US Mint Sales: Silver Eagles Remain Slow, Silver Proof Sets Near 300K

Overall, United States Mint silver product sales backed off, but much of it had to do with the popular 2010 Silver Proof Set that was released last month. Sales always start out fast and then slow down for new issues. Two silver products were able to outperform previous gains, according to the latest round of US Mint sales figures.

Bullion American Silver Eagles advanced 245,000 compared to 205,000 during the previous week. The increase was just 9,500 shy of reaching 24 million in year-to-date sales. Instead, the total hit 23,990,500. As for the month, September demand remains weaker. 15 days have passed, and authorized buyers have only picked up 390,000. As a comparison, 842,500 had already been purchased in the first eleven days of August — a month that was slow itself, finishing with the second lowest monthly total in 2010.

The other Mint product that performed better was the proof American Veterans Disabled for Life silver dollar. It climbed 799 versus 761 previously. The uncirculated dollar, on the other hand, only rose by 175, compared to 314. A combined total of 226,306 have sold, leaving 123,694 of the maximum 350,000 mintage still available.

The two most popular numismatic products remained the 2010 Silver Proof Set and the America the Beautiful Quarters Silver Proof Set. Collectors and gift-givers scooped up 8,949 of the silver sets during its second full week on sale. The set launched on August 26. Its new total was just shy of 300K, at 297,492.

The quarters set added 1,957 in this round, which was considerably lower than the prior 6,909 weekly gain. The launch of the Grand Canyon quarter into circulation on September 20 should help drive collectors attention to the silver sets.

The following are the latest silver product sales figures:

US Mint Numismatic Silver Coins Sales

	Previous Sales	New Sales	Unit Increase	% Increase	Mintage Limit
2010 American Veterans Disabled for Life Silver Dollar Proof	158,335	159,134	799	0.50%	226,306 of 350,000
2010 American Veterans Disabled for Life Silver Dollar Uncirculated	66,997	67,172	175	0.26%
2010 Boy Scouts of America Centennial Silver Dollar Proof	245,000	245,000	0	0.00%	350,000 of 350,000
2010 Boy Scouts of America Centennial Silver Dollar Uncirculated	105,000	105,000	0	0.00%
2010 America the Beautiful Quarters Silver Proof Set™	176,683	178,640	1,957	1.11%	none
2010 US Mint Silver Proof Set	288,543	297,492	8,949	3.10%	none
2009 US Mint Silver Proof Set	694,406	694,406	0	0.00%	none
2009 Quarters Silver Proof Set	291,388	291,978	590	0.20%	none

 

Sunday, September 12, 2010 is the "as of date" for the US Mint collector coin sales figures shown above.

2010 American Silver Eagle Bullion Sales

January	3,592,500
February	2,050,000
March	3,381,000
April	2,507,500
May	3,636,500
June	3,001,000
July	2,981,000
August	2,451,000
September	390,000
Total	23,990,500

 

Tuesday, September 14 is the "as of date" for the bullion eagle numbers.