Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, June 29, 2010

Still No 2010 Proof Gold and Silver Eagles

The US Mint has announced the release dates for their "remaining" 2010 products. The collectible Proof and Uncirculated 2010 Gold Eagles and 2010 Silver Eagles are still missing from the schedule, although the US Mint still preserves a glimmer of hope that these popular products might be produced.

The updated schedule includes exact on-sale dates for all previously listed products (although the dates are still stated as tentative). No new products have been added to the schedule, although I would have thought that the US Mint would release the "new" America the Beautiful Quarter Products this year. It's possible that they will be added to the scheduled later.

The 2010 Proof and Uncirculated Gold and Silver Eagles are listed on the schedule as "TBD." The US Mint has provided the now familiar explanation about the status of the products:
*Public Laws 99-61 and 99-185 mandate that the United States Mint mint and issue its American Eagle Silver and Gold Bullion Coins "in quantities sufficient to meet public demand..." There is no corresponding legal requirement to mint and issue the proof and uncirculated coins in quantities sufficient to meet public demand. The bureau, however, is continuing to work with current and potential blank suppliers to increase the supply of silver and gold blanks in amounts that may make it possible to offer the proof and uncirculated versions of American Eagle Silver and Gold Coins in 2010.
I suppose its somewhat favorable that the US Mint has not yet ruled out the offerings completely. At the ANA National Money Show in Fort Worth Texas held March 25-27, 2010, US Mint Director Edmund Moy raised the possibility that the 2010 Proof Silver Eagle would be canceled, citing demand for bullion coins. After that announcement, many collectors already began assuming that the cancellation was a foregone conclusion.

The 2009 Proof and Uncirculated Gold and Silver Eagles were finally announced as canceled in October.

The updated release schedule for 2010 US Mint Products is shown below:

Presidential $1 Coin & First Spouse Medal Set - Pierce 6/24/2010
Franklin Pierce $1 Coin Cover 07/01/10
2010 United States Mint Uncirculated Coin Set 07/15/10
2010 United States Mint Proof Set 07/22/10
Yosemite Quarter Bags and Two-Roll Sets 07/26/10
2010 American Eagle One Ounce Platinum Proof Coin 08/12/10
James Buchanan Presidential $1 Coin Rolls 08/19/10
2010 United States Mint Silver Proof Set 08/26/10
Buchanan's Liberty First Spouse Gold Coins 09/02/10
Buchanan's Liberty Bronze Medal 09/02/10
Grand Canyon Quarter Bags and Two-Roll Sets 09/20/10
Presidential $1 Coin & First Spouse Medal Set - Buchanan 09/23/10
James Buchanan Presidential $1 Coin Cover 09/30/10
Mount Hood Quarter Bags and Two-Roll Sets 11/15/10
Abraham Lincoln Presidential $1 Coin Rolls 11/18/10
Mary Todd Lincoln First Spouse Gold Coins 12/02/10
Mary Todd Lincoln Bronze Medal 12/02/10
First Spouse Bronze Four-Medal Set 12/02/10
Presidential $1 Coin & First Spouse Medal Set - Lincoln 12/23/10
Abraham Lincoln $1 Coin Cover 12/30/10
2010 American Eagle Silver Proof Coin TBD
2010 American Eagle Silver Uncirculated Coin TBD
2010 American Eagle Gold Proof Coin TBD
2010 American Eagle Gold Uncirculated Coin TBD
Coin Update News: Latest Weekly US Mint Sales Report



At June 29, 2010 at 4:51 PM , Anonymous Ben said...

What about the America the Beautiful silver bullion five-ounce coins?

At June 29, 2010 at 5:07 PM , Blogger Michael said...

Those will be sold through the US Mint's authorized purchaser network, i.e. you won't be able to buy them on the US Mint website.

Latest update is that the coins are scheduled for striking in July, August, Sept. The Mint is awaiting a supply of silver blanks...

At June 29, 2010 at 5:51 PM , Anonymous Anonymous said...

Hey Michael,
I appreciate the update on the five ounce coins but who are the authorized dealers? Where will Joe Public be able to buy these coins? If the price it not too outrageous I'd like to collect the entire set. I'd even prepay to buy each coin if such a program were offered.

At June 29, 2010 at 6:10 PM , Blogger Michael said...

Personally, I buy my bullion type products from APMEX.

Depending on the production levels and demand, I think most bullion dealers and many coin dealers will also carry them.

At June 29, 2010 at 7:12 PM , Anonymous Anonymous said...

Still nothing on the 2010 D Nickels at all.This is crazy.Why didn't the mint announce what they have produced in Denver yet?

At June 30, 2010 at 6:43 AM , Anonymous Anonymous said...

I buy my bullion from APMEX as well. They are the BEST! Fast, friendly service with premiums less than anyone else I'm familiar with!

I'm still trying to decide if I want to take the plunge on the 5 oz. coins or not. It almost sounds like the production run on these might be fairly small, if the Mint is already having trouble securing a supply of blanks. And, with several posters on this blog seemingly "chomping at the bit" to buy these, they COULD turn out to be the sleeper hit of the year.

I just wonder what the premium per coin will be?

At June 30, 2010 at 6:44 AM , Anonymous Anonymous said...

After reading about Moy and his answers to the press.It is plain to see that he is just a puppet with no back bone to the increased disappointment towards the 2010 products.The 2010 products with a lack luster approach toward the desires of collectors and facts of all products being put behind in schedules is just despicable.The lack of information on the 5 oz piece of junk parks quarter and continued notice that the proof silver eagle is due to lack of silver supplies and higher bullion demands is just plain bull crap.If they can waste money on a 5 oz piece of junk.Then they could produce the proofs.It's plain and simple to see that the collectors are no longer cared about as the bullion based buyers and scumbag profiteers are just all in the same bed together with the politicians who will make sure the vast amounts of profits will be made by them and not the private collector base sector.2010 is an uglier year then 2009 for sure.

At June 30, 2010 at 6:55 AM , Anonymous Anonymous said...

I look for these coins to sell by the scalping bullion dealers for a premium which will be unheard of compared to other world bullion 5 and 10 oz bullion coins and medals which have been produced for years.Pretty pitiful that our behind the times government is allowing bullion scalping.To me it is no different then selling a seat at a popular ball game at a premium after all seats have been sold out.The only difference is our government is only allowing a select few the ability to rip the public off with these bullion 5 oz coins.Not offering them to the public is just another way to piss the collectors off.What could Moy and company and our government be thinking other then pure greed out of all of this mess.They can all take that parks quarter 5 oz piece of crap and shove it where the sun doesn't shine IMO

At June 30, 2010 at 8:37 AM , Anonymous Anonymous said...

A 5 oz. pure silver coin could never realistically be described as a "piece of crap", no matter WHAT it looks like! I'd be happy to own some!

At June 30, 2010 at 8:49 AM , Anonymous Anonymous said...

Lets not go completely off the deep end here although I have been close myself at times. The 5 oz ATB coins are not meant to be "collector" coins although they very well may be in a practical sense due to the skimpy offerings from the mint and no ASE. The 5 oz is a bullion coin primarily meant for investors like the other bullion coins such as the silver eagle bullion also sold through dealers. Do a Google search to find one then check reputation. Apmex is one that has been mentioned as reliable but I am not promoting it over any other.

At June 30, 2010 at 9:55 AM , Anonymous Anonymous said...

Someone in China will make these, don't worry.

At June 30, 2010 at 10:24 AM , Anonymous Anonymous said...

No more silver proof eagles ever will be made? If so, look for the 1986-2008 silver proofs eagles to sky-rocket in price as this was one of the most beautiful silver coins ever made. Collectors will keep them as the prices will continue to rise as the silver eagle proofs will be valued for what they were, a beautifyed coin no longer made.

At June 30, 2010 at 11:27 AM , Anonymous Anonymous said...

I'm still very disappointed that the ASE are not on the schedule. Luckily our first child was born in 2008 so I purchased both proof/unc. for her. This year I went to a coin show in the spring and decided to buy 2 bullion of the ASE 2010 because my wife is pregnant with twins so I at least had something to give them in the future.

I still don't really understand why all the silver is going to the ATB 5oz coins. Why make something like this and not market it directly to collectors? I may be wrong but isn't bullion mainly for people who want to invest in the metal be it silver or gold and not collect it for the design. Why go to all the trouble with the size and design to make this a bullion coin and not a collector coin? The mint could have really made this something very cool to collect with special packaging and photography of all the parks.

But with twins coming my coin collecting budget is greatly downgraded for a few years. I love to collect commemoratives but being a graphic designer my self I'm very disappointed in the designs. But I'll keep collecting them along with the annual mint/proof sets.

Anyway, Michael thanks for all the info you give to all of us. I enjoy checking in a few times a week to see what's going on and read everyone's comments.

TK in Minneapolis, MN

At June 30, 2010 at 3:22 PM , Anonymous Anonymous said...

If the 5 oz is meant to be a bullion coin for investors.Then these bullion coins should go for bullion rates.The sad part is the fact that only the greedy bullion dealers will get to distribute them and mark them up so high that investing in them would only be a mistake.Seems that there is just to much greed in collecting or investing any more from those who are just after making a quick buck and don't care if they ruin the hobby in the process of their greed.Yes capitalism is a good thing and businesses do need to survive in this world.But all out greed is just non excusable.The fact that our government (US Mint) is allowing this is proof that one hand will always wash the others no matter how dirty they get.

At June 30, 2010 at 4:44 PM , Anonymous Anonymous said...

This makes me glad that I went ahead and got the 08 uncirculated set. It as you all know, maybe the last ASE mint product. The bullion ASE coins are bullion, nothing beats the Unc and Proof versions. This is probably some of the "change you can believe in". tb

At June 30, 2010 at 6:27 PM , Anonymous Anonymous said...

Hey Micheal,

That so called notable auction you have up on the 50 2010 ceremony pennies are the 30 day stamp cancels and not proven to be the actual ceremony rolls.Anyone at any time within 30 days could have any of the 2010 Lincoln roll stamped at the post office within 30 days after the actual ceremony.The only authentic ceremony rolls would be ones with the actual USPS stamp with the date of issue which can only legally be used that day.That proves the actual date of issue from the day of the ceremony that only exchanged a certain number of rolls.That seller even has D rolls with the cancel on them.So all this is doing is confusing the actual amount issued.I'm glad I had mine done the other way which proves mine were from each ceremony and from the actual exchange.Guess this just goes to show the amount of gimmicks out there to sell anything.

At June 30, 2010 at 7:12 PM , Anonymous Anonymous said...

If yah don't like the music, don't dance. If yah don't like the coins, don't buy them. If you think the 5 oz bullion's will be outrageously priced (and you can bet they will be early on), pass them up.

No one holds a gun to your head, or have your family as hostages. You have a free choice. Personally boycott whatever doesn't ring your bell. This is America. Only spend your money when and where it's treated best!


At June 30, 2010 at 8:01 PM , Anonymous Anonymous said...

well said grandpa!

At June 30, 2010 at 8:04 PM , Anonymous Anonymous said...

what is anyones take on provident metals? that is where i get my bullion and they seem to be about the same as apmex in price and product but with better shipping rates.

At June 30, 2010 at 9:45 PM , Anonymous Anonymous said...

Guess we'll have to rely on Daniel Carr's re-manufactured "proof" ASEs:

Link to CU thread

At July 1, 2010 at 8:05 AM , Anonymous Craig said...

Pretty sad, honestly. The overall product offerings have taken a quick nosedive over the past few years.

Does anyone actually care about the presidental & sacajawea dollars? Seems like such a waste of time and money for a coin that, for the most part, does not circulate.

IMO, the 5oz rounds are the only interesting thing coming. Given the Mint's track records for the past few years, the possibility of a proof set seems highly unlikely...

At July 1, 2010 at 11:15 AM , Anonymous Stephen Cupp said...

I care about the $1 coins, but since the post office took out all the stamp machines all I can do is get them at a bank. I find them more convent to use then paper dollar bills for stuff in the $1-3 dollar range.

At July 1, 2010 at 12:07 PM , Anonymous Anonymous said...

Who cares? I bust my a:: everyday at work, more hours, chalk and scrape for less pay. America is such a money culture. More important my brother died in Iraq. all those peace demos did nothing!

At July 2, 2010 at 6:12 AM , Anonymous Anonymous said...

I call complete shenanigans on the last post. Making a ridiculous anonymous post, on a coin blog no less, that you lost your brother in Iraq? Does that make you any more credible then what anyone, including the wise Grandpa, else is? Let alone what the hell does it have to do with coins. "America is such a money culture." YOU ARE ON A COIN BLOG. COINS=MONEY. Troll somewhere else.


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