2024 US Mint Product Release Details: 230th Anniversary Flowing Hair Gold Coin (24YG)

What we know so far about the 230th Anniversary Flowing Hair Gold Coin (24YG):

On November 28, 2023, the Citizens Coinage Advisory Committee (CCAC) advised and released details about the upcoming 230th Anniversary of the Flowing Hair Silver Dollar that is planned to be struck in both 24K Gold and .999 Fine Silver in late Fall 2024. The 24K Gold Flowing Hair Coin (24YG) is set to have $1 USD Face Value, being struck in High Relief as many of the previous 24K Gold coins released by the mint have been. The gold version being struck is sure to be a great hit in the land of numismatics, as the flowing hair dollar design is one of the timeless pieces of Americana. However, not the same can be said for the Silver Medal (24YH) which has disappointed collectors because it is just a medal and not a coin. Here are some exciting details about the 230th Anniversary Flowing Hair Gold Coin (24YG):

EDIT: September 16th

The release is rumored to be just after the October 15th, Silver Medal release. There is said to be no presales for ABPP, or Numismatic Bulk programs, which makes this release that much tougher to get. The Retail Price has increased due to the large spike in recent gold prices.

EDIT: September 26th

The release date has been set for November 14, 2024, at Noon EST, Household Limit has now been changed to 1 coin.

There are rumors of a gold privy being circulated around, but no confirmation of such yet.

EDIT: October 7th

Confirmed Mintage: 17,500 Units.

New Details and Design

The 230th Anniversary Flowing Hair Gold Coin (24YG) will feature the original 1794 Flowing Hair Design with a lettered edge that includes the face value and motto. This is like the original design which has the face value set on the edge as well, a striking move in the 18th century.

The coin according to the Citizens Coinage Advisory Committee (CCAC) will hold a face value of $1 USD (EDIT: This is not confirmed yet), instead of $100 USD since the series of the flowing hair was removed from the American Liberty High Relief series at the beginning of the year. Originally, the release was delayed but has since been put back on for Fall 2024, we should expect the release to follow shortly after the October 15th medal release. Edit: The release will take place November 14, 2024.

The Original 1794 Flowing Hair Silver Dollar

The original design of the 230th Anniversary Flowing Hair Gold Coin (24YG) comes from one of the first coins minted by the US Mint, the Flowing Hair Silver Dollar. Recently, a SP-66 CAC version of the 1794 Flowing Hair Dollar sold for over $10.01 Million Dollars at a Stacks Bowers auction, the most expensive coin to ever sell until the 1933 Saint Gaudens auction a couple of years later. These results highlight the importance of this design to valued collectors of American Numismatics.

Price Point and Mintage

The price of the 230th Anniversary Flowing Hair Gold Coin (24YG) will be in accordance with the price schedule set by the United States Mint for their bullion and numismatics products during the year. To give you an idea of the price points for prior coins, they typically commanded 25%-30% over gold spot, which in today's current market of $2,340.00 USD per troy ounce, would set the retail price of the release at just around $3,000.00 USD per coin. Coins should come in standard US Mint packaging with a nice inner and outer box along with a COA. The US Mint has set a household limit of 5 coins, which will be lifted after 24 hours if not sold out.

EDIT: With gold spot now over $2,580.00 per ounce, the retail will effectively be in the range of $3,280.00-$3,380.00 per coin.

The mintage of the 230th Anniversary Flowing Hair Gold Coin (24YG) is not yet known, but prior American Liberty High Relief Series have seen mintages at 13,000 for the 2023 High Relief, and prior in the year the Liberty Britannia High Relief Gold Coin capped out at just 5,500 pieces minted, the rarest in modern times.

Expect a similarly sized product limit to be issued between 15,000 and 25,000 units due to the popularity of the design. Confirmed mintage is 17,500 Units.

How to Purchase on Release Day

The US Mint will release the 230th Anniversary Flowing Hair Gold Coin (24YG) on November 14, 2024, at 12PM EST (9AM PST), whereas the 230th Anniversary Flowing Hair Silver Medal (24YH) at a different time. These "drops" are challenging to get right, so make sure you have your account set up on the Mint site as your card and address on file and memorized. Expedited shipping is always the best option so that your coins arrive safely and quickly. Also, make sure to keep the boxes sealed to keep the "First Strike" eligibility open for the grading services.

Aftermarket Buying and Selling

The best place to purchase on the aftermarket is on the Pure Marketplace. All items will be listed before the release to start building the aftermarket 230th Anniversary Flowing Hair Gold Coin (24YG), or buy from the lowest ask and add the hottest mint release of the year to your collection.

This article will be updated with more information as it is available from the US Mint.