2010 Proof Silver Eagle Coins Not Sold Out

A selection of U.S. Mint customers received a jolt this week after they were notified in an email that their 2010 Proof Silver Eagle subscription was placed on backorder. A second email then came a few days later saying their order had been canceled because the silver coins had sold out.

The two messages were actually sent in error. The 2010 Silver Eagle is not sold out.

The Mint later confirmed that fact in a third email sent to customers later Thursday stating:

Dear United States Mint Customer,

On Wednesday, November 10, 2010, The United States Mint sent email notifications out to customers notifying them that some backordered and subscription items were canceled. This was an error. We are diligently working on a resolution to this issue.

We sincerely apologize for the confusion and inconvenience this may have caused.

United States Mint
Customer Service Center

U.S. Mint subscriptions enable customers to place orders for upcoming or annual products, which are then automatically delivered when the product is released. For example, a customer who enters a subscription for Proof Silver Eagles will automatically receive each year’s new issue when they become available — without having to visit the Mint’s website or place a call when they officially go on sale. Buyers only need to make sure their credit card and address information is kept up to date.

The Mint announced in early October that the 2010 Proof Silver Eagles would go on sale Friday, November 19, at noon ET. The one ounce .999 fine proof silver coin has a price tag of $45.95, with a per household order limit of 100 in place.

There is enormous pent up demand for the popular silver coins. Last year’s 2009 issue was canceled — the first time since they were introduced in 1986, as all available silver coin planchets were used to fulfill the unprecedented demand for the bullion versions. Unlike the proofs, bullion Silver Eagle coins are intended more for investors, do not feature the special collector finish, and do not bear the West Point "W" mintmark.