Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, December 5, 2008

Bald Eagle Commemorative Coins- One Week Left

Sales of the US Mint's 2008 Bald Eagle Commemorative Coins will officially end on December 12, 2008 at 5:00 PM ET. Sales of the 2008 American Legacy Collection, which includes a Bald Eagle Commemorative will end on the same date.

Coins offered under the Bald Eagle Commemorative Program include a $5 Gold, $1 Silver, and 50 cent clad coin. Sales began January 15, 2008. Since that date, two of the individual product ordering options have sold out: the 3 Coin Proof Set and the Young Collector's Set.

None of the individual coins have met their authorized production limits. The $5 Gold was limited to 100,000 coins, the $1 Silver to 500,000 coins, and the 50c Clad to 750,000 coins. When the program was first announced, I thought there was a good chance that some of the issues would reach their production limits. A combination of the volatile precious metals markets and the variety of other Mint offerings this year may have prevented this.

The most recent sales figures are shown below. The third column "Total" takes into account individual coins included in the set offerings.

Bald Eagle Commemorative Coin Sales

Unc Proof Total
$5 Gold 13,957 33,507 72,464
$1 Silver 89,532 243,372 360,179
50c Clad 95,962 175,883 294,602
3 Coin Pr Set N/A 25,000
Young Coll Set 22,757 N/A
Coin & Medal Set 27,275 N/A

One thing that bears watching is the 2008 American Legacy Collection. This collection is a specially packaged proof set that includes a $1 Silver Proof Bald Eagle coin. This collection went on sale October 27, 2008 and is limited to 50,000 sets.

I have not been able to track down any indication of how many of the sets have sold to date. In past yearsLast year, sales of the sets have been extremely low, causing them to quickly appreciate on the secondary market once sales end. It's possible that the same thing could happen this year.

If I find any sales stats for the 2008 American Legacy Collection, I will post them. But for now, it's an intriguing unknown.



At December 5, 2008 at 10:15 AM , Anonymous Anonymous said...

If I recall correctly, sales of American Legacy proof sets for 2005 and 2006 reached the maximum number, 50,000 sets each. The 2007 set was only available for a short time, and only about 28,000 sets were sold. The 2005 and 2006 sets are currently selling for well *under* the Mint's issue price. The 2007 set is currently higher than the Mint's issue price, and the price of this set has begun to rise further in recent weeks.

At December 5, 2008 at 10:24 AM , Blogger Michael said...

Thanks. I corrected the post to read "last year" instead of "in past years."


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