1999 $10 Gold Eagle NGC MS 70 CABRAL

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In 1999, because of the Y2K scare, the demand for gold skyrocketed! In turn, because Gold American Eagles by law have to be minted to meet public demand, Mintages for all gold coins in 1999 were extremely high.

So high, that the Mint struggled to keep up with demand and Quality Control took a backseat. That’s why coins were accidentally struck with unpolished proof dies. Not only that but because they were trying to turn coins out so fast most of the coins were struck very poorly.

The Mint in 1999 struck 564,232 $10 Gold Eagles and after 24 years only 341 coins have ever received a flawless grade in perfect MS 70 by NGC. (Thats less than 15 coins per year)

• Percentage-wise, 1999 saw one of the lowest MS70 rates because they were struck so poorly.
• Gold American Eagles are the most widely collected of all gold coins and 1999 $10 Gold Eagles in MS 70 are extremely difficult for collectors to find as they almost never come up for auction. This means down the road collectors have to come to you.
• Currently, the price is undervalued. Take a look at the 1986 $10 Gold Eagle in MS 70. The 1986 sells for 20-30% more than the 1999 $10 Gold in NGC MS 70. The 1986 has a high mintage comparable to the 1999s, however in MS70 the 1986 $10 Gold Eagle has a population NEARLY 3 TIMES that of these 1999s. (1986 Population in MS 70 is 1,135)
• Scarce, Low Populated Gold American Eagles in perfect MS 70 have consistently outperformed Gold Bullion, Silver Bullion, and even the DOW JONES over the last 20 years.