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.
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.
Other 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.