The United States Mint has now released the first official American gold numismatic products for 2017. The 2017 American Eagle Gold Proof Coins and four coin set.
The US Mint have been issuing American Eagle Gold coins every year since 1986. With the exception of some very minor details the design of these coins have remained largely unchanged in the three decades since. The coins are struck from crown gold, which is to say 22ct gold, consisting of 91.67% Gold tempered with 3% Silver and the balance being comprised of Copper. This alloy, while still mostly gold, makes the coin more durable and less prone to damage and wear.
The American Eagle Gold coins are available in four denominations and sizes. These would be the 1oz, 1/2oz, 1/4oz and the 1/10oz coins. In addition to being available individually the coins are also obtainable as part of a four coin set.
The reverse of these coins was designed by sculptor Miley Busiek, and features a nesting family of eagles. A male eagle, with wings spread, flying over a nest that holds an awaiting female eagle and two eaglets. The larger male eagle is carrying an olive branch in his outstretched talons. The legend reads : “UNITED STATES OF AMERICA”, “E PLURIBUS UNUM” and “IN GOD WE TRUST”. The denomination and gold content is described to the bottom , along the rim.
“1 OZ. FINE GOLD ~ 50 DOLLARS” appear on the 1oz coin, changing for each of the four coins to reflect it's weight. The 1/2oz coin is denominated as $25, the 1/4oz coin becomes $10 and finally the smallest of the four – the 1/4oz has a $5 legal tender value. Naturally this is purely academic as the actual gold content of the coins far supercedes the marked denominations in reality.
The obverse is an adaptation of the renowned Saint-Gaudens Double Eagle $20 coin, which was originally issued in the US between 1907 and 1933. Named for its designer, Augustus Saint-Gaudens, it features a full-length figure of Lady Liberty walking towards the viewer. Her flowing hair swept by the wind, she is holding a torch in her right hand and an olive branch in her left. An oak branch lies at her feet and the Capitol Building can be seen in the distant background. An ornate border of stars frames the scene with rays of light emanating from the horizon behind Liberty. The word “LIBERTY” appears to the top and the date, “2017”, to the lower right.
American Eagle Gold Proof Coins along with their silver counterparts are arguably the flagship numismatic products of the US Mint each year, and as such they emanate from the West Point Mint, the US Mint's most secure minting facility.
Each of these proof quality coins as well as the four coin set is shipped, encapsulated, in a luxurious satin-lined velvet presentation case, accompanied by an individual Certificate of Authenticity. No order limit or production limit have been placed on the coins and as such market demand will determine the final mintage figures.
Pricing for these coins are also determined by prevailing market conditions, such as the current market value of gold, and is determined by the United States Mint's pricing schedule for products containing gold. These products are priced according to the range in which they appear on the United States Mint Gold Coin Pricing Grid.
At the time of launch, 2nd March 2017, the prices were as follows : 1oz coins - $1560.00, 1/2oz coins - $795.00, ¼ oz coins - $410.00 and the 1/4oz coins were listed for $175.00 each. The four coin sets were listed for $2890.00 per set.