US Mint Sales: Silver Products Fall to Three
February 3, 2010 by Silver Coins Today · Leave a Comment
The portion of the weekly sales report from the United States Mint covering silver coins is getting smaller and smaller.
Last week’s Annual Uncirculated Dollar Set sell out brought the amount of US Mint’s silver related offerings down to three — two collector driven products released last year, and the new 2010 American Silver Eagle Bullion coins.
The plunge in silver prices last week was less than beneficial for Silver Eagles. And while silver has marked gains this week, as of Wednesday morning that has not translated into more eagle sales. Mint authorized buyers have not purchased a single Silver Eagle since last Wednesday, according to Mint stats. That is atypical. However, last month’s sales broke a record with the most ever scooped up in a January. Buyers apparently have enough inventory on hand, and are not yet inclined to purchase more.
[Editor’s update: The US Mint updated Silver Eagle bullion sales Wednesday afternoon, adding 500,000 for a new year-to-date total of 4,092,500. The below table was updated as well.]
On the collector coin front, interest in the18-coin US Mint Silver Proof Set improved over the prior week. The latest weekly gain comes in at 2,739 versus 2,511 from the last report. Collectors have now purchased a total of 655,703 sets.
DC/Territories Quarters Silver Proof Set demand retreated slightly. Gains were 720 compared to 756.
The following tables provide the sales breakouts:
US Mint Collector Silver Coins Sales
(Sales compare previous to current Mint figures)
Previous Sales
|
New Sales
|
Unit Increase
|
% Increase
|
Mintage Limit
|
|
2009 US Mint Silver Proof Set | 652,964 | 655,703 | 2,739 | 0.42% | none |
2009 Quarters Silver Proof Set | 269,908 | 270,628 | 720 | 0.27% | none |
*Silver coin products with an asterisk are no longer available. Prior year products are listed until replaced by the new year offering, or for reference. Sunday, Jan. 31, is the "as of date" for the US Mint collector coin sales figures shown above.
Silver Eagle Bullion Coin Sales: February 2010
Jan 27
|
Feb 3
|
Feb 10
|
Feb 17
|
Feb 24
|
3,592,500
|
500,000
|
–
|
–
|
–
|
2010-dated bullion Silver Eagles went on sale Tuesday, Jan. 19. The Mint does not sell its bullion coins directly to the public. Instead it works with a small number of authorized purchasers who in turn resell the coins to precious metal providers, investors, dealers and collectors. These coins do not have a mint mark, unlike their numismatic proof and uncirculated counterparts struck specifically for collectors No release announcement has been made by the Mint for the collector versions. The 2009s were canceled as a result of high demand for the bullion variants.