Mint News Blog

News, Information, and Commentary on US Mint Products

Wednesday, June 16, 2010

2010 Proof Boy Scouts Silver Dollar Approaching Sell Out

The proof version of the 2010 Boy Scouts of American Centennial Silver Dollar is finally approaching the sales level necessary for a sell out. Based on the current pace of sales, the sell out should occur within a week.

The 2010 Boy Scouts Silver Dollar initially went on sale March 23, 2010. Because there are about four million of current youth members of the Boy Scouts of America and as many as 110 million past members, a complete sell out of the maximum authorized mintage of 350,000 coins was widely expected. The coin's design did draw some criticism from some who believed that the design should have focused on the history and continuity of the organization, rather than the highlighting the diversity of current programs.

Coins were available in uncirculated and proof versions, initially priced at $33.95 and $39.95, respectively. More than 200,000 coins were sold during the first week of availability, but in the following weeks, the pace of sales slowed. After four weeks, sales had reached 312,653. Around that time, introductory pricing period ended and prices were increased fro $35.95 and $43.95.

On April 23, the uncirculated version of the coin was put on waiting list status and officially announced as sold out on April 29. For the past month and a half, the proof version of the coin has remained available for sale.

This week, the US Mint released revised sales totals for the Boy Scouts Silver Dollars indicating total sales of 105,000 uncirculated and 243,800 proof coins for a combined total of 348,800. Recently, the proof coins have been selling about 1,600 to 1,800 coins per week, suggesting that a sell out (or waiting list status) will occur within a week's time.
Coin Update News: Fractional 2010 Gold Eagle Sales

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18 Comments:

At June 16, 2010 at 8:30 AM , Anonymous Anonymous said...

The uncirculated coin has been a secondary market loser, despite the sellout. It's taken the proof coin so long to sell out that no one really seems to care anymore.

This one is best left to those who want it for the organization it represents, as opposed to the profit-seekers.

 
At June 16, 2010 at 8:31 AM , Anonymous Anonymous said...

There's probably a lot of buyer's remorse for those 105,000 uncirculated coins!

 
At June 16, 2010 at 9:12 AM , Anonymous Anonymous said...

Michael,

I notice that the mintage numbers for the Tyler gold spouse coins were not updated... Do you think that the numbers shown will be final mintages, or will there be an update coming? Thanks.

TMM

 
At June 16, 2010 at 9:22 AM , Anonymous Anonymous said...

Yep, this scout coin would be great gift for a scout, scout function, or a collectable for a scouting family. Not really a collector coin per se unless you are a commem collector and need to add this one. Another poor obverse design loosed on collectors.

 
At June 16, 2010 at 9:27 AM , Blogger Michael said...

"I notice that the mintage numbers for the Tyler gold spouse coins were not updated... Do you think that the numbers shown will be final mintages, or will there be an update coming?"

Recently, the US Mint has not been providing final updated sales figures for products that sold out within the weekly sales reporting period. At some point, they should issue final audited sales numbers, but this can take months or years. For now, the included sales figures will remain the best available data.

 
At June 16, 2010 at 12:39 PM , Anonymous Anonymous said...

This is a good lesson to the mint on what happens when you raise prices like that, sales disappear.

 
At June 16, 2010 at 12:49 PM , Anonymous Anonymous said...

There is no lesson here for the mint. It is a gooberment agency. They are immune to lessons. Its not a business and there is no competitor. The spouse coins are mandated by law even if they only sell a hunderd. Every mint job and every pay raise is safe.

 
At June 16, 2010 at 1:31 PM , Anonymous Anonymous said...

"hunderd". I love it. Who's the goober?

I WISH there would be a First Spouse coin that only sold one hundRED of them. I would own two of them myself! I don't plan to bail out before the end of the program.

 
At June 16, 2010 at 2:17 PM , Anonymous JA said...

Whenever the sell out happens, I doubt it's going to have much of an effect on after-market prices.
I bought 10 of them at the introductory price and I think they may not appreciate in value during my lifetime. Yikes!

 
At June 16, 2010 at 6:47 PM , Anonymous Anonymous said...

I'm sorry to hear that, JA. I'm glad I steered clear of this coin.

It wasn't because I hated the design, though. I honestly did not care that it had a "female venturer" on it. Although, I agree with earlier opinions that the 1910 Scout reaching out to the 2010 Scout was the design that SHOULD have been selected. No, my decision not to buy was simply because I didn't want to own the coin in my permanent collection, and I did not have faith that it would make enough money on the secondary market after sellout to bother with. It looks like I made the right decision on this one.

 
At June 17, 2010 at 12:24 AM , Anonymous Anonymous said...

Even the Boy Scouts must think this one is a dud, it still hasn't sold out.

 
At June 17, 2010 at 8:46 AM , Anonymous Anonymous said...

I know it won't matter at this point, but it seems like the James K. Polk dollar coin rolls should be very close to the sellout point by now.

It seems that the John Tyler rolls are selling a little better these days in the $75-$85 range with shipping (for a set of two, I mean).

Maybe I'll try to unload my Tylers and Polks together once the Polk is officially declared "sold out."

WHY didn't I buy a few Harrisons during the brief period of "re-availability" before the permanent sellout? I could GIVE my Tylers and Polks away if I had and STILL be way ahead in the game! :(

 
At June 17, 2010 at 8:51 AM , Anonymous Anonymous said...

We might see Silver go to 40 dollars an Oz before this coin appreciates.

 
At June 17, 2010 at 2:29 PM , Anonymous Anonymous said...

Coin people live in their own world. Why would all past and current scouts necessarily even consider owning a coin with scouts on it? I doubt few scouts buy every piece of memorabilia related to the scouts.

Not to mention the coin itself is fugly, just like practically all of the recent mint offerings, including the spouse series.

 
At June 18, 2010 at 3:43 AM , Anonymous Anonymous said...

This would not be my favorite coin ... maybe if my grandson were in the scouts, maybe next year he'll start. I am tickled that my two grandaughters 15/12 have expressed an interest in coins - we've decided to purchase a coin of choice once a month and call ourselves a "coin club." We will meet once a month to conclude and discuss our decision. What a great way to communicate. Any good ideas for the next month? Know the date the Lincoln dollars will be out?? Enjoy all your commentaries. Grandma

 
At June 19, 2010 at 3:37 AM , Anonymous Anonymous said...

The 2010 Boy Scouts Silver Dollar has

SOLD OUT!

Check the prices on eBay. All of the rednecks, anti-diversity, and get-rich-quick visitors who seem to like to visit this blog have missed out on this beautiful coin.

 
At June 19, 2010 at 11:38 AM , Anonymous Anonymous said...

June 19, 2010 3:37 AM
I'm sure everyone that wanted one got it by now.

This "sellout" has been painfully slow after the initial hype blew over. Imagine if this had the mintage of past years (500,000), it would be unlikely that this would have sold out at all this year.

I have one of each finish for my collection, but I'm not expecting this one to do "great" things. It's a lack-luster design, just like the disabled Vet coin. I believe speculators drove the initial rush on these. For them the best they can hope for is an increase in silver price to cover the premium (and that would need to be pretty large).

 
At June 21, 2010 at 9:00 PM , Anonymous Anonymous said...

What's with all the self-hammering? They're much nicer by comparison.

Wait till you check these out:

http://www.ramint.gov.au/media/press-releases/2008/20080222.cfm

 

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