1991 PF 70 GAE set

Gold Coins
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About the coins

The 1991 Gold Eagle Proofs were the last in the series to bear the Roman numeral date designations. After 1991, both business strike and Proof Gold Eagles would be adorned with Arabic numeral dates. For this reason, collectors covet the 1991 Gold Eagle Proofs.

Original Total Mintage Summary:

As a group, with a total of 224,709 Proof coins minted, the 1991 Gold Eagle Proofs are the smallest issue by total mintage among all the Gold Eagle Proofs bearing Roman numeral dates. After 1991, Proof mintage totals would become smaller over time, and no group would ever again exceed 70,000 total coins minted in any one year. Curiously, with only 50,411 Proof coins minted, the 1991 $50 Gold Eagle Proof was the rarest of the group. This marked the only time that the $25 Gold Eagle Proof would not be the rarest by total mintage.

NGC Certified Population Summary:

Additionally, through June 26, 2009, a total of only 401 four coin Gold Eagle Proofs sets from 1991 had been certified by NGC in Proof 70 condition.

Key World Events for 1991:

January 16:

After Iraq fails to withdraw from Kuwait by the UN Security Council’s January 15 deadline, Operation Desert Storm commences to liberate Kuwait.

February 26:

Setting fire to Kuwaiti oil fields as they retreat, the Iraqi army withdraws from Kuwait.

March 4:

A primitive form of the World Wide Web goes online setting the stage for the Internet boom.

April 17:

The Dow Jones Industrial Average closes above 3,000 for the first time in history.

August 19:

Soviet President Mikhail Gorbachev is placed under house arrest in the Crimea in an attempted coup led by Vice President Gennady Yanayev. The coup collapses 72 hours later setting off a chain of events over the next two weeks that lead to the collapse and ultimate dissolution of the Soviet Union.

October 15:

After a contentious and scandalous confirmation hearing, Judge Clarence Thomas is confirmed to the United States Supreme Court by a Senate vote of 52-48.

December 25:

Mikhail Gorbachev formally resigns as President of the Soviet Union and on New Year’s Eve the Soviet Union officially ceases to exist.

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