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 Replies: 11 / Views: 1,371 |
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Pillar of the Community
United States
595 Posts |
I have recently started to pick up 1/10 ounce gold Eagles when I happen to see one I think is a bargain (generally under $70), but I don't understand about this change for 2006 the Mint is talking about on its web site. They say you can buy directly from them now. I presume in the past it was like the ASEs that you could only get from dealers. Also, it says they are making "uncirculated" ones at West Point which have the W mint mark. I have a 2006 uncirculated that has no mint mark. What's the difference between them? I have tried to do some research on the net and am quite confused -- OK, that's nothing new. But if anybody can straighten me out, I will appreciate it. |
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Valued Member
United States
80 Posts |
the one with no mint mark is Philly I believe and coining from multiple mints is common. |
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Pillar of the Community
United States
2365 Posts |
Does this help? I think it also applies as such with gold. Philadelphia, no mint mark, uncirculated per se and West Point, W Mint mark, Proof/Gold. The American Eagle was first struck in 1986, when the American Eagle program began. The obverse features Adolph A. Weinman's beloved Walking Liberty design, displaying a flag-draped Lady Liberty walking with an outstretched, welcoming right arm and a left hand holding olive branches. In the background is the sun and its rays. The design was first used on the Walking Liberty half dollar, which was minted between 1916 and 1947. The reverse features a Heraldic Eagle designed by John Mercanti. All American Silver Eagles are made of 1 Troy oz. .999 fine silver and bear a denomination of $1. The coin is struck yearly in both uncirculated (mint state) and proof condition. All Mint State pieces are struck in Philadelphia, while the proof pieces have been struck at multiple mints: # 1986-1992: San Francisco (S) # 1993-2000: Philadelphia (P)* # 2001-present:: West Point (W) *In 1995, a small mintage of proofs was struck at West Point for inclusion in a 5-coin proof set which also contained each denomination of proof American Gold Eagle. |
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Valued Member
United States
208 Posts |
See the Uncirculated Eagles up to year 2005 are "bullion" coins, and bear no mint mark. Starting in 2006, the US Mint is making an Uncirculated Bullion coin with the "W" mint mark, specially for numismatic collectors. I doubt the "W" uncirculated will be sold in *tubes* like the bullion Gold Eagles. Edited by RangerXLT8
12/27/2006 10:43 am
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Valued Member
United States
414 Posts |
From 2006 and on, there will be three versions to "collect": the old UNC ( no mint mark" bullion, the proof (w -mark) and new "collecter" version of UNC-W. |
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Valued Member
United States
414 Posts |
My 1/4 Oz UNC-W came in last week is in a presentation case and then in a dark blue bag. It is capsulated so that you can not touch the coin directly.
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Pillar of the Community
 United States
595 Posts |
Well, thanks, everybody -- I'm a little clearer. I guess what I really don't get is why there are two versions of the uncirculated ones, the W and the (P). Are the W's different, better, semi-proof-like? Or is it just a way for the Mint to get me to buy two instead of one each year?
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Valued Member
United States
414 Posts |
The newer version is so called "collector" version, compared to the old "invester" version. I think mint wants to get into the bullion business without the risk of everchanged silver spot market. So, they offer the newer "collector" version at a price higher than bullion version so much so they are singnificantly higher than the silver spot. They then also change on the way how they ship them to make them seems having more works is done. In addition, since they are "collector" version, no doubt, the mintage will be significantly lower than that for "invester" version. At the end, all of us, collectors, will buy the newer version and hope a good secondary market because of the lower mintage, at least, I still believe it will. But only time will tell.
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Pillar of the Community
United States
595 Posts |
Thanks, Monster.
Just saw you are in Libertyville. I'm originally from Palatine. Worked in Libertyville (briefly) in the late 60's. Always thought it was a nice town.
Jan
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Valued Member
United States
414 Posts |
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Forum Mom
 United States
5877 Posts |
Just a quick note: Since 2000, the Silver Eagles without a mint mark are being struck in West Point. In 2000, Philadelphia was minting the proofs and the coins contain a P mint mark. Since 2001, West Point has also been minting the proof coins. The proof coins have the W mint mark and the uncirculated coins do not have any mint mark but are also minted in West Point. |
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Bedrock of the Community
United States
12437 Posts |
quote:
Originally posted by janknez
Well, thanks, everybody -- I'm a little clearer. I guess what I really don't get is why there are two versions of the uncirculated ones, the W and the (P). Are the W's different, better, semi-proof-like? Or is it just a way for the Mint to get me to buy two instead of one each year?
All eagles are made at the West Point Mint now. The standard bullion issues (price fluctuates with precious metals markets) have no mint mark and are meant for investors. The new 2006 "W" issues have the West Point mm, burnished planchets, a fixed sale price from the Mint, and are meant for collectors. They are sort of a bridge in quality between the bullion issues and the proofs. |
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Replies: 11 / Views: 1,371 |
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Posted 12/27/2006 10:04 am
