By Hubert Walker for CoinWeek ….
Update: The US Mint website states that “This item is available to be ordered now, but it is not currently in stock. Additional inventory is being made….. ” The expected delivery date for back-ordered coins is Thursday October 1st 2015.
Also the Mint just announced that the first day sales total was 36,686 coins.
The 2015 American Liberty High Relief 24-karat gold coin went on sale today at noon Eastern Standard Time. Within hours it was “sold out”.
By the end of the business day (about 5:00 p.m. EST), the coin was listed as “Currently Unavailable” on www.usmint.gov, the website of the United States Mint. This means that while present inventory has been depleted, the Mint may resume sales at a later date when new product stock is available. The mintage limit for this coin was set at 50,000 pieces. Collectors can sign up for an email reminder that lets them know when this will happen, if it happens at all.
The U.S. Mint usually sends a notice to news media if no new stock will be forthcoming. CoinWeek will publish the details of such an announcement if it is made.
The 24-karat gold American Liberty high relief coin consists of one troy ounce of 99.99% pure gold and has a face value of $100. It has a reeded edge and a ‘W’ mint mark for West Point. When it went on sale, the coin was priced at $1,490 according to the spot price of gold and the Mint’s retail markup table as seen here.
Artistic Infusion Program (AIP) artist Justin Kunz designed the obverse of Miss Liberty holding a flagpole and the American Flag attached to it in her left hand and a lit torch similar to that held by the Statue of Liberty in her right. The inscriptions LIBERTY, IN GOD WE TRUST and the year 2015. Kunz’s initials appear above the word GOD, while Mint engraver Phebe Hemphill’s initials appear on the flag near the bottom.
Fellow AIP artist Paul Balan designed the reverse, which features an American Bald Eagle in flight, wings on the upstroke. It holds an olive branch in its claws. Engraver Don Everhart’s initials are visible to the immediate right of the olive branch, while Balan’s initials are under the eagle and to the right of the branch. Inscriptions include UNITED STATES OF AMERICA, the mint mark W, E PLURIBUS UNUM, 1 OZ. .9999 FINE GOLD, and ONE HUNDRED DOLLARS.
The reverse is an adaptation of Balan’s prospective design for the reverse of the American Silver Eagle coin.
Future additions to the Liberty coin series may be in the works if this program is deemed a success.