Owner Comments:
1989-P $5 Gold Eagle - Mintage: 84,647
From NGC Coin Explorer:
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First struck in 1986, Gold Eagles are one of the world's most popular ways to buy gold. The coins are available in 1/10oz, 1/4oz, 1/2oz, and 1oz sizes, with face values of $5, $10, $25, and $50, respectively.
1989 saw a large drop in mintage of nearly 60,000 pieces to some 84,647 coins struck.
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While the NGC comments are true, it should be noted that proof coinage of the 1/10th oz. Gold Eagles did not begin until 1988, making this only the second year for proof coins in this series.
I purchased this coin directly from the mint in 1989, and finally decided to have it graded. The grade was not too surprising considering that less than half of the coins submitted attain the coveted PF70UC. Unfortunately, this coin was apparently not up to snuff for the NGC graders. So it goes....
Date acquired: 1989 (Directly from the U.S. Mint)
Date graded: 6/4/2021 (self submitted to NGC)
Rev. 6/4/2021