2013 William Howard Taft Presidential $1 Coin Cover

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.

William Howard Taft $1 Coin Cover

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

goldBased 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.

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Comments

  1. Brad says

    If the Wed am fix is below $1,278, here’s to hoping the “Wednesday Rebound” can be avoided this time and the pm fix stays below $1,300! It looks like it’s gonna be close!

  2. Leo S says

    First Spouse Collectors

    The Mint has just announced that they have finalized the 5 FS coins for 2013 and they will start releasing them in early fall. Maybe the Mint can get their act together for 2014 and we won’t have to wait so long next year.

  3. Brian says

    I have read many comments on Wednesday morning gold price manipulation since I have been reading this blog and thought I should comment:

    It would take a huge amount of buying or selling by an individual or small group of individuals to move the market price of gold by any appreciable amount. Do any of you really think that a trader will risk tens or hundreds of millions of dollars in the gold market on Wednesday morning just so a coin collector will have to spend $50 more on a gold coin?

  4. fmtransmitter says

    No Brian but I do think they will risk it for other reasons. They do it everyday and it is the average Joe that gets screwed.

  5. Larry says

    Looking at the long term gold chart, gold is slowly but surely headed down. Unfortunately, the one month period to buy the RP Buffalo probably isn’t long enough to make much difference either way. If it was on sale for a year, might be worth holding out till the end, but a month is just too short unless we get a black swan event.
    If history has anything to do with it, this coin may be pretty immune to the gold price anyway. The special gold coins of recent history, the RP 2006 Eagle, the 2009 UHR, and the 2008 fractional buffolos, have all done pretty well whether gold is up or down.

  6. DCDave says

    Looking at the long term gold chart (5 year or 10 year), gold will surely head up. Not sure what chart Larry is looking at. Look at housing, stocks, etc. all that have had steep declines after years of going up, go up again, albeit more slowly.

  7. Jus-a-coin-luvr says

    On the Gold Buffs, in past years, has the Mint premium typically been $300-$400 above spot for these kind of coins or is this something new they are doing?

  8. Sam says

    So, if one gets a Reverse Proof, is it worth the cost to have it slabbed at NGC? Guess it depends on the grade received.

  9. Larry says

    I was looking at the one year chart. Guess I should have said that instead of long term.

  10. Samuel says

    dave, it happened to the WM as well. i just received the 5th WM, very very bad quality.

  11. thePhelps says

    Samuel – sorry to hear you are having a hard time getting a good WM… I have to say everyone of the 5 ounce P coins I have gotten has been perfect. I just got my GB coin last weekend and it is a very nice coin as well.

    Now the bullion 5 ouncers…not so much.

  12. JagFan says

    Off Topic – For all of you who are a Gettysburg Fan (from the chatter, there are a few) the BEP is releasing a special set next week (Tuesday) honoring the 150th anniversary…. Limited to only 5k

    Even though there are no coins – it will be a nice set ($5 & a $2 note)..

  13. gary says

    I’d like to get a reverse proof buffalo but with gold in decline so much it’s hands off this one for me. The mintage amounts will be so high, I’ll just wait to pick up one when gold gets to $1,000 an ounce or less by January. Getting one now and getting it slabbed in hopes of a magic 70 grade seems pretty hopeless given how the big players buy new issues by the bushel, prescreen and dump them back to the Mint so fast that the little guys ends up buying a prescreened 69 grade loser, worth less than a coin just left in OGP to begin with.

  14. VARich says

    Hey thanks Jagfan! I had no idea they had these offerings, it’ll complement some era bills nicely – much appreciated!

  15. hawkster says

    im just a bill,

    After 18 comments, it was you who finally got around to mentioning President Taft. Congratulations. And reward yourself with that mustache ride, complements of William Howard.

  16. gary says

    @Ray Even at $1,000 oz gold I’d expect to pay $1,100-$1,200 for the RP My only point was that I’m not in with gold at today’s inflated price. Just my opinion.

  17. ClevelandRocks says

    Gold is deflated. Production costs approaching current pricing. Production is already down.

    Not sure if RP Buffalo will look good. The shiny “beaten metal” background of the regular proof Buffalo makes the coin have nice eye appeal. Not sure a shiny Indian head will look nice with a drab “bullion” background. What do others think?

  18. Dustyroads says

    If you like the RP ASE, then you shouldn’t have any trouble with the RP Buffalo.

  19. Jack says

    Anyone thinking that they will be able to get the RB Buffalo on the secondary market for much less then the mint’s lowest price can think again. Resellers are not going to sell it for much lower then they bought it for no matter what price gold is at. Dreams of a $1,000 RP Buff are as good as done unless gold tanks during the ordering window. And even then I would doubt the mint would lower the price that much.

  20. says

    @ClevelandRocks…personally, I think the Reverse Proof will look awesome…much better than the regular proof. The regular proof has sooo much detail missing, I much prefer the bullion version than the regular proof…it just has a great gold luster and I like it a lot.

  21. says

    While we don’t know how the Reverse Proof Bullalo will grade out, I can tell you that from the NGC population report, the last three years of the regular proof buffalo (2011,2012,2013), 83% has been 70’s.

  22. Samuel says

    the 83%, we have to consider, majority of them are from the dealers and cherry-picked, so high probability to get 70.

  23. says

    Wow…gold is currently at $1278.40.soooo close…as has been mentioned, the London am price needs to be below $1278 for the RP buffalo to be $1640.

    Also, how many of you are tracking the sales of the regular proof buffalo?…it could well be the sleeper and compete with the 2008 and 2012 issues.

    I guess, one of the unknown variables for the 2013 regular proof buffalo is how long will it remain on sale.

  24. says

    Samual…I think with the irregular finish of the buffalo coin, it’s hard to really see any imperfections and predict a grade. It dosn’t have the flat surface that other proof coins have, so I think that anyone sending five coins to be graded would get four 70’s

  25. Barry Coyne says

    Steve, I received my 2013 proof buffalo from the mint several weeks ago, and it is the sharpest strike I’ve ever seen for the entire proof buffalo series. The strike for the proof is every bit as sharp as for this year’s unc., which has not happened before. With gold down below $1300, I don’t think you’ll be disappointed if you order one from the mint in addition to the reverse proof.

  26. fmtransmitter says

    Off topic, sorry Pres. Taft. I received the 2006 “Old Mint” San Fran Commem today. NGC PF70 UC #005 and I am so pleased. What drew me in was the fact that I now can look at a prefect reverse of the famed Eagle design that graces the Morgan dollars. After careful inspection with the loupe this truly is one beautiful coin. Love the story about that building, may she continue to strike our Nation’s best coins and stand forever even during an earthquake as she did before. Good luck to all for lower price on Gold and RP Buff as from reading here, many are in great anticipation of this coin’s release.

  27. Samuel says

    Steve, for the past week, i received an Unc AGE and some WP sets. the common defects of these two different kinds of coins, at least in my case, are teh abrasions on the left hand side rim of the obverse. so, i am very afraid of getting a similar coin. this year i had very bad experience with the mint. i used to get nervous when receive coins from Axxxx, now there is one more – usmint. this yr i buy gold coins late, already 12K+ buffalo sold, so i dont want to take the risk of getting a returned one. i will pass the regular PF, and focus on the RP.

  28. dan says

    hey jagfan – off topic

    Saw that 150th annv of Gettysburgh BEP product but dont quite understand the connection between a 2009 $5 dollar note and a 2009 $2. dollar note. I see the connection with the serial numbers but looked at this just as a way for them to charge $40. for $7.00. Just my opinion, maybe I am missing something.

  29. Johnathan Eugene says

    Does anyone know if the US Mint is planning to start shipping the Reverse Proof Buffalos this month? Or do you think they will wait until after the ordering window like the WP Silver sets?

  30. Evan says

    The US MINT just released the price of the RP Buffalo. $1640. I am looking forward tomorrow. Happy Collecting.

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