25th Anniversary American Silver Eagle Set Released

October 27, 2011 by · 9 Comments 

2011 American Silver Eagle Anniversary Set

The 25th Anniversary Silver Eagle Coin Set went on sale October 27 at a price of $299.95

Collectors on Thursday scrambled to place an order for the 25th Anniversary American Silver Eagle Set, released by the United States Mint at noon ET for $299.95.

Some were successful, and many failed — at least during the first hour and a half when the Mint’s website (http://catalog.usmint.gov) was down more than up, and its customer service phone lines were too busy to get through for placing orders.

The anniversary set is an exciting product for collectors with its five 2011-dated American Silver Eagle coins. Many expect a sell-out given its 100,000 limit, five-coin coin per household limit, and — most important, the likelihood that two of the Silver Eagles will be sold by the Mint exclusively through the set.

Created by the United States Mint to celebrate twenty-five years since the American Silver Eagle Program debuted in 1986, the American Silver Eagle Set includes:

The first three coins have been available individually from the United States Mint for some time. The uncirculated Eagle minted in San Francisco and the reverse proof Eagle minted in Philadelphia have only been promoted within the set, and most believe they will be available only through it.

Secondary market prices are already through the roof. Ebay on Thursday had "Buy It Now" prices ranging from $480 to $1,000 for one. Extremely active auction bidding was seen in the $450 area.

Each of the American Silver Eagles are composed of .999 fine silver, have a diameter of 1.500 inches and weigh one ounce. Each obverse features Adolph A. Weinman’s Walking Liberty design. The reverses depict John Mercanti’s heraldic eagle with shield.

[Editor’s Update 1: The United States Mint placed the sets on a waiting list about 4 and 1/2 hours after they were released, meaning buyers had ordered all 100,000 of them. Customers can join the Mint’s waiting list and hope an old order is canceled, so theirs is processed.]

[Editor’s Update 2: The United States Mint declared Friday morning that the sets had sold out.]

For those wanting to place an order directly from the Mint, visit its online store at http://catalog.usmint.gov, or call directly at 1-800-USA-MINT (872-6468).



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Comments

9 Responses to “25th Anniversary American Silver Eagle Set Released”
  1. Robert Rodriguez says:
    October 27, 2011 at 2:02 pm

    I used 2 computers and many tabs and finally got a chance to place an order at 1:26 pm. At the same time I was dialing every 15 seconds since 11:50 and never got through. But I am happy that my order of 5 have been placed.

  2. Robert Rodriguez says:
    October 27, 2011 at 2:05 pm

    But I wonder silver was at around 31 when the mint made the price of $299. Today silver is up to $35 an oz. Since the mint will not charge until they ship on 11/11/2011. Can they change the price?

  3. Kevin says:
    October 27, 2011 at 2:55 pm

    I ordered on the phone and was told by the representative that the price would not change regardless of spot price.

  4. Jim says:
    October 27, 2011 at 3:31 pm

    Line was busy if you pressed 1 as instructed to make a purchase. However, I pressed 0 and got a friendly operator who took my order for 5 sets right away.

  5. Steve says:
    October 27, 2011 at 3:56 pm

    It took me 4 hours before I was able to place my order on line, I had signed in ahead of time, a few hours early and kept refreshing the page and about 5 minutes before it was time to go into action it kicked me out. My local coin shop will pay $350.00 per set for people who order these, they have 460 people who are going to order this set and take it to them for $350.00 each, just add that up, right out the gate. I have a few 2006 sets and sold one of those for just over $300.00 to get the money to buy this set, once I get it, I will not open it, just put it away.

    Thanks

  6. jimmy h says:
    October 27, 2011 at 4:33 pm

    All sets were sold in less than 4 hours i am on waiting list after 5 hours of calling and punching computer… guess the dealers got all of them SOLD OUT!!!!

  7. Steve Kirby says:
    October 27, 2011 at 6:36 pm

    Jimmy, how do you know your on the waiting list, I ordered mine and when I go to the order it says on hold with a ship date of 11-11.

  8. Rob says:
    October 28, 2011 at 2:37 pm

    I tried to get them online for 4 1/2 hours. I was successful a few times getting them in the cart only to be kicked out on the next screen. I was not able to get through until 6:00 p.m. After that I realized it was not going to happen anyway. I will never see any after being on the wainting list that late. Everyone can thank all of the GREEDY DEALERS out there that probably will have plenty on hand. I am new to coin collecting and I just wanted a shot at one set. I got one of the 20th anniversary sets and wanted this one as well. I doubt I will pay the higher premium that we will see from here on.

  9. Eddie says:
    November 7, 2011 at 4:02 pm

    I was using both phone and internet .I finally got through on the website and ordered only 2 sets .I believe such a small mintage deserved a 2 set limit .NO DEALERS…..or their employees ,friends and family .That`s how they get these sets ……I want most Collectors to be able to get at least 1,,,,

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