Melt Value of West Point Silver Eagle Two Coin Set Starts at $48.14

For a second week in a row, the United States Mint has released a numismatic product with silver coins. On Thursday, May 9, the U.S. Mint started selling its 2013 American Eagle West Point Two Coin Silver Set for $139.95.

2013 West Point American Silver Eagle Two Coin Set

2013 West Point American Silver Eagle Two Coin Set

The melt value of the two silver coins is simple to calculate at any time because it include two one-ounce, 99.9% pure American Silver Eagles. You simply multiply the current value of an ounce of silver by 2 and that tells you value of the coins if they were sold as scrap silver. On Thursday when the set was released, silver was $24.07 an ounce. That places the set’s melt value at the time at $48.14 and its premium over melt at $91.81.

Again, as in last week’s release of the 2013 US Silver Proof Set, the real value of this latest product is what collectors are willing to pay for it — not its melt value. And this set is looking to be a very hot collectible. In the first 24 hours on sale, nearly 150,000 sets were purchased despite ordering slowdowns as huge demand temporarily brought down the U.S. Mint’s online sales system. But by the same token, you obviously can’t discount the two ounces of silver in the set and where it silver stands. The U.S. Mint was actually going to price the 2013 West Point American Silver Eagle Two Coin Set at $149.95 until silver prices plunged last month.

Offered inside the set are the following two silver coins:

  • 2013-W Reverse Proof American Silver Eagle
  • 2013-W Enhanced Uncirculated American Silver Eagle

American Silver Eagle coins have been produced annually ever since 1986, but these two coins meant to commemorates the 75th anniversary of the edifice that houses the U.S. Mint facility at West Point are unique. A reverse proof has only been seen in three previous years — 2006, 2011 and 2012. The enhanced uncirculated coin has never been seen before since its production is the result of new techniques developed this year by the United States Mint. It is this silver coin that is a huge driving point for sales.

As the name of the set implies, the silver coins are produced at the United States Mint facility at West Point. Each silver coin has a "W" mintmark to denote West Point.

To place orders for the 2013 West Point American Silver Eagle Two Coin Set, visit the United States Mint online catalog at http://catalog.usmint.gov/ or call 1-800-USA-MINT (872-6468).

There are no product limits or household order limits but there is an ordering time limit. Buyers have until 5 PM Eastern Time on June 6, 2013 to place an order. After that, the sets permanently go off sale. The coins will not be sold outside the set.

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