Yesterday, April 10, 2014, the United States Mint began accepting orders for the 2014-W Uncirculated American Silver Eagle. The coins were launched during a busy week, which also saw three other numismatic releases, the sell out of the Baseball Hall of Fame Silver Dollars, and the CCAC’s discussion of a potential redesign for the Silver Eagle.
The numismatic offerings for the American Silver Eagle have become some of the US Mint’s most popular products. In recent years, the individual proof offering has become the Mint’s top seller in terms of unit sales, exceeding the sales level of the traditionally popular annual proof set. For the three prior years, special anniversary sets containing Silver Eagles with special finishes have created considerable excitement for collectors. Somewhat out of the spotlight, the US Mint has also been offering an annual collectible uncirculated version of the coin.
The collectible uncirculated or “burnished” American Silver Eagle had been introduced in 2006 as part of the 20th Anniversary Silver Eagle Set. The coins were described as having been struck on specially burnished blanks and carrying the “W” mint mark. For the inaugural year, the coins were offered as part of two different anniversary sets as well as individually, reaching combined total of 466,573 coins.
In the following two years, the collectible uncirculated Silver Eagles were offered individually and within a newly introduced Annual Uncirculated Dollar Coin Set. Sales were relatively robust, reaching 621,333 coins in 2007 and 533,757 coins in 2008 across the product options. In 2009 and 2010, the offering was canceled due to high demand for bullion coins and the requirements of the law in place at the time.
The offering would be resumed in 2011, reaching individual sales of 309,927 plus an additional 100,000 included in the 25th Anniversary Set for a total of 409,927. In 2012, the coins were offered individually and within the relaunched Annual Uncirculated Dollar Coin Set, reaching sales of 230,872 across both options.
The prior year 2013-W Uncirculated Silver Eagle reached sales of 178,941 when it sold out in December 2013, however the coin still remains available within the 2013 Annual Uncirculated Dollar Coin Set which has sales of 37,343. Across both options, this makes for a total of 216,284 coins and counting.
This year’s 2014-W Uncirculated American Silver Eagle features the standard design of Adolph A. Weinman’s depiction of Walking Liberty on the obverse paired with John Mercanti’s heraldic eagle design on the reverse. The coins are struck on specially burnished blanks and carry the “W” mint mark on the reverse. Each coin is struck in .999 fine silver with a weight of 1.0000 troy ounces and diameter of 40.60 mm.
The US Mint has offered the coins without a stated maximum mintage or household ordering limit.
Initial pricing for the coins is $43.95. Orders fulfilled through the US Mint’s Online Subscription Program are charged the discounted price of $39.55. Last year, the offering had initially been priced at $48.95 per coin, but was reduced to $43.95 following a decline in the market price of silver.