US Mint Sales: Silver Eagles Strolling at 1.25 Million

With the United States Mint headquarters closed down due to winter storms during the first four business days of last week, coin sales were not reported last Wednesday. This week’s report, therefore, includes two weeks worth of data instead of the normal one.

Positive news on the horizon is that the US Mint will begin selling the 2010 American Veterans Disabled for Life Commemorative Silver Coin next week on Thursday, February 25. (See their coin designs and specs.) While the proof and uncirculated dollars will be priced $2 more than last year’s commemoratives, collectors will at least have another 2010-dated silver coin offering to consider. On the numismatic front, only two silver products are available from the Mint right now and those are from 2009.

In terms of the latest sales for those, the 2009 US Mint Silver Proof Set picked up 4,130 to reach 659,833 while the 2009 DC & US Territories Quarters Silver Proof Set advanced 1,158 to hit 271,786 sold.

On the bullion side of the aisle, American Silver Eagle bullion coins are strolling along at a leisurely pace. Silver prices have recently risen, so the coins could begin trotting at any time. Since the last report two weeks ago, authorized buyers ordered another 750,000. The February total is now up to 1,250,000 with slightly more than 1 1/2 weeks left in the month. The pace will have to pick up to reach last year’s February tally of 2,125,000. Year-to-date sales of the one ounce silver coins are at 4,842,500.

The following tables provide the latest 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	655,703	659,833	4,130	0.63%	none
2009 Quarters Silver Proof Set	270,628	271,786	1,158	0.43%	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, February 14, 2010, 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	500,000	1,250,000	–

 

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.