1989 PF 70 GAE set

Gold Coins
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Original Total Mintage Summary:

In 1989, the mintage totals for the individual denominations of the Gold Eagle Proofs were significantly less than the mintages for 1988. As a group, the Gold Eagle Proof mintage totals fell by over 75% for the individual denominations compared to the 1988 mintages. Of these, the $25 Gold Eagle Proofs saw the most drastic mintage drop with only 44,798 total Proofs minted. This represented a more than 88% reduction in the prior mint totals for the 1988 $25 Gold Eagle Proof and places the 1989 $25 Gold Eagle Proof in the upper tier of the most rare Proofs in the entire series.

NGC Certified Population Summary:

Additionally, through June 26, 2009, a total of only 216 four coin Gold Eagle Proofs sets from 1989 had been certified by NGC in Proof 70 condition.

Key World Events for 1989:

February 14 :

The first of 24 satellites necessary for the Global Positioning System is put into orbit.

March 4:

The plans for a merger between Time Inc. and Warner Communications are announced.

March 24:

The oil-tanker Exxon Valdez runs aground in Alaska’s Prince William Sound spilling 240,000 barrels of oil.

May 16:

Surgeon General C. Everett Koop publicly reports that nicotine is addictive.

June 4:

The Chinese student protests in Tiananmen Square come to a climax as the army comes into the square in tanks and the massacre is covered live on television.

July 26:

Robert Tappan Morris, Jr., a Cornell University student, becomes the first person prosecuted under the Computer Fraud and Abuse Act for releasing a computer virus.

August 24:

Pete Rose agrees to a lifetime ban from baseball for gambling activities, which prevents him from being inducted into the Hall of Fame.

November 10:

In a celebratory mood, Germans on both sides of the Berlin Wall begin tearing down the wall, one of the most iconic symbols of the Cold War.

December 3:

In mutually released statements from Malta, US President George Bush and Soviet President Mikhail Gorbachev indicate the Cold War between their countries is coming to an end.

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