2012-W Proof Silver Eagle Coin Sales Spike Despite Suspension

The latest weekly U.S. Mint sales stats revealed 2012-W Proof Silver Eagle coin orders spiked despite their suspension on Wednesday, October 3.

Between Monday, October 1, and Monday, October 8, collectors raced to buy 20,359 proof Silver Eagle coins after picking up 12,133 during the final week of September. Given the suspension, all sales presumably came from October days of the 1st through the morning of the 3rd. Demand erupted, supported by rising silver prices that placed the coin’s melt values above $34 an ounce. Some collectors may have also expected a pending sales suspension that would eventually result in higher coin prices. With the latest burst, cumulative 2012-W Proof Silver Eagle coin sales hit 765,747 after having been on the market since April 12, 2012.

Not in collectors’ cross hairs pre-suspension were America the Beautiful Five Ounce Silver Uncirculated Coins. Their weekly gains naturally suffered during the short span of availability. Purchasers took in 1,082 of them in total versus 11,151 while the coin honoring Hawaii Volcanoes National Park launched.

The U.S. Mint resumed sales of all affected 13 silver products on Wednesday, October 10, at the expected higher prices. As mentioned in an earlier article, the products prices rose by $5 per ounce of silver they contained.

Getting back to the weekly outcomes, no other numismatic product could match the popularity of the Proof Silver Eagle coin. The 2012 Silver Proof Set was the second favorite among collectors with its sales total jumping by 3,179 in the latest round. In third place was the Making American History Coin & Currency Set, which has the 2012-S Proof Silver Eagle coin in it, added 1,049.

Bullion Silver Eagle coin sales finally hit the charts for October. Authorized Purchasers grabbed 1,233,000 of them since the last report and tilted 2012’s annual total to 27,028,000. While it took a few days for that to happen, October appears to be starting a little hotter than September did, given that last month at this time sales were only half as high. The question mark is that the increase happened on a single day, October 4. Normally strong months have many days of increases.

The following are the latest United States Mint numismatic product sales:

US Mint Sales: Silver Coin Products for Collectors

	Previous Sales	New Sales	Unit Increase	% Increase	Mintage Limit
2012-S Silver Eagle Two-Coin Set	251,302	251,302	0	0.00%	none
2012 Annual Uncirculated Dollar Coin Set	8,091	8,268	177	2.19%	none
Making American History Coin and Currency Set	41,545	42,594	1,049	2.52%	100,000
2012-W Proof Silver Eagle Coin	745,388	765,747	20,359	2.73%	none
2012-W Uncirculated Silver Eagle Coin	144,230	145,076	846	0.59%	none
2011-W Uncirculated Silver Eagle Coin	303,044	303,134	90	0.03%	none
2012 Silver Proof Sets	304,977	308,156	3,179	1.04%	none
2011 Silver Proof Sets	567,296	567,479	183	0.03%	none
Proof Star-Spangled Banner Silver Dollar	105,714	106,084	370	0.35%	500,000
Uncirculated Star-Spangled Banner Silver Dollar	38,353	38,433	80	0.21%
Star-Spangled Banner Two-Coin Set	10,810	10,828	18	0.17%
Star-Spangled Banner Bicentennial Silver Set	28,733	28,860	127	0.44%
Proof Infantry Soldier Silver Dollar	101,585	101,840	255	0.25%	350,000
Uncirculated Infantry Soldier Silver Dollar	41,966	42,036	70	0.17%
Infantry Soldier Silver Dollar Defenders of Freedom Set	44,574	44,635	61	0.14%
2012 America the Beautiful Quarters Silver Proof Set™	127,595	128,058	463	0.36%	none
2011 America the Beautiful Quarters Silver Proof Set™	145,069	145,152	83	0.06%	none
2012-P Hawaii Volcanoes 5 Ounce Uncirculated Silver Coin	9,186	9,809	623	6.78%	25,000
2012-P Acadia 5 Ounce Uncirculated Silver Coin	11,206	11,344	138	1.23%	25,000
2012-P Chaco Culture 5 Ounce Uncirculated Silver Coin	11,332	11,428	96	0.85%	25,000
2012-P El Yunque 5 Ounce Uncirculated Silver Coin	14,113	14,175	62	0.44%	25,000
2011-P Gettysburg 5 Ounce Uncirculated Silver Coin	23,790	23,833	43	0.18%	35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coin	19,819	19,851	32	0.16%	35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coin	17,353	17,386	33	0.19%	35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coin	17,525	17,554	29	0.17%	35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coin	15,767	15,793	26	0.16%	35,000
9/11 Silver Medal – W	105,545	105,597	52	0.05%	2 million
9/11 Silver Medal – P	66,405	66,443	38	0.06%

 

Monday, October 8, is the as of date for the United States Mint numismatic silver coin product sales above.

The Star-Spangled Banner commemorative products are limited to 100,000 gold coins across all applicable product options, which includes the Two-Coin Set, while the silver coin limit is 500,000.

US Mint Sales: 2012 Bullion American Silver Eagle Coin

January*	6,107,000
February	1,490,000
March	2,542,000
April	1,520,000
May	2,875,000
June	2,858,000
July	2,278,000
August	2,870,000
September	3,255,000
October	1,233,000
Total	27,028,000

 

*These coin figures include a portion of the 2011-dated Silver Eagle. Wednesday, October 10, is the as of date for bullion Eagles.

US Mint Sales: 2011-2012 America the Beautiful Bullion Silver Coins

Gettysburg	126,700
Glacier	126,700
Olympic	85,900
Vicksburg	39,500
Chickasaw	29,700
El Yunque	17,900
Chaco Culture	17,200
Acadia	18,000
Hawaii Volcanoes	10,400

 

The U.S. Mint last updated the America the Beautiful Bullion Silver Coins on Thursday, September 27.