1987 Proof Gold American Eagle - 1 Troy Oz

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The 1987 American Gold Eagle Proof Coin

Introduction to the 1987 American Gold Eagle Proof Coin

The 1987 American Gold Eagle proof coin is a highly sought-after collectible from the United States Mint. As part of the prestigious American Gold Eagle series, this coin is known for its exquisite design and craftsmanship. The 1987 proof edition features the iconic Lady Liberty on the obverse, designed by Augustus Saint-Gaudens, and a family of eagles on the reverse, symbolizing American unity and strength. Minted in 22-karat gold, it combines collectible appeal with investment value, making it a cherished item for both numismatists and gold investors. The 1987 proof coin is particularly notable for its historical significance and artistic merit.

The 1987 American Gold Eagle coin is a cornerstone in the realms of numismatics and investment, offering a blend of historical significance, artistic merit, and tangible asset value. As one of the early issues in the American Gold Eagle series, it marks a pivotal point in the U.S. Mint's history of producing quality gold bullion coins. The coin's design, featuring Augustus Saint-Gaudens' famed Lady Liberty and a family of eagles, is celebrated for its artistic beauty, attracting both collectors and enthusiasts. In terms of investment, its composition of 91.67% gold, 3% silver, and 5.33% copper, rendered in 22-karat gold, makes it a sought-after asset for diversifying portfolios. The proof version, known for its superior finish and limited mintage, holds additional allure for numismatists, often commanding a premium over the spot price of gold. Over the years, the 1987 American Gold Eagle has demonstrated potential for appreciation, making it a valuable piece for both precious metal investors and coin collectors.

The 1987 American Gold Eagle proof coin was released during a pivotal era in American coinage and economics. Its introduction was part of the American Gold Eagle program, which began in 1986 following the passage of the Gold Bullion Coin Act of 1985. This legislation marked a significant shift in U.S. monetary policy, allowing the production of gold coins for investment purposes, a practice that had been discontinued for decades.

The mid-to-late 1980s was a period of economic growth and optimism in the United States under Ronald Reagan, and the issuance of these coins reflected a renewed interest in gold as an investment vehicle. The 1987 proof coin, with its intricate design and gold content, was particularly appealing to collectors and investors alike. This era also saw heightened activity in the precious metals market, with gold being a popular hedge against inflation and currency fluctuations.

The launch of the American Gold Eagle series, including the 1987 proof coin, represented the U.S. Mint's response to the growing global market for bullion coins, competing with other popular international gold coins like the Canadian Maple Leaf and the South African Krugerrand. This context underscores the 1987 American Gold Eagle's importance as a symbol of America's re-entry into the gold coin market and its broader economic implications.

The Liberty Coin Act, signed by President Ronald Reagan in 1985, had a significant impact on the United States' precious metals market. This act authorized the creation of the American Eagle Gold and Silver Bullion Program, marking a substantial change in U.S. coinage. It allowed the U.S. Mint to produce gold and silver bullion coins for the first time in several decades, aiming to compete with other popular international bullion coins. The Act facilitated Americans' access to invest in precious metals, thus broadening the options for individual investors and collectors. This move also reinforced the global presence of U.S. minted coins in the international market.

The Design of the 1987 American Gold Eagle Proof Coin

The obverse side of the 1987 American Gold Eagle proof coin features an adaptation of the iconic Lady Liberty design by Augustus Saint-Gaudens, one of America's most acclaimed sculptors. This design originally graced the $20 Saint-Gaudens gold double eagle coin minted from 1907 to 1933. In the depiction, Lady Liberty is portrayed in a full-length figure, striding forward with a torch of enlightenment in her right hand and an olive branch symbolizing peace in her left. She is set against a backdrop of the U.S. Capitol and the rays of the sun. Her hair flows freely in the wind, and her robe drapes elegantly around her. Bordering the edge of the coin are 50 stars, representing the 50 states, a modification from the original 46 stars in Saint-Gaudens' time. On the right side of the coin's obverse are the Roman characters for 1987 - MCMLXXXVII. This design beautifully captures the spirit of freedom and the essence of American ideals, making the coin not just a piece of currency, but a work of art.

The reverse side of the 1987 American Gold Eagle proof coin features a design by sculptor Miley Busiek, in collaboration with engraver Sherl Joseph Winter. This design depicts a family of eagles, symbolizing American unity and strength. The scene shows a male eagle in flight, returning to his nest where a female eagle and their hatchlings await. The male eagle carries an olive branch, reinforcing themes of peace and family unity. This imagery is set against a backdrop of the United States, with the words "United States of America," "E Pluribus Unum," and "In God We Trust" surrounding it. Included on this reverse side is the Troy ounce weight and fifty dollar face value written as, "1 oz. Fine Gold ~ 50 Dollars." The design reflects the enduring values of American society, emphasizing family, strength, and unity, and captures a sense of patriotic pride.

Composition and Specifications of the 1987 American Gold Eagle Proof Coin

The 1987 American Gold Eagle proof coin is notable for its meticulously defined purity, weight, and dimensions. Crafted from 22-karat gold, it boasts a gold content of 91.67%, complemented by an alloy of 3% silver and 5.33% copper. This composition, known as crown gold, is traditional for gold coins, enhancing their durability while preserving their shine. The most commonly sought 1 oz version of this coin has a weight of about 1 troy ounce or roughly 31.1 grams. The series also includes fractional sizes of 1/2 oz, 1/4 oz, and 1/10 oz, each proportionate in weight. In terms of size, the 1 oz coin measures approximately 32.7 mm in diameter and 2.87 mm in thickness, with the fractional denominations being correspondingly smaller. Priduced at the West Point Mint in New York, and indicated by the mint mark W on the obverse, only 147,498 of these coins were produced. These precise specifications, strictly regulated by the U.S. Mint, guarantee the high quality and authenticity of each coin.

The minting process of the 1987 American Gold Eagle proof coin involves several stages that distinguish it from ordinary bullion coins. Proof coins are struck with special care, using polished dies and planchets (coin blanks), to ensure a more detailed and mirror-like finish. The dies are often struck multiple times on each coin, enhancing the design's sharpness and clarity.

Unique features of the 1987 American Gold Eagle proof coin include its frosted, detailed images that contrast against the mirror-like background, giving it a distinctive cameo effect. This meticulous process results in coins with exceptional luster and detail, making them highly prized among collectors. Additionally, the proof coins typically have lower mintages compared to their bullion counterparts, adding to their rarity and collectibility.

The 1987 American Gold Eagle proof coin stands apart from standard bullion American Gold Eagles in several respects. It boasts a distinctive finish, characterized by a mirror-like background and frosted, finely detailed images, creating a striking cameo effect. This contrasts with the more matte appearance of bullion coins. Produced in smaller quantities, the proof coins are rarer and often more coveted by collectors, whereas bullion coins are primarily targeted at investors for their precious metal content. Additionally, the proof coins are typically sold in protective display cases with a certificate of authenticity (COA), emphasizing their status as collectibles. In contrast, bullion coins are usually offered in simpler packaging, focusing on their value as an investment in gold. These differences make the 1987 Proof Gold Eagle a preferred choice for collectors, valued for its artistic design and rarity in addition to its gold content.

The 1987 American Gold Eagle proof coin holds significant appeal for both collectors and investors, blending artistic beauty, historical significance, and historical value. For collectors, its allure is rooted in its exquisite image design by renowned artists Augustus Saint-Gaudens and Miley Busiek, its status as an early issue in the American Gold Eagle series, and its limited production, contributing to its rarity. Investors are attracted to the coin for its gold content and potential appreciation in value over time, seeing it as a hedge against inflation and a means of diversifying their investment portfolios. The proof coin's superior finish and craftsmanship further enhance its desirability, making it a coveted item for both numismatists and those seeking a tangible asset in precious metals.

​ The 1987 American Gold Eagle Proof coin holds immense appeal for numismatists and collectors of numismatology. Crafted with exquisite precision, this coin embodies the numismatologist's passion for the study of coins and their historical significance. Its exceptional design and purity make it a prime example of numismatological excellence. Numismatologists and numismatist's alike value this coin for its unique place in the world of numismatologies. The 1987 American Gold Eagle Proof coin is a testament to the artistry and craftsmanship that numismatologists hold dear, making it a prized addition to any collection.

Why Collect the 1987 American Gold Eagle Proof Coin?

The market performance and rarity of the 1987 American Gold Eagle proof coin have been influenced by several factors. As a relatively early issue in the American Gold Eagle series, it enjoys a degree of rarity that appeals to collectors. This rarity, combined with its historical significance and aesthetic appeal, can drive its market value above the historical gold value. The coin's performance in the market also depends on the fluctuations in gold prices and the overall demand among collectors and investors. Typically, proof coins, with their higher quality and lower mintage compared to bullion coins, tend to hold their value well and can even appreciate over time, especially in the eyes of numismatists.

The value of the 1987 American Gold Eagle proof coin is shaped by a combination of factors, including its mint year, condition, market demand, valuable gold content, and rarity. Being one of the early issues in the American Gold Eagle series, the 1987 coin holds historical significance that enhances its appeal. Its condition is paramount; coins in top, unblemished condition are highly prized. Market demand influences its value, with collector and investor interest playing a crucial role. The value of its gold content also impacts its overall worth, subject to fluctuations in gold prices. Lastly, its rarity, stemming from limited mintage and availability, further augments its desirability and value in the eyes of collectors and investors.

The enduring legacy of the 1987 American Gold Eagle proof coin lies in its embodiment of American minting excellence and its representation of the nation's rich numismatic history. As one of the early releases in the American Gold Eagle series, it set a high standard for quality and craftsmanship in precious metal coinage. Its blend of historical design, featuring Lady Liberty and the family of eagles, with a high degree of artistry, makes it a coveted piece among collectors. Additionally, its investment appeal due to its gold content and potential for value appreciation contributes to its lasting significance in the world of numismatics and precious metal investing.

The 1987 American Gold Eagle proof coin holds a prominent role in numismatic history as it represents a key chapter in the evolution of modern American coinage. It signifies the United States Mint's re-entry into the production of gold coins for collectors and investors, following a long hiatus. This series, particularly the proof editions, marked a renewed emphasis on combining artistic design with investment value. As such, the 1987 Gold Eagle proof coin is not only a symbol of America's rich minting tradition but also a pivotal piece reflecting the intersection of numismatics and investment in precious metals.

Storing the 1987 American Gold Eagle proof coin requires careful consideration to maintain its condition and value. It's recommended to keep the coin in its original protective packaging or a coin capsule to prevent scratches and exposure to air and moisture. For added security, store it in a safe deposit box, a home safe, or a secure storage facility designed for valuable collectibles such as the Money Metals Depository. Regularly inspect the coin for any signs of damage or deterioration, and consider consulting with a numismatic expert for advice on long-term preservation, or call our friendly customer care phone number Mon-Sat who are happy to help you. 

Buying and Selling the 1987 American Gold Eagle Proof Coin

When purchasing a 1987 American Gold Eagle Proof coin, it's essential to consider the current spot price of gold. Research the average market price from reputable dealers to ensure fair pricing. Be cautious of unrecognized sellers, especially on auction websites. Reputable dealers display transparent pricing with spot prices, premiums, and bulk purchase discounts.

When selling this coin, understanding the day's gold spot price and average premiums is crucial. Sell to reputable dealers to ensure a smooth transaction and avoid potential issues with unknown or unverified entities. Money Metals Exchange offers a straightforward selling process without a minimum selling price, providing clarity and convenience to sellers. Contact our customer service team for assistance.

People should consider buying the 1987 American Gold Eagle proof coin for its blend of numismatic appeal, historical significance, investment value, and artistic beauty. It's an ideal choice for collectors due to its design, rarity, and place in American coinage history. For investors, its historical gold value and potential for appreciation make it a worthwhile addition to a diversified investment portfolio. Additionally, owning such a coin connects one to a piece of American history and offers the satisfaction of holding a tangible asset with enduring value.

At Money Metals, we offer the 1987 American Gold Eagle Proof Coin for sale. This exquisite coin is a testament to our commitment to providing high-quality precious metal products to our customers. Each coin comes in its original mint packaging, complete with a Certificate of Authenticity, guaranteeing its purity and authenticity. With a focus on fair pricing and top-notch products, we cater to both investors and collectors looking for a piece of history, to hedge against inflation, build a personal store of value, and protect their wealth. Don't miss the chance to own this iconic coin from 1987. Invest in your future with confidence.

Money Metals Exchange does not have a minimum selling price, so when we say we will buy the item from you it can be for any amount but you will be made fully aware of that amount before you send your metal item(s). Money Metals Exchange lists the sell-to-us price on most product pages and you can call in directly Mon-Sat during normal business hours to speak with one of our customer service representatives at our phone number:

1-800-800-1865

Money Metals Exchange has been in business since 2010 and has maintained an A+ rating with the Better Business Bureau (BBB) and has received thousands of 5-star reviews from satisfied customers all over the United States. Money Metals has been awarded the prestigious title of Best Overall Precious Metals Dealer by Investopedia multiple years in a row.

If you have any questions (FAQ) about the 1987 American Gold Eagle Proof coin, another year of the proof coin, an American Eagle proof set, a gold American Eagle coin, American Silver Eagle (silver eagles), Proof Silver Eagle, silver bullion coins, commemorative silver coins, storing your precious metal items in the Money Metals Depository, prices, buying or selling to Money Metals, payment method, shipping, insurance, delivery, or anything else, give us a call:

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Product Specifications
Mint Facility: US Mint
Denomination: $50.00 USD
Date: 1987
Quality / Type: Proof
Purity: 91.67% gold (22 karat), 3% silver, 5.33% copper
Metal Weight: 1 oz. - 1 troy ounce (1.0909 gross)
Diameter: 1.287 inches (32.70 mm)
Edge: Reeded
Obverse: Standing Liberty
Reverse: Nesting Eagles
Sell to Us

We are buying this item back daily, and we pay you promptly!

Our current buy pricing is $2,101.30 each and we will buy up to 10 ounces at this price. Simply call us on any weekday to lock pricing at 1-800-800-1865.

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Insured Value Cost
Up to $198.99 $7.97
Insured Value Cost
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