The majority of United States Mint coin sales jumped for the second week in a row. Most of the demand was for collector sets, especially the new silver proof set, while some coins enjoyed increases too.
Opening sales figures for the newly issued 2010 Proof Silver Set showed 241,656 sold between Thursday, August 26 and Sunday, August 29. It was a good start for the annual set, but it was behind the inaugural sales of the last two years, which were 271,372 for 2009 and 292,004 for 2008. [click to continue…]
Demand for United States Mint products skyrocketed compared to recent weeks. Collectors went after sets, coins, and bullion. Maybe it was the time of the year or it was the change in precious metals prices, but whatever the reason, sales jumped according to the latest round of the United States Mint weekly data.
For starters, collectors finished off the 2010 proof Platinum Eagles. All 10,000 coins sold since their launch on Thursday August 12. The last 1,732 sold between Monday, August 16 and Thursday, August 19, when orders were put on a waiting list. The Mint officially changed the platinum coin's status to "Sold Out" on August 23. [click to continue…]
Collectors jumped at their opportunity to scoop up the 2010 proof Platinum American Eagles. 8,268 of the 10,000 maximum mintage sold between its launch on Thursday afternoon and Sunday, leaving just 1,732 on the shelves. Perhaps the only things slowing down the sell out was its $1,892 price per coin and the household limit of five.
Fortunately for those who waited to purchase the platinum eagle, the price was lowered by the Mint today, and it equaled a $100 savings. The new price, $1,792 per coin, is the result of the Mint's pricing criteria. Since the London Fix weekly average for platinum fell below the $1,550 threshold, the numismatic price was also lowered. [click to continue…]
U.S. Mint collector coins went through a bit of a summer sales dip following the week after the new Yosemite quarter was released.
The next big coin launch will occur on Thursday when the Mint issues the 2010 proof Platinum Eagle, but not much was on collectors' radars between August 2 and August 8.
Bullion Silver Eagles, the 2010 Proof Set, and the 2010 Mint set put up solid unit gains, but there were few other products making huge movements. [click to continue…]
Overall sales relaxed after having two good reports of increasing numbers, the latest United States Mint figures revealed. The biggest winners were the one ounce bullion coins, the 2010 Proof Set, and the 2010 Mint Uncirculated Set, but none of those beat their previous sales. This year's quarters and several Presidential $1 coins, however, improved.
July silver American Eagle bullion sales earned a new title at month's end. With 2,981,000 coins sold, it became the best ever July since the eagles debuted in 1986. More impressive, July ranked as the seventh best month in history. [click to continue…]
The United States Mint had a pretty good week, for a second time after several weeks of lazy sales. Most products outperformed prior gains, and the inaugural numbers for the 2010 United States Mint Proof Set were stronger than those of the 2010 Mint Set which were released a week earlier. For bullion coins, the one ounce versions enjoyed growth spurts. To the numbers...
The popular 2010 Proof Set launched Thursday, July 22, and beat the uncirculated 2010 Mint Set which was released exactly one week earlier. The proof sets started with 296,379 after four days, while the mint sets reached 247,085 after 11 days on the market.
This year looks to be no different than any other for the sets -- proof coins continue to outrank uncirculated coins in popularity. The following chart, courtesy of parent site CoinNews.net, shows debuting Proof Set sales back to 2007. [click to continue…]
The newly released 2010 collector set revved up sales across the board. The latest United States Mint sales figures reported improvements in almost every category. Only a handful of numismatic products slowed down compared to the prior week, while bullion coins continued their steady growth.
In fact, Silver Eagles picked up another 287,500 since the 16th to bring July's total to 1,935,500. The new YTD total is 20,104,000. As for gold bullion, the one ounce American Gold Eagles tacked on an additional 20,000 and the one-fourth ounce advanced 2,000 since Friday. Buffalo bullion coins added 3,000. [click to continue…]
To sum up the latest United States Mint sales report, coins and sets experienced a deeper summer slowdown compared to prior weeks.
Of everything the U.S. Mint sold, there were only four that managed to do better than the prior report, and those not improve by much. Bullion coins, however are still in demand.
Bullion American Silver Eagle coins climbed to bring July's total to 1,648,000, adding 772,500 since July 7. The gain was soft compared to the higher 875,500 increase during the first week of the month. Still, the addition caused this year's tally to cross the 2008 end-of-year total. 2010 Silver Eagles sales are at 19,816,500 while 2008's ended with 19,583,500. Last year's record sales of 28,766,500 is now less than 9 million away, although most collectors would probably like to see a decline so that the Mint has enough supply to strike proof and uncirculated versions.
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There would be little to look at if the America the Beautiful Quarters™ Products and the American Silver Eagles were pulled from the latest United States Mint sales report. There was not a lot of buying "action" elsewhere, by contrast.
The new quarters products actually retreated in weekly performance -- along with nearly every other U.S. Mint offering. But their numbers are among the most active and likely will remain so until Mint scheduled releases of other issues occur this month -- namely, the 2010 Mint Set on July 15 and the 2010 Proof Set on July 22. [click to continue…]
