2011 Proof American Gold Eagles Availability

by Coin Collecting News on April 14, 2011

The United States Mint on Thursday announced that it would release the 2011 Proof American Gold Eagles on April 21, 2011.

2011 Proof American Gold Eagle

2011 Proof American Gold Eagle Coin

The 2011 Gold Eagles will make their appearance nearly six months earlier than the 2010 issues, and they will debut at much higher prices given that gold has reached new all-time record highs on more than one occasion in the last few months.

The prices for the Proof American Gold Eagles will not be known until April 20, 2011, which is the Wednesday prior to the release. That is the day when the United States Mint reviews the weekly averages of precious metals prices and determines whether to increase or decrease its gold coin prices.

Like last year, the United States Mint will offer four sizes of the Proof American Gold Eagles. These include the fractional 1/2 oz, 1/4 oz and 1/10 oz sizes and the biggest 1 oz. Mintage limits and prices for each will be different. The Mint will also offer a four-coin set which includes all the coins packaged in a presentation case.

For reference, the news announcing the American Gold Eagles follows.

2011 American Eagle Gold Proof Coins Available April 21

WASHINGTON – The United States Mint will begin accepting orders for the 2011 American Eagle Gold Proof Coins at noon Eastern Time (ET) on April 21, 2011. The coin options and their mintages are as follows:

 PRODUCT
CODE

 PRODUCT

 PRODUCT
LIMIT

 MINTAGE
LIMIT

 AK1

 One-Ounce Coin

 30,000

 70,000

 AK2

 Half-Ounce Coin

 15,000  

 55,000

 AK3

 Quarter-Ounce Coin

 16,000

 56,000

 AK4

 Tenth-Ounce Coin

 30,000

 70,000

  AK5

 Four-Coin Set

 40,000

 N/A

 

Pricing for the American Eagle Gold Proof Coins will be based on the United States Mint’s pricing structure for precious metals products. Current pricing information is available at http://usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat

Orders will be accepted at http://www.usmint.gov, at 1-800-USA-MINT (872-6468) and at various United States Mint sales centers. Hearing- and speech-impaired customers may order by calling 1-888-321-MINT (6468). A shipping and handling fee of $4.95 per order will be added to all domestic orders. 

The obverse (heads side) of the 22-karat gold American Eagle Gold Proof Coins features Augustus Saint-Gaudens’ rendition of Liberty holding a torch in her right hand and an olive branch in her left. The reverse (tails side) features sculptor Miley Busiek’s design of a male eagle carrying an olive branch, flying above a nest containing a female eagle and her eaglets. 

American Eagle Gold Proof Coins are struck multiple times and feature a frosted foreground and mirror-like background, giving them a special cameo effect. Each coin is sealed in a protective capsule and mounted in a handsome, satin-lined velvet presentation case accompanied by a Certificate of Authenticity.

About United States Mint

The United States Mint, created by Congress in 1792, is the Nation’s sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time of April 21, 2011, noon ET shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint’s Frequently Asked Questions, Answer ID #175.

{ 2 comments… read them below or add one }

Jon Welker April 2, 2012 at 3:38 pm

What is the difference between a product limit and mintage limit?

Thank you

Coin Collecting News Staff April 3, 2012 at 3:10 pm

The mintage limit is the maximum amount produced of any single coin. In an example, the U.S. Mint will not produce more than 70,000 of the one ounce proof coin. Now, any item sold by the U.S. Mint is a “product,” whether it is one coin sold by itself or multiple coins packaged together within a set. Using the same example, there are two products above that include the one ounce proof coin. The single coin “AK1” product has a product limit of 30,000, meaning the U.S. Mint will not sell more than that amount even though 70,000 of coins may be in the Mint’s inventory. The reason is that 40,000 of them are reserved for inclusion in the four-coin set, or the “AK5” product.

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