Today May 22, 2014, the United States Mint has started accepting orders for the 2014-W Uncirculated $50 American Gold Eagle. This represents a collectible uncirculated version has typically seen a low final mintage compared to the more popular bullion and proof issues.
The obverse design of the coin features the classic full figure depiction of Liberty by sculptor Augustus Saint Gaudens. The reverse features a depiction of a family of eagles designed by Miley Busiek. Both designs have been used across all bullion and collector coins of the series since 1986.
The 2014-W Uncirculated Gold Eagles are struck on specially burnished blanks with a finish similar to the bullion counterparts. The coins are more clearly differentiated by the placement of the “W” mint mark on the obverse below the date. Each coin is struck in 22 karat gold and contains 1 troy ounce of gold content.
As in prior years, the United States Mint has offered the coins without a stated mintage limit and without a household ordering limit. Initial pricing is $1,575.00 per coin based on a weekly average gold price within the $1,250 to $1,299.99 range. Pricing may be adjusted weekly based on changes in the average market price of gold.
As mentioned, the collectible uncirculated Gold Eagles have typically seen low final mintage levels. The mintage levels for the bullion versions are driven in large part by precious metals investment demand. The proof versions, which have been offered since 1986, have a larger collector base which drives higher sales and mintage levels. The collectible uncirculated version was introduced in 2006 for the 20th anniversary of the series and has seen relatively slow sales in recent years.
The 2012-W Uncirculated Gold Eagle currently holds the lowest mintage for any coin of the series at just 5,829 pieces. (See all Gold Eagle mintages here.) Last year, the 2013-W Uncirculated Gold Eagle sold out with last reported sales of 7,293 pieces.