According to the US Mint’s website, the 2012-W Uncirculated $50 Gold Eagle has sold out. I have also confirmed the sell out directly with the Mint. This is a very surprising development and the issue now seems to represent a new mintage low for the American Gold Eagle program.
The 2012-W Uncirculated Gold Eagle originally went on sale June 28, 2012, which means the product has only been available for about four and a half months. The sell out also occurs with more than one and a half months left within the calendar year.
According to the latest sales report, the US Mint had received orders for 5,796 of the coins. As long as there have not been any huge movements over the past few days, this will represent the new mintage low for Gold Eagles across both bullion and numismatic issues.
The status of mintage low for the series has now changed many times over the past few years. First, the 2006-W Reverse Proof $50 Gold Eagle represented the low with final audited sales of 9,996. Then came the 2008-W Uncirculated $10 Gold Eagle with final audited sales of 8,883. More recently the 2011-W Uncirculated $50 Gold Eagle had sold out with last reported sales of 8,822.
Will the latest mintage low generate excitement and a boost in secondary market prices? Or will collectors simply assume that next year’s release will have an even lower mintage, perpetuating the recent cycle?