US Mint Sales: Silver Products Improve, 2011 Proof Silver Eagles Lead

Despite a couple of lingering annual set suspensions, the majority of United States Mint silver products acquired larger gains over their previous week’s advances, according to the most recent sales report. Exceptions included the Grand Canyon Five Ounce Silver Uncirculated Coin, the Medal of Honor uncirculated dollar, and the 2011 Proof Silver Eagles.

2011 Proof Silver Eagles led the sales pack with an addition of 8,944, but that was down from the 10,593 climb in the prior round. A slowdown was expected though, as its price increased by $8.50 on August 29 to $68.45. They have also been on sale for about nine weeks now, which means many collectors have already made their purchase. At last count, the total amount of proof Silver Eagles sold was 735,865.

The uncirculated Medal of Honor Silver Dollar which unexpectedly jumped by 1,562 in the previous report had a milder increase of 389 in this report.

The last US Mint product with weakened sales was the Grand Canyon Five Ounce Silver Uncirculated Coin. Given that it officially sold out last Wednesday, smaller sales were expected. Its latest count moved up 110 compared to 620 previously. With a new total of 27,884, expectations are for cuts to follow in order to bring them toward a 27,000 mintage.

West Point produced 9/11 Silver Medals remained popular. They surged 3,274 after advancing 437 in the last round. The Philadelphia strike leaped as well, rising 1,877 against the previous decline of 19.

Two other gainers worth mentioning were the 2010 Silver Proof Set and 2010 America the Beautiful Quarters Silver Proof Set. They have been "temporarily unavailable" per the US Mint since Friday, September 2. Still, before their suspensions collectors picked up 490 of the silver proof sets and 954 of the quarter sets.

As for the bullion market, September is looking a little sleepy compared to the first week of earlier months. So far, the Mint’s Authorized Purchasers network has ordered 175,000 Silver Eagles in the first eight days of the month. That is drastically slower than the previous month, when they purchased 1,039,000 bullion Silver Eagles by August 8.

The following are the latest US Mint product sales figures:

US Mint Sales: Collector Silver Coins

	Previous Sales	New Sales	Unit Increase	% Increase	Mintage Limit
9/11 Silver Medals – W	95,637	98,911	3,274	3.42%	157,467 of 2,000,000
9/11 Silver Medals – P	56,679	58,556	1,877	3.31%
2010-P Mount Hood 5 Ounce Silver Uncirculated Coin	19,645	20,094	449	2.29%	20,094 of 27,000
2010-P Grand Canyon 5 Ounce Silver Uncirculated Coin	27,774	27,884	110	0.40%	27,884 of 27,000
2010-P Yosemite 5 Ounce Silver Uncirculated Coin	27,000	27,000	–	0.00%	27,000 of 27,000
2010-P Yellowstone 5 Ounce Silver Uncirculated Coin	27,000	27,000	–	0.00%	27,000 of 27,000
2010-P Hot Springs 5 Ounce Silver Uncirculated Coin	27,000	27,000	–	0.00%	27,000 of 27,000
2011 Medal of Honor Dollar Proof	96,950	97,572	622	0.64%	136,722 of 500,000
2011 Medal of Honor Dollar Uncirculated	38,761	39,150	389	1.00%
2011 US Army Dollar Proof	108,648	109,054	406	0.37%	150,267 of 500,000
2011 US Army Dollar Uncirculated	41,097	41,213	116	0.28%
2011 US Mint Silver Proof Set	450,242	453,443	3,201	0.71%	none
2010 US Mint Silver Proof Set	571,897	572,387	490	0.09%	none
2011 America the Beautiful Quarters Silver Proof Set™	111,372	113,157	1,785	1.60%	none
2010 America the Beautiful Quarters Silver Proof Set™	264,582	265,536	954	0.36%	none
2011 Proof Silver Eagles	726,921	735,865	8,944	1.23%	none
2010 Proof Silver Eagles	860,000	860,000	0	0%	none

 

Monday, September 5, is the "as of date" for all the US Mint collector coin sales figures shown above.

 

2011 America the Beautiful Bullion Coins Sales

Chickasaw	17,500
Vicksburg	28,800
Olympic	81,200
Glacier	126,700
Gettysburg	126,700

 

Friday, September 2, is the "as of date" for the America the Beautiful bullion coin sales.

US Mint Sales: 2011 Silver Eagles (Bullion Coins)

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	175,000
Total	29,126,000

 

Thursday, September 8, is the "as of date" for the bullion American Silver Eagle. *The sales figures include 469,500 of the 2010-dated Silver Eagles sold this year.