American Eagle bullion program started in 1986 with the production of
gold and silver coins and in 1997 expanded to include platinum bullion
coins. It has since proven extremely popular with collectors and
investors. As the program enjoys its 30th anniversary this year, some
issues have become identified as condition rarities in top Mint State
70 and Proof 70 Deep Cameo grades, although rising population reports
for some of these issues have caused concern for collectors who spend
massive sums for these expensive, low-population rarities.
American Eagle half-ounce gold $25 coin, PCGS
Proof 70 Deep Cameo
it’s understandable why bullion issues from the first decade of the
American Eagle program can be rare graded MS-70, it’s less clear for
Proof coins, which were sold directly to collectors in protective
capsules rather than rolls, why some issues from this era can be very
rare at MS-70.
1993 American Eagle half-ounce gold $25 coin is very rare in the
“perfect” grade, and at the March American Numismatic Association
auction, Heritage sold one graded Proof 70 Deep Cameo by PCGS for $11,574.93.
PCGS has graded 136 of these Proof 70 Deep Cameo. In 2014,
GreatCollections sold one for $19,800 in February and another for
$16,500 in October. Part of the reason for the decline in price may be
the rapidly expanding population. When GreatCollections sold a PCGS
Proof 70 Deep Cameo for $22,825 on Dec. 22, 2013, the auctioneer noted
that at that time it was one of just 31 in this grade.
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