Today, January 2, 2014 at 12:00 Noon ET, the United States Mint will begin sales of the 2014 Civil Rights Act of 1964 Silver Dollars. This represents the first numismatic product release of the year for the US Mint.
The obverse design of the coin features a depiction of three people holding hands at a civil rights march, with one of them holding a sign which reads “We Shall Overcome”. The image is intended to be symbolic of all marches that helped galvanize the civil rights movement. Inscriptions read “Liberty”, “2014”, and “In God We Trust”. The obverse was designed by Justin Kunz and engraved by Phebe Hemphill.
The reverse features three flames intertwined to symbolize freedom of education, freedom to vote, and freedom to control one’s destiny. The design was inspired a quote from Martin Luther King, Jr: “They get the fire hose. They fail to realize that water can only put out physical fire. But water can never drown the fire of freedom.”
Inscriptions read “Civil Rights Act of 1964”, “Signed into Law July 2, 1964”, “E Pluribus Unum”, “One Dollar”, and “United States of America”. The reverse was designed by Donna Weaver and engraved by Jim Licaretz.
The 2014 Civil Rights Act of 1964 Silver Dollars are struck in 90% silver and 10% copper with a weight of 26.73 grams and diameter of 1.500 inches. The silver content of each coin is 0.7736 troy ounces. Both proof and uncirculated versions are struck at the Philadelphia Mint and carry the “P” mint mark.
Pricing for the coins is $49.95 for the proof version and $44.95 for the uncirculated version during an introductory period. After February 3, 2014 at 3:00 PM ET, regular pricing of $54.95 for the proof and $49.95 for the uncirculated coin will go into effect.
The US Mint has indicated that a special Civil Rights Act of 1964 Tell Your Story Set will be released later in the year. The set include a space for someone to share a personal story about their participation in the events leading up to, or how they have been impacted by, the passage of the Civil Rights Act of 1964.
Across all product options, there is a maximum mintage of 350,000 pieces. The ratio of proof to uncirculated coins produced will be based on customer demand.
Gold and Platinum Numismatic Product Price Increase
Based on the available data, there should be a price increase for the United States Mint’s numismatic gold and platinum products this morning.
Due to the holidays, there are fewer than typical London Fix pricing points for the calculation of the weekly averages. However, the available numbers place the gold price within the $1,200 to $1,249.99 range and the platinum price within the $1,350 to $1,399.99 range. These are both one tier higher than the ranges used to establish current prices.
Typically, pricing changes occur on Wednesday, however this could not occur due to the holiday. As a result, prices should be adjusted this morning. Gold and platinum product prices should be increased by the equivalent of $50 per ounce of precious metal content.
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