1992-W proof $50 Gold Eagle
In 1992, which was the seventh year in which American Gold Eagle coins were minted, spot gold prices were down for the year and averaged a little below $345. This resulted in a buying opportunity for buyers of the bullion coins, which pushed mintage's up for the year for those coins. Meanwhile, demand for the higher-priced, but scarcer proof coins was down in 1992. All four denominations or sizes of the proof coins saw their sales and thus their final mintages decline for the year. The $50, one-ounce coin came in with a final mintage of 44,826 coins.
The proof coins continued in 1992 to be sold directly by the U.S. Mint to collectors at a premium over their gold content. The coins were sold both individually and in four-coin proof sets. The $50 coin continued to be struck at the West Point Mint, while the fractional coins were produced at the Philadelphia Mint.
Why purchase this PF70 UC 1992-W proof American Gold Eagle $50 coin?
The American Gold Eagle, the flagship gold bullion coin of the U.S. Mint, carries a slightly modified version of the 1908-1933 $20 gold Double Eagle obverse design of a striding, confident Lady Liberty holding a torch that was produced by renowned American sculptor Augustus Saint-Gaudens. On its reverse is a design of an American eagle in flight returning to nest with its young that was created by Miley Busiek for this coin program.
While this design is beautiful in any form, its rendition on a $50, one-ounce proof coin is a sight to see and a thing of beauty. The ultra cameo surfaces that are characterized by frosted design elements combined with deeply mirrored background fields really bring out the beauty of the design to an extent that the bullion coins and fractional-sized proof versions do not.
In addition, a proof 70 example of this coin has no visible distracting marks or blemishes of any kind, and coins of this type are very scarce in the top grade. They make a perfect addition to a collection of Gold Eagles, including an NGC registry set for those who want to compete for the best collection.
NGC has graded 2,134 of these coins, and of those just 31% or 656 coins received the coveted grade of proof 70, while 69% or 1,467 coins received grades of proof 69 or lower.
|Year of Issue:||1992|
|Display Weight:||1 oz|
|Weight in Grams:||31.1032 g|
|Weight in Ounces:||1 oz|
|Legal Tender:||United States|
|Obverse Design:||Saint-Gaudens Double Eagle design|
|Reverse Design:||Family of Eagles|
|Reverse Designer/Engraver:||Augustus Saint-Gaudens|
|Obverse Designer/Engraver:||Miley Busiek|