In the previous report, many collectors seemed to focus on numismatic products with gold content in advance of an anticipated price increase. This week, buyers shifted their focus to certain silver products as the market price of silver exceeded the $40 mark.
The 2011 Proof Silver Eagle recorded sales of 133,420 units, the highest weekly figure in three weeks. The increased number of coins ordered may have been driven by both the higher market price of silver and the recent removal of the household ordering limit. The Proof Silver Eagles were priced by the US Mint based on a market price of silver of $37.50 per ounce, compared to the current price of nearly $41 per ounce. An initial ordering limit of 100 units per household was initially in place, before the limit was removed on July 15. Total sales of the 2011 Proof Silver Eagle have now reached 593,461.
The September 11 National Silver Medals saw a large increase in sales. Across the “W” and “P” mint marked versions, the total number of units sold for the week was 16,488. This compares to only 2,929 units sold in the previous period. The one ounce silver medals are priced at $56.95 each, which includes a surcharge of $10 per medal payable to the beneficiary organization.
Another stand out in the latest sales report is the one ounce 2011 Proof Gold Eagle, which added 4,511 units. This brings the sales total to 24,581 out of the maximum product limit of 30,000.
The full US Mint numismatic product sales report appears below. The figures are compiled through July 24, 2011. The first number column represents total sales through the reporting date, and the second number column represents the change in sales since the last report. Products with sales followed by an asterisk (*) are no longer available from the United States Mint. Currently available US Mint products can be found online at http://catalog.usmint.gov/
|2011 AMERICAN EAGLE PLATINUM PROOF COIN||8,672||130|
|2011 AMERICAN EAGLE GOLD PROOF COINS|
|2011 AMERICAN EAGLE GOLD UNCIRCULATED COIN|
|2011 AMERICAN BUFFALO GOLD PROOF COIN||14,354||687|
|2011 AMERICAN EAGLE SILVER PROOF COIN||593,461||133,420|
|2011 ARMY COMMEMORATIVE COINS|
|$5 Gold Proof||15,854||59|
|$5 Gold Uncirculated||6,137||67|
|$1 Silver Proof||106,919||390|
|$1 Silver Uncirculated||40,630||125|
|50 Cent Clad Proof||61,336||263|
|50 Cent Clad Uncirculated||35,163||81|
|2011 MEDAL OF HONOR COMMEMORATIVE COINS|
|$5 Gold Proof||14,943||107|
|$5 Gold Uncirculated||6,112||112|
|$1 Silver Proof||94,786||626|
|$1 Silver Uncirculated||36,658||151|
|FIRST SPOUSE GOLD COINS|
|Abigail Fillmore Proof (2010)||6,140*||0|
|Abigail Fillmore Uncirculated (2010)||3,489*||0|
|Jane Pierce Proof (2010)||4,843*||0|
|Jane Pierce Uncirculated (2010)||3,333*||0|
|Buchanan’s Liberty Proof (2010)||7,304*||0|
|Buchanan’s Liberty Uncirculated (2010)||5,348*||0|
|Mary Todd Lincoln Proof (2010)||6,543||26|
|Mary Todd Lincoln Uncirculated (2010)||3,760*||0|
|Eliza Johnson Proof (2011)||3,062||67|
|Eliza Johnson Uncirculated (2011)||2,021||74|
|Julia Grant Proof (2011)||2,850||217|
|Julia Grant Uncirculated (2011)||1,881||150|
|AMERICA THE BEAUTIFUL 5 OZ UNC COINS|
|2010-P Hot Springs National Park||27,000*||0|
|2010-P Yellowstone National Park||27,000*||0|
|2010-P Yosemite National Park||27,000*||0|
|2010-P Grand Canyon National Park||22,785||759|
|SEPTEMBER 11 NATIONAL MEDALS|
|2011 PROOF SETS|
|2011 U.S. Mint Proof Set||785,787||5,738|
|2011 Presidential $1 Coin Proof Set||223,851||1,268|
|2011 America the Beautiful Quarters Proof Set||101,383||1,053|
|2011 SILVER PROOF SETS|
|2011 U.S. Mint Silver Proof Set||435,694||3,038|
|2011 America the Beautiful Quarters Silver Proof Set||104,161||1,045|
|2011 UNCIRCULATED MINT SETS|
|2011 U.S. Mint Uncirculated Set||406,859||2,602|
|2011 Presidential $1 Coin Unc Set||35,202||633|
|2011 America the Beautiful Quarters||20,039||252|
|2010 PROOF SETS|
|2010 U.S. Mint Proof Set||1,088,352||405|
|2010 Presidential $1 Coin Proof Set||527,561||124|
|2010 America the Beautiful Quarters Proof Set||268,729||131|
|2010 SILVER PROOF SETS|
|2010 U.S. Mint Silver Proof Set||569,734||528|
|2010 America the Beautiful Quarters Silver Proof Set||259,276||1,234|
|2010 UNCIRCULATED MINT SETS|
|2010 U.S. Mint Uncirculated Set||574,846||234|
|2010 Presidential $1 Coin Unc Set||97,611||268|
|2010 America the Beautiful Quarters||29,943||100|
|2010 CIRCULATING COIN SETS|
|2010 America the Beautiful Quarters||20,024||108|
|2011 NATIVE AMERICAN $1 COIN ROLLS|
|25-Coin Roll (P)||17,334||184|
|25-Coin Roll (D)||17,314||165|
|2011 ULYSSES S. GRANT $1 COIN ROLLS|
|25-coin roll (P)||26,429||234|
|25-coin roll (D)||25,772||234|
|2011 ANDREW JOHNSON $1 COIN ROLLS|
|25-coin roll (P)||30,016||83|
|25-coin roll (D)||28,808||58|
|2010 ABRAHAM LINCOLN $1 COIN ROLLS|
|25-coin roll (P)||48,832*||0|
|25-coin roll (D)||49,396||247|
|2010 JAMES BUCHANAN $1 COIN ROLLS|
|25-coin roll (P)||34,191||-34|
|25-coin roll (D)||33,558||-21|
|2009 ZACHARY TAYLOR $1 COIN ROLLS|
|25-coin roll (P)||40,295||-30|
|25-coin roll (D)||38,395||-76|
|2009 JAMES K. POLK $1 COIN ROLLS|
|25-coin roll (P)||42,775||19|
|25-coin roll (D)||41,022||19|
|2011 KENNEDY HALF DOLLAR BAGS & ROLLS|
|2011 OLYMPIC QUARTER BAGS & ROLLS|
|100-coin bag (P)||3,058||51|
|100-coin bag (D)||2,989||48|
|Two-Roll Set (80 coin) (P&D)||22,069||318|
|2011 GLACIER QUARTER BAGS & ROLLS|
|100-coin bag (P)||3,478||22|
|100-coin bag (D)||3,629||24|
|Two-Roll Set (80 coin) (P&D)||25,259||129|
|2011 GETTYSBURG QUARTER BAGS & ROLLS|
|100-coin bag (P)||4,522||16|
|100-coin bag (D)||4,385||34|
|Two-Roll Set (80 coin) (P&D)||30,672||68|
|2010 MOUNT HOOD QUARTER BAGS & ROLLS|
|100-coin bag (P)||6,035||8|
|100-coin bag (D)||5,798||5|
|Two-Roll Set (80 coin) (P&D)||32,858||21|
|2010 GRAND CANYON QUARTER BAGS & ROLLS|
|100-coin bag (P)||6,633||11|
|100-coin bag (D)||6,973||11|
|Two-Roll Set (80 coin) (P&D)||34,654||31|
|2010 YOSEMITE QUARTER BAGS & ROLLS|
|100-coin bag (P)||7,178||7|
|100-coin bag (D)||7,231||12|
|Two-Roll Set (80 coin) (P&D)||37,202||28|
|2010 LINCOLN TWO-ROLL SETS|
|Preservation of the Union||177,173||121|
|PRESIDENTIAL DOLLAR COIN COVERS|
|William Henry Harrison||29,562||4|
|James K. Polk||24,551||7|
|Ulysses S. Grant||16,523||190|
|PRES $1 COIN & FIRST SPOUSE MEDAL SETS|
|James Buchanan’s Liberty||7,051||13|
|Mary Todd Lincoln||12,861||44|
|AMERICA THE BEAUTIFUL QUARTER 3 COIN SETS|
|Hot Springs National Park||18,857||34|
|Yellowstone National Park||18,974||45|
|Yosemite National Park||16,595||40|
|Grand Canyon National Park||15,999||58|
|Mount Hood National Forest||13,609||50|
Do you think the Mint will remove the household ordering limit for the Grand Canyon 5 oz. silver coins? I was kind of wanting to take a stab at trying for one of the versions missing the “vapor-blasted” finish, but I’ve already ordered my household limit of one coin, and I don’t really want to use the “friends and family” plan! 🙂
Coin Update Staff says
It took four weeks for them to remove the limit for the Yosemite 5 oz.
Later this week, Grand Canyon will reach the four week mark, so I think there is a good chance that the limit could be removed. I would keep a close eye on the product page on Thursday and Friday to see if there is any change.
Great info “M” as usual. Appreciate it Sir !!!!!!!!
I agree! Thank you M! and for still keeping up with mintnewsblog! hit it every day waiting for the next installment.
As usual, love your Mint Sales Reports! So…we’re almost into August with really pitiful Silver Proof set sales numbers (both 2010 and 2011). Both products are reported to go off sale on 31Dec2011.
What happens (in your estimation) if sales trends continue and both products sell fewer than 600,000? Will the Mint reverse themselves and continue selling these products into 2012 or will these be the new “Key” dates for the silver Kennedy Half and Roosevelt Dime? (inquiring minds & all that).
I find it unlikely that even if silver eagle sales come in below 600,000, that the 2011 will be worth a lot. The 1994 was the lowest at 372,168 (unless you count the genuinely rare 1995-W at 30K), and that only carries a relatively small premium. Furthermore, I think the speedy pace of sales will probably continue for awhile. Right now the debt ceiling crisis and the rapid pace of increases of metal prices are spurring panic buying. The panic is such that I expect before long Julia Grant will outnumber Eliza Johnson and MoH will outnumber the army commemoratives simply due to a combination of panic buying and Michael’s well-timed recommendation.
I’ve noticed that the pace of sales of Grant $1 coin products is also still relatively strong. I continue to think the $1/Mint uncirculated and proof sets might be good investments as they might be the only source of Garfield coins (and possibly Hayes as well) should the Mint cancel the $1 coin program early.
Man, ending the First Spouse program early would be such a slap in the face to those of us who have faithfully purchased each issue so far! I’m looking forward to the later years of the program with the 20th century spouses, especially Jackie Kennedy. Betty Ford should be added to the schedule shortly as well, now that she has passed on. I really hope both the Presidential Dollar and First Spouse programs are allowed to run their full courses!
Folks found this link for Olympics medals in case any one has interest:
I’m surprised by the 2011 AMERICAN EAGLE GOLD UNCIRCULATED COIN’s high sales figures. Almost twice as many sold as the week before – and I thought last weeks sales figures were high. Maybe the 2011 AMERICAN EAGLE GOLD UNCIRCULATED COIN won’t have as low a sales figure as I had hoped – not if sales continue at such a high rate.
I bought 3 of the 2011 W Unc Gold Eagles myself this past week. Along with other people, I ordered in time to beat the price increase, ordering mine at the $1,778 level.
I still think the coin will come in with a lower mintage than the current lowest-mintage 1 oz. Gold Eagle coin: The 2006 Reverse Proof. Even if the Mint makes another batch, I don’t see a total sales of 10,000 or more for the 2011 W Unc. And, if the Mint just decides to cut sales off after the initial batch is sold, the mintage could be quite a bit lower.
In just the short time since I ordered the coins, the price per coin is now $100 higher. Because of that, sales should slow back down considerably.
Tony The Coinman says
As did Brad, I bought my 2011 W Unc Gold Eagle a little over a week ago at the $1778 price. As Brad stated, the price per coin now is $1878, one hundred dollars higher. If things continue along the line they are going, we could see another $50 increase before long.
I am wondering, was $1778 the lowest price these were available for or was there a lower price earlier? Does anyone recall what the lowest price for the 2011 W Unc American Gold Eagle may have been? Thanks for any information on this.
As I recall, the 2011 W Unc GE debuted on May 5 at $1,778, then shortly after was available for one week at the $1,728 level (when gold briefly dropped enough to force a decrease, only to go back up the very next week). The one-week reprieve was when I bought my Eliza Johnson coins. At that time, I was still on the fence about the 2011 W Gold Eagle.
I’m pretty sure that’s the way it went down.
Tony The Coinman says
Thanks for the update, Brad. That sounds right to me now that you refreshed my memory.
I would have to say that you came down on the right side of the fence. In the long run, I think you will be happy with this purchase. So far, I know I’m happy I bought mine when I did. 🙂
I was thinking that higher gold prices might lower sales for gold coins like the 2011 unc AGE but higher prices might just continue to increase sales. I thought that if sales were around 500 or less a month in the months ahead the 2011 unc AGE might have a lower total sales figure than the 2008 unc AGE 1/4 oz but now I’m thinking that doesn’t seem very likely with the rather significant increases in weekly sales figures over the past two weeks. I suppose only time and collector demand will tell. I think supply will be a less likely issue but I suppose it’s possible.
Mount Hood ATB P coin available for sale @ noon today (7-28). I’ll probably place my order later tonight. So far I have had good luck and received all nice problem-free ATB P coins so I hope my luck continues so I can have a complete set of nice looking 2010 ATB P coins to go with my 2010 MS 68 PL/DMPL set I got from APMEX. And hopefully we’ll be getting some info on the 2011 P coins soon.