Today, July 9, 2013 at 12:00 Noon ET, the United States Mint began accepting orders for circulating quality 2013 William Howard Taft Presidential Dollars. These are available in an array of rolls, bags, and boxes containing examples of the coin with either the “P” or “D” mint mark.
The William Howard Taft Dollar features a portrait of the 27th President designed by Barbara Fox and engraved by Michael Guadioso. The surrounding inscriptions include his name, “In God We Trust”, the order of the Presidency, and the dates served “1909-1913”. The reverse design of the coin by Don Everhart features a rendition of the Statue of Liberty which has appeared in common for each issue of the series. The inscriptions include “United States of America” and the denomination expressed as “$1”. Incused edge lettering contains the date, mint mark, and motto “E Pluribus Unum”.
This represents the third release of the series for this year and the twenty-seventh overall release for the series. Following the Treasury Department decision announced in late 2011, the new releases of the series are no longer produced for circulation. Rather they are only available within numismatic products offered by the United States Mint.
The products released today feature circulating quality coins packaged in 25-coin rolls priced at $32.95 each, 100-coin bags priced at $111.95, 250-coin boxes priced at $275.95 each, and 500-coin boxes priced at $550.95 each. Each option can be ordered containing coins with either the “P” or “D” mint mark. All products feature packaging which incorporates the name of the President, mint mark, and face value of the contents.
There are no stated product limits or household ordering limits. Previously published coin production figures indicate that the US Mint facility at Philadelphia has struck 4.76 million Taft Dollars, while the Denver Mint has struck 3.36 million. Until the close of the calendar year, it is still possible for the Mint to restart production of the coins.
Numismatic Gold and Platinum Product Price Decrease Possible
Once again, the available data indicates that a price decrease is possible tomorrow for the US Mint’s numismatic gold and platinum products. Any potential change will remain largely dependent on the Wednesday PM prices for each metal.
Generally, pricing changes for gold and platinum products take place when the average London Fix price for the current weekly period moves into a higher or lower tier. However, as a secondary criteria, the Wednesday PM London Fix price must agree directionally with any change.
As was the case last week, the weekly average price for gold is in the $1,200 to $1,249.99 range and the average price for platinum is in the $1,300 to $1,349.99 range. These are each one tier lower than the pricing tiers currently in effect.
In order for a price decrease to take place for gold numismatic products, the Wednesday PM gold fix price must fall below $1,250. Similarly, for a decrease to take place for the single platinum product, the Wednesday PM platinum fix price must fall below $1,350. If the price decrease does occur, prices for impacted products would be reduced proportionally by $50 for each ounce of metal content.
As shown on the most recent weekly numismatic product sales report published today, recently sales have been slow across many categories. In addition to the typical summer slow down, some collectors may be waiting for the upcoming silver product price decrease and the potential price decrease for gold products.