2013-W Proof American Silver Eagle Coin Released
Posted by Adam King on January 25, 2013
The Mint has now made available the 2013-W Proof American Silver Eagle Coin to its network of authorized distributors. Sales initiated on January 24, 2013 with the price set at $62.95.
The 2013-W Proof is a collector version of the investment-grade bullion Silver Eagles, which were suspended last week as record demand drained the Mint’s inventory. Sales of the investment-grade coin have previously been projected to resume the week of January 28.
American Silver Eagles are one of the most popular products offered by the U.S. Mint. Last year’s proof coin recorded sales of 819,217 ounces, according to Mint sales figures. The coin launched on April 12, 2012 and sold out on November 13, 2012.
The American Silver Eagle program launched in 1986 and the proof edition has been available each with one exception. In 2009, the U.S. Mint also temporarily suspended sales of American Eagle Silver Coins in the investment-grade as record demand took larger amounts of inventory. In order to fulfill the growing demand for physical silver bullion, the Mint canceled sales of the collectible proof edition to reroute the silver blank planchets for bullion coin production. The proofs were again struck in 2010.
American Silver Eagles are also one of the most recognizable coins. Adolph A. Weinman’s engraving of Walking Liberty is featured on the obverse, a design first seen on 1916-1947 half-dollars. Inscriptions around the design include the mint date and the words liberty and in God we trust.
The reverse of the coin was designed by John Mercanti and features a heraldic eagle with shield. Inscriptions show the country of origin, the denomination, and the silver contents.
The annual proof American Silver Eagles originate from the U.S. Mint facility in West Point, denoted by the W mintmark on the reverse to the bottom left of the eagle.
Since 2001, when silver traded as low as $4.00 per troy ounce, the price of silver has gained 675 percent. During the same time interval, gold prices have risen about 466 percent, according to analysts with ETF Daily News. Silver’s performance next to gold has drawn a lot of attention from investors who believe silver will continue to outperform.
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