The 1993 Gold Eagle saw an interesting uptick in sales as the price of gold spiked above the $400 level following a sustained run. The bullion coins showed increased mintages across all denominations, particularly the 1 oz size. The fractional weight 1/2 oz, 1/4 oz, and 1/10 oz coins experienced increases, but to a lesser extent.
The 1993 Proof Gold Eagles saw mintages more or less in line with the range which developed and held throughout most of the 1990’s. The US Mint sold the proof coins individually or as part of a four coin set, which contained one of each different weight coin. The 1 oz. coin was minted at the West Point Mint and carries the “W” mint mark. The remaining denominations were minted at Philadelphia and bear the “P” mint mark. For the first time, the US Mint established maximum mintages for each coin, although final sales were well below these levels.
The US Mint produced a special Philadelphia Bicentennial Set for 1993. This set contained the precious metals coins produced at Philadelphia, namely the 1993 Proof Silver Eagle, and the 1/2 oz, 1/4 oz, and 1/10 oz. Proof Gold Eagles. A medal was also included with the set which sold 12,689 units.
During 1993, the price of gold spent the first two and a half months of the year around the $330 level, before beginning a five month run that would bring the price above $400 per ounce. Subsequently, gold declined back to the $350 level, before rising once again to reach $391.75 to close the year. The cumulative average price during 1993 was $359.77 per ounce.
1993 Gold Eagle Specifications
Mint Mark: none (bullion), W ($50 proof), P ($25, $10, $5 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 mm)
Designers: Augustus Saint-Gaudens (obverse), Miley Busiek (reverse)
1993 Gold Eagle Mintage
Bullion Mintage: 480,192 (1 oz), 73,324 (1/2 oz), 71,864 (1/4 oz), 210,709 (1/10 oz)
Proof Mintage: 34,369 (1 oz), 43,819 (1/2 oz), 46,464 (1/4 oz), 58,649 (1/10 oz)