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hi there today we're going to talk about
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the 2013 W American Silver Eagle reverse
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proof in 2013 the United States Mint
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issued a two coin American Silver Eagle
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set to Mark the 75th anniversary of the
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West Point mint the West Point mint was
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established in 1938 as a bullion
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depository and was the principal storage
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location for the United States silver
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stockpile located on the campus of the
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United States Military Academy at West
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Point the facility handled overflow
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production for the Philadelphia mint
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producing Lincoln Memorial scents from
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1974 to 1986 and Washington quarters
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1979 Congress gave the facility official
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mint status in 1988 but the first use of
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the W mintmark came in 1983 with the
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issuance of the 1983 Los Angeles
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Olympics $10 gold commemorative coins
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the first American Silver Eagle proof to
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struck at the West Point mint was the
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key date 1995 W from 2001 onward West
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Point was the primary facility used by
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the mint to produce proof silver eagles
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the mint announced the 2013 American
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Eagle West point2 coin silver set in the
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spring and started taking orders for May
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9 for a period that ended on June 6th
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the set was sold at an issue price of
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$225 works out to be a little over
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$191 during this limited ordering window
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the mint reported sales of
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281,000 sets so how much is the 2013 W
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American Silver Eagle reverse proof
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worth well those interested in
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collecting the 2013 W American Silver
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Eagle reverse proof have three
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purchasing options you can either
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purchase the coin as part of the two
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coin set which includes the reverse
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proof and the 2013 W American Silver
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Eagle enhanced uncirculated coin or you
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can buy the reverse proof certified and
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70 looking at our 2013 W ameran Silver
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Eagle reverse proof distribution chart
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reveals two key points approximately
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onethird of the entire mintage has been
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certified and 70s outnumber 69s at a
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1.62 to1 ratio while more than half of
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the coins certified were submitted
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within the first two years of release
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thirdparty Grading Services continue to
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receive submissions and we expect the
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total number of coins certified will
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increase by at least 30,000 coins within
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the next 10 years therefore we'd skip
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the proof 69 coin in favor of either
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fresh raw coins and original government
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packaging or proof 70s proof 69 sell for
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about 100 to 110 bucks while sets sell
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for $160 to $180 as for proof 70s
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there's a minimal premium over proof 69
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costs this coin is sold frequently on
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eBay and you will see prices realized at
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auctions ranging from $120 to $130 with
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some coins being sold through Buy It Now
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$170 the grading services issued a
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number of novelty label inserts for this
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coin including those signed by John Mery
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and Ed Moy collectors will occasionally
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pay premiums for signed inserts but
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overall we do not see the market
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supporting these premiums over time so
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collect these for fun not for the
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investment angle what is our final
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verdict on the 2013 W reverse proof the
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2013 75th Anniversary West Point has a
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fairly high mintage as far as special
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collector sets go and we do not
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anticipate that this will be a key or
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semi key coin in the future however the
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reverse proof finish is a novelty and
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there are very few of these coins in the
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Series collectors like to pursue coins
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that are a little bit out of the
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ordinary and for that reason we expect
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that this coin will sell for more than
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your typical proof silver eagle of the
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period with 70s far outnumbering 69 we
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feel that there's very little reason to
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collect 69s if you're not pursuing 70s
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it's probably better to have the raw set
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because you would have the complete set
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in the original government packaging and
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over time intact sets may become the
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minority the American Silver Eagle is a
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fun complicated diverse series that has
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continued since 1986 certainly worth
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collecting it's one of the most popular
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collectible coins in the market for more
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news insights and in-depth analysis of
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rare coins and modern coins be sure to
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check out our site www.co week.com for
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coinweek I'm editor Charles Morgan until
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next time happy collecting
