2010 Boy Scouts Uncirculated Silver Dollar Coins Sold Out

In a move that is not too much of a surprise for many collectors, the 2010 Boy Scouts of American Uncirculated Silver Dollar coins have been placed on a "waiting list only" status.

This means that while the United States Mint is technically still offering the opportunity to buy the uncirculated Scout coins, it can not guarantee their availability.

According to the U.S. Mint, those on the waiting list will only be charged and receive a silver dollar if an older order is canceled. The list will be used by the Mint on a first come, first served basis, meaning that anyone who has signed up early has the best chance for an order to be fulfilled.

As of now, the proof Scout coins are still available for normal ordering but the sell-out of the uncirculated variety may place an additional burden on the remaining inventory. As collectors realize the commemoratives are nearing a complete sell-out, demand could ramp-up further for the proof option.

That is not to say that there are many proofs remaining anyway. As of the most recent sales figures released by the Mint last week, 312,653 of the coins had been sold in total through to Sunday, April 18, 2010. This accounted for 89.3% of the 350,000 mintage allowed by law – leaving 37,347 left to be sold. (The silver dollars launched on March 23, 2010.)

Up to that point, collectors had been strongly favoring the proof coin over the uncirculated coin by a margin of 2 to 1, with the numbers showing 211,333 versus 101,320 in sales. How this will equate to the final proof to uncirculated ratio is currently unknown. The Mint has not released its per option mintage. Collectors should have a better idea of what that ratio will be when the Mint releases its newest sales figures later this week.

Both the proof and the uncirculated Scout coins were authorized by Congress with the Boy Scouts of America Centennial Commemorative Coin Act (Public Law 110-363) to mark the 100th anniversary of the founding of the Boy Scouts of America back in 1910.

Each coin is struck from 90% silver and 10% copper to a diameter of 1.5 inches. The obverse (heads side) of each strike shows three members of the scouting organization in full uniform giving a salute while the reverse (tails side) shows the Boy Scouts universal emblem.

Pricing on the coins from the Mint currently stands at $43.95 for the proof. For those willing to be placed on the waiting list, the the uncirculated silver coin price is $35.95. Orders may be placed via the Mint’s website at http://www.usmint.gov.