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.
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Labels: Commemorative Coins