2012-W Uncirculated Silver Eagle

Today, August 2, 2012 at 12:00 Noon ET, the United States Mint will begin sales of the 2012-W Uncirculated American Silver Eagle. This represents an additional collector version of the coin struck on specially burnished blanks and carrying the “W” mint mark.

The 2012-W Uncirculated Silver Eagle is priced at $45.95 per coin with no stated maximum product limit and no household ordering limits in place.

The US Mint began offering a collectible uncirculated version of the Silver Eagle with “W” mint mark starting in 2006, as part of two of the 20th Anniversary Sets. The 2006-W coin was also subsequently offered for sale individually. For the first year, sales collectively reached 466,573 units, which still stands as the lowest mintage for this version of the coin (excluding the 2011-W which remains on sale and the low mintage variety for the 2008-W).

If the Mint follows recent practice, sales of the 2011-W Uncirculated Silver Eagle will continue concurrently with the new offering. This coin had originally gone on sale September 15, 2011 and has sold 297,629 units individually, with another 100,000 included in the 25th Anniversary Set. The Mint cannot strike any more of these prior year dated coins, but can continue to sell remaining inventory of the product until depleted.

Four Different Collector Versions and More Upcoming Sets

For 2012, there will now have been four different collector versions of the Silver Eagle released. The proof version with the “W” mint mark was released on April 12, 2012 and has sold 526,806 units as of the most recent sales report. The proof and reverse proof coins with the “S” mint mark were available to order between June 7 and July 5, with the last available order total reaching 251,302 units. Completing the group is the uncirculated version with the “W” mint mark released today.

Additional products containing these collector version Silver Eagles are also scheduled for upcoming release. The Making American History Coin and Currency Set scheduled for August 7 will include the proof version with “S” mint mark, and the Annual Uncirculated Dollar Coin Set scheduled for September 6 is expected to include the uncirculated version with the “W” mint mark.

At the beginning of the year, another collector version had also been expected in the form of an uncirculated version with the “S” mint mark. The US Mint later confirmed that they had abandoned plans to offer this product in favor of the San Francisco Set.

With sales of the standard proof version with “W” mint mark lagging year ago levels, it is possible that all of the additional collector versions are cannibalizing sales of the traditional products. US Mint customers may be purchasing fewer of the traditional products and instead allocating these funds to each year’s special products. There has also been a general slow down in sales this year which has broadly impacted most numismatic offerings.


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Comments

  1. Harry Baskins says

    The mint should produce topical coins such as do Canada, Australia, New Zealand, etc. A great start would be American dinosaurs. That would put a charge of interest into collecting U.S. mint products.

  2. Brad says

    Maybe the Mint struck 300,000 of the 2011-W Uncirculated ASE to sell as singles. If so, sales for it could be ending shortly. And, at 400,000 total, it would be the new lowest mintage Unc non-error ASE.

  3. says

    Harry, I’ve thought for awhile that the mint needs to rethink its approach to coins. Art and product quality has been lagging behind world mints like Perth and RCM for years now. The issue of requiring Congressional or other official approval of coins doesn’t really help either.

    I don’t really mind the US Mint continuing its current product line, as there is clearly a broad base of support for the classics, but they should also be experimenting more with new coin design techniques and limited issue releases wherever possible. The 2014 Baseball Hall of Fame coin that is on the way strikes me as a good idea. Quoting Michael’s post here:

    http://world.mintnewsblog.com/2012/08/dome-shaped-2012-crux-southern-sky-5-silver-proof-coin/

    A bill passed by both the Senate and House of Representatives calls for the reverse of the silver dollar and $5 gold coins to be convex to closely resemble a baseball and for the obverse to be concave for dramatic display of the design.

  4. Fosnock says

    How can they still call it the “Annual Uncirculated Dollar Coin Set” when they have not released it for 3 years?

  5. Richard W says

    Way back in 1986 I was so jazzed about a new collectible WOW a beautiful new silver coin with the classic Lady Liberty on the obverse and the image of strength and power on the reverse.With all the offerings of the ASE the last two years man I don’t know,the art work is still the best ever but the WOW is now a woooooh.I have every piece in the series but I’m thinking enough another thing what the hey happened to the drop dead beautiful art work of our original coinage.The material coming out today is mostly amateur caliber.One more rant quality,every piece of expensive collectible material rolling out should be perfect,enough of the TPG nonsense.

  6. Jeff in TX. says

    What if this issue just happens to have a die error amounts it. Watch the interest jump back for awhile.

  7. Richard W says

    Jeff,I really wish you had not said die error someone from the mint may be reading and follow up with a new created (ERROR)

  8. says

    I have every piece in the series but I’m thinking enough another thing what the hey happened to the drop dead beautiful art work of our original coinage.The material coming out today is mostly amateur caliber.

    Not everything is terrible. Joel Iskowitz’s work has been a noted exception to this trend – his work on the Medal of Honor commemorative and the 2011 platinum eagle is extremely good quality and shows how the “classic” style can still be made to work well for the 21st century.

    It’s just there aren’t enough artists like him designing US coins. If the US Mint ever brought back the Chief Engraver position, he would have my vote for it (not that I’d actually get a vote).

  9. RLP says

    Last Burnished ASE error, the ’08/’07 reverse definitely was a winner as far potential value appreciation goes, was happy my original Mint order brought that gift with it.

    The lack of the 2009 proof too was an “error” that irked lots of ASE collectors, especially since 30M plus bullion grade coin were produced but inadequate supplies to produce any proofs???. Somewhat a mile-marker of the Mint’s behavior since (i.e. unpredictable).

    I still favor many older designs: Morgans (obverse), Walkers (reverse), St. Gaudens (Obv & Rev) just to mention a few. The ATB, & Presidential series just don’t have the same degree of “eye appeal” for me personally.

  10. Brad says

    Off-topic, but an interesting development. I noticed that the Lucy Hayes Unc First Spouse coin is showing “backordered” status now. Could it be possible that the Mint was realistic in it’s estimate of how many to strike, and only 2,200 were made? Now THAT would be a nice surprise!

  11. VA Bob says

    I really don’t want the US Mint to make the coin of the week. One, it would dilute the hobby. The Franklin Mint and others all ready service that spectrum of the collector market. Two, it as a UN Mint coin type set collector, I’d be out, unable to afford to collect as I have been. The solution is very simple, the Mint has been producing two silver commemorative coins each year. They need to have proper, interesting (to a wide base) themes and exquisite artwork, not the photo shop, copy and paste stuff we have been getting (with some exceptions). The use of UHR to bring out details would be nice. I’m also not opposed to other metal types, such as copper (good for a change and our wallets). Not all commems would have to be silver dollars either, but I’d stay away from clad. Could you imagine a large, dollar sized coin, in bright copper…maybe even a reverse proof. That would be beautiful. Then there are bi-metallics which the Mint only forayed into once before.

    Off topic – Just got my 2 San Fran sets today. I’m very pleased with the condition.

  12. Eddie says

    I wished they did what they did for the 2006 set and just put unc. ASE S into this set. That would have been great.

  13. WhoHasMyStuff says

    I went down to the US Mint kiosk in downtown DC before noon today and bought the new uncirculated eagle the moment they would sell it to me. It’s a nice coin.

  14. Zaz says

    Probably during WW2 people got tired of seeing the same old Liberty on the half dollar, so guess what? They got the Franklin half a few years later. I wish the mint keeps using this design until 2017 (32 years like the original) and issue just one uncirculated and one proof coin per year until then. The moral of story? We might just get an ugly design replacement for the ASE.

  15. says

    Zaz in the WW 2 days no one was thinking about the coinage designe.My dad my life times partners dad Served on Omaha beach all they were thinking about was survival and saving France from the natzis.

  16. merryxmasmrscrooge says

    Dear Friends,

    Year Quan Minted

    2012W 251,000
    2013W 248,000
    2014W 241,000
    2015W 230,000
    2016W 221,000
    2017W 216,000
    2018W 209,000
    2019W 203,000

    2030W 143,000

    get the picture?

  17. Gary says

    I get the picture! OLD FART coin collectors die and fewer and fewer young people collect coins!

  18. says

    The uncirculated dollar set was a winner for me from the get go,unfortunately it got chopped,with the big gap seems senseless to bring it back.Those missing years would have been one great opportunity to mint limited additions.Just another miss.

  19. Dan says

    It’s hard to believe that there was an unprecedented demand on precious metals so collector’s versions were not minted. If or when QE3 gets underway, we may yet still see another unprecedented demand on these metals.

  20. says

    Supposedly the rush to precious metals is a reflection of distrust of the American dollar and a fear of inflation.The rate of inflation is currently low if you believe the gov stats.I believe more than anything this Euopean debt crisis”is mostly responsible for this run up of metals.If you follow our USA market it shows a lot of confusion,very unstable.We today have a global economy,so if one continent is having issues this reflect world wide.The Euopean debt crisis will eventually get sorted out,but not for a long time,they and we as Americans must operate within our means,uncontrolable debt must be checked,until then we will continue to hav wild markets don’t put your life saving in the gold pot.Collect sensibly.

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