Latest and Greatest, 2nd Ed.
51 - 2001-W $50 AMERICAN GOLD EAGLE, PROOF
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Coin Details
Origin/Country: |
United States |
Design Description: |
BULLION - ONE OUNCE GOLD AMERICAN EAGLES |
Item Description: |
G$50 2001 W EAGLE |
Full Grade: |
NGC PF 70 ULTRA CAMEO |
Owner: |
Cellgazer |
Owner Comments:
While the price of gold prepared for a long string of uninterrupted annual sales, demand for the 2001 Gold Eagle bullion coins receded. The one ounce coin set a new record low mintage, while the one-half and one-quarter ounce coins fell to their lowest levels in ten years.experienced a decline from the prior year’s mintages.
As with the bullion coins, the 2001 Proof Gold Eagles (Buy on eBay) saw significant decreases in mintages. The one ounce, one-half ounce, and one-quarter ounce proof coins marked all time lows that continue to stand to this day. The reduced interest in Gold Eagles was likely due to a pull back in demand for precious metals combined with the impact of economic conditions, which may have reduced demand for collectible coins. The prices for some of the 2001 Gold Eagles reflect premiums due to the lower mintages and decreased availability.