Mint News Blog

News, Information, and Commentary on US Mint Products

Thursday, November 22, 2007

2007-W American Silver Eagle Sold Out


The 2007-W American Silver Eagle is now sold out at the Mint. These are the Uncirculated Silver Eagles sold by the US Mint, which have been branded as a collectible version of the bullion coin. This version of the coin is struck on specially burnished blanks and carries the "W" mint mark. The sell out happened on Tuesday night.

Many are already predicting that prices for the coin will rise going into year end. The latest mintage statistics indicate 558,810 coins were sold. This compares to last year's final mintage figure of 496,200.

It should be noted that the distribution of the coins was very different this year. Last year 270,000 of the silver eagles were included in 20th Anniversary Sets, meaning only 276,200 were sold individually. This year, all of the coins were sold individually. This suggests that more of the demand for the individual coins has already been satisfied by the Mint sales.

The 2006-W Silver Eagles are now selling on ebay for around $80-$90. The 2007-W Silver Eagles can still be purchased for around $30-$35 for uncertified coins.

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4 Comments:

At March 30, 2008 at 2:51 PM , Anonymous Anonymous said...

Sir, the 2007 W Eagles were also sold in sets known as the $1.00 Uncirculated Set. I do not know of just how many sets were sold of these sets.

Vector

 
At April 2, 2008 at 8:48 PM , Blogger Michael said...

Thanks for your comment. That is a good point, I might do a full post on this.

 
At October 23, 2008 at 8:50 AM , Anonymous Anonymous said...

Also, there were only 250,000 ASE sets, not 270...

 
At October 23, 2008 at 8:54 AM , Blogger Michael said...

The 270,000 comes from:

250,000 20th Anniversary Silver Eagle Sets (contained 2006-W Unc, 2006 Proof, 2006 Reverse Proof)

20,000 20th Anniversary Gold and Silver Eagle Sets (contained 2006-W Unc Silver, 2006-W Unc Gold)

 

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