Cannon’s Auctions presents a focused Gold Bullion American Eagles online auction closing September 15, 2026, in Richmond, Virginia. This special sale features 18 individual 1998 United States American Gold Eagle $50 coins. Each coin contains one full troy ounce of fine gold, giving buyers access to a well-known United States bullion coin in a simple online auction format.
Each 1998 American Gold Eagle is a regular bullion strike. The coins are made from 22-karat gold, with a stated fineness of .9167. However, each coin still contains a full one troy ounce of pure gold. As a result, the complete auction represents 18 troy ounces of fine gold offered across 18 separate lots.
The American Gold Eagle is one of the most recognized modern U.S. bullion coins. Moreover, its design connects modern bullion ownership with classic American coin art. The obverse uses Augustus Saint-Gaudens’ famous image of Liberty. She appears holding a torch and olive branch. Meanwhile, the reverse of the 1998 issue features Miley Busiek’s family of eagles design.
Each coin carries a $50 face value. However, bullion value is based primarily on its gold content rather than its legal-tender denomination. Therefore, bidders should consider the current gold market when evaluating each lot.
Because all 18 coins are the same date and denomination, buyers can bid according to their own goals. For example, bidders may pursue a single American Gold Eagle or attempt to acquire several lots. Likewise, investors, bullion buyers, coin collectors, and precious-metal buyers may all find this auction of interest.
The auction is conducted entirely online by Cannon’s Auctions in Richmond, VA 23294. Please review individual lot photographs and descriptions before bidding. As always, bidders should rely on their own inspection and evaluation when determining condition and value.
