2011-W Uncirculated Gold Eagle

The United States Mint released the 2011-W Uncirculated Gold Eagle on May 5, 2011. This represented the return of this collector version of the coin after an absence of two years. Only a one ounce version was available, priced at $1,778.00 to start, but variable week to week.

The coins are struck on burnished blanks, but carry a finish similar to the bullion version of the coin. The “W” mint mark also appear on the obverse, in contrast to the bullion coins which carry no mint mark. Finally, the coins are sold directly by the US Mint at a higher premium, while the bullion versions are distributed through authorized purchasers at prices more closely following the intrinsic value of the coins.

This will be an interesting issue to watch. After two years of absence, it may have fallen off the radar for many collectors. Also, the previously released proof versions have always experienced greater popularity. As higher precious metals prices stretch collector budgets, they may have to choose only one version of the coin to collect.

It seems possible that this might be the lowest mintage Gold Eagle in the history of the series. Recent sales figure show 1,825 coins sold to date. The lowest mintage for an issue of the Gold Eagles series is the 2008-W $10 Uncirculated Gold Eagle at 8,883.



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