2011 American Eagle Gold Uncirculated Coin
Coin collectors for the first time in three years will be able to purchase the one-ounce 2011 American Eagle Gold Uncirculated Coin beginning at 12:00 noon Eastern Time on May 5, 2011.
The uncirculated coin is one of three types of 2011 American Gold Eagles, with the other two being the already released collector proof Gold Eagle and the investor-grade bullion Gold Eagle. Those launched with respective release dates of April 21, 2011 and January 3, 2011.
The American Eagle Gold uncirculated coin has not been issued since 2008 as the United States Mint canceled them at a time when demand for gold coins began to soar and the Mint focused its production on the bullion versions.
Pricing for the West Point ("W") minted coin has not been announced as it will be determined prior to its released based on the direction of gold. The coin would go on sale for $1,778.00 if the weekly average of London Fix gold stays between $1,500.00 and $1,549.99 an ounce.
Unlike the bullion and proof issues which are produced in multiple denominations, the uncirculated coin will only be available in the one-ounce size, or $50 denomination. For reference, the United States Mint press release announcing the American Eagle Gold Uncirculated Coin follows.
United States Mint Opens Sales of 2011 American Eagle One Ounce Gold Uncirculated Coins on May 5
WASHINGTON - The United States Mint will open sales for the 2011 American Eagle One Ounce Gold Uncirculated Coins at noon Eastern Time (ET) on May 5, 2011. The coin's cost is based on the United States Mint's pricing structure for precious metals products. Current pricing information is available at http://usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat.
Orders will be accepted at http://www.usmint.gov/catalog or at 1-800-USA-MINT (872-6468). Hearing and speech-impaired customers with TTY equipment may order at 1-888-321-MINT (6468). A $4.95 shipping and handling charge will be added to all domestic orders.
Customer demand will determine the number of 2011 American Eagle One Ounce Gold Uncirculated Coins minted. There is no order limit.
The American Eagle One Ounce Gold Uncirculated Coin is the collector version of the American Eagle Gold Bullion Coin. 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. Each coin is encapsulated in plastic and mounted in a presentation case accompanied by a Certificate of Authenticity.
Featured on the obverse of the 22-karat gold coin (heads side) is Augustus Saint Gaudens' full-length figure of Liberty. The coin's reverse (tails side) features Miley Busiek's image of a male eagle carrying an olive branch flying above a nest containing a female eagle and her eaglets.
About United States Mint
The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.
Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time of May 5, 2011, noon ET shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint's Frequently Asked Questions, Answer ID #175.
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Very new to coin collecting. Normally, it seems the rule of thumb is that a “proof” coin is better than “uncirculated.” However, they are both essentially the same price on the US Mint site. $1785 proof vs $1778 uncirculated (5/5/11).
Why would anyone buy the uncirculated? Is the gap in production important? Is the “W” mark special?
This is the most expensive coin I’ll be purchasing and I’m confused which one to get. Leaning towards the “proof” version due to double strike, beauty, etc.