Today, February 19, 2013 at 12:00 Noon ET, the United States Mint will begin sales of circulating quality 2013 William McKinley Presidential Dollars. These will be available in an assortment of rolls, bags, and boxes with the coins containing either the “P” or “D” mint mark.
The William McKinley Presidential Dollar features a portrait of the former President designed and sculpted by Phebe Hemphill. Inscriptions indicate the order of the Presidency, the years served, and the motto “In God We Trust”. The reverse design of the coin features a rendition of the Statue of Liberty designed and sculpted by Don Everhart with the denomination expressed as “$1”. The date, mint mark, and motto “E Pluribus Unum” appear on the edge of the coin.
Products available from the US Mint include 25-coin rolls priced at $32.95 each, 100-coin bags priced at $111.95 each, 250-coin boxes priced at $275.95, and 500-coin boxes priced at $550.95 each. These are available from either the Philadelphia or Denver Mint and come in special packaging which indicates the name of the President, mint mark, and face value of the contents.
A standard shipping and handling charge of $4.95 applies to all orders. There is an extra charge of $7.95 for each 500-coin box in addition to the standard charge. As mentioned in the past, this makes it cheaper to order two 250-coin boxes instead of one of the 500-coin boxes.
The US Mint indicates that these products will be available for one year from the initial on-sale date or until inventory has been depleted. Some of the 2012-dated Presidential Dollar products have sold out prior to the one year time frame.
The US Mint has added this note to the product pages starting this year: “United States Mint coins are rolled by an automated machine process and not by hand; thus, we cannot guarantee that the obverse (heads side) or reverse (tails) of a coin will be at either end of a coin roll.”
President William McKinley has appeared on other United States Coins in the past. Both occur within the early commemorative coin series.
The first appearance was on the 1903 Louisiana Purchase Exposition Gold Dollar designed by Charles E. Barber. This coin had been issued with two different obverse designs, the other featuring Thomas Jefferson. This coin appearance followed McKinley’s assassination in September 1901.
The 25th President also appeared on the McKinley Memorial Gold Dollar issued in 1916 and 1917. The obverse design was by Charles Barber and the reverse design by George T. Morgan. The coins were authorized in order to raise funds for the completion of a memorial for the fallen President in Niles, Ohio.
Numismatic Gold Coin Price Decrease Likely
Based on the available data, it is likely that the prices for the available United States Mint numismatic gold coin products will be decreased tomorrow.
The average price of gold for the weekly period will likely fall within the $1,600 to $1,649.99 range. This is one tier lower than the range used for the prices currently in effect. As long as the Wednesday PM Fix price is below $1,649.99, then the pricing change would take place.
Prices would be reduced proportionally by $50 for each troy ounce of gold content. Pricing changes are usually made effective around mid-morning on Wednesday. The only gold numismatic products currently available are the proof & uncirculated 2012 First Spouse Gold Coins.