Mint News Blog

News, Information, and Commentary on US Mint Products

Monday, April 26, 2010

2010 Boy Scouts Uncirculated Silver Dollars on Waiting List Status


On Friday evening, the uncirculated version of the 2010 Boy Scouts of American Centennial Silver Dollar entered waiting list status. This means that the number of orders received by the US Mint has met the maximum limit, but orders can still be placed on a "first-come, first-serve" basis for any coins available due to order cancellation.

It is a little surprising to see one version of the coin already on waiting list status. At the last available US Mint sales report, total sales for the Boy Scouts coins had reached a combined 312,653 across the proof and uncirculated versions. This meant that there were still 37,347 coins available before the maximum authorized mintage of 350,000 would be met. In the last week of data, the US Mint had sold about 22,000 coins, suggesting at least two more weeks of sales remained.

I think there are two possible explanations for the waiting list status on the uncirculated version. First, one or more bulk bulk buyers could have ordered large quantities of the coins. The orders may have been placed early last week before the price increase took place. There is an order limit of 100 units per version per household, but even a single buyer could coordinate a large purchase with some help.

If the waiting list status was caused by a large influx of orders, then the proof version might be close to entering waiting list status too, provided that the orders were placed across both versions of the coin.

Alternately, the US Mint may have miscalculated the split in production between the different versions of the coin. The maximum authorized mintage of 350,000 coins covers both proof and uncirculated versions. The split in production is generally determined based upon demand. As a practical matter, I think the US Mint most likely takes a look at the proportion of orders before the last production run and then produces coins accordingly. If the proportion shifts after this point, then one version could sell out faster than the other.

Tomorrow when the latest US Mint sales report is available, we should have a better picture of whether the Boy Scouts Silver Dollars are close to the overall 350,000 maximum, or if the uncirculated version was under produced.
Coin Update News: 2010 American Platinum Eagle Designs

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18 Comments:

At April 26, 2010 at 2:08 PM , Anonymous Anonymous said...

Well well well, the BSA silver dollars have indeed sold out. I wonder what the news of the sell out will have on the secondary market. Many have already proclaimed the death of any long term appreciating behavior of the BSA despite apparent keen interest.

I, for one, believe it will hold its value and then a bit more, though not an excessive amount.

JA

 
At April 26, 2010 at 2:11 PM , Anonymous Anonymous said...

Bowtie,

Guess who will have the last laugh when naysayers said that this coin would not sell out...

HA! HA!

 
At April 26, 2010 at 2:55 PM , Blogger Hidalgo said...

Michael,

If you recall, the uncirculated version of the Abraham Lincoln commemorative silver dollar sold out before the proof version.

Anticipating the same outcome, I ordered two of the uncirculated version of the Boy Scout coin.

Initially, the uncirculated version sold for higher prices than the proof version of the Lincoln coin.... Not sure which is commanding the higher prices now that both versions of the Lincoln coin have sold out....

 
At April 26, 2010 at 3:27 PM , Anonymous Anonymous said...

Another reason why the increase would be that people were waiting for the new two roll penny sets went on sale to combine shipping.

 
At April 26, 2010 at 6:04 PM , Anonymous Anonymous said...

I waited to get a proof when the 2010 pennies went on sale. Like the prior post said. My order was for 4 items to save on shipping.

 
At April 26, 2010 at 7:55 PM , Anonymous Anonymous said...

Yeah, you gotta love how the shipping charge stays the same regardless of how many items you order at once. It stinks for those who only want to buy one item, though!

 
At April 26, 2010 at 8:32 PM , Anonymous Anonymous said...

Hooray, the Boys Scout/ Girl Scout 100 year (attention to a late 1990s, somewhat obscure co-ed program) PC Commemorative coin sold out!

 
At April 26, 2010 at 11:11 PM , Anonymous Anonymous said...

Still pretty low on Ebay. Maybe when the proofs and uncs are sold out and the waiting list is gone we will see it pop up a bit.

 
At April 27, 2010 at 8:54 AM , Anonymous Anonymous said...

Yeah, some that are selling them now on EBay are kind of taking a bath. I saw one MS69 that went for around $32 with free shipping. Ouch!
I do think that the uncs. are generally a good way to go as the lower circulation many times tends to outweigh the lower quality in the long haul. I ordered three BSA's and one had some chatter in the flat areas around the word JOURNEY, the other two were pretty clean and all were free of the base silver speckle show-through that has driven me up the wall on the dear departed Burnished ASE's of recent years.

Jim L.

 
At April 27, 2010 at 10:11 AM , Anonymous Anonymous said...

If there is any artistic or historical justice this politically correct insult will simply wither and die in the great tasteles flip market garden.

 
At April 27, 2010 at 5:17 PM , Anonymous Anonymous said...

I actually find some humor in having a girl on the boy scout coin. I ordered three. Speaking of last laughs, you all know the scout in back is gay, right?

 
At April 28, 2010 at 7:35 AM , Anonymous Anonymous said...

RE: Jim L. at 8:54 a.m., "Yeah, some that are selling them now on EBay are kind of taking a bath. I saw one MS69 that went for around $32 with free shipping. Ouch!"

Thanks for the tip. As a result of your comment, I went to eBay instead of the Mint's ordering site for the other commemmorative currently available. I picked up one of each type (Proof and Uncirculated) of the Disabled Veterans Coin for a net cost of $68.39 (with free shipping). This compares to current prices at Mint of $43.95 and $35.95, total of $79.90 plus 4.95 for shipping equals $84.85. Even at original prices of $39.95 and $33.95 (total $73.90 plux $4.95 shipping equals $78.85), there was still a savings on eBay. I saved over $10 by buying on after market rather than from Mint. Thanks to Jim L.

LL

 
At April 28, 2010 at 7:59 AM , Anonymous Anonymous said...

you just have to watch what you buy on ebay. Unless its graded, or sealed from the mint, you have to assume that the coin you are buying has been through the cherry picking process and is probably not in perfect condition. For that matter, the coins that you buy at the mint just before a sellout are probably returns that have been cherry picked as well. Just a warning.

 
At April 28, 2010 at 8:34 AM , Anonymous Anonymous said...

RE: Comment at 7:59 a.m. "you just have to watch what you buy on ebay. Unless its graded, or sealed from the mint,"

Good point and good warning. As a follow-up to my earlier comment, the coins I purchased were both in PCGS coin holders with grades of PR69 DCAM and MS69. Not the very highest but certainly what you might reasonably expect to get from the Mint if buying directly.

I agree with the warning given by Anonymous at 7:59 a.m. and make sure what I buy on eBay is graded or sealed from the Mint. With those protections, you can still make a pretty good deal on eBay from time to time.

LL

 
At April 28, 2010 at 9:08 AM , Anonymous Anonymous said...

Like I always say: EBay, more bumps for less!

Jim L.

 
At April 28, 2010 at 9:26 AM , Anonymous New Coin Collector said...

I ordered one each of the proof and uncirculated... they arrived in the mail yesterday. Am sending the uncirculated to my nephew as a birthday gift. Will keep the proof for myself... looks nicer in person than the pictures. Not a fan of the design, but since my nephew's a scout, and I used to be (ages ago), thought I may as well get them. Was hoping for look and quality similar to the uncirc. burnished silver eagles, but the design looked very flat on the uncirc. compared with the proof. I still like the matte finish look of the uncirculateds, but just not on this one.

 
At April 29, 2010 at 4:56 PM , Anonymous Anonymous said...

uncs are gone!!


https://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=4000

 
At April 29, 2010 at 7:15 PM , Anonymous Anonymous said...

Yes, the uncs have moved from the "waiting list" to "sold out" status.

 

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