The 2004 Gold Eagle marked a temporary peak for the gold bullion sales numbers after several years of growth. Mintages increased by small amounts for the one ounce, one-half ounce, and one-tenth ounce coins with a small decline for the one-quarter ounce coin. Overall sales of the Gold Eagle bullion coins would experience declines for the next three years of the series.
As customary, the United States Mint produced a line of 2004 Proof Gold Eagle collectible coins. The coins were first available on May 24, 2004, including individual options for each denomination as well as a 4 Coin Set. Price levels for each product were increased from the prior year due to the rising price of gold. The one ounce, one-half ounce, one-quarter ounce, one-tenth ounce, and 4 Coin Set were priced at $675, $335, $175, $90, and $1,175, respectively. Production limits were in place for each individual coin and the set.
During 2004, the price of gold briefly dipped below $400, but then moved higher in the second half of the year. The price of gold began the year at $416.25 per ounce, and closed the year at $435.60 per ounce.
2004 Gold Eagle Specifications
Mint Mark: none (bullion), W (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)
2004 Gold Eagle Mintage
Bullion Mintage: 417,019 (1 oz), 98,040 (1/2 oz), 72,014 (1/4 oz), 250,016 (1/10 oz)
Proof Mintage: 28,215 (1 oz), 27,330 (1/2 oz), 28,839 (1/4 oz), 35,131 (1/10 oz)