2013-W Silver Eagle Two-Coin Set Price, Sales Window

by Mike Unser on April 15, 2013 · 29 comments

Additional release details are available for the 2013 American Silver Eagle Two-Coin Set from West Point.

2013 American Eagle West Point Two-Coin Silver Set

2013 American Eagle West Point Two-Coin Silver Set

Officially given the name 2013 American Eagle West Point Two-Coin Silver Set, its release date is May 9, 2013 at 12:00 noon ET.

There are no mintage or household limits, but sales are restricted to a four-week window with an ordering deadline of June 5, 2013 at 5:00 p.m. ET. Also, pricing for the set is listed at $149.95. (Update: the price has been reduced to $139.95.)

These latest two details — the price and one-month sales window — match last year’s release of the 2012 American Silver Eagle Two-Coin Proof Set from San Francisco. Its sales finished at 224,981.

2013-W Enhanced Uncirculated American Silver Eagle - Obverse

2013-W Enhanced Uncirculated American Silver Eagle – Obverse

It seems entirely possible that the 2013 West Point Silver Eagle Set could topple that closing. Within it is a Reverse Proof Silver Eagle and a never-before-issued Enhanced Uncirculated Silver Eagle that has three different finishes using an entirely new minting technique. Collectors are eagerly awaiting the release of the uncirculated coin.

2013-W Enhanced Uncirculated American Silver Eagle - Reverse

2013-W Enhanced Uncirculated American Silver Eagle – Reverse

Additional support comes from the U.S. Mint’s declaration that the two Silver Eagles will not be sold outside of the two-coin set. That will strengthen sales.

A detracting element is the current price of silver — if its stays the same or retreats further, and if the set’s published price remains unchanged. American Silver Eagles are struck from one ounce of 99.9% pure silver. Spot silver is at $24.53 an ounce as of this writing. That would place the set’s premium above spot at $100.89, or more than double its melt value.

2013-W Reverse Proof American Silver Eagle - Obverse

2013-W Reverse Proof American Silver Eagle – Obverse

Collectors were not happy with the premium of last year’s Two-Coin Proof Set from San Francisco, though that did not seem to depress sales. Its opening day premium over melt was $91.39 based on the London silver fixing of $29.28 an ounce.

2013-W Reverse Proof American Silver Eagle - Reverse

2013-W Reverse Proof American Silver Eagle – Reverse

Visit the U.S. Mint’s preliminary product page for the 2013-W Silver Eagle Two-Coin Set right here. It includes new language describing the enhancements made to the uncirculated Eagle. The coin images there are the one’s seen throughout this article.

{ 29 comments… read them below or add one }

jim April 15, 2013 at 1:48 am

Nope, still not attracted to the reverse proof image. Also not attracted to the price for the two coin set. Coin collecting sure has gotten expensive these days.

thePhelps April 15, 2013 at 8:39 am

jim I agree – the reverse proof isn’t overly attractive to me either. The new enhanced coin is one I am interested in – and yeah with silver retreating this set is a high premium – but I will be buying it. I am curious if the mint plans on using the new laser on the proof coin – as they announced they would be using it on proofs after the Generals release.

Shawn April 15, 2013 at 9:09 am

People may not like the pricing, but this set is going to sell big time. Especially with neither coin being offered in other sets. It will be interesting to see if the 4 week window holds and what the first day traffic will be like.
Last time the mint was a mess on the sales.
Last years set is selling at a premium to the issue price and it was not nearly as interesting as this one.

Kevin April 15, 2013 at 9:32 am

I’ll buy but the premium hurts.

annie April 15, 2013 at 9:48 am

this is another bullion related issue. period. with the silver price like this. i see it will trade below issue price. too many american eagle coins. just stick to the earlier issue like 1995w, 2006w and 2011w.

jim April 15, 2013 at 10:12 am

We’re addicted to our obsession – collecting at least one of every variation of the silver eagle, whether it’s the date, the mint mark, the quality (proof, unc), or the finish. Regardless of the price we’ll pay it so we can keep our collections going – the mint’s got us over a barrel and they know it and we’re stuck with it. 224,981 last year; cut that by a factor of 2 or 3 and that’s how many real collectors there are.
2 coin set from San Francisco in 2012
2 coin set from West Point in 2013
2 coin set from ? (Philadelphia?) in 2014?
2 coin set from ? (Denver?) in 2015?

Victor April 15, 2013 at 10:28 am

Anyone remember when looking for pennies was the height of our “collecting?” Well, no longer is a penny, worth our time and no longer is a “dollar” worth what it once was. However, unique coins, regardless of the metal content, will always be in demand. How much demand, is driven by price, value, artistry and what we think will be the demand, after the ordering deadline is passed.

Joe#2 April 15, 2013 at 10:59 am

From what i see on ebay, ( unless you’re a pure collector ), Even these coins (imo) will fade after awhile as far as price wise. Why the U.S. Mint cannot use imagination like Perth or the Canadian Mint is beyond me. I see these coins as the same ol same ol (LADY LIBERTIES), Whether there is a different strike, Different this different that, It’s still liberty. With silver plummeting, They should drop the price to at least $100 for the set, Unless silver rebounds. We broke through many technicals., So i don’t see that happening to quickly.

Joe April 15, 2013 at 11:17 am

This set will sell out in no time.

Mark April 15, 2013 at 12:48 pm

The price seems fine to me. After all, there is no increase from the price of the 2012 set and it is basically the same product.

Boz April 15, 2013 at 1:48 pm

Put 3D colored snakes and rats on them, then limit the mintage to no more than 1,500 world-wide!

A&L Futures April 15, 2013 at 1:53 pm

All I know is they [the U.S. Mint] really need to re-evaluate the opening price for this set. Given today’s silver SPOT ($23.46), it’s hard to imagine spending $149.95 for two coins and a hand-me-down case from last year’s offering.

This will be interesting to say the least.

Mercuty April 15, 2013 at 4:30 pm

I hate to be the one to say this, but I cannot but help feel your pain. And as an addicted who is also obsessed in collecting at least one of every variation that the Mint sends out, regardless of the price. The only antidote I see in this case, is to do as any other addicts desiring to cure a habit that goes against their own best interest…and that my friends, is that we need to isolate ourselves from the suppliers. All us collector know that 4 years ago we would never be having a discussion of whether or not we should buy an investment coin for more double the melt value. We were the smarter than that. Now we’ve become coin drug addicts and will now pay whatever it takes to get our coin fix. Not good. Unfortunately what’s got to happen if we don’t want to run ourselves into the poor house, is that we have to set a date, lets say like on June the 5th of this year, close out all your accounts to all the newsletters and Mint website you subscribe to, and go cold turkey. No more purchases. Don’t even turn on your computer if that will be a temptation. I think what is happening is that we have become so consumed with purchasing coins to the point were our expectations are no longer realistic…we must overcome. The idea is that when fish are not biting, then fishermen just change the leader or the bait. Now we as coin collectors, given the PM market, should not be biting, but we got to admit the 2013 American Silver Eagle Two-Coin Set from West Point is a very colorful leader. So go ahead buy this set, but after that cut it loose. No more coin purchases, put yourself on the wagon until the coin market or we collectively get our sanity back.

jim April 15, 2013 at 4:35 pm

As I have said many times before, silver eagles are where the mint makes up for all it’s blunders, mistakes, and errors with no recourse from the buying public. That is why there is no silver pricing guide like there is for gold and platinum. If there was the mint would have to find another way to get to profitability. Raising prices on mint sets, $ bags and rolls will only reduce sales of those items and still no profitability. This is price gouging to say the least but we’ll all pay because we have to have the unique coins that are offered. They could double the price and we’ll still pay.

Kahoola April 15, 2013 at 5:44 pm

The mint is probably sitting on huge inventories of silver planchets purchased for much higher prices, perhaps $30-40 in times past. Unless they have hedged this, they probably can not drop prices very much. They might be losing money on the bullion silver eagles and silver 5 oz quarters if they sell at current spot price. This is no doubt why the service charges for gold coins have gone up and we are not seeing the 2013 ATB’s. They should compensate for lost profit by bringing back the golden dollars for circulation but with a slight charge to negate the abused bonuses for mileage/rebates on credit charges. Some of us did really try to circulate them.
The set is beautiful and will need to get one to keep the collection intact but it is painful to have to pay such a premium over spot.

Bubba April 15, 2013 at 8:52 pm

Coin collecting should be fun. If you feel compelled to buy every issue, maybe you should skip one to break the hold it has on you. This will be a popular set. Because the price will be the same for everyone, I don’t see the price being affected by the bullion price in the aftermarket. If people were buying it for the silver value they just wouldn’t buy it. It will be somewhat limited based on the fact that you have to buy it within the 1 month availability period, but some people will be buying multiple sets. A lot of the 1 year only high relief American Eagles were sold, but that had a hefty premium in the secondary market. So, it probably depends on how unique the one coin turns out to be. The reverse proof was a somewhat unique coin and now they are doing it rather frequently, so it has lost some of it’s lustre so to speak.

thePhelps April 16, 2013 at 8:43 am

@Kahoola… maybe but probably not. The mint is selling bullion coins at just about the current market price. Hoarding silver bullion in the market where the value fluctuates daily to resell at the current market price doesn’t seem like a wise venture. I would speculate they don’t have an overwhelming stockpile like they had when they started the ASE… in the 80′s.

That said – it is tough to speculate on how many they currently have manufactured for the May release – this set and the uncirculated. We know it isn’t millions – but even a few hundred thousand with the price dropping out of the market is probably a bit of a heart stopper for them.

Hank Jackson April 16, 2013 at 10:33 pm

Can’t wait to get this 2013 2coin eagle set. I think this new enhanced coin is going to be awsome. I love American eagles. Think this was a great idea.

Bubba April 18, 2013 at 12:59 pm

It would be nice if they would lower the price based on the price of silver going down.

Joe#2 April 19, 2013 at 11:39 am

Bubba, So happens they did lower the price ( At least for the moment…lol ) To $139.95. We shall see where silver is at when these coins come out May 9th.

Perry M April 19, 2013 at 2:01 pm

Joe #2, Where did you see that? AS my email said April 18 ,the price will be $149.95.

Perry M April 19, 2013 at 2:08 pm

Joe this set cannot sell out until the 28 day time frame expires. that means they could sell 1 or 1,000,00 if the orders are there.

Perry M April 19, 2013 at 2:25 pm

I want to apologize to Joe #2 I just rechecked the Mint web site. May I be struck by lightening, they almost cut us a break, The price should be $124.95 but I guess $10.00/ set in our pocket will have to do.

Joe#2 April 19, 2013 at 3:13 pm

On the U.S. Mint site under upcoming 2013 products, The price as of now says $139.95 on the release date of May 9th, But once again, The price doesn’t matter until coin is released, And what silver will do.

Joe April 19, 2013 at 6:10 pm

The unlimited mintage limit wasn’t posted on 4/15 when I posted it. I guess it won’t be that rare of a set.

Joe#2 April 19, 2013 at 7:15 pm

Well, Since the set will be available for a full 4 weeks and unlimited purchases, No big deal. Why can’t the U.S. Mint do what The Canadian Mint does? I just don’t get it.

Joe April 19, 2013 at 11:45 pm

What does the Canadian Mint do Joe#2?

Joe#2 April 20, 2013 at 12:05 pm

Joe, The Canadian Mint has some gorgeous coinage with limited mintage.. If you go to the Royal Canadian Mint, You will see some fine coins. Different kinds of varieties of coins. There is no reason why the United States Mint can’t do the same. Don’t get me wrong, Lady Liberty is beautiful, But, We can use some “different” pics on our coins. It’s time for a change, With lower mintage on coins where people here in the U.S. can get “excited” about. Mongolia came out with the gorgeous Gulo Gulo Wolverine, Followed by the Owl then Hedgehog and now the Argali ( Ram ), all mintage at 2,500 coins each in the series. Antique silver, with C.O.A. These coins have gone up many times over in price and these coins are winning best coins of the year. The U.S. mint can come up with many beautiful and different types of coins instead of the “same ol” “same ol”… Just my opinion.

Joe April 20, 2013 at 5:38 pm

Thanks Joe#2. You’re right. Time for a new 1 oz Silver Dollar and do away with the Silver Eagle even though it’s a great coin. This will increase it’s value. The coin has to be in production for 25 years before the mint can cancel I believe. So they can do it anytime they want now. But everybody loves the Silver Eagle. So I doubt it would happen anytime soon.

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