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Get ready to pay for that ‘W’

Does putting a “W” mintmark on a one-ounce silver American Eagle coin make it worth twice the price?

PayW Vert

It does when it is formally called the American Eagle 2017 One Ounce Silver Uncirculated Coin by the U.S. Mint.

When the 2017 piece becomes available to coin collectors on the Mint’s website’s June 29, issue price will be double what the bullion coin version trades for.

Issue price has not yet been set, but the 2016 coin is being sold for $44.95 each.

Last year’s coin had no mintage ceiling attached to it. Buyers have taken nearly 200,000 of them.

See Mint Statistics here for the current number.

This particular “W” mintmarked product was created in 2006 after 20 years of collector complaints that they could not buy an uncirculated silver Eagle directly from the Mint.

Collectors cannot make that complaint anymore. But the Mint makes them pay for the privilege.

This article was originally printed in Numismatic News. >> Subscribe today.

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