- USA Coin Book
- Bullion Coins
- American Gold Eagle
- 1999-W : Unfinished Proof Dies
1999 W American Gold Eagle Bullion Coins : Unfinished Proof Dies
$5 Tenth Ounce Gold
Metal Composition: 91.67% Gold - 3% Silver - 5.33% Copper
Diameter: 16.5 mm
Mass / Weight: 3.393 grams
What this coin looks like (obverse, reverse, mint mark location, special features, etc.):
The 1999-W $5 Gold Eagle is a highly unusual and valuable coin. This coin is actually an uncirculated coin struck using unfinished (or unpolished) proof dies. It actually resembles the burnished uncirculated coins that would be produced years later. Before 2006: The "W" mint mark was typically only displayed on proof gold eagles and not the uncirculated ones - except in this case.
Sometimes these coins are known as "emergency issues". There was a massive demand for gold coins in 1999 due to uncertainty involving Y2K (a theory that most computers around the world would fail because their clocks could not support the year "2000"). Typically the $5 tenth ounce gold eagles were produced in volumes of around roughly 250000 on average each year - but they produced 2.7+ million of them for 1999. People wanted gold as a safeguard against a potential Y2K collapse and so the West Point Mint used their unpolished proof dies in a rush job to produce 14500 more coins to sell. Only the $10 quarter ounce gold eagle was produced using unfinished dies as well. The gold eagle demand and production dropped dramatically during the next year.
MELT VALUE: $117.92
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