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Proof American Gold Eagle coins were under immense pressure from multiple sides during the 2008 issue year. Forces inside the US Mint and from outside factored into a significant drop in the number of Gold Eagles struck this year. The 2008 1/2 oz Proof American Gold Eagle Coin is currently available to you for purchase online from JM Bullion in perfect condition.
Coin Highlights:
The first pressure facing the Proof American Gold Eagle was rising gold prices. The price of gold hit an all-time high at this point in history of $1,011.25 per ounce, pushing a lot of gold buyers toward the gold bullion version of the American Gold Eagle. The continued presence of the Burnished Gold Eagle in the same four weights also split a lot of collectors between the programs.
A bigger issue arose from the US Mint’s failure to adjust prices to account for a significant drop in gold prices later in the year. Though gold hit a then-all-time high, it closed the year down nearly $200 per ounce from that high, though still up for the year. The US Mint never adjusted its prices, leaving collectors disinterested in the Proof Gold Eagles because of the unusually high premiums.
On the obverse of 2008 1/2 oz Proof American Gold Eagle is Augustus Saint-Gaudens’ design of Liberty. This is considered by many to be the greatest American coin design ever and was used on the $20 Gold Double Eagle through 1933.
The reverse face of Proof American Gold Eagles bears the exclusive design of a family of bald eagles. Created by Miley Busiek, it depicts a male eagle flying over the nest as a female guards the hatchling within the nest.
These 2008 1/2 oz Proof American Gold Eagle coins are available in PF70 condition. This is a perfect certification from the NGC and indicates the coins have full, original mint luster and no detracting flaws. The UCAM label means the designs are strong and frosted, while the background field is deeply-mirrored and clear.
We encourage JM Bullion customers to contact us with questions at 800-276-6508. You can also reach out to us online through our live chat and email address features.
Tracking and insurance included on all orders
Proof American Gold Eagle coins were under immense pressure from multiple sides during the 2008 issue year. Forces inside the US Mint and from outside factored into a significant drop in the number of Gold Eagles struck this year. The 2008 1/2 oz Proof American Gold Eagle Coin is currently available to you for purchase online from JM Bullion in perfect condition.
Coin Highlights:
The first pressure facing the Proof American Gold Eagle was rising gold prices. The price of gold hit an all-time high at this point in history of $1,011.25 per ounce, pushing a lot of gold buyers toward the gold bullion version of the American Gold Eagle. The continued presence of the Burnished Gold Eagle in the same four weights also split a lot of collectors between the programs.
A bigger issue arose from the US Mint’s failure to adjust prices to account for a significant drop in gold prices later in the year. Though gold hit a then-all-time high, it closed the year down nearly $200 per ounce from that high, though still up for the year. The US Mint never adjusted its prices, leaving collectors disinterested in the Proof Gold Eagles because of the unusually high premiums.
On the obverse of 2008 1/2 oz Proof American Gold Eagle is Augustus Saint-Gaudens’ design of Liberty. This is considered by many to be the greatest American coin design ever and was used on the $20 Gold Double Eagle through 1933.
The reverse face of Proof American Gold Eagles bears the exclusive design of a family of bald eagles. Created by Miley Busiek, it depicts a male eagle flying over the nest as a female guards the hatchling within the nest.
These 2008 1/2 oz Proof American Gold Eagle coins are available in PF70 condition. This is a perfect certification from the NGC and indicates the coins have full, original mint luster and no detracting flaws. The UCAM label means the designs are strong and frosted, while the background field is deeply-mirrored and clear.
We encourage JM Bullion customers to contact us with questions at 800-276-6508. You can also reach out to us online through our live chat and email address features.
