US Mint Sales: Grand Canyon Silver Coin Nears Sell Out

Orders for the Grand Canyon 5 Ounce Silver Uncirculated Coin are quickly approaching their maximum limit of 27,000, according to the latest US Mint sales figures, while demand continues to boom for 2011 Proof Silver Eagles and 9/11 Silver Medals.

It should not take long for collectors to scoop up the remaining 738 Grand Canyon silver coins. That was all that remained after 2,045 of them sold during the past week, following news that the US Mint removed its order limits. The collector coin was released June 29 as the fourth issue in the America the Beautiful Five Ounce Silver Uncirculated Coin series.

But it was the 2011 Proof Silver Eagle that remained at the top of the demand chain with an impressive sales gain of 35,271. If the current pace is maintained, the Eagles will pass the 700K marker in the next round, since they were only 20,653 short of it this time. The collector Silver Eagles have been on the market for six weeks, and they already attained nearly 79% of the 860,000 orders for last year’s issue.

The other hot ticket items were the 9/11 Silver Medals, again. Their combined pick-up was 17,026, although that was short of the prior increase of 22,312. West Point medals continued to blaze stronger than those produced in Philadelphia, 11,857 to 5,169. So far, the US Mint sold 134,390 of the medals at the introductory price of $56.95. After 5 PM Eastern Time this Thursday, August 18, their price will rise to $66.95.

Investment-grade bullion Silver Eagles edged higher than their previous weekly gain for a second week in a row. Sales jumped by 880,500 compared to 845,500 and 716,500 previously, making August a hot, hot month. Another 15 days remain, and the total is already 1,984,500. Year-to-date sales come to 27,256,500.

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	72,966	84,823	11,857	16.25%	134,390 of 2,000,000
9/11 Silver Medals – P	44,398	49,567	5,169	11.64%
2010-P Mount Hood 5 Ounce Silver Uncirculated Coin	17,504	18,702	1,198	6.84%	18,702 of 27,000
2010-P Grand Canyon 5 Ounce Silver Uncirculated Coin	24,217	26,262	2,045	8.44%	26,262 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	95,872	96,366	494	0.52%	133,476 of 500,000
2011 Medal of Honor Dollar Uncirculated	36,977	37,110	133	0.36%
2011 US Army Dollar Proof	107,699	108,091	392	0.36%	149,011 of 500,000
2011 US Army Dollar Uncirculated	40,835	40,920	85	0.21%
2011 US Mint Silver Proof Set	441,712	444,355	2,643	0.60%	none
2010 US Mint Silver Proof Set	570,791	571,186	395	0.07%	none
2011 America the Beautiful Quarters Silver Proof Set™	106,940	107,675	735	0.69%	none
2010 America the Beautiful Quarters Silver Proof Set™	261,922	262,684	762	0.29%	none
2011 Proof Silver Eagles	644,076	679,347	35,271	5.48%	none
2010 Proof Silver Eagles	860,000	860,000	0	0%	none

 

Monday, August 15, is the "as of date" for all the US Mint collector coin sales figures shown above.

 

2011 America the Beautiful Bullion Coins Sales

August

10,300

 

Monday, August 15, 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	1,984,500
Total	27,256,000

 

Tuesday, August 16, 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.