By Charles Morgan and Hubert Walker for CoinWeek Notes …..
Following the success of the 2012 American Silver Eagle San Francisco Proof Set, the United States Mint launched a two-coin set in 2013 to honor the seventy fifth Anniversary of the West Level Mint. The West Level Mint was established in 1938 as a bullion depository and was the principal storage location for the nation’s silver stockpile. As with Fort Knox, the West Level Mint is positioned on the grounds of a army set up–on this case, the historic and prestigious United States Navy Academy at West Level, New York.
Whereas the West Level Mint didn’t obtain official mint standing till 1988, the positioning produced Lincoln Memorial Cents from 1974 to 1986 and Washington Quarters from 1977 to 1979. These cash had been struck to reinforce the output of the Philadelphia Mint and didn’t carry a mintmark. The primary use of the “W” mintmark got here in 1983 with the issuance of the 1983 Los Angeles Olympics $10 gold commemorative cash.
The primary American Silver Eagle Proof to be struck at West Level was the important thing date 1995-W American Silver Eagle Proof. From 2001 onward, West Level was the first facility utilized by the Mint to provide Proof Silver Eagles.
The 2 cash that comprise the 2013 West Level American Silver Eagle Two-Coin Set are the 2013-W American Silver Eagle Enhanced Uncirculated and the 2013-W American Silver Eagle Reverse Proof. Cameo and closely mirrored finishes cowl a few of the Enhanced Uncirculated coin’s raised components, and the Reverse Proof options mirrored units and cameo distinction within the fields – the alternative of a typical United States Proof coin.
Sturdy Demand At Launch
The 2-coin set was launched on Might 9 and provided for $139.95. As with the 2012 San Francisco Silver Eagle Two-Coin Set, the 2013 West Level Set was struck to demand, with the Mint giving collectors and sellers a four-week ordering window. The set’s launch was met with file demand and coincided with the opening of the 2013 American Numismatic Affiliation’s (ANA) Nationwide Cash Present in New Orleans.
Throughout the first two hours of availability, the Mint reported gross sales of 88,000 units. The crush of orders brought on the Mint’s web site to crash on launch day, leading to an hour-long disruption for purchasers. Inside the first week, 182,000 units had been bought; after that, demand slowed. For resellers, the open ordering window tamped down on hypothesis. Nevertheless, corporations that managed to get graded merchandise to market first realized the best income from this system.
Marc Landry Discusses the Launch of the 2013 West Level Two-Coin Silver Eagle Set
CoinWeek video producer David Lisot interviewed Philadelphia Mint Plant Supervisor Marc Landry on the 2013 ANA Nationwide Cash Present, the place the 2 mentioned the discharge and technical concerns of the 2013 West Level American Silver Eagle Two-Coin Set and the 2013-W American Buffalo Reverse Proof Gold Coin.
How A lot is the 2013 West Level American Silver Eagle Set Price?
Throughout the Mint’s four-week ordering window, direct prospects bought 281,310 West Level American Silver Eagle Two-Coin Units. One-third of those units had been damaged up and submitted to third-party grading companies for encapsulation and resale. From this complete, roughly two-thirds earned the right 70 grade. If buying “good 70” examples of each cash from this set, anticipate to pay between $250 and $300.
Units in unique authorities packaging promote for much less, with current eBay gross sales starting from $180 to $250.
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Learn CoinWeek’s In-Depth Evaluation of the Cash from the 2013 American Silver Eagle West Level Two-Coin Set
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