Today, August 6, 2013 at 12:00 Noon ET, the United States Mint began sales for the 2013 William Howard Taft $1 Coin Cover. This is the 27th release within the American Presidency $1 Coin Cover Series.
Each cover features two 2013 William Howard Taft Presidential Dollars sourced from the first day of production at the Philadelphia and Denver Mint facilities. The coins are mounted on a display card and placed within an illustrated envelope posted marked August 6, 2013, Cincinnati, OH. The date represents the first day the product was available to the public, and Cincinnati, OH is where the William Howard Taft National Historic site is located. The President and Chief Justice was born at the site and spent the first 25 years of his life there.
The coin covers are priced at $19.95 each. The product limit is established at 20,000 units. This is the same limit applied to this year’s earlier cover for William McKinley, but lower than the previous cover for Theodore Roosevelt, which was limited to 22,000 units.
Product sales for this year’s covers have reached 12,659 units for McKinley and 12,855 units for Roosevelt.
Numismatic Gold Coin Price Decrease Possible
Based on the available data, there is a possibility that prices will be decreased for the United States Mint’s numismatic gold products. The initial pricing for the upcoming 2013 Reverse Proof Gold Buffalo will also be established.
Gold products are currently priced based on an average gold price within the range of $1,300 to $1,349.99. The available data suggests the possibility that the average for the latest weekly period may fall one tier lower.
In the most likely scenario, if the Wednesday AM London Fix price for gold is below $1,278, then a one tier price decrease would take place. Impacted products would include the remaining 2012 First Spouse Gold Coins, 2013 commemorative gold coins, 2013 Proof Gold Eagles, 2013 Proof Gold Buffalo, and 2013-W Uncirculated Gold Eagle. These products would see their prices decreased by the proportional equivalent of $50 per ounce of gold content. Price changes have generally been made effective around mid-morning on Wednesday.
The initial pricing for the 2013 Reverse Proof Gold Buffalo scheduled to begin sales on August 8 would also be determined. If the Wednesday AM price is below $1,278, then the initial price for the coins would be $1,640. If the Wednesday AM price is $1,278 or above, then the initial price would be $1,690.