1989 (P) Proof American Eagle Five Dollar Gold

Coin Details

Auction Record

$1,895 PR70DCAM 05-01-2023 eBay

Description

The 1989 (P) Proof American Eagle Five Dollar Gold is a proof Gold Eagle struck at the Philadelphia Mint, part of the American Eagle Five Dollar Gold 1986 to Date series. The U.S. Mint produced 84,647 examples, making this the lower-mintage of the two mint variants. The obverse features Liberty striding forward holding a torch and olive branch, with rays of sunlight behind her — widely considered the most beautiful U.S. coin design — adapted from the Saint-Gaudens Double Eagle and the reverse displays a family of eagles — an adult and two juveniles — in a nest, designed by Miley Busiek (1986-2020) or an eagle portrait by Jennie Norris, the redesigned reverse introduced in 2021 (2021+). Struck after the transition from silver to clad coinage, as the Mint adapted to modern production methods and record-breaking mintages. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $2.8K. Struck in 91.67% gold, 3% silver, 5.33% copper, weighing 3.39 grams, 16.5 mm in diameter, with a reeded edge. Cataloged as PCGS #9829.