listing are in BU condition. Coins in BU condition show no signs of wear and tear on the surfaces, though you will notice minor flaws such as breaks in the luster, spotted surfaces, and contact marks as a result of striking blanks during the production process.
The obverse of all 1998 1 oz American Gold Eagle coins includes the design of Liberty that was created in 1907 by Augustus Saint-Gaudens. He was approached by President Theodore Roosevelt in 1905 to help lead an initiative to overhaul the nation’s gold coin designs, and it all started with this impressive view of Liberty.
On the reverse of the American Gold Eagle coin you’ll find the image of a nesting family of bald eagles. The American bald eagle design on these coins is an exclusive to the American Gold Eagle collection, and features a male eagle flying over the nest full of hatchlings that is being watched closely by a female eagle.
Please don’t hesitate to reach out to JM Bullion if you have any questions. Our customer service team is available on the phone at 800-276-6508, online using our live web chat feature, and via our email address.