Opening day of sales for Proof 2017 American Liberty gold $100 coin uneventful

Mint customers purchase about 15% of maximum during first day of sales
By , Coin World
Published : 04/07/17
Text Size

This article comes from our April 24 weekly issue of Coin World. Want to get all of our content, including special magazine exclusives?  Subscribe today !

Collectors had no difficulties April 6 placing orders with the U.S. Mint online or by telephone for the Proof 1792–2017-W American Liberty gold $100 coin.

U.S. Mint spokesman Michael White said April 7 that the Mint recorded first-day sales of 14,285 of the maximum authorization of 100,000 coins.

Each coin was sold at the initial price of $1,640. Pricing is subject to weekly fluctuations in the spot price of gold, based on the Mint’s pricing grid for numismatic coins containing precious metals.

The Mint imposed no household ordering restrictions for the 2017-W coin, which is struck in high relief.

Connect with Coin World:  

Sign up for our free eNewsletter
Like us on Facebook  
Follow us on Twitter

The coin is specially edge-marked three times with ★ 225th ANNIVERSARY ★ in celebration of the U.S. Mint’s 225th anniversary, reached on April 2. The edge inscription, imparted from a three-segment collar, is raised.

The maximum authorized mintage for the Proof 2017 gold coin is twice that for the 2015-W American Liberty gold $100 coin that launched the series. During the premier coin’s first day of sales, July 30, 2015, sales reached 36,686 coins. Each coin was sold at an initial price of $1,490, and households were limited to an order of 50 coins.

While the 2017 coin is struck in high relief like the 2015 coin, the finish on the 2017 version is classified by the U.S. Mint as a Proof strike, while the 2015 version’s surface is described as that of a “business strike.”

The finish for the 2017 coin was initially announced as being the same as that for the 2015 issue.

The 2017 coin’s obverse design is a modern rendition of Liberty as an African-American woman wearing a crown of five-pointed stars. The obverse was designed by U.S. Mint Artistic Infusion Program artist Justin Kunz and sculptured by U.S. Mint Medallic Artist Phebe Hemphill.

The reverse design depicts an American eagle in flight, its wings in a downward thrust. The reverse was designed by AIP artist Chris T. Costello and sculptured by U.S. Mint Medallic Sculptor Michael Gaudioso.

Proof 2017 American Liberty silver medalCollectors will get one more medal than expected: The Mint is planning to issue five different 2017 American Liberty silver medals, not four..

The same designs that appear on the 2017-W American Liberty gold coin are to be issued later in 2017 on five Proof American Liberty 1-ounce .999 fine silver medals struck at the four Mint production facilities. The medals will be struck without the coin inscriptions. 

You are signed in as:null
Older Comments (3)
Very low first-day sales on this very special gold coin as expected! I loved this design since it was first shown in sketches over a year ago & put it in my numismatic budget for purchase. A poll taken a few months ago by PCGS of the most active coin collectors, dealers, investors & flippers showed that approximately 70 percent said they will NOT purchase this coin due to its very high mintage of 100,000 & its high price & its depiction of an African-American Lady Liberty (bigoted racists! ). The poll sure was right! I think it is a beautiful piece of gold art & will treasure it till the day I die. Low sales of this coin portends well for it retaining its value as a "unique" US Mint historic issue. I beg you all to please not buy this coin, so mine will increase greatly in value so I can pass it on to my 4 nephews with my entire collection as part of my Living Trust. Thank you for your support!
Thing is that if no one wants it you precious gold coin's value will be reduced to melt. Even a if a one of a kind object has no demand, it has no value. Personally I have no issue with the design or the mintage, and will probably get one myself. I am glad to see the departure from traditional designs and wish the mint would produce more unique pieces in the coming years.
It is unfortunate that political correctness has swayed the mint's choice for the designed when there was nothing wrong with the historic Liberty designs. i'll pass on this one like so many others