As of last night, it looks like the 2007-W Burnished Gold Eagles are back on sale at the US Mint. These are the collectible versions of the popular bullion coins. They have been struck on specially burnished blanks and carry the “W” mint mark. Sales have been suspended for several months due to the fluctuating price of gold.
The coins are shown as available for purchase. Note that the prices currently listed on the page are not correct. When you complete the check out process, the Mint’s adjusted higher prices will be reflected. The table below shows the former prices and the newly adjusted prices.
|Old Price||New Price||Change|
|1 oz.||$ 831.95||$ 1,045.95||25.72%|
|1/2 oz.||$ 424.95||$ 529.95||24.71%|
|1/4 oz.||$ 219.95||$ 279.95||27.28%|
|1/10 oz.||$ 99.95||$ 119.95||20.01%|
|4 coin set||$ 1,559.95||$ 1,939.95||24.36%|
Based on some reports and comments that I have received, I would speculate that the Mint is selling off its remaining inventory of 2007-W Burnished Eagles. Once these have been sold, no more 2007 coins would be produced. Since this series spent so much of the later half of the year under sales suspension due to the fluctuating price of gold, there are currently some very low sales figures. The following tables shows the sales figures as of January 24, 2008 from Numismaster:
|Sales as of 1/24/08|
|4 coin set||6,619|
Provided that there is not a huge amount of remaining inventory to be sold (and the price of gold remaining stable or up), this series may present a good opportunity for appreciation. Final mintages won’t be known until all of the coins are officially sold out. If the numbers are low enough, these coins may be viewed as the new “keys” to the series.