2013-W Uncirculated $50 Gold Eagle

Sales for the United States Mint’s 2013-W Uncirculated $50 American Gold Eagle will begin today June 6, 2013 at 12:00 Noon ET. This represents a numismatic version of the popular bullion coin, offered in addition to the traditional proof versions of the coin released in April.

2013-W Gold Eagle

This collectible uncirculated version of the coin is struck on specially burnished blanks with a finish similar to the bullion counterpart. The coin is more clearly differentiated by the appearance of the “W” mint mark on the obverse, as opposed to the bullion version which does not contain a mint mark.

The US Mint introduced the collectible uncirculated version of the American Gold Eagle in 2006.  A one ounce coin was included in the 20th Anniversary Gold Eagle Set and a separate 20th Anniversary Gold and Silver Eagle Set. Later the same year, the Mint also offered individual one ounce, half ounce, quarter ounce, and tenth ounce coins, as well as a four coin set. The same individual options and four coin set were offered for the next two years in 2007 and 2008.  Towards the end of 2008, it was announced that the fractional sizes would be discontinued with only the one ounce size to be offered in future years. The incredible demand for bullion coins would result in the cancellation of the numismatic offering for both 2009 and 2010.

The collectible uncirculated Gold Eagle finally made its return in 2011 and reached sales of 8,822 units after roughly eight months of availability. Last year’s 2012-W Uncirculated Gold Eagle went on sale June 28, 2012 and sold out unexpectedly on November 9, 2012. Last reported sales were a mere 6,118 coins, representing the  lowest mintage of the series across all bullion and numismatic issues.

This year’s 2013-W Uncirculated $50 Gold Eagle is offered without a stated mintage limit and no household ordering limit. Each coin is struck in 91.67% gold and contains 1 troy ounce of gold content.

The price of the offering is $1,725 based on an average market price of gold in the $1,400 to $1,449.99 range. The price may be adjusted weekly based on changes in the market price of the metal.

set11Other US Mint Products For Today

The 2013-P Perry’s Victory Five Ounce Silver Uncirculated Coin will also be released today at 12:00 Noon ET. This product was covered in a separate post published yesterday.

Also, the ordering window for the 2013 West Point Silver Eagle Set will officially close today June 6, 2013 at 5:00 PM ET. This makes today the last opportunity for collectors to place order the special set containing American Silver Eagles with reverse proof and enhanced uncirculated finish.

The most recent indication shows that orders have been placed for 251,695 sets.

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Comments

  1. says

    With all these new products coming out, I wonder if we might see a surge in AtB sales and uncirculated ASE sales as everyone piles in to order all these products, plus the West Point set, at once.

  2. says

    Noticed something interesting on the Perry’s Victory product page after I completed my order.

    Mintage Limit: None

    What do you think, guys? Careless mistake?

  3. Rich says

    CO – I think that’s a good point, I know I did that this past Tuesday with the ASE’s and annual sets.

    Here’s the rub though…, there’s still the special sets hanging out there (Teddie, 5 Star, etc.) that have piqued my interest and of course, the RP Buff.

    The Mint has got to these items on the product release schedule and at least give an indication of what the contents may be so WE can at least guesstimate their associated cost.

    I really feel that the Mint isolates their true numismatic customer base by being so closed lipped about these things. How many times have you read on this post others saying, “hey, I gotta budget for this stuff if I care to maintain my collection”?

  4. Kraw says

    Definitely no slow down on the Mint site, got my Perry, WP, White mountain and annual Silver/Uncirculated sets all in. The Perry shows in stock, White Mountain still backordered.

  5. Dan in Fla says

    I noticed that mintage limit yesterday Captain but think its a typo. I’m over extended now and will have to put off the purchase of this AGE. Hopefully the price doesn’t rise in the meantime.

  6. anonymous says

    Goldmart sent out an email on 4 Jun announcing a price drop on PCGS PR70 set to $290 NGC PR70 set to $240. On checking their website the price has dropped again to $275 and $235 respectively.

    There are two labels available for PCGS – west point first strike label and us flag first strike label, and two labels for ngc – star label and standard label.

    Which of these four sets would be the one to get?

  7. Brian says

    I looked earlier today and the NGC ones were sold out at Goldmart.

    So I guess get the PCGS ones. The flag label would be my choice. I think some collectors like to have all their labels with a uniform look.

    (My actual choice for myself is OGP though.)

  8. thePhelps says

    I still believe the 70 sets are going to so numerous on this set the price is going to go down. I don’t need a graded set so it really doesn’t matter to me what they are selling them for – I’d bet at least 1 of mine would grade out to a 70 when I have it.

    If I was getting a graded set – I’d go with the PCGS 70 and who cares about first strike since all it is – is a shipping label. I’ll be glad when the naive buyers of that label finally realize they are paying for air and hoping to sell air in the future to another naive buyer.

  9. anonymous says

    I think at $275 a graded set is reasonable, that’s $135 more than mint cost but I think first strike grading is like $50 per coin plus shipping and that’s assuming my 3 OGP sets get shipped within the first 30 days which is not looking likely (ship date 8/30 even though one of the first orders in) and assuming I would get one 70 pair out of 3 sets….. too much roll of the dice….

    Last year I got burned on the SF sets read bad, so few graded 70’s were found that out of my 4 sets got only one 70 pair, the 69’s aren’t worth much extra so that was like $400 in grading fees to get one good 70 set.

    I’ll just pay the $275 this time to get a certified set and hope the price goes up not down. I think the west point label looks nice. Hard to choose which label.

    I’m wondering what the difference is between PCGS and NGC that commands a $50 or higher premium most retailers. Should I get a NGC set also?

  10. fosnock says

    PCGS – Has a better reputation, IE they are suppose to be more stringent than NGC

  11. thePhelps says

    Perry info is definately a typo… this is from the release annoucement dated 5/30/13

    “Mintage for each of the 2013 America the Beautiful Five Ounce Silver Uncirculated Coins is limited to 25,000 units.”

  12. Dan in Fla says

    OGP is fine with me. I think people are crazy for paying such premiums for an opinion. Again I do not like the idea of sending my coins in and maybe getting back someone ease coins.

  13. says

    Ray,

    Thanks for pointing that out, I hadn’t thought to look on the Great Basin product page.

    thePhelps,

    I figured it probably was but I thought I’d point it out in case the mint had decided to switch to some kind of “mint to demand” stance.

  14. Rich says

    WP ASE sets begin to ship on Monday, 10 June, right? I was thinking the 28th for some reason.

  15. Rich says

    Never having had a coin graded, how much of a turn around would you expect from receipt from the Mint and back from TPG before we actually see sets hit TV and the secondary market? Just curious, thanks!

  16. thePhelps says

    Tough day on the wallet… Perry and some more WP sets and a couple of bullion 5 oz.

    30 minutes to buy your last W coin sets!

  17. VABEACHBUM says

    I just finished placing my order for the Perry 5 oz’r and the 2013 Mint sets. Not even the slightest indication of a slowdown within the Mint’s website.

    WRT GoldMart’s revised pricing. I had been expecting that to happen, although probably not this quickly. Most of the their target market is smarter than they would give them credit. They probably got tired of seeing those brand new sets collecting dust on the shelves. The revised pricing appears much more reasonable, yet also provides them the opportunity to pay their bills. I still think we might see even lower pricing on some of these graded sets.

  18. simon says

    Placed my order at 5:01p EST. Rec’d confirmation mail. Let’s hope they accept it !!!

  19. says

    West Point set ordering seemed to end with a whimper. I suspect now that we weren’t seeing overwhelming demand for the product so much as jockeying to be first in line to get those all-important “First Strike” designations and to be the first to eBay with an MS/PR 70 set.

  20. Dan in Fla says

    I was just looking at the Mints website and they still have the WP set up for sale. Total numbers to be updated tomorrow at 3 PM as of now 251,695 is the tally.

  21. IPS_STUFF says

    I notice a comment from RICH regarding 6/10 shipping date?

    Does anyone have an expected ship date on their order that is earlier than 6/17/13. Looking for some comments on dates that others have.

    My wife placed an order on the same day, approximately 4200 orders later and has 7/11/13 for ship date.

    Thanks

  22. IPS_STUFF says

    Dan – they have it up, but if you try to purchase is will not be available for purchase. FYI

  23. Dan in Fla says

    Sorry guys, I wanted to say that I placed three orders and the last has been moved up to 6/17/13 from 7/11/13 maybe the cancellations moved it up.

  24. Hidalgo says

    I just checked the US Mint’s website for the West Point ASE set. The website states:

    2013 American Eagle West Point Two-Coin Silver Set (S40)
    The product you have selected cannot be purchased at this time.
    Sold Out

    As Dan says above, 251,695 sets were sold as of today’s posting. The final estimated numbers (minus returns) should be posted tomorrow.

  25. Dan in Fla says

    IPS Check her order as mine were all placed on the first day and the last one now moved up to 6/17/13.

  26. Brad says

    My 5/9 order still has an “expected” ship date of 7/11, up from the original 7/25. It was placed about 3 hours after sales opened. It could still end up being moved up to June at some point, though.

    If it really takes them until the end of September to ship all these out, expect as many cancellations as last year’s SF set. Unless, that is, this set proves to be a winner on the secondary market.

  27. Rich says

    Thanks for the input on the ship date, I found a mid-June date on the mint site, so 6/17 is accurate for now.

  28. Dustyroads says

    Captain, you may be right when you said that the high traffic at the start of the ordering window for the WP sets was due to those wanting First Strike labels, but I think it was more of a case of a combination of pent up frustration and an influx of new buyers in the numismatic community. I don’t think it was the sell outs of 2012 alone that has driven in so many new buyers, but a new group of people that began back in `07 to `11 noticing and wanting to be a part of buying gold or silver coins. I think this will cool down some day soon, but it looks to me like the coin collecting world has grown!

  29. thePhelps says

    My order on the 9th still shows the 7/11 shipping date. That was moved up early on from 7/25 as well. Dusty – I am a new buyer to these sets as well. I stopped collecting for several years and only recently started again and missed the 06 to 11 sets. (figures)

  30. larry says

    I am going with this one being a winner. The enhanced uncirulated makes the san fran set somewhat obsolete considering first of its kind and will not be included elsewhere. ASE reverse-been there done that, but still a favorite for me and others.

    The more cancels the better……

  31. Rich says

    Wow…, only 251,695 sold with the final 2 hours yet to post.., so add perhaps ~ 15,000 and call it $265,000 not taking into consideration cancellations (minus ~15-20k?)…, that’s a LOW final sales number!

    What do you all think?

    I recall Michael’s 14 March post that introduced the coin set.., so much enthusiasm and a lot of expertise out here that I respect had sales mostly in the 275 to 300k+ range. Some as high as 350 -400k. And the set ends up in the ball park of the ’12 SF set…, that says a lot.

    From a business perspective, I would consider this set a failure (though I’m happy with the prospects of a lower mintage). The mint invested heavily in new technology on a core product, increased man power cost for the process, marketed heavily relative to the SF set, and had tentative final sales within 5% of the SF set prelim sales. I dare say they were forecasting considerable more in sales.

    Probably too early to identify all the influences, though the 35% drop in silver may have exerted price pain on many and the mint now knows the market saturation point for future ASE specials set.., about 225k

    I would love to know how many set were sold to retailers/flippers…, I suspect 100k+ given first day sales. Many on this blog bought on the second day and bought 2-5 sets if posts were accurate. Just guessing there’s 40k to 50k of us collecting say, 2.5 sets each and that works into your sales number.

    This set will do well long term once the initial market dump occurs AND the mint doesn’t turn the lasers on to ASE sets every year, and institutes a household buy limit on future special set.., otherwise I fear it will follow the valuation of the ’06 Buff and just end up having another commodity as opposed to something truly unique. You all enjoy this beauty when it arrives! 🙂

  32. ClevelandRocks says

    Dear Mint:

    Enough with the special ASE sets!

    Thank you,
    Mint Customer

  33. says

    This was a no brainer..with regular proof eagles wholesaling around $60 a coin..
    $70 a coin for low mintage coins is a low risk gamble.

    1994 proof ASE’s are $120 and up…1995 P’s are $75 and up. with much higher mintages.

  34. Dustyroads says

    I’m assuming the laser enhancement cleans up imperfections, maybe it’s the Mints way of trying to decrease the number of returns.

  35. says

    I don’t mind if the Mint does a special set every year as long as the set contains a new “unique” coin…which I doubt they can do. Besides a High Relief coin, I don’t see too many more options

  36. Ray says

    Anyone else thinking that with all the mint put into this, and the relatively low return they received, that we’re going to now without a doubt see more enhanced products in order for them to try to recoup costs. they should turn these lasers onto the clad procudts. i’d buy an enhanced clad uncirculated set for sure. they could do some really cool/fun stuff with all the quarter designs. should be interesting whatever happens. i’ll be staying tuned for years now.

    i dont know a collector who doesnt think they should be making UHR products. kind or insane that they’re not imo. just one UHR coin in the mints history. i like the independent thinking with the enhanced coin, and maybe they didnt want to play second fiddle to the perth mint with UHR products. Now that they have this special enhanced coinage, maybe we will see UHR coins down the road.

    2013 west point enhanced coin will without a doubt be a standout and long term winner. i the end i bought 10 sets from the mint, and 4 graded sets. i just cant see this set losing long term. thanks for the info/link to that goldmart store. people are paying $100+ more than what they are selling their graded sets for. thanks all!!

  37. fmtransmitter says

    Anyone else get their order confirmation of shipping for the 2012 LESPS? Mine is on the way. Better late than never.
    Agreed on this set being a LONG term winner. Got 2 OGP. Again, sell one and buy a graded set makes the most sense. I like too many World Coin products at this point. Some stunning things happening in Numismatics around the world. Peace…

  38. simon says

    FMTx : My set is due tomorrow. Looking forward to it. I purchased one at release and liked it tremendously so I decided to pick up a second toward the end of availability.

  39. Dustyroads says

    Ray, Yes, I’m sure the US Mint will want to use the enhancement process again, it’s the wave of the future! I don’t know about the water vapor process, sounds like yours and some others experiences are with water spots, I ordered the WM P last week and am hoping mine is clean. That process may be giving them more trouble than the laser treatment.

    Maybe it is time for a new design for the 1 oz. silver dollar, but what would be excepted by the public well enough to take the place of the walking liberty?

  40. thePhelps says

    The laser wasn’t bought just for the enhanced ASE.They used it on the 5* general dollar and I believe they announced it will be used on proofs going forward. Which proofs get the laser – I don’t know – but there isn’t an extra expense with this set over any other because of the laser. Had there been I am pretty sure they would have set the price higher, not lower before the release.

  41. joe says

    Michael –

    Dumb question: Can you explain why the ASE Unc and Proof coins cost less than the gold Buffalo Proof coin? It appears they both have the same PM content. Is there some other difference? Thanks in advance!

  42. joe says

    I agree with many others that OGP is the best way to go. However, if you ever want to sell or buy a coin online, then graded coins are the best way to go. There is just too much money at risk purchasing an OGP coin online, and I have personally been burned purchasing coins this way. With many unethical sellers out there, TPG coins at least provide a “middle-man” opinion on a coin’s quality. JMO.

  43. says

    Ray,

    I would not say the West Point set was a failure at all. Remember the general trend of the mint’s products has been downward. Had they released another reverse proof set like last year’s, sales would have certainly tanked. They didn’t hit this one out of the park in terms of sales, but they certainly did not do badly either. Any coin set that scores a mint $35,224,715 (assuming the sales odometer is accurate) is no failure in my book.

    I’m not sure how the lasers would be used for an uncirculated set exactly. In his April 12 post, Michael described the technology: The United States Mint has recently started using new laser frosting technology on certain numismatic coins. Rather than using a single uniform level of frosting, multiple levels of frosting can be applied to enhance or visually distinguish certain elements within the coin design.

    So it would appear this process really only works on proof coins. That gives us the proof versions of the circulating coins, silver eagles, gold eagles, buffaloes, first spouses, and commemoratives to potentially work with. My personal hope is that we see the proof AtB quarters permanently “enhanced” with this new technology, as they seem like they would benefit the most from laser enhancement. I think the proof gold buffalo would probably also benefit from this process substantially.

    In the case of high relief, I think it’s past time the mint did a high relief proof silver eagle.

  44. thePhelps says

    Samuel – selling online – people prefer to buy graded if possible.

    joe – I’ve bought hundreds of coins in OGP and have only gotten one questionable coin.

  45. Hawkster says

    Several commenters have referred to a special “Teddy” set which is supposingly being offered this year. I have not seen any information on this set. What exactly are we referring to in regard to such a set?
    Obviously, Teddy Roosevelt is on one of the Presidential dollars being offered this year, but what additional coinage will be devoted to him?

  46. Dustyroads says

    That’s a lot of proof quarters to use the enhancement process on. Don’t you think that would slow down production?

  47. Dan in Fla says

    Joe – Its probably because they use .9999 (24kt) gold instead of 91.67 (22kt).

  48. thePhelps says

    Hawkster – it was reported on this site back at the end of last year that the mint planned a special TR set sometime this year. There hasn’t been any further news that I have seen stating what the set would involve or include. Many collectors are interested due to TR’s numistic history and are quietly waiting for the set to be announced.

  49. JBK says

    Re: gold coins – all one ouncers contain the same amount of gold – it is just that the Buffalos have no other metal mixed in, but the GEs have other metals alloyed with the one ounce of gold. So, the GE contains once ounce of gold but weighs more than an ounce due to the addtional metals.

    As to why the price difference, I have no idea….

  50. Eddie says

    I think it is great that the Mint is trying to mix things up with the ASE. I just wished they would do a UHR ASE in the next couple of years.
    It would be very nice if they did a UHR Kennedy plus a few other things for next years anniversary.They could even put an enhanced Kennedy those would be nice for the anniversary.

  51. fmtransmitter says

    @Simon:
    Let me know how the set looks. I am worried these “extra” found 2012 LESPS’s are returned items for defects or quality issues as the Mint stated to me that NO OTHER COINS were minted to re-issue those sets. If mine is junk it is going back.

  52. Jus-a-coin-luvr says

    Updated numbers are on the Mint website for the AE 2-coin set.

    Today’s updated number is 281,310 which is a 29,615 increase over the number posted on July 6th (last day of sale).

  53. Tim says

    Next year I want a fractional set!!! 1oz, half oz, quarter oz, and tenth oz! UHR finish would not hurt my feeling either!!!

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