2018 $10 American Liberty 1/10 oz Gold Proof Coin Release (Updated)

by Darrin Lee Unser on February 8, 2018 · 65 comments

At noon ET today, Feb. 8, the United States Mint introduces a small proof coin for collectors, the 2018-W $10 American Liberty minted in 1/10-ounce .9999 fine gold.

2018 $10 American Liberty 1-10 oz Gold Proof Coin, Case and Cert

Each 2018-W $10 American Liberty 1/10 oz Gold Proof Coin is encapsulated, packaged in a burgundy, satin-lined presentation case, and accompanied by a U.S. Mint Certificate of Authenticity

If the coin’s imagery looks familiar, that’s because it first appeared on last year’s larger 2017-W $100 American Liberty High Relief 1 oz. Gold Coin. It debuted in April 2017 for $1,640, scoring first-day sales of 14,285 coins. The new smaller $10 coin, priced at $215*, is offered as a more affordable option to last year’s coin.

2017 American Liberty Gold Coin - Obverse and Reverse

These two CoinNews photos show the obverse and reverse of the 1-ounce, 2017-dated American Liberty gold coin. The collectible is still available today, now at $1,740, with sales of 27,644 coins. This year’s edition is a smaller version, minted in 1/10-ounce gold.

Designed by Justin Kunz and sculpted by Phebe Hemphill, coin obverses depict Liberty as an African-American woman wearing a crown of stars. The crown pays homage to the bronze Statue of Freedom topping the dome of the U.S. Capitol. Inscribed around the allegorical figure are "LIBERTY," "2018," and "IN GOD WE TRUST."

2017 American Liberty Gold Coin - Obverse, stars

The coin’s crown of stars pays homage to the Statue of Freedom

Crown of Stars of Statue of Freedom

The crown of stars on the Statue of Freedom atop the U.S. Capitol dome

The design marks the first in a series that will feature Liberty in a variety of contemporary forms to reflect the cultural and ethnic diversity of the United States. The next Liberty design is expected in 2019.

Reverses (tails side) of the 24-karat gold coins show a powerful eagle in flight design that is surrounded by inscriptions of "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," "1/10 OZ. .9999 FINE GOLD," and "10 DOLLARS." Chris Costello designed the eagle and Michael Gaudioso sculpted it.

American Liberty 1/10 Oz. Gold Coin Specifications

Face Value: $10
Finish: Proof
Composition: 99.99% Gold
Diameter: 0.650 inch (16.50 mm)
Weight: 0.1000 troy oz. (3.110 grams)
Edge: Reeded
Mint and Mint Mark: West Point – W

 

Ordering and Pricing

Order the collectible by visiting the U.S. Mint’s webpage for gold coins, located here, or by calling 1-800-USA-MINT (872-6468). Its mintage is limited to 135,000 pieces. There is a further restriction of 5 coins per household.

*Pricing of gold coins can be adjusted weekly depending on market conditions. (See the U.S. Mint’s gold coin pricing schedule.) Current gold coin prices are based on LBMA gold that is within $1,300.00 and $1,349.99 an ounce.

Sales Update (Feb. 9)

First-day sales of the $10 American Liberty reached 9,842 coins, U.S. Mint spokesman Michael White told CoinNews in an email Friday, Feb. 9.

{ 15 comments… read them below or add one }

Daniel February 10, 2018 at 4:36 pm

Collecting doesn’t always mean investing.

Buy what makes you happy.

Old Collector February 10, 2018 at 11:57 pm

Daniel,
Amen to that.

Old Collector February 11, 2018 at 12:16 am

Gary & Rooster,
Both of your points are valid. It is exceedingly costly to produce perfection, and perfection is indeed in the eyes of the beholder.

sam tweedy February 11, 2018 at 1:32 pm

HSN”S Mike Mezack is ready to help you guys with your “PERFECTION” follow closely he never skips a beat……. repeat repeat repeat!!!! lol

Old Collector February 11, 2018 at 1:40 pm

sam tweedy,
I can only assume he attended the School of Trump, as like his spiritual mentor he dedicates himself to manufacturing an alternate reality out of obvious falsehood through the process of relentless repetition. Fake news…Fake news…Fake news!

Mouse February 11, 2018 at 7:59 pm

Lets put this coin into a long term perspective / thought analysis / bias aside:

-The US mint rarely has produced a 1/10 ounce proof coin.
-First Liberty gold in a 1/10 oz platform.
-The glowing success and steadily rising premium for any fractional / graded 2008 Buffalo (happy I have 2 in my collection)
-Unbridled reaction and controversy related to the original 2017 release.
-An affordable / initial cost to the consumer
-A sound understanding that no modern coin will quickly ski rocket in value / I am sure any historical coin was viewed in its time as nothing more than face value and expendable. – look at them now lol
-Low sales figures / equaling low mintage due to bias and intolerance / hope it keeps up for those who have vision and time on their side.
-Generational acceptance of change and understanding.

This coin is designed for the next generation, not flippers on the internet lol

Mouse

Old Collector February 11, 2018 at 10:47 pm

Mouse,
An extremely erudite, exceptionally informative, unquestionably cogent, and impressively balanced and impartial analysis. Simply put, brilliant in all regards.

Mouse February 12, 2018 at 8:10 am

Old Collector –

Thank you for the kind words, greatly appreciated. I to find your posts to be very grounded and insightful as well. I always appreciate others view point and educational posts. I am a fan of this site for not only the great and informative articles but also the like minded community members.

Mouse

Charlie 1952 February 12, 2018 at 10:02 am

Got mine this morning. Coin is a beauty, the packaging is well below acceptable for a gold coin. The Bufs pkging was great, the dimes was great, this doesnt even measure up to the eagle pkging. Even tho the mint probly farms this out they could have done way better than they did

Old Collector February 12, 2018 at 10:04 am

Mouse,

You’re very welcome, and it’s entirely my pleasure. And thank you likewise for thinking so kindly of my posts. I make an effort to just be myself – at seventy now I don’t think there’s a chance I’m ever going to be anybody else anyway – and say what I think, feel and believe in the best way that I know – or come up with – how to express it both to adequately convey my own meaning and simultaneously respect the position, especially if (understandably) different, that others may hold. Coins and community are indeed what “make” this site, Mouse, and you called it! Thanks again.

Old Collector February 12, 2018 at 10:19 am

Charlie 1952,

This is what is called cutting corners, especially when it comes to something like this relatively expensive item. Simply put, it is very much akin to the practice of some corporations freezing their rank-and-file employees’ wages – or engaging in layoffs – even as their corporate profit margins are shooting through the roof. Unfortunately, the underlying motivational drive of greed seems to dictate that exceedingly successful accumulation of capital may in all to many instances lead to ever more penurious inclinations and behavior among the accumulators.

Mouse February 12, 2018 at 1:17 pm

Got my coin today, what a beautiful design. When I get my graded proof 70 ultra cameo in the mail I’m going to give the proof coin to my pop for his collection. Looking forward to the next design.

When it comes to the packaging, it’s at par with my Royal Canadian Mint for a coin of this caliber so I’m ok with it. Only thing I would have liked is knowing the exact mintage number. I am actually surprised that the US mint does not do this. Not only does it inform the consumer of when it was struck – by a specific dye – but it can also be a quality control measure for the mint if they receive returns – could have an issue with coins near the end of a run – better quality control measures for their next run.

Cheers,

Mouse

Old Collector February 12, 2018 at 1:34 pm

Mouse,

It IS a beauty, isn’t it? I don’t now nor have I ever dealt with graded coins so I will remain blissfully content with my boxed Mint version. 🙂 That being said, it’s nice that you’re engaging in a literal “pass it forward” with your current mint edition; good for you!

As to numbering individual coin containers and/or accompanying literature, from my decades in the manufacturing, distribution and logistics fields/businesses I can attest to the fact that any such enumerating and/or cataloging can be both a tedious and expensive process that might possibly or even perhaps likely require another price hike to compensate for the expense of the extra materials and additional labor required. Just a little thought I wanted to throw into the mix.

Sherri February 12, 2018 at 2:53 pm

I love reading all this back and forth. Thank you Mouse for helping me with the “First Day of Issue” question earlier. Myself, I’m not thrilled that a design can be changed just to meet the demand for ethnic varieties. Just create a new coin. The eagle was created as it was. Like our Native American series-a fav of mine.
I love the hipe behind it, hopefully my nieces and nephews will be financially rewarded. The fact that I’m giving them collections helps:). I didn’t even know the coin was released being I’m very new to Mint sold coins. Just lucked out on since I’ve recently started ordering from there. I didn’t need the mint because I started stacking and fell in love with coins! You tube and online has really helped. SO MUCH TO LEARN!

I’d love to ask everyone, especially considering the wealth of experience here…. a few questions if you don’t mind regarding potential value in the distant future.
Being that this is a first issue of a design
with a limited issue(1 oz and 1/10oz)
rarity of currency value ($100 and $10)
Controversy
I thought first African American (?)
Worse (maybe a good thing thou) it’s a knock off of the Traditional Lady Liberty, another benefit?
They still minted a traditional Lady Liberty gold coin.
Any other 1st or rarity’s I’ve missed??
Don’t you think it’ll make a difference in the future regarding $ increase?
Reading this will really tell my coin ignorance
I found this information on the 225th Anniversary website explaining the early eagle. I had no clue. A flowing long haired woman from back in the early 1900’s is actually an African American woman? If so, How can this be a new depiction? See my cut and paste below.

Double Eagle Gold Coin
(1907-1933)
Designed by Augustus Saint-Gaudens, this $20 gold coin’s design features “Hettie” Anderson, the first African-American woman whose likeness was used to portray Liberty. Often described as one of the most beautiful coins ever struck, the design shows Liberty advancing toward the viewer, with a torch in her front hand and an olive branch in the other and the dome of the U.S. Capitol in the background.

I just found this out -today! Wow, lots to learn but fun.

Another question, if you all don’t mind. Why did the call the Silver version a metal and not class it like the gold coins>>>>???? Of course I did get them too.
So amazing. I am really, really looking forward to your answers!!!! I may have what I think rare and 1st wrong-but I bet I’ll find out here:)

Mouse February 12, 2018 at 3:43 pm

Hi Sherry, you have very great questions and insight into your start down the road on the numismatic and stacking train – great train to be on.

When it comes to American coinage, you are very correct, this coin is not the first to have showcased an African American image.

From my understanding, this the original 2017 one ounce coin was the first African American image to grace a Liberty coin. No likeness / but a true and beautiful image. I do not know of any beautiful African woman who has straight and flowing hair.

The value on the coins have little consequence – $100 or $10 as any minted coin (and not a medal) must show a dollar amount to be considered currency – coin. For me I do believe that the dollar amount on the coin serves it well as it is to date the highest dollar value placed on any Liberty coin / adds to its collectability and future rarity.

Medals will never have a dollar amount added to them. I am fine with that as most medals are exquisite works of art and hopefully remain that way. Large platform and no wasted space.

I believe that this and the original 2017 coin will serve our children and grandchildren very well. I refer to it as a “generational coin” as it will serve the next generation well. I do not believe that we will see any kind of significant gain in our life time, but hopefully that is not just why we collect.

I have a 1989 S – D (San Francisco – and Denver Mints) 50C Congress coins in my collection. They are not expensive by any stretch of the imagination but showcase Liberty with her stars. I feel in love with the design years back and was so happy to see them utilize the imagery for the 2017 version. Beautiful and stoic.

When it comes to any past / modern coins that have and will continue to do well, I would suggest trying to locate and purchase any 2008 fractional gold MS or P Buffalo. They come at a high premium now but are worth every cent. They will continue to increase in value, especially if the mint continues to release fractional proofs. I am happy to have two in my collection as to me the Buffalo design is one of my favorites and is timeless / never needs to change.

We have some very knowledgeable members in this community / coin site / that will be able to add more enriched information than I. I look forward to reading their replies to you as I am always learning. I wish you the best along your numismatic / stacking journey.

Cheers,

Mouse

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