Proof silver Eagle demand strong
When it comes to proof silver American Eagles, collector interest in them seems to be as high as ever. The 2011 coins went on sale June 30. By the July 5 sales report, the Mint had tallied orders for 367,623 pieces. That number seems to put the issue well on track to equal or better the 860,000 proof silver Eagles sold in 2010. Last year’s coin went on sale Nov. 19 and was sold out by New Year’s.
When it comes to proof silver American Eagles, collector interest in them seems to be as high as ever.
The 2011 coins went on sale June 30. By the July 5 sales report, the Mint had tallied orders for 367,623 pieces.
That number seems to put the issue well on track to equal or better the 860,000 proof silver Eagles sold in 2010. Last year’s coin went on sale Nov. 19 and was sold out by New Year’s.
Perhaps dampening demand a bit, the price of the 2011 coin is 30 percent higher than last year’s issue, which at $59.95 is up $14 from $45.95.
Silver bullion had a near record-setting run to almost $50 a troy ounce in late April before falling back to the mid $30s per ounce in time for it to make the sales price of the proof silver Eagle more affordable for collectors.
The Mint assesses a $4.95 handling charge on each order. Visit www.usmint.gov to place orders, or telephone (800) USA-MINT.
The proof silver Eagle is produced at West Point and features a “W” mintmark on the reverse.
An uncirculated 2011-W version might be sold directly to collectors by the U.S. Mint later this year. The Mint has not made a determination.
Production of uncirculated collector versions of the American Eagle silver coin was suspended along with the proof in 2009, but whereas the proof returned in 2010, the uncirculated collector coin has yet to make a comeback.
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