US Mint Sales: Slow Start for Latest Numismatic 5 Ounce Silver Coin

After some large increases in sales seen for several gold and silver products in last week’s report, sales for these products have returned to more typical levels in the latest period. Two recently released US Mint products make their debut in this week’s report.

The 2010-P Mount Hood National Forest Five Ounce Silver Uncirculated Coins went on sale at the US Mint on July 28, 2011. This was the fifth numismatic release for the oversized silver coins. Details of the offering remained the same with a maximum mintage of 27,000, price of $279.95 each, and ordering limit of one per household.

So far, sales of the Mount Hood Five Ounce Silver Coins have reached 14,759. Although this does account for more than 50% of the total mintage, the initial sales fall short of the previous four releases. The first design featuring Hot Springs National Park had sold approximately 25,000 units in the opening days. This was followed by the Yellowstone release, which opened at 24,626, and the Yosemite at 20,511. The fourth design featuring Grand Canyon opened with sales of 19,300. This is the only previously issued design which remains available for sale at the US Mint.

The second product to debut on this week’s report is the Gettysburg National Military Park 3-Coin Set. Opening sales measured 12,500 units, which is in line with the previous five releases for the product type.

The full US Mint numismatic product sales report appears below. The figures are compiled through August 1, 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. Newly released products are listed in bold. 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/

Product Sales Change
2011 AMERICAN EAGLE PLATINUM PROOF COIN 8,771 99
2011 AMERICAN EAGLE GOLD PROOF COINS
One ounce 24,961 380
One-half ounce 3,046 103
One-quarter ounce 4,767 117
One-tenth ounce 11,017 272
Four-coin set 8,890 248
2011 AMERICAN EAGLE GOLD UNCIRCULATED COIN
One ounce 3,894 116
2011 AMERICAN BUFFALO GOLD PROOF COIN 14,822 468
2011 AMERICAN EAGLE SILVER PROOF COIN 621,983 28,522
2011 ARMY COMMEMORATIVE COINS
$5 Gold Proof 15,910 56
$5 Gold Uncirculated 6,186 49
$1 Silver Proof 107,379 460
$1 Silver Uncirculated 40,751 121
50 Cent Clad Proof 61,615 279
50 Cent Clad Uncirculated 35,273 110
2011 MEDAL OF HONOR COMMEMORATIVE COINS
$5 Gold Proof 15,032 89
$5 Gold Uncirculated 6,184 72
$1 Silver Proof 95,337 551
$1 Silver Uncirculated 36,888 230
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) 6,570 27
Mary Todd Lincoln Uncirculated (2010) 3,760* 0
Eliza Johnson Proof (2011) 3,109 47
Eliza Johnson Uncirculated (2011) 2,072 51
Julia Grant Proof (2011) 3,077 227
Julia Grant Uncirculated (2011) 2,004 123
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 23,728 943
2010-P Mount Hood National Park 14,759 14,759
SEPTEMBER 11 NATIONAL MEDALS
2011-W 59,398 8,109
2011-P 35,654 5,301
2011 PROOF SETS
2011 U.S. Mint Proof Set 792,609 6,822
2011 Presidential $1 Coin Proof Set 225,388 1,537
2011 America the Beautiful Quarters Proof Set 102,410 1,027
2011 SILVER PROOF SETS
2011 U.S. Mint Silver Proof Set 439,054 3,360
2011 America the Beautiful Quarters Silver Proof Set 105,413 1,252
2011 UNCIRCULATED MINT SETS
2011 U.S. Mint Uncirculated Set 409,269 2,410
2011 Presidential $1 Coin Unc Set 35,762 560
2011 America the Beautiful Quarters 20,421 382
2010 PROOF SETS
2010 U.S. Mint Proof Set 1,088,888 536
2010 Presidential $1 Coin Proof Set 527,785 224
2010 America the Beautiful Quarters Proof Set 269,004 275
2010 SILVER PROOF SETS
2010 U.S. Mint Silver Proof Set 570,416 682
2010 America the Beautiful Quarters Silver Proof Set 260,061 785
2010 UNCIRCULATED MINT SETS
2010 U.S. Mint Uncirculated Set 575,178 332
2010 Presidential $1 Coin Unc Set 97,707 96
2010 America the Beautiful Quarters 30,104 161
2010 CIRCULATING COIN SETS
2010 America the Beautiful Quarters 20,171 147
2011 NATIVE AMERICAN $1 COIN ROLLS
25-Coin Roll (P) 17,514 180
25-Coin Roll (D) 17,484 170
2011 ULYSSES S. GRANT $1 COIN ROLLS
25-coin roll (P) 26,633 204
25-coin roll (D) 25,967 195
2011 ANDREW JOHNSON $1 COIN ROLLS
25-coin roll (P) 30,092 76
25-coin roll (D) 28,874 66
2010 ABRAHAM LINCOLN $1 COIN ROLLS
25-coin roll (P) 48,832* 0
25-coin roll (D) 48,748 -648
2010 JAMES BUCHANAN $1 COIN ROLLS
25-coin roll (P) 34,210 19
25-coin roll (D) 33,572 14
2009 ZACHARY TAYLOR $1 COIN ROLLS
25-coin roll (P) 40,311 16
25-coin roll (D) 38,408 13
2009 JAMES K. POLK $1 COIN ROLLS
25-coin roll (P) 42,787 12
25-coin roll (D) 41,033 11
2011 KENNEDY HALF DOLLAR BAGS & ROLLS
200-Coin Bag 5,994 102
Two-roll set 19,975 162
2011 OLYMPIC QUARTER BAGS & ROLLS
100-coin bag (P) 3,105 47
100-coin bag (D) 3,033 44
Two-Roll Set (80 coin) (P&D) 22,419 350
2011 GLACIER QUARTER BAGS & ROLLS
100-coin bag (P) 3,491 13
100-coin bag (D) 3,643 14
Two-Roll Set (80 coin) (P&D) 25,357 98
2011 GETTYSBURG QUARTER BAGS & ROLLS
100-coin bag (P) 4,535 13
100-coin bag (D) 4,393 8
Two-Roll Set (80 coin) (P&D) 30,758 86
2010 MOUNT HOOD QUARTER BAGS & ROLLS
100-coin bag (P) 6,046 11
100-coin bag (D) 5,809 11
Two-Roll Set (80 coin) (P&D) 32,896 38
2010 GRAND CANYON QUARTER BAGS & ROLLS
100-coin bag (P) 6,642 9
100-coin bag (D) 6,982 9
Two-Roll Set (80 coin) (P&D) 34,693 39
2010 YOSEMITE QUARTER BAGS & ROLLS
100-coin bag (P) 7,178* 0
100-coin bag (D) 7,231* 0
Two-Roll Set (80 coin) (P&D) 37,202* 0
2010 LINCOLN TWO-ROLL SETS
Preservation of the Union 177,319 146
PRESIDENTIAL DOLLAR COIN COVERS
William Henry Harrison 29,573 11
John Tyler 26,345 10
James K. Polk 24,561 10
Zachary Taylor 23,533 12
Millard Fillmore 22,414 15
Franklin Pierce 20,791 15
James Buchanan 19,414 22
Abraham Lincoln 30,992 100
Andrew Johnson 16,860 65
Ulysses S. Grant 16,741 218
PRES $1 COIN & FIRST SPOUSE MEDAL SETS
Abigail Fillmore 9,603 15
Jane Pierce 7,473 17
James Buchanan’s Liberty 7,076 25
Mary Todd Lincoln 12,918 57
Eliza Johnson 4,468 106
Julia Grant 3,344 552
AMERICA THE BEAUTIFUL QUARTER 3 COIN SETS
Hot Springs National Park 18,959 102
Yellowstone National Park 19,083 109
Yosemite National Park 16,705 110
Grand Canyon National Park 16,152 153
Mount Hood National Forest 13,784 175
Gettysburg National Military Park 12,500 12,500



Comments

  1. CaptainOverkill says

    Unsurprising results. I’ve been speculating for some time that since Mt. Hood is the least attractive of the 2010 designs, the least well-known of the 2010 national parks, and also late into the series with collector budgets badly tapped out, that sales would suffer a significant drop. The only thing that caught me off guard is how steep the decline was – I did not expect the initial sales number to fall below 15,000. Combine this with the incredibly low sales of the Chickasaw bullion (which is a shame as it’s my favorite 2011 AtB) http://www.numismaticnews.net/article/chickasaw-sales-start-slow , and you have a major problem for this series.

    Frankly were I in the Mint’s position, I’d cancel the AtB-Ps and just focus on production of the bullion at this point. A lot of the buyers of the P series would probably migrate over to the bullion and give that portion of the AtB program some buying support. Unfortunately, given their recent purchase of new water vapor blasting equipment for the AtBs, it looks like there will probably be at least a 2011-P series and maybe even beyond. Though there may still be hope, since the 2011-Ps are still TBA on the Mint’s catalog.

  2. Brad says

    It’s time to remove the “one per household” ordering limit on the ATB P coins, at least on the Grand Canyon version. I’m pretty sure that everyone who wants one has had ample time to buy it themselves. I thought the Mint would have done that by now, but it appears I was wrong.

    Maybe the only reason the limit was removed for Yosemite was due to the whole “erroneous” posting of the wait-list notice fiasco. The Mint might not have had confidence that all of the coins would sell after that, so it was freed up for the “double-dippers.” It’s starting to look like the limit might last for the remainder of the Grand Canyon sales period, however. I don’t get it.

  3. CaptainOverkill says

    Mint seems to have just put up a release date of September 29th for the uncirculated silver eagle. Haven’t seen any news items about it yet.

  4. SilverSurfer says

    gold up over $1650 today. Any chance of another price increase this week or would it be next week at the earliest?

  5. Brad says

    The price increase would be next week at the earliest. The price fixes this past week were low enough to hold the average down to the current pricing tier.

    If the fixes starting on Thursday are still above $1,650 high enough and long enough to trigger another increase, the First Spouse proof coins will cost $1,004. Ouch! That’s a far cry from the $429.95 they cost just 4 short years ago when the program first started!

  6. SilverSurfer says

    The AGE unc coins had much lower sales this past week and I am guessing sales might be about 6500 by the end of the year and maybe another 2000-2500 more sold next year if they remain on sale for about a year but sales are so erratic from week to week and how long they will remain on sale is also uncertain. So I still think there might be a chance the 2011 unc AGE will have a lower sales figure than the 2008 1/4 oz @ 8.800 but if these erratic sales figures from week to week continue and this coin does remain on sale for about a full year sales could be well over 10,000.

    And there is still no information on any 25th anniversary eagles this year so it appears less likely the mint will be offering any so I suppose this might at least help keep sales figures low for the unc AGE’s. I do wish they would at least change the reverse design on the AGE’s (but keep the obverse the same) – seems like this year would have been a good year for it. But at least one side has an appealing classic design so maybe I shouldn’t complain – and change isn’t always for the better anyway.

  7. SDP says

    Anyone extrapolate out the proof buffalo? It would be the second lowest mintage after 2008. I can’t stomach dropping all that money for both the AGE and buffalo.

  8. SilverSurfer says

    I would like to get a proof buffalo if gold prices come down a little and I can get the money together.Esp. since like you said the mintage figures should be relatively low this year. So far my only gold purchase this year is a 2011 unc AGE. If sales of the proof buffaloes continue at about 2000 a month at the end of the year that would be a total of about 25.000. – about half the sales of 2009 & 2010 but a little more than 2008. But total figures will also will depend how long they remain on sale. I’m guessing they will sell out before the AGE’s. This would be my first gold buffalo and I’m very tempted this year to buy one if I can.

  9. Brad says

    It looks like the Mint’s initial production run of 2011 W Unc AGE was only 4,000 coins. It’s on backorder status now (but shows it will be available for shipping yesterday, go figure).

    Sometimes the second production run seems like it’s only half as many as the first. That would put it around 6,000. Even if another 4,000 are minted, a mintage of 8,000 would still make it the lowest-mintage AGE ever, for any size.

    If the high gold spot prices of the past couple days hold for very long, next week the coin will cost $1,928. I’m glad I bought mine for $1,778!

  10. SilverSurfer says

    Brad,

    I just checked the mint website and I don’t see a back order notice. Maybe it has changed since this morning. But that is interesting info. It’s only been on sale less than 3 months. I wonder if the same thing might happen to the proof buffaloes soon. I wish I was able to buy a proof buffalo a couple of weeks ago when prices were lower. I have only been able to get one gold coin so far this year and I bought an unc AGE. Just a few weeks ago I was hoping for a price decrease when gold was briefly below $1500. Now there have been 2 price increases and probably a third next week with gold over $1650. It’s getting more and more expensive to buy almost every week now.

  11. SilverSurfer says

    I just noticed the 1oz proof AGE is back ordered for 9-16-11. These coins should still be about 5,000 away from their single coin production limit.

  12. Brad says

    Yeah, the backorder notice was removed not too long after I posted that comment. I had first noticed it last night. Maybe it was an error, since it stated the coin would be available for shipping on 8/2, which was the same day the notice appeared. Still, it got me to thinking that the first batch might be just about gone. Time will tell, I guess.

  13. Unhappy Grandma says

    Of the 2010 ATB’s the only attractive coin was the Yellowstone Park coin. I look forward to the 2011 coins—they seem to have a bit more character. It is tiring to just look at ROCK, some water and trees. I like those that show animals, boats, flowers if there are any—-the Gettysburgs Minuteman. My grandson and I look the coins over together—–he is three and this will be his collection.

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