Released today, September 6, was the 2012 Annual Uncirculated Dollar Coin Set from the United States Mint.
Containing six one dollar coins from three different U.S. Mint facilities, all legal tender but each having different designs, the distinctive annual set is back after a three-year hiatus.
Sales began at 12:00 noon ET and started with a price of $54.95, which is $17 more than the cost of the last set that was issued back in 2008.
This year’s Annual Uncirculated Dollar Coin Set features the following six uncirculated quality coins:
- 2012-P Chester Arthur Presidential $1 Coin from Philadelphia
- 2012-P Grover Cleveland (first term) Presidential $1 Coin from Philadelphia
- 2012-P Benjamin Harrison Presidential $1 Coin from Philadelphia
- 2012-P Grover Cleveland (second term) Presidential $1 Coin from Philadelphia
- 2012-D Native American $1 Coin from the Denver
- 2012-W Uncirculated American Eagle Silver Coin from West Point
Obviously, the one troy ounce of 99.9% pure silver found in the 2012-W Uncirculated American Silver Eagle was the main catalyst in driving up the cost of the set, since the set’s total face value is just $6. Ironically, the set could have been priced higher. A U.S. Mint public notice announcing the set’s $54.95 price was dated August 28, 2012. At that time, silver was fixed in London at $30.81 an ounce. Today, silver is valued higher as the latest London fixing is at $32.87 an ounce.
Collectors appreciate uncirculated coins because they are struck with greater force to produce more detail than standard, business quality strikes intended for general circulation. Uncirculated coins are not produced for commerce, only for coin collectors.
The six coins in the 2012 Annual Uncirculated Dollar Coin Set are mounted within a durable folder that lists brief descriptions of each coin enclosed. A Certificate of Authenticity is displayed on the back of the folder.
Customers wanting to purchase the 2012 Annual Uncirculated Dollar Coin Set may order directly from the United States Mint website located here, or call toll-free at 1-800-USA-MINT (872-6468). There are no household ordering limits.
Dollar Coin Designs
Reverses of 2012 Presidential $1 coins within the set depict portraits of Presidents Chester Arthur, Grover Cleveland (1st term), Benjamin Harrison and Grover Cleveland (2nd term). A rendition of the Statue of Liberty is common to the reverses.
Showcased on the reverse of the Native American $1 Coin is a profile image of a Native American and horse, representing the theme of "Trade Routes in the 17th Century." An image of Sacagawea and her baby is on the obverse.
Finally, for the 2012-W Uncirculated American Silver Eagle, the obverse shows Weinman’s "Walking Liberty" design and the reverse depicts the heraldic eagle with shield. Unlike the other five coins in the set, these two designs have been the same on the American Silver Eagle since its debut in 1986.
Final American Silver Eagle
As a side note, the set is the last U.S. Mint product scheduled to launch in 2012 with an American Silver Eagle. Past products that included collector Silver Eagles were:
- the individually sold 2012-W Proof American Silver Eagle that debuted in April,
- the 2012-S American Silver Eagle San Francisco Two-Coin Proof Set that opened in June and featured a proof and a reverse proof Silver Eagle from San Francisco,
- the individual 2012-W Uncirculated American Silver Eagle that was released in August, and
- the Making American History Coin & Currency Set having a 2012-S Proof Silver Eagle and also launching in August
There is also, of course, the investment-grade bullion American Silver Eagle that made its sales debut in early January.