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2022 Congratulations Set and 2022-W Proof Silver Eagle Release (Updated)

In what may end up being an incredibly quick sell-out, the United States Mint today at noon EDT releases its 2022 Congratulations Set. A single coin is included within it, the 2022-W Proof American Silver Eagle.

US Mint product image of their 2022 Congratulations Set

The Congratulations Set has been issued annually since 2013 and has always proven rather popular with collectors. Thousands of the set, designed as a gift-giving option for any occasion, are typically sold each year.

However, demand for the set could be stoked this year as the related single-coin 2022-W Proof American Silver Eagle sold out. It was scheduled to debut alongside the Congratulations Set but the US Mint announced that their inventory was exhausted by reservations from enrollments.

updated: The Mint at noon EDT showed the single-coin 2022-W Proof American Silver Eagle available to order as well, although on “Back Order” status. Nearly 60,000 were for sale.

The Mint’s enrollment program has been around for years, allowing customers the chance to sign up in advance for certain product before their releases. Those subscriptions are then automatically processed at the time of a product’s official release. Never before has the Mint’s entire inventory of single-sold proof coins been claimed by enrollments.

Mintage limits for the 2022-W Poof Silver Eagle include a total of 746,760 with splits of 500,000 for the single coin; 166,760 in 40-coin allotments for bulk buyers; 30,000 for the Congratulation Set; and 50,000 for the Limited Edition Silver Proof Set which goes on sale this fall.

Back to today’s Congratulations Set, we find a single 2022-W Proof Silver Eagle encapsulated and attached to a presentation folder. Both sides of the coin are viewable with the folder which also offers space for writing a personalized message. An outer sleeve protects the contents.

This set is the first of its lineage to include the updated Silver Eagle designs with enhanced obverse (heads side) and new reverse (tails side) imagery. These updates debuted in 2021, however, last year’s Congratulations Set still contained the original Type 1 Silver Eagle designs.

For the coin’s obverse, the US Mint enhanced the classic Walking Liberty design by Adolph A. Weinman using historical assets to reflect the artist’s original intent more closely. On the design is Liberty in full stride, enveloped in folds of the flag, with her right hand extended and branches of laurel and oak in her left. Inscriptions are “LIBERTY,” “2022,” and “IN GOD WE TRUST.”

US Mint product image 2022 Congratulations Set and Silver Eagle obverseUS Mint product image showing the front packaging of the 2022 Congratulations Set and the obverse (heads side) of the set’s included 2022-W Proof Silver Eagle

The all-new reverse (first seen last year on the Type 2 Silver Eagles), depicts an eagle as it approaches a landing, carrying an oak branch, as if to add it to a nest. United States Mint Artistic Infusion Program Designer Emily Damstra created the design and it was sculpted by United States Mint Medallic Artist Michael Gaudioso. Inscriptions around it include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1 OZ. FINE SILVER,” and “ONE DOLLAR.”

US Mint product image 2022 Congratulations Set and Silver Eagle reverseUS Mint product image showing the back packaging of the 2022 Congratulations Set and the reverse (tails side) of the set’s included 2022-W Proof Silver Eagle

Also of note, the new Silver Eagles contain the added security feature – a reeded edge variation.

Specifications of American Silver Eagles

Denomination: $1
Composition: 99.9% Silver
Weight: 1,000 troy oz. (31,103 grams)
diameter: 1,598 inches (40.60mm)
edge: reeded
Mint and Mint Mark: West Point-W

Price and ordering

Priced at $75, order the 2022 Congratulations Set from the Mint’s page dedicated to the product, found here. As mentioned, no more than 30,000 will be sold. In addition, an initial household order limit of three applies.

Recent sales of past year’s set reached totals of: 2021 at 39, 997; 2020 at 24,443, and 2019 at 31,638.

For the record, the sold-out individual proof Silver Eagle had a price point of $73. Their US Mint product page is located here.

Article Source : https://www.coinnews.net/2022/04/14/2022-congratulations-set-and-2022-w-proof-silver-eagle-release/

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