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About the coins

The 1987 $50 Gold Eagle Proofs are also unique among the Proof series of coins produced from 1986-2008. In 1987, in addition to the $50 Gold Eagle Proof, the United States Mint also produced the very first $25 Gold Eagle Proof in American history: These were the only two Gold Eagle Proofs minted that year and represented the only year that only these two were minted by themselves. Every year thereafter, the U.S. Mint would produce Gold Eagle Proofs in all four denominations and sizes.

Original Total Mintage Summary:

Being the first year the $25 Gold Eagle Proofs were issued, there were a total of 143,398 $25 Gold Eagle Proofs minted in 1987. By total mintage, this makes the 1987 $25 Gold Eagle Proofs by far the most populous and least rare $25 Gold Eagle Proof in the entire series during the first two decades of production. However, it ranks 9th of 22 among NGC Certified Proof 70 populations. There were a total of 147,498 $50 Gold Eagle Proofs minted 1987.

NGC Certified Population Summary:

Additionally, through June 26, 2009, a total of only 402 two coin Gold Eagle Proof sets from 1987 had been certified by NGC in Proof 70 condition.

Key World Events for 1987:

January 8:

For the first time in history, the Dow Jones closes above 2,000.

February 12:

A Unabomber bomb explodes in Salt Lake City, Utah.

May 17:

While patrolling the Persian Gulf, the USS Stark is attacked by an Iraqi fighter jet, killing 37 crewmembers.

May 28:

The Cold War effectively ends when 19-year old West German pilot Matthias Rust lands a private plane on Red Square in Moscow exposing to the world that the Soviet Union had no effective air defense.

October 19:

Black Monday hits the stock market as stock prices fall sharply all around the world.

December 1:

NASA announces the awarding of contracts to four aerospace companies to begin building Space Station Freedom.

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