Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, July 5, 2011

Proof Silver Eagle Opening Sales Figures


The opening sales figures are now available for the 2011 Proof Silver Eagle. The popular product makes a strong debut with sales of 367,623.

This amount represents the highest initial unit sales for any US Mint product released this year. The next highest opening was the 2011 Proof Set at 253,144 units.

The amount exceeds the opening numbers reported for the 2010 Proof Silver Eagle by almost 100,000. However, it should be noted that there was some speculation (by me) that the initial sales of 273,212 for last year's Proof Silver Eagle were under-reported. A few days later, the US Mint confirmed that some customer orders had been deleted in error. The next sales report issued two weeks later showed that sales had more than doubled to reach 707,704.

On a longer term perspective, the mintage of the 2011 Proof Silver Eagle will almost certainly fall at the higher end of the spectrum for the series. The lowest mintage for a regular issue Proof Silver Eagle is 372,168 (1994). There are seven different dates with a mintage above 800,000, and of those two different dates with a mintage above 1 million. Last year's 2010 Proof Silver Eagle had last reported sales of 860,000.

Not included on the latest US Mint sales report were the initial figures for the Grand Canyon National Park Five Ounce Silver Coins. I am currently confirming the figures, but it seems that sales might be 24,896 out of the 27,000 maximum mintage. This figure was included on what looked like an incorrectly labeled line of the report. Please treat this figure as preliminary until I confirm here.

If correct, this would be the strongest start for a numismatic version of the ATB 5 ounce silver coins since Hot Springs. It would exceed the initial sales of the previous Yosemite release by more than 4,000 units. Many collectors may have chosen to order the ATB coin along with 2011 Proof Silver Eagle to save on shipping costs, accelerating the pace of sales.


Update: The confirmed initial sales figures for the Grand Canyon National Park Five Ounce Silver Coins is 19,300. This is lower than the previous release featuring Yosemite National Park, which debuted at 20,511.
Coin Update: Full US Mint Sales Report

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78 Comments:

At July 5, 2011 at 3:58 PM , Anonymous Anonymous said...

I would not be surprised at the 24K+ opener for the Grand Canyon coin. It is a very popular park and known internationally.

 
At July 5, 2011 at 5:53 PM , Anonymous Anonymous said...

Michael what's your thought about the latest 2011 Vicksburg ATB gaining traction as a low mintage bullion piece given the much more robust sales of the previous releases? This seems like a pattern possibly like with the FS series. A shot out of the gate then slowing down. I know one is bullion and the other is numismatic. I'm just curious about the mintage of these bullion pieces moving forward.

 
At July 5, 2011 at 6:38 PM , Anonymous Anonymous said...

Demand is huge for the proof ASE. No problem selling later if necessary. The 2001 Silver Buffalo commemorative has a higher mintage than many commemoratives but demand is so high it still maintains a significant premium after 10 years. ASEs are winners. Many people love the design, and these will always be in demand.

 
At July 5, 2011 at 8:06 PM , Anonymous Anonymous said...

Wow, better order Grand Canyon while you can!

 
At July 5, 2011 at 8:35 PM , Anonymous Anonymous said...

Stick with the Bullion versions. The "P" editions are a shameful picking of the collector's pocket.
I dumped my Hot Springs 2 weeks after recieving it from the mint on the 'bay.
Made a tidy profit and scooped up my Gettysburg @ $215. Now THAT'S a fair price.Man, it's pretty!
I'm only buying the ones with the military themes.....

 
At July 5, 2011 at 8:36 PM , Anonymous Anonymous said...

Funny how every update here goes full circle to ATB. Hmmmm

 
At July 5, 2011 at 8:38 PM , Anonymous Anonymous said...

I almost got caught with my shorts down around my ankles on the big Grand Canyon. I was putting off ordering as I figured the sales pace would peter out on these coins. I thought this one might even last a month. I read here the possible sales figures and this lit a fire under my butt so I ordered it this evening.

Wow, the ASE proof is off like a rocket. Its a beautiful coin and reasonbly priced considering for a precious metal proof. The ASE could be a million seller. The ASE and the Mexican 1 oz libertad are my two favorite silver coins for their beauty. I believe the libertad also comes in yellow and I would love to have a sack full of those.

 
At July 5, 2011 at 9:00 PM , Anonymous Anonymous said...

Grand Canyon ordered tonight after ordering silver eagles yesterday (with two shipping fees) but think maybe we have an "unexpected" sell-out of the GC. An early sell out would really put the ATBs in a different category than the FS's.

 
At July 5, 2011 at 9:05 PM , Anonymous Anonymous said...

I'm really surprised that Grand Canion's figures arent showing.

So it is easier to count the proof eagles?

I think the mint is just playing "the delay" game.

 
At July 5, 2011 at 9:57 PM , Anonymous Anonymous said...

Grand Canyon ordered tonight.
Thanks Michael!!!
Grand Canyon is a popular theme, but I think the spike of precious metals may trigger a quick sell-out of Grand Canyon and Mt. Hood as well. Will we get a Grand Canyon sales update tomorrow or have to wait until next week?

 
At July 6, 2011 at 12:29 AM , Anonymous Anonymous said...

Thanks Mike for the report!

One quick question: where do you find these weekly product sales report from? I tried to locate the official releases from US Mint website and couldn't find any.

 
At July 6, 2011 at 3:48 AM , Anonymous Anonymous said...

Funny how every update here goes full circle to ATB. Hmmmm

==================================

Same thing happened with the 2010 ATB bullion from December 2010 until about May 2011. Then that fad passed. Same thing in happening now with the ATB P. There are some people here who just want to build these up to turn a profit. If you are a true collector, collect what makes you happy and be careful what you read on the Internet.

 
At July 6, 2011 at 3:54 AM , Anonymous Anonymous said...

Folks write about the ATBs because they see potential money making opportunities. Do you think that real collectors (repeat, collectors) are interested in making money from coin purchases?

A real collector collects coins for the pure enjoyment of filling a hole in a collection, the beauty of a design, or the thrill of the hunt. Coin / precious metal investors and coin flippers have their eyes on making a fast buck.

 
At July 6, 2011 at 4:49 AM , Anonymous Anonymous said...

Collectors like to make profits too.... ;

 
At July 6, 2011 at 4:52 AM , Anonymous Anonymous said...

REAL Collectors - long term profit

FAKE collectors (aka investors) - short term profit


Take your pick; Do not be confused!!

 
At July 6, 2011 at 4:57 AM , Anonymous Anonymous said...

Michael,
24k Grand Canyon sold in first weeek? That would be newsworthy if true.

 
At July 6, 2011 at 4:59 AM , Anonymous Anonymous said...

well. grand canyon might be strong but mt hood might be the weakest.

 
At July 6, 2011 at 5:06 AM , Anonymous Anonymous said...

Hey...it's the Grand Canyon. What did everyone expect. Probably one of the most popular and beautiful places on earth. There is no comparing it to the rest of the US Parks.

 
At July 6, 2011 at 5:10 AM , Anonymous Anonymous said...

there is no need for u.s. mint to lowering the price of gold products this week. the average as of this writing is over $1,500.00/oz.

 
At July 6, 2011 at 6:30 AM , Anonymous Anonymous said...

It wouldn't have happened anyway, even if the average had stayed below $1,500. The Wed PM fix would have overridden it.

Now I guess I'll have to pony up the money or risk getting someone else's returns. I really wanted to save that $75 though. Rats!

 
At July 6, 2011 at 6:34 AM , Anonymous Anonymous said...

What is taking so long with the processing of the Grand Canyon orders? Mine is still "on hold", it hasn't even switched to "in process" yet. The backorder date being pushed back a day every day I'm used to, but I'm not used to an order staying "on hold" so long. There's nothing wrong with my credit card, so I don't get why it's taking so long.

Has anyone else who posts here had their order switched to "in process" yet?

 
At July 6, 2011 at 7:03 AM , Anonymous Anonymous said...

I ordered the GC within the 1st hour. Now in process. Had to get one since I rode a bicycle from GC to Albuquerque in 1981 with 50 others for the ACS.

 
At July 6, 2011 at 7:16 AM , Anonymous Anonymous said...

I might have to buy one just to see if I can throw it across the Grand Canyon...

I guess I will need to practice my discus throw.

 
At July 6, 2011 at 8:21 AM , Anonymous Anonymous said...

Hoping Michael can confirm the Grand Canyon sales numbers soon.

 
At July 6, 2011 at 9:03 AM , Anonymous Anonymous said...

My order number is 37795xxx, and it says on hold. strange.

 
At July 6, 2011 at 9:31 AM , Anonymous Anonymous said...

My GC is also on hold, and every day I have seen the expected shipping date move ahead a day. Strange, very strange.

 
At July 6, 2011 at 9:33 AM , Anonymous Anonymous said...

Order number 37817xxx and still on hold as well. Like the other guy, each day the shipping date moves to the next day. 6 days this has happened.

 
At July 6, 2011 at 9:59 AM , Anonymous Anonymous said...

Mine's on hold as well. Everyone at the Mint is still on holiday for the 4th.

 
At July 6, 2011 at 10:02 AM , Anonymous Anonymous said...

Might have something to do with their process of filtering out those who are trying to order more than one?

 
At July 6, 2011 at 10:55 AM , Anonymous Anonymous said...

Order number: 377950XX
Order Date: 06/29/2011 at 12:03 AM
Order Status: Your order request is in process.

 
At July 6, 2011 at 12:05 PM , Anonymous Anonymous said...

The key to the P 5 oz ATB's is going to be having the whole set.

 
At July 6, 2011 at 1:25 PM , Anonymous Anonymous said...

Yosemite ATB still taking wait list orders? They couldn't have been premature in declaring a sell out could they?

 
At July 6, 2011 at 1:26 PM , Anonymous Anonymous said...

The article is about proof ASE, oh well, I prefer the shiny proof-like bullion ATB's over the P issues. I bought the first 2 and stopped. Pure silver UGLY.

 
At July 6, 2011 at 1:30 PM , Anonymous Anonymous said...

1:26 Did you read the whole article?
It goes on to talk about the GC ATB sells figure not being released and then mentions the sales of the other ATB P coins.

 
At July 6, 2011 at 1:41 PM , Anonymous Anonymous said...

My order finally switched to "in process" today, so I feel better now. I'd never had one stay "on hold" for that long, an entire week. I was getting nervous.

It is weird how the waiting list is still open for Yosemite, and Yellowstone didn't even HAVE a waiting list. I guess the Mint will always try to keep us guessing.

I wonder how much longer before the waiting list notice appears for the Grand Canyon coin?

 
At July 6, 2011 at 1:46 PM , Anonymous Anonymous said...

My GC and ASE Proofs are now "in stock and reserved", I can no longer view the shipping date. Maybe tomorrow will be the day the GC ships. Time will tell.

 
At July 6, 2011 at 2:38 PM , Anonymous Anonymous said...

I cancelled my GC coin; can't take it anymore

 
At July 6, 2011 at 2:42 PM , Anonymous Anonymous said...

Can't take what anymore??

 
At July 6, 2011 at 3:01 PM , Anonymous Anonymous said...

That's funny.

 
At July 6, 2011 at 3:11 PM , Anonymous Anonymous said...

I am waited listed on GC wtf?

 
At July 6, 2011 at 3:21 PM , Anonymous Anonymous said...

No one cancelled crap. It's easy to talk smack when you don't have to back it up. Either he didn't order or lies about cancelling. Now back to those ASE proofs. They may mint alot, but they are still one of the best US designs ever.

 
At July 6, 2011 at 3:25 PM , Anonymous Anonymous said...

Michael,
24k Grand Canyon sold in first weeek? That would be newsworthy if true.

********************************************************
All it means is that people bundled it with the ASE proof to save on postage. The first 5 ATB P's all have 27K mintage. So what if GC reaches it in two weeks and MH in two months.

 
At July 6, 2011 at 3:30 PM , Anonymous Anonymous said...

now back to atb

 
At July 6, 2011 at 4:08 PM , Anonymous Anonymous said...

Yahoo, GC instock and reserved, Yes!

 
At July 6, 2011 at 4:18 PM , Anonymous Anonymous said...

I suppose with this high slae volume of the ASe proof, there is no need for 25th coin set anymore. why bother and who has any money left.

 
At July 6, 2011 at 4:21 PM , Anonymous Anonymous said...

Well, I have money left for a 25th Anniversary set as I passed on the 2011 SAE proof...got plenty of other years...don't need this one.

 
At July 6, 2011 at 4:34 PM , Anonymous Anonymous said...

LOL....false alarm. No quick sellout for GC. I wonder what happens to those people who "knew and sure of a quick sell out". Me....,I think I am going back to my den to hibernate. I set my alarm to one month after Hood start selling. I'll buy both to save on shipping.
BTW, thanks Mike.

 
At July 6, 2011 at 5:01 PM , Anonymous Anonymous said...

It will go bye-bye to anyone waiting till the Mt Hood is available.

 
At July 6, 2011 at 5:27 PM , Anonymous Anonymous said...

8000 Grand Canyons to go. Will they do it in the next week? It should be close. If its like the Yosemite it will look like sales are slogging along and then on day 15 the mint announces they are on waiting list. I don't think they will be here for the Mt Hood release or I would wait and save on shipping too. Take a chance and wait only if you don't really care whether or not you get one.

 
At July 6, 2011 at 5:37 PM , Anonymous Anonymous said...

Wow...I might save $4.95 shipping if I wait till MH is released...give me a break...I hope you wait and miss out you cheapo.

 
At July 6, 2011 at 5:45 PM , Anonymous Anonymous said...

I'm still bummed that the old yellow stuff rebounded and spoiled the price decrease we should have gotten today!

 
At July 6, 2011 at 6:21 PM , Anonymous Anonymous said...

I was hoping gold would stay below $1500 too so we might get a price decrease soon but there might just be a price increase sometime soon instead if prices keep going higher which would be a cost to waiting instead of a savings. It's hard to figure what prices will do in the short term though some people may get it right from time to time.

 
At July 6, 2011 at 6:51 PM , Anonymous Anonymous said...

Ah yes, DMPL bullion ATB, any day over flat, plain, and pukey sandblast finish.

 
At July 6, 2011 at 7:12 PM , Anonymous joe said...

Michael,

Any links to the sales numbers of other Mint items such as Eliza FS, AGB, AGE, etc.? Sure would be interesting to know their numbers...

 
At July 6, 2011 at 7:16 PM , Anonymous Anonymous said...

Eliza could be a new low for FS coins.

1) Gold is high,
2) The FS series is on the decline,

and most importantly,

3) The Eliza coin is as attractive as a wet hen.

Grant will do better due to recognition, then it's back to the lows until maybe Theodore Roosevelt.

 
At July 6, 2011 at 8:36 PM , Anonymous Anonymous said...

Hey, don't knock someone trying to save 5.95 on shipping. Thats a six pack of reasonably good beer!

 
At July 6, 2011 at 9:09 PM , Anonymous Anonymous said...

Joe,

You can get those sales numbers by clicking the Coin Update: Full US Mint Sales Report link at the bottom of this Mint News Blog post which is:

http://news.coinupdate.com/us-mint-sales-2011-proof-silver-eagles-debut/

 
At July 7, 2011 at 12:50 AM , Anonymous Anonymous said...

The key point for me with the ATB 5 ouncers is not how many coins were sold, but how quickly they sell out.

Will we see a sell-out in two weeks?

 
At July 7, 2011 at 4:20 AM , Anonymous Anonymous said...

How quickly they sell out does not matter much. Louisa Adams had a quick sell out and goes for only a bit over spot. Fact is they will sell out and total mintage low (not super low, but low). Once more awareness occurs, demand will go up (and so will premiums). If silver climbs over $40/oz again (it probably will at some point), the ATBs will rocket up as well.

 
At July 7, 2011 at 4:55 AM , Anonymous Anonymous said...

Save $5 on shipping and risk getting seconds? Not smart.
I prefer to have one box per type of purchase.

 
At July 7, 2011 at 5:26 AM , Anonymous Anonymous said...

Just checked and ny ATB GC coin is:

Order Status: Your order request is in process and In stock and reserved.

Finally, maybe I might get it by tomorrow?

 
At July 7, 2011 at 6:26 AM , Anonymous Anonymous said...

You will not get your coin until it is shipped, and a UPS tracking number will be emailed to you. The coin being listed as "in stock and reserved" does typically mean that shipping is near. My status has changed to the same thing, hopefully it gets mailed out by today or tomorrow at the latest.

 
At July 7, 2011 at 6:27 AM , Anonymous Anonymous said...

There aren't too many "seconds" to be had on the 5 oz if any at all. Those that ordered one are not likely to send it back and risk getting nothing. And those who scammed the system and got several might possibly send one back but I doubt it. If you order one before it goes on waiting status you will be okay. The key is getting it ordered before waiting status kicks in.

 
At July 7, 2011 at 6:29 AM , Anonymous Anonymous said...

Side note:

My ASE subscription coins arriving today.

 
At July 7, 2011 at 3:59 PM , Anonymous Dash said...

"And those who scammed the system and got several might possibly send one back but I doubt it."

You have no idea what you're talking about. There is a one coin per household limit for the 5 oz. ATB's. How is it a "scam" if you ask family or friends in different households to purchase one after you PAY them for it. It is called initiative and having a can-do attitude for what you want. There is nothing wrong with that. Secondly, I did send back one of my six Yosemite coins the day after I received it for a replacement and got another beautiful one back within a week. You have to be ready to take action before it is too late. Reading this blog shows that some who post here are either too lazy, unable or unwilling to go after what they want and instead whine about it.

 
At July 8, 2011 at 1:21 AM , Anonymous Anonymous said...

Ya, I bot 20 Yosemite as well; but it seems Yosemite could be the least popular in the 2010 series... ; (

Don't know about GC thou'

 
At July 8, 2011 at 3:00 AM , Anonymous Anonymous said...

How did you managed to get 20 Yosemite.?
I dunno anyone who has done that!!
I only got 5 GC and that was a Feat!

 
At July 8, 2011 at 9:58 AM , Anonymous Anonymous said...

Yosemite limit REMOVED !!

 
At July 8, 2011 at 12:28 PM , Anonymous Anonymous said...

Amazing how ever post here still turns into ATB talk.

 
At July 8, 2011 at 1:01 PM , Anonymous Anonymous said...

Perhaps also interesting is that the info is not very relevant for a sold-out coin with a waiting list.

 
At July 8, 2011 at 2:28 PM , Anonymous Anonymous said...

LMAO about order for 20 yosemite ATBs. They are on a waiting list goober.

 
At July 8, 2011 at 3:27 PM , Anonymous Anonymous said...

looks like gold is going above $1550 so there will probably be price changes soon - a price increase not decrease as I had hoped - unfortunately

 
At July 8, 2011 at 8:38 PM , Anonymous Anonymous said...

"And those who scammed the system and got several might possibly send one back but I doubt it."

Those who got more than the one coin per household by using friends and relatives who had no intention of wanting or keeping the coins were merely demonstrating know how and ability to manipulate the system. Scamming is too harsh of a judgment. Greed and/or manipulation are not necessarily the same as a scam. A scam usually involves something illegal.

 
At July 10, 2011 at 4:18 AM , Anonymous Anonymous said...

Scam or be scam.... It's a free country!!!

 
At July 10, 2011 at 9:14 AM , Anonymous Anonymous said...

Is it, is it rrreeeaaaly?

 
At July 10, 2011 at 2:54 PM , Anonymous Anonymous said...

SCAM!

Free scam for one and all!!!

 
At July 12, 2011 at 8:50 AM , Anonymous Anonymous said...

Forget the 2010 P ATBs.... even at 27K mintage it fail to gartner interests.... the Mint is better to cancel the series than let it play out like FS

 
At July 13, 2011 at 2:41 PM , Anonymous Anonymous said...

Limits are a joke. We all know how to get around them.

I still have three Ultra high relief from 2009!

A lot better than money in the bank.

 

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