June 29, 2012 – Coin collectors may order the newest annual gold numismatic issuance from the United States Mint. The 2012-W $50 Uncirculated American Gold Eagle Coin officially went on sale June 28th at 12 noon EST.
The spot price of gold is little changed from the AM fix yesterday. The AM fix showed $1,567.75 from yesterday’s $1,567.50. Silver is trading at $26.93 per troy ounce.
Pricing for the one ounce Gold Eagle is set at 41,828.00, but is of course subject to change on a weekly basis according to the US Mint’s precious metal coin pricing policy. There are no household ordering limits or mintage caps on the 22-karat release.
The uncirculated coin has been stuck as a collectors’ version of the American Eagle Gold Bullion Coin. Each is composed of one troy ounce of gold with a small amount of both silver and copper added to give the metal additional durability.
“Struck on specially burnished blanks, the coin bears a finish similar to its bullion counterpart but has a ‘W’ mint mark, indicating its production at the United States Mint at West point,” the US Mint describes the uncirculated Gold Eagle.
On the obverse of the American Gold Eagle is Augustus Saint Gaudens’ inscription of liberty. The iconic coin design was first used by the US Mint on the 1907 Double Eagle and has become internationally known as one of the most recognizable coin faces. The reverse is a depiction of Miley Busiek’s conception of a male eagle carrying an olive branch.
Uncirculated American Eagle Gold coins made their US Mint debut in 2006 in collaboration with the 20th anniversary celebration of the American Eagle Program—which debuted itself in 1986 with the bullion and proof editions. During the first couple years of issue, the US Mint produced one ounce coins in addition to fractional uncirculated Gold Eagles.
The fractional coins were discontinued after 2008 as sales from the Mint were considered. The following year, 2009, the one-ounce coin was cancelled as well as the US mint struggled to meet bullion American Eagle demand. The Gold American Eagles have remained unavailable in 2010 and reappeared in 2011.