1989 1 OZ AMERICAN GOLD EAGLE PROOF

Description

The 1989 1 oz American Gold Eagle Proof coin holds significant value and historical importance in the realm of numismatics. Here’s an overview:

Date and Mint Mark:

• Minted in 1989, this coin is part of the American Gold Eagle series, one of the most iconic gold bullion coin programs in the world.
• The coin does not bear a mint mark, indicating it was minted at the West Point Mint in New York, as most proof versions of American Gold Eagles are produced there.

Proof Finish:

• Being a proof coin, it features a mirror-like background finish with frosted design elements. This contrasting effect enhances the intricate details of the coin’s design.

Obverse Design:

• The obverse features the iconic Saint-Gaudens design of Lady Liberty holding a torch and an olive branch striding forward with the Capitol building in the background.
• Inscriptions include “LIBERTY” above Lady Liberty, the year of mintage “1989,” and the motto “IN GOD WE TRUST.”

Reverse Design:

• The reverse showcases a family of eagles, with a male eagle flying above a nest containing a female eagle and hatchlings.
• Designed by Miley Busiek, this depiction symbolizes American family values and strength.
• Inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” the coin’s denomination “50 DOLLARS,” and the gold content “1 OZ. FINE GOLD.”

Gold Content and Purity:

• This coin contains 1 troy ounce of .9167 fine gold (22-karat gold), as mandated by the specifications of the American Gold Eagle series.
• Its weight and gold content are guaranteed by the United States government.

Collector Value:

• Proof American Gold Eagles are highly sought after by collectors due to their stunning presentation, limited mintages, and status as official legal tender in the United States.
• The 1989 edition is particularly desirable among collectors as it represents a specific year in the series’ production history.

Investment Potential:

• Beyond their numismatic value, American Gold Eagles also serve as a reliable and tangible investment in gold, offering a secure store of wealth.

Overall Significance:

• The 1989 1 oz American Gold Eagle Proof represents a blend of artistry, history, and intrinsic value. It reflects the enduring legacy of American coinage and the nation’s commitment to producing high-quality gold bullion coins.

Owning a 1989 1 oz American Gold Eagle Proof allows collectors and investors to appreciate both the beauty of its design and the security of its gold content, making it a prized possession in any numismatic or precious metals portfolio.