The individual Proof 2016-W American Eagle silver dollar will go on sale at noon ET Sept. 16, making one of the U.S. Mint's most popular annual products finally available to collectors, months later than is typical for the coin.
The U.S. Mint’s release dates for the Proof and Uncirculated 2016 coins were pushed back, much later than normal, to enable Mint officials to meet the requirements of legislation passed in December 2015 requiring special edge treatment for the coins. The legislation mandates the coins bear a special edge inscription denoting the series’ 30th anniversary (the coin typically carries a reeded edge).
Typically, the Proof American Eagle silver dollar is one of the first products offered by the Mint each year. In 2015, for example, the 2015-W edition went on sale Jan. 2, the first day of business in the calendar year for the Mint. The Uncirculated 2015-W American Eagle silver dollar went on sale March 26.
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Mint officials announced the mid-September sales date for the Proof version on Aug. 1. No date is yet announced for the Uncirculated coin's release. Pricing also is not yet announced for either version. Neither product has a mintage limit, and no household ordering limits will be set
The required 30TH ANNIVERSARY edge device is to appear only on the edge of the Proof and Uncirculated coins, and only for the two 2016 issues. The anniversary edge device does not appear on the 2016 American Eagle silver bullion coins. The bullion strikes retain the standard reeded edge.
In addition to being offered individually, the Proof version is also to be included in the 2016 Congratulations set. That coin, too, will have the anniversary edge.
An edge device marking the program's 30th anniversary was required under provisions of The Bullion and Collectible Coin Production and Efficiency and Cost Savings Act, signed into law Dec. 4.