Proof Silver Eagle Returns at Lower $54.95 Price

Coin collectors can again purchase the 2012 Proof Silver Eagle from West Point, and at a lower price.

2012-W Proof Silver Eagle

Sales were halted nearly two weeks ago for re-pricing when silver prices plunged below $27 an ounce. This morning, July 25, the United States Mint lifted the coin’s temporary suspension. It was re-introduced at a price of $54.95, or $5 less than when it debuted in mid-April at $59.95. Ironically, silver prices today have surged by more than 50 cents and currently stand at $27.50 an ounce.

While taking a modest 44 dip from cancellations and returns during its suspension, sales of the 2012-W Proof Silver Eagle are approaching a milestone of 500,000. Collectors need to order 7,255 more to hit the level. That should occur by early August based on past trends. Last year’s proof Silver Eagle from West Point reached eventual sales of 950,000 — 100,000 of that total came from sales of the 25th anniversary set.

Helping the Eagle will be additional American Silver Eagle releases. Namely, the Making American History Coin & Currency Set debuts on August 7, 2012 for $72.95. While the set contains a special serial numbered $5 bill, it also has a proof Silver Eagle from San Francisco. The commemorative set honoring the Bureau of Engraving and Printing’s 150th anniversary and the Mint’s 220th year of service should spark additional interest across all U.S. Mint’s American Eagle products. That certainly was the case when the Mint released its American Silver Eagle Two Coin Proof Set earlier this year.

Also coming up for release is the 2012-dated uncirculated Silver Eagle from West Point. It will debut next Thursday, August 2, at a price of $45.95.

American Silver Eagles are composed of one ounce of 99.9% fine silver. They are among the most popular of world coins.