Boy Scouts Silver Dollar Sales at 89%, Prices Increase Tomorrow
The latest US Mint sales report shows the 2010 Boy Scouts of America Centennial Silver Dollars at 89% of the maximum authorized mintage. However, with introductory pricing ending tomorrow, the pace of sales will likely slow, delaying the widely anticipated sell out.
Through April 18, 2010, the United States Mint has recorded sales of 211,333 proof coins and 101,320 uncirculated coins. This makes for a combined total of 312,653 coins, representing 89.32% of the maximum authorized mintage of 350,000.
In the latest week, the US Mint sold a combined 22,261 coins, which is down only slightly from the prior week's sales of 23,875. If the pace of sales remained at the current pace of around 20,000 per week, a projected sell out date would be only two weeks out. However, I think the pace of sales will likely decline from this level, pushing the anticipated sell out date further into the future.
Tomorrow, on April 21, 2010 at 5:00 PM ET, the introductory pricing period for the Boy Scouts Silver Dollars will come to an end. The price of the proof coin will be increased form $39.95 to $43.95 and the price of the uncirculated coin will be increased from $33.95 to $35.95. Because the introductory pricing period is well established, most buyers make their commemorative coin purchases within the first month of sales at the lower prices. After "regular pricing" goes into effect, the pace of sales usually falls to much lower levels.
After the introductory pricing ended for this year's American Veterans Disabled for Life Silver Dollars, the pace of sales dropped from around 12,000-14,000 coins per week to sales of 7,010 and 3,427 coins for the two weekly periods following the price increase.
If the general pattern holds for the Boy Scouts Silver Dollars, a sell out probably will not occur for another month or more.
View the full weekly US Mint sales report on Coin Update News.
Labels: Commemorative Coins