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About the coin

The 1986 $50 Gold Eagle Proofs are unique among the Proof series of coins produced from 1986-2008. Besides being the very first $50 Gold American Eagle Proofs in Untied States History, in 1986, only the $50 Gold Eagle was produced in a Proof version.

Original Total Mintage Summary:

Being the first year issue of the series, more $50 Gold Eagle Proofs were minted in 1986 than any other year since. In 1986, there was a total of 446,290 $50 Gold Eagle Proofs produced and sold. By total mintage, this makes the 1986 $50 Gold Eagle Proofs by far the most populous and least rare Gold Eagle Proof in the entire series during the first two decades of production. In fact the total mintage of the 1986 $50 Gold Eagle Proofs even outpaces the combined total of Gold Eagle Proofs minted within each of the subsequent years since.

NGC Certified Population Summary:

Additionally, through June 26, 2009, a total of only 929 $50 Gold Eagle Proofs from 1986 had been certified by NGC in Proof 70 condition.

Key World Events for 1986:

January 28:

Space Shuttle Challenger explodes just after launch killing the entire crew, including schoolteacher, Christa McAuliffe.

April26:

The Chernobyl nuclear plant explodes, creating the world's worst nuclear disaster.

July 5:

The Statue of Liberty is reopened to the public after undergoing an extensive renovation.

August 19:

After it had been stolen two weeks earlier, the Picasso painting Weeping Woman is found in a locker at the Spencer Street Station in Melbourne, Australia.

September 5:

With 358 passenger on board, Pan Am Flight 73 is hijacked at the Karachi International Airport by four armed gunmen of the Abu Nidal terrorist organization.

November 3:

A Lebanese magazine runs the first report of what came to be known as the Iran-Contra Affair.

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