Earlier today October 27, 2011 at 12:00 Noon ET, the United States Mint began sales of the hotly anticipated 25th Anniversary Silver Eagle Set. In approximately 4.5 hours, the Mint has apparently received customer orders for the entire maximum production limit. Orders are still being accepted for placement on a waiting list.
Each 25th Anniversary Silver Eagle Set includes the following coins:
- 2011-W Proof American Silver Eagle
- 2011-W Uncirculated American Silver Eagle
- 2011-S Uncirculated American Silver Eagle
- 2011-P Reverse Proof American Silver Eagle
- 2011 American Silver Eagle bullion coin
The five coins are packaged in a highly polished, lacquered hardwood presentation case and accompanied by a certificate of authenticity. The 2011-S Uncirculated Silver Eagle and 2011-P Reverse Proof Silver Eagle have not been offered in any other products. The 2011-W Proof and Uncirculated Silver Eagles and bullion coin were available previously and can still be purchased individually.
The special set created to celebrate the 25th anniversary of the American Eagle coin program was announced on August 19, 2011 at the ANA World’s Fair of Money near Chicago. Collector excitement about the offering grew as additional details of the were released during the following weeks.
A maximum product limit of 100,000 of the sets was established, with an ordering limit of five sets per household imposed. Each 25th Anniversary Silver Eagle Set was priced at $299.95.
Collectors reported difficulties placing orders by phone and website once sales officially began earlier today at 12:00 Noon ET. These issues continued for the entire duration of the offering. Around 4:30 PM ET, a waiting list notice was posted on the US Mint’s online product page indicating that orders had been received to meet the maximum limit for the product.
At this time, orders are still being accepted for placement on a waiting list. These orders will be fulfilled on a first in, first out basis in the event that sets become available due to an order cancellation. These cancellations can potentially occur by customer request or if the US Mint cancels orders placed in excess of the household limit.
This represents the fastest sell out for a US Mint numismatic product in several years. In 2009, the Mint offered the Lincoln Coin & Chronicles Set, which was limited to 50,000 units and carried an ordering limit of one per household. These sets sold out within 30 hours of availability.
The most recent one-day sell outs occurred in 2007 for the initial releases of the First Spouse Gold Coin series. These were limited to 40,000 across proof and uncirculated versions. Collectors were able to order a maximum of five of each version.