US Mint Sales: Price Reductions Boost Silver Coins

The new year opened with fiery hot Silver Eagle bullion sales, while silver coins for collectors mostly exceeded their prior week’s gains thanks to price cuts. The latest United States Mint figures showed all but two silver products outperformed.

2012 Silver Eagle bullion sales climbed another 175,000 after starting the new year at 3,197,000, which moved the new total to 3,372,000. Some of those orders, however, included leftover 2011-dated strikes.

As for the bullion coin’s December total, it stayed at 2,009,000. So, 2011 wrapped up with 39,868,500 in Silver Eagle sales, just 131,500 short of the 40 million milestone. Still, 39+ million went down in history as the highest annual sales record for the 25 year old series of .999 fine silver coins.

The top seller on the collector front was the 2011-W Uncirculated Silver Eagle. 4,941 orders were added to its total, bringing it to 230,343. The boost was likely due to the silver coin’s lower price of $45.95.

Right behind the Uncirculated Silver Eagle was the 2011 Silver Proof Set. Collectors picked up 4,573 of them in this round, as well as 1,746 of the 2010 Silver Proof Set. The prices for the sets did not change last week when the silver coin prices dropped, which is probably why these two sets had slower sales. In the prior week, collectors took in 4,997 and 2,823 of them.

Also reduced in price (-$25) were the four available America the Beautiful 5 Ounce Silver Uncirculated Coins honoring Olympic National Park in Washington, Glacier National Park in Montana, Gettysburg National Military Park in Pennsylvania and Mount Hood National Forest in Oregon. Each of the uncirculated coins showed week-over-week sales improvements. The Mount Hood coins could sell out at any moment, given just 431 of the 27,000 remained available as of Tuesday.

The launch of the first 2012 silver numismatic product, the 2012 America the Beautiful Quarters Silver Proof Set, is less than one week away with a scheduled release of January 10, 2012.

The following are the latest United States Mint product sales:

US Mint Sales: Silver Coins and Sets for Collectors

	Previous Sales	New Sales	Unit Increase	% Increase	Mintage Limit
2011-W Uncirculated American Silver Eagle	225,402	230,343	4,941	2.19%	none
9/11 Medals – P	61,810	61,974	164	0.27%
2011 Silver Proof Set	537,875	542,448	4,573	0.85%	none
2010 Silver Proof Set	583,668	585,414	1,746	0.30%	none
2011 America the Beautiful Quarters Silver Proof Set™	133,461	134,766	1,305	0.98%	none
2010 America the Beautiful Quarters Silver Proof Set™	272,886	274,003	1,117	0.41%	none
2011-P Olympic 5 Ounce Uncirculated Silver Coins	10,377	10,935	558	5.38%	35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coins	13,853	14,229	376	2.71%	35,000
2011-P Gettysburg 5 Ounce Uncirculated Silver Coins	16,578	16,937	359	2.17%	35,000
2010-P Mount Hood 5 Ounce Uncirculated Silver Coins	26,227	26,569	342	1.30%	27,000
2010-P Grand Canyon 5 Ounce Uncirculated Silver Coins	26,019	26,019	–	0.00%	27,000
2010-P Yosemite 5 Ounce Uncirculated Coin	27,000	27,000	–	0.00%	27,000
2010-P Yellowstone 5 Ounce Uncirculated Coin	27,000	27,000	–	0.00%	27,000
2010-P Hot Springs 5 Ounce Uncirculated Coin	27,000	27,000	–	0.00%	27,000
25th Anniversary Silver Eagle Set	100,000	100,000	–	0.00%	100,000
2011-W Proof Silver Eagle	850,000	850,000	–	0.00%	none
2011 Medal of Honor Dollar Proof	112,850	112,850	–	0.00%	157,619 of 500,000
2011 Medal of Honor Dollar Uncirculated	44,769	44,769	–	0.00%
2011 US Army Dollar Proof	119,829	119,829	–	0.00%	163,346 of 500,000
2011 US Army Dollar Uncirculated	43,517	43,517	–	0.00%

 

Tuesday, January 3, is the "as of date" for all the United States Mint collector coin sales figures shown above.

 

US Mint Sales: 2011 America the Beautiful Bullion Coins

Gettysburg	126,700
Glacier	126,700
Olympic	84,100
Vicksburg	34,300
Chickasaw	26,900
Year-to-Date Total	398,700

 

Tuesday, January 3, is the "as of date" for the America the Beautiful bullion coin sales.

US Mint Sales: 2012 American Silver Eagle Bullion Coins

January*	3,372,000
Total	3,372,000

 

*The sales figures include a portion of the 2011-dated Silver Eagle coins.

US Mint Sales: 2011 American Silver Eagle

January*	6,422,000
February	3,240,000
March	2,767,000
April	2,819,000
May	3,653,500
June	3,402,000
July	2,968,000
August	3,679,500
September	4,460,500
October	3,064,000
November	1,384,000
December	2,009,000
Total	39,868,500

 

Wednesday, January 4, is the "as of date" for bullion American Silver Eagles. *The US Mint sales figures include 469,500 of the 2010-dated Silver Eagle coins sold in 2011.