Today, November 12, 2013 at 12:00 Noon ET, the United States Mint will begin sales of the 2013 Woodrow Wilson $1 Coin Cover. This will mark the 28th release of the American Presidency $1 Coin Cover series.
Each cover includes two Woodrow Wilson Presidential Dollars which are sourced from the first day of production at the Philadelphia and Denver Mint facilities, which took place on the dates of March 11, 2013 and February 6, 2013, respectively. The two coins are mounted on a display card placed within an illustrated envelope.
The envelope contains a USPS Patriotic Star stamp which is cancelled with a postmark of November 12, 2013, Staunton, VA. The date represents the first day that the product was available for sale and the city represents the location of the Woodrow Wilson Presidential Library & Museum.
The coin covers are priced at $19.95 each. There is a product limit of 20,000 units. The same limit was applied to this year’s covers for William McKinley and William Howard Taft. A slightly higher limit of 22,000 units was applied to the cover for Theodore Roosevelt.
As of the most recent report, sales for this year’s covers have reached 13,211 for McKinley, 13,981 for Roosevelt, and 11,242 for Taft.
Numismatic Gold and Platinum Coin Price Decrease Possible
Based on the available data, it is possible that the prices for the US Mint’s numismatic gold and platinum products will be decreased. The initial pricing for the upcoming Ida McKinley First Spouse Gold Coin 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 average of the available London Fix prices for the currently weekly period falls into the range of $1,250.00 to $1,299.99, suggesting a one tier price decrease.
In the most likely scenario, as long as the Wednesday London PM Fix price is below $1,300, then a price decrease would take place. Prices for available gold products would be reduced by the equivalent of $50 per ounce of gold content.
The Ida McKinley Gold Coins, which are scheduled to begin sales on November 14, 2013, would be priced at $840 for the proof version and $820 for the uncirculated version.
Platinum products are currently priced based on an average platinum price within the $1,450 to $1,499.99 range. The average available London Fix prices for the current period falls into the range of $1,400 to $1,449.99, suggesting a one tier price decrease.
In the most likely scenario, as long as the Wednesday London PM Fix price is below $1,450, then a price decrease would take place. The prices for the 2012 & 2013 Proof Platinum Eagles would be reduced by $50.
Price changes have usually been implemented around mid-morning on Wednesday.