The 1990 Gold Eagle bullion coins saw the patten of mintage declines continue. Since the American Gold Eagle had fist been offered in 1986, the sales for the coins experienced declines for six consecutive years before levels started to stabilize. As in prior years, US Mint offered the bullion coins in different weights which each carried a different legal tender face value. The one ounce coin had a face value of $50, the one-half ounce coin had a face value of $25, the one-quarter ounce coin had a face value of $10, and the one-tenth ounce coin had a face value of $5.
The specially minted 1990 Proof Gold Eagle was available for collectors. These coins were created with multiple strikes from specially prepared dies to create coins with sharp details and mirror like finishes. The one ounce coins were minted at the West Point Mint and carried the “W” mint mark. The fractional weight coins were minted in Philadelphia and carried the “P” mint mark. The proof coin mintages actually showed an uptick from the prior year levels. The four different size proof Gold Eagles were offered for sale individually, or as part of a 4 Coin Proof Set.
During 1990, the price of gold ranged from a low of $345.85 to a high of $416.83. The cumulative average price of gold for 1990 was $383.51 per ounce. Gold closed the year with a price of $392.75 per ounce.
1990 Gold Eagle Specifications
Date: MCMXC (1990)
Mint Mark: none (bullion), W (one ounce proof), P (fractional proof)
Composition: 91.67% gold, 3% silver, 5.33% copper
Weight ($10 Coin): 0.2727 troy oz (8.483 grams)
Diameter ($10 Coin): 0.866 inches (22.0 mm)
Thickness ($10 Coin): 0.070 inches (1.78 m)
Designers: Augustus Saint-Gaudens (obverse), Miley Busiek (reverse)
1990 Gold Eagle Mintage
Bullion Mintage: 373,210 (1 oz), 31,000 (1/2 oz), 41,000 (1/4 oz), 210,210 (1/10 oz)
Proof Mintage: 62,401 (1 oz), 51,636 (1/2 oz), 62,674 (1/4 oz), 99,349 (1/10 oz)