Demand Rises for US Silver Coins, Led by Silver Eagle Products

June 28, 2012 by · Leave a Comment 

Silver coins are pulling in more buyers, based on fresh sales data from the United States Mint. 22 silver products experienced higher weekly sales as compared to the last one, and the top three surged by amounts exceeding 10,000.

Snapshot of US Mint website

Snapshot of the US Mint website showing a top-selling silver product

In particular, U.S. Mint sales reflect greater demand for the 2012-W Proof Silver Eagle and the San Francisco American Silver Eagle Two-Coin Set. Their weekly numbers rallied by 18,696 and 27,113, respectively. In the last report, collectors took in just 5,469 Eagles while the two-coin sets rose 14,164.

With these latest increases, the 2012-W Proof Silver Eagle reached 456,451 since its debut on April 12, 2012 and orders for the San Francisco American Silver Eagle Two-Coin Set hit 162,581 since its release on June 7, 2012. The two-coin set’s cumulative total, it should be noted, is current as of Wednesday, June 27. The set will only be available for one more week with an ordering deadline of Thursday, July 5.

Another big jump was seen for the 2012 Silver Proof Set with sales now at 218,675. It propelled 15,021 in this round versus the prior 14,026.

Once again, the Infantry Soldier Silver Dollar Defenders of Freedom Set fell backwards. In the time since May 14, the set’s total increased only twice and dropped the other five times, counting the -341 in this round. The new total is 43,355, or 6,986 from hitting its maximum of 50,000.

In bullion silver news, the 2012 Chaco Culture National Historical Park 5 Ounce Silver Bullion Coin was added to the sales table below with 3,200 orders. Also, Silver Eagle bullion coins advanced 893,000 and are now at 2,593,000 for June and 17,127,000 for the year.

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
2012-S Silver Eagle Two-Coin Set 135,468 162,581* 27,113 15.58% none
2012-W Proof Silver Eagle 437,755 456,451 18,696 4.27% none
2011-W Uncirculated Silver Eagle 292,905 293,807 902 0.31% none
2012 Silver Proof Set 203,654 218,675 15,021 7.38% none
2011 Silver Proof Set 563,120 563,509 389 0.07% none
Proof Star-Spangled Banner Silver Dollar 93,629 95,008 1,379 1.47% 500,000**
Uncirculated Star-Spangled Banner Silver Dollar 35,428 35,815 387 1.09%
Star-Spangled Banner Two-Coin Set 9,556 9,754 198 2.07%
Star-Spangled Banner Bicentennial Silver Set 15,093 17,481 2,388 15.82%
Proof Infantry Soldier Silver Dollar 94,759 95,540 781 0.82% 350,000
Uncirculated Infantry Soldier Silver Dollar 40,018 40,216 198 0.49%
Infantry Soldier Silver Dollar Defenders of Freedom Set 43,355 43,014 -341 -0.79%
2012 America the Beautiful Quarters Silver Proof Set™ 113,557 114,956 1,399 1.23% none
2011 America the Beautiful Quarters Silver Proof Set™ 142,995 143,113 118 0.08% none
2012-P El Yunque 5 Ounce Uncirculated Silver Coins 9,639 10,338 699 7.25% 25,000
2011-P Gettysburg 5 Ounce Uncirculated Silver Coins 22,060 22,165 105 0.48% 35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coins 18,540 18,622 82 0.44% 35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coins 16,178 16,264 86 0.53% 35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coins 16,249 16,337 88 0.54% 35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coins 14,528 14,631 103 0.71% 35,000
9/11 Silver Medal – W 102,135 102,433 298 0.29% 2 million
9/11 Silver Medal – P 65,032 65,205 173 0.27%

 

*Monday, June 25, is the as of date for the United States Mint collector coin sales above, except the 2012-S Silver Eagle Two-Coin Set, which is as of Wednesday, June 27.

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 Eagle Silver Coins

January* 6,107,000
February 1,490,000
March 2,542,000
April 1,520,000
May 2,875,000
June 2,593,000
Total 17,127,000

 

*These coin figures include a portion of the 2011-dated Silver Eagle coins. Tuesday, June 26, 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 85,200
Vicksburg 38,600
Chickasaw 28,900
El Yunque 9,900
Chaco Culture 3,200

 

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