Post Suspension Silver Product Sales Rebound for US Mint

Amidst U.S. Mint silver product suspensions and their eventual return to sales, buying activity mostly improved. Twenty numismatic silver products experienced higher week-over-week gains as compared to just 4 in the prior round.

Demand for silver coins and other related silver products, however, did not bounce back to the pre-suspension levels. Three factors playing a role in the latest sales stats were:

• the number of silver product availability days,
• the U.S. Mint’s $5 per ounce price increase on silver coins, and
• silver prices that fell significantly, in a few short days, from earlier heights that helped kicked-off the silver product suspensions

The temporary sales suspension occurred mid-week, lasting from Wednesday, October 3 to Wednesday, October 10, and the weekly figures account for sales occurring between Monday through to the following Monday. Hence, U.S. Mint reported sales in the prior round and the latest round were cut short.

As for the price of silver on the London Fix, it dropped nearly a dollar from $34.72 an ounce on October 3 to $33.79 an ounce by October 10. Many collectors closely watch market prices of the white metal and tend to curb their collectible coin spending when silver coin melt values slip. Interestingly, that was not necessary the case in the latest round of sales stats.

It was for 2012-W Proof Silver Eagle coins, as collectors recently ordered 8,835. That amount was down from the 20,359 in the prior report. The $5 price increase for the Silver Eagle coupled with falling silver prices appears to have dampened enthusiasm.

But as mentioned, week-over-week increases in other U.S. Mint products were mostly the norm. As an example, the trend reversed for the 2012-W Uncirculated Silver Eagle coins. Purchases nearly doubled in the current round with 1,589 after only having 846 previously.

The following are the latest United States Mint numismatic silver 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	8,268	8,563	295	3.57%	none
Making American History Coin and Currency Set	42,594	43,249	655	1.54%	100,000
2012-W Proof Silver Eagle Coin	765,747	774,582	8,835	1.15%	none
2012-W Uncirculated Silver Eagle Coin	145,076	146,665	1,589	1.10%	none
2011-W Uncirculated Silver Eagle Coin	303,134	303,333	199	0.07%	none
2012 Silver Proof Sets	308,156	311,281	3,125	1.01%	none
2011 Silver Proof Sets	567,479	567,891	412	0.07%	none
Proof Star-Spangled Banner Silver Dollar	106,084	106,327	243	0.23%	500,000
Uncirculated Star-Spangled Banner Silver Dollar	38,433	38,518	85	0.22%
Star-Spangled Banner Two-Coin Set	10,828	10,856	28	0.26%
Star-Spangled Banner Bicentennial Silver Set	28,860	29,058	198	0.69%
Proof Infantry Soldier Silver Dollar	101,840	102,553	713	0.70%	350,000
Uncirculated Infantry Soldier Silver Dollar	42,036	42,084	48	0.11%
Infantry Soldier Silver Dollar Defenders of Freedom Set	44,635	44,738	103	0.23%
2012 America the Beautiful Quarters Silver Proof Set™	128,058	128,409	351	0.27%	none
2011 America the Beautiful Quarters Silver Proof Set™	145,152	145,236	84	0.06%	none
2012-P Hawaii Volcanoes 5 Ounce Uncirculated Silver Coin	9,809	10,430	621	6.33%	25,000
2012-P Acadia 5 Ounce Uncirculated Silver Coin	11,344	11,601	257	2.27%	25,000
2012-P Chaco Culture 5 Ounce Uncirculated Silver Coin	11,428	11,556	128	1.12%	25,000
2012-P El Yunque 5 Ounce Uncirculated Silver Coin	14,175	14,278	103	0.73%	25,000
2011-P Gettysburg 5 Ounce Uncirculated Silver Coin	23,833	23,890	57	0.24%	35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coin	19,851	19,909	58	0.29%	35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coin	17,386	17,430	44	0.25%	35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coin	17,554	17,597	43	0.24%	35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coin	15,793	15,836	43	0.27%	35,000
9/11 Silver Medal – W	105,597	105,656	59	0.06%	2 million
9/11 Silver Medal – P	66,443	66,494	51	0.08%

 

Monday, October 15, 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	1,818,000
Total	27,613,000

 

*These coin figures include a portion of the 2011-dated Silver Eagle. Tuesday, October 16, 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	18,200
Acadia	18,500
Hawaii Volcanoes	11,400

 

The U.S. Mint last updated the America the Beautiful Bullion Silver Coins on Tuesday, October 16.