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1987 50 Dollar 1-oz Gold Eagle Proof NGC PF70
An Amazing Example of a Less-Than-Successful Mintage
1987 saw its fair share of economic trouble, including the devastating stock market crash on October 19th. Even before that event, however, the U.S. Mint was having issues selling their 1987 American Gold Eagles.
One year prior, the U.S. Congress introduced the American Eagle Bullion Program to incredible success. How odd, then, that in its second year, the program was forced to make drastic production cuts due to low demand! In fact, it would take more than a decade before mintages of the Gold Eagles began to near their original numbers.
But, despite the challenges faced by the bullion Gold Eagle coins, the specially-struck PROOF Gold Eagles continued to attract eager collectors to the program. Minted in 91.67% fineness and containing a full ounce of pure gold, this 1987 American Gold Eagle Proof has a face value of $50 and features the now-classic image of Lady Liberty walking forth with her torch and olive branch. The reverse features the image of an American bald eagle as it carries a similar branch back to its nest where he is greeted by his mate and eaglets.
Unlike its half-ounce counterpart, which bears the "P" mint mark to indicate a Philadelphia mintage, this 1987 50 Dollar 1-oz Gold Eagle Proof was struck in West Point and is marked with a "W." An immaculate piece of numismatic history, these proofs have been graded by Numismatic Guaranty Corporation (NGC) as being in Proof 70 (PF70) condition — meaning you'll never find a more perfect example of this exquisite mintage anywhere else!
|Year of Issue||1987|
|Mint Name||U.S. Mint|
|Coin Weight||33.93 Grams - g|
|Weight||1 Ounce - oz|