A newly released US Mint numismatic product sales report includes figures for some closely watched products.
The 2012-W Uncirculated Silver Eagle made its first appearance on the report with sales of 123,801 coins. This accounts for orders placed between the start of sales on August 2 and the reporting date of August 6.
Within a comparable debut period, the 2011-W Uncirculated Silver Eagle had achieved sales of 184,967 coins. This coin continues to remain available for sale at the US Mint with cumulative sales now at 298,284, with another 100,000 included in the 25th Anniversary Set.
We have seen most 2012 US Mint products debut with sales below the levels of the prior year products, so the slower start is not too surprising.
The uncirculated Lucy Hayes First Spouse Gold Coin has reached sales of 2,243 according to the report. Yesterday, this product was marked as “sold out” on the US Mint’s website. Although the latest sales number is 91 units higher than last week, it still represents a significant new low for the series.
The uncirculated Lucretia Garfield Gold Coin, which yesterday I mentioned as a coin to watch, has recently changed to “backorder” status on the US Mint’s website. Typically, the First Spouse Gold Coins have been changed to this status shortly before a sell out. The report indicates sales of 1,973 for this coin, although I suspect the sell out of the Lucy Hayes coin may have spurred a jump in sales after the reporting date.
The complete US Mint sales report can be found on Coin Update News.
Potential Numismatic Gold Coin Price Increase
In a situation similar to last week, the average market price of gold for the weekly period is within the $1,600 to $1,649.99 range, creating the possibility for a price increase. In the most likely scenario, as long as the Wednesday PM London Fix price is above $1,600, then prices for numismatic gold products will be increased by $50 for each ounce of gold content.
Last week, the price increase was avoided since the Wednesday PM Fix price came in just below $1,600.
There should not be any price change for the current, lone platinum numismatic offering of the United States Mint. However, the weekly average price of platinum will set the price level for the upcoming 2012 Proof Platinum Eagle scheduled for release on August 9. Currently, it seems that the price of the coin will be $1,692. This compares to a starting price of $2,092 for last year’s offering. A full post will be devoted to this coin to coincide with the release date.