2012 Proof Silver Eagle Sales Top 600K, Trumping Annual $1 Coin Set

September 13, 2012 by · Leave a Comment 

Collectors last week focused a great deal of attention on the U.S. Mint’s 2012-W Proof Silver Eagle, based on the bureau’s recent coin sales stats.

2012 Annual Uncirculated Dollar Coin Set and 2012-W Proof Silver Eagle coin

Slow starting sales for the debuting 2012 Annual Uncirculated Dollar Coin Set contrasted against fiery weekly sales of the 2012-W Proof Silver Eagle

At the same time, however, orders for this year’s 2012-W Uncirculated Silver Eagle seemed grim, as its sales plunged by thousands — more than the debut sales of the 2012 Annual Uncirculated Dollar Coin Set that contains one of the coins.

2012-W Proof Silver Eagle Surpasses 600,000

Increases for the proof Silver Eagle outperformed all of the other numismatic silver products put together. In fact, it was the best-selling U.S. Mint collector product. The Silver Eagles soared by 62,623, topping 600,000 — hitting 659,438, to be exact.

One factor supporting stronger sales was silver’s steadily climbing price. On Monday, September 3, it was $31.74 an ounce on the London Fix. Spot silver jumped by more than $1.30 today alone, and is currently at $34.65. When silver’s price rises and silver coins’ melt values go up, premiums that the U.S. Mint charges dwindle to make popular silver products — especially Silver Eagles — more attractive.

Sales Fall for 2012-W Uncirculated Silver Eagle

Oddly, sales of the 2012-W Uncirculated Silver Eagle fell by 8,791 in one week from 144,955 in the prior report to 136,164. They’ve been available individually since August 2, 2012. An adjustment this early in the sales period was not expected. In the first week of availability, collectors scooped up 123,801 coins, but demand has cooled over the weeks. Possible explanations for the sudden fall could be accounting corrections found during the U.S. Mint’s quarterly inventory that ended just recently. More common adjustments result from several large customer returns and cancellations.

The U.S. Mint generally accepts returns for any reason as long as the entire product is returned within seven days. It should be noted, though, returns are not being accepted for customers who are unsatisfied with an old logo on the packaging for the 2012 Uncirculated Silver Eagle. Below is a detailed explanation from the Mint’s online FAQ’s page, Answer ID 231.

"There are two types of artwork appearing on the packaging for the 2012 American Eagle Silver Uncirculated Coins. One depicts the United States Mint’s standard artwork prior to its new branding effort launched in 2010. The other depicts the updated logo for the United States Mint introduced in 2010. In order to reduce waste, we made a determination to consume all remaining packaging that had the prior graphical elements before moving to the current logo. We are not able to honor requests for a particular logo, as fulfillment will be random. For this same reason, returns for graphical elements will not be accepted."

Debut Sales for the 2012 Annual Uncirculated Dollar Coin Set

In a related category, the 2012 Annual Uncirculated Dollar Coin Set went on sale Thursday, September 6, 2012. It debut sales were 4,941 by Monday. That was lower than the starting sales from the two other previously released annual sets in 2007 and 2008. Yet, their sales start did not explode either but ended well. The 2007 set debuted at 5,762 and eventually reached 90,167 and the 2008 set debuted at 15,421, but reached 98,896.

In bullion coin news, the 2012 Hawaii Volcanoes National Park 5 Ounce Silver Bullion Coin debuted with 7,900 in sales on Monday, and bullion American Silver Eagles added 664,000 to their monthly total over the last seven days. The new September total hit 1,039,000.

The following are the latest United States Mint numismatic product sales:

US Mint Sales: Silver Coin Products for Collectors

  Previous Sales New Sales Unit Increase % Increase Mintage Limit
2012 Annual Uncirculated Dollar Coin Set 4,941 none
2012-S Silver Eagle Two-Coin Set 251,302 251,302 0 0.00% none
Making American History Coin and Currency Set 36,549 37,654 1,105 3.02% 100,000
2012-W Proof Silver Eagle 596,815 659,438 62,623 10.49% none
2012-W Uncirculated Silver Eagle 144,955 136,164 (8,791) -6.06% none
2011-W Uncirculated Silver Eagle 300,100 300,630 530 0.18% none
2012 Silver Proof Set 288,849 292,687 3,838 1.33% none
2011 Silver Proof Set 566,291 566,628 337 0.06% none
Proof Star-Spangled Banner Silver Dollar 104,489 104,793 304 0.29% 500,000
Uncirculated Star-Spangled Banner Silver Dollar 38,052 38,148 96 0.25%
Star-Spangled Banner Two-Coin Set 10,664 10,710 46 0.43%
Star-Spangled Banner Bicentennial Silver Set 27,807 28,148 341 1.23%
Proof Infantry Soldier Silver Dollar 100,624 100,806 182 0.18% 350,000
Uncirculated Infantry Soldier Silver Dollar 41,544 41,604 60 0.14%
Infantry Soldier Silver Dollar Defenders of Freedom Set 44,165 44,284 119 0.27%
2012 America the Beautiful Quarters Silver Proof Set™ 125,618 126,239 621 0.49% none
2011 America the Beautiful Quarters Silver Proof Set™ 144,618 144,757 139 0.10% none
2012-P Acadia 5 Ounce Uncirculated Silver Coins 8,288 9,318 1,030 12.43% 25,000 
2012-P Chaco Culture 5 Ounce Uncirculated Silver Coins 9,612 10,167 555 5.77% 25,000 
2012-P El Yunque 5 Ounce Uncirculated Silver Coins 12,798 13,143 345 2.70% 25,000
2011-P Gettysburg 5 Ounce Uncirculated Silver Coins 23,064 23,186 122 0.53% 35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coins 19,274 19,383 109 0.57% 35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coins 16,861 16,960 99 0.59% 35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coins 16,975 17,078 103 0.61% 35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coins 15,226 15,348 122 0.80% 35,000
9/11 Silver Medal – W 105,173 105,266 93 0.09% 2 million
9/11 Silver Medal – P 66,135 66,215 80 0.12%


Monday, September 10, is the as of date for the United States Mint numismatic silver coin product sales above.

The Star-Spangled Banner commemorative products are limited to 100,000 gold coins across all applicable product options, which includes the Two-Coin Set, while the silver coin limit is 500,000.

US Mint Sales: 2012 Bullion American Silver Eagle Coin

January* 6,107,000
February 1,490,000
March 2,542,000
April 1,520,000
May 2,875,000
June 2,858,000
July 2,278,000
August 2,870,000
September 1,039,000
Total 23,579,000


*These coin figures include a portion of the 2011-dated Silver Eagle. Wednesday, September 12, is the as of date for bullion Eagles.

US Mint Sales: 2011-2012 America the Beautiful Bullion Silver Coins

Gettysburg 126,700
Glacier 126,700
Olympic 85,900
Vicksburg 39,500
Chickasaw 29,700
El Yunque 16,700
Chaco Culture 17,000
Acadia 15,100
Hawaii Volcanoes 7,900


Monday, September 10, is the as of date for the bullion America the Beautiful Silver Coin sales above.

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