2016 Proof American Silver Eagle Images Unveiled

by Mike Unser on September 12, 2016 · 38 comments

The United States Mint this past weekend unveiled more images and product details for the 2016-W Proof American Silver Eagle.

2016-w-proof-american-silver-eages-case-and-edge

Images of the proof American Silver Eagle’s presentation case, sides and edge

Launching this Friday, Sept. 16, the collector coin has a smooth edge with "30th ANNIVERSARY" incused in italics on its edge. Congress directed the anniversary inscription in passing of the FAST Act. Next year’s edition will return with a traditional reeded edge like all the others issued since 1986.

smooth-edge-of-2016-w-proof-american-silver-eagle

Edged lettering of 30th anniversary proof Silver Eagle

The proof’s $53.95 price was announced last week. It’s $5 more than last year’s release, which launched Jan. 2, 2015 when the cost of silver was lower. Other product information matches previous issues, including its striking at the West Point Mint in 1-ounce of 99.9% pure silver to a diameter of 1.598 inches. Complete specifications are available on this U.S. Mint page.

Proof Silver Eagles are sold individually and available within other products. This year’s version is also within upcoming Congratulations Sets and Ronald Reagan Coin & Currency Sets.

{ 38 comments… read them below or add one }

Mouse September 12, 2016 at 7:17 pm

Great idea if they caped the mintage at less than 8000 and made it out of 4 9’s silver. Would make it a very special release. Still a beautiful coin.

RODNEY MOORE September 12, 2016 at 7:23 pm

Does anyone know if they are going to do anything else other than this for the 30th Anniversary? I was hoping for a special set of some sort, but I suppose if we haven’t heard anything about one at this late date then that means it is not going to happen. If not, then that is pretty disappointing. Also, Any idea when the un-circulated version will be released?
Thanks

Rodney

zach September 12, 2016 at 7:26 pm

was going to buy this but know i am not since the mintage is unlimted.

Synoptic 12 September 12, 2016 at 7:33 pm

@ Rodney

As far as we know, the U.S. Mint shall only be including the proof in one if not two sets. We do not waste our time with those things, even though the have limited numbers. I believe that the Chronicle’s Set will include a Proof, but not the Burnished. The mintage is of low number but the rest of the coins have no value. Basically, you’re only retrieving the Proof.

* At this point in time, you’re luck if all the players amass at 250,00 in that many have left. There are always the unsuspecting, and elderly. The U.S. Mint has gradually missed the mark in providing a coin of late to entice the pro’s.

The burnished most likely will be released before Christmas, so as the many can splurge. Some have input as an October release but we know not. The ‘edge lettering’ is portrayed on the U.S. Mint website and that is what one shall receive, nothing more. In terms of a special presentation set, most likely not but with the U.S. Mint one never knows for certain. Everyone wishes to know the question you presented . We know the reason why too. Even if we knew, we could not say anything. We’re sure you’ll be on board Friday, right ?

Richard September 12, 2016 at 8:44 pm

Mintage Limit: None
Product Limit: None
Household Order Limit: None

Kind of takes the fun out of it….

Senior September 12, 2016 at 8:44 pm

I have always been a fan of the ASE material and the edge lettering is new but not original,however personally I’m a bit burned out..How about keeping the tradition Liberty obverse and renewing the reverse annually original such as the Platinum series.Renew the reverse annually.The mint has the resources new energy into an old series and limit the numbers.I believe moderns collectors are bored.

Synoptic 12 September 12, 2016 at 8:54 pm

@ Richard

Do not be too certain upon that assertion. Near to the end of the year, as many care not for the edge lettering. ‘Remember’, the U.S. Mint can stop production at any time. In the no limit category, the U.S. Mint is trying to establish some numbers for future reference and as to the burnished. Contingent upon the Proof, sales shall determine the course and limitations of additional releases.

T September 12, 2016 at 9:36 pm

I don’t understand why the US Mint would limit the mintage quantity for the purpose of driving the price up in the after market. Won’t rarety be driven by demand? The coins that are not popular won’t sell and will then naturally be low mintage and appeal more to this type of collector.

T

Senior September 12, 2016 at 10:22 pm

I find these comments a bit confusing.When the mint makes a major limitation to mintage of a product line it is driven by a negative reaction of collectors.look at the last release 12,500 West Point and 12500 San Fran medals minted with a household limit of one W and one S for a total of 25000 total.Go figure???.There is ones solution to this issue.Get in when the bell rings or stay clear and boycott the secondary sellers.MCM has dozens of product and you and I were lucky to get a single W and S two metal set.Do not buy from the secondary market. This is the only solution,Take your best squeeze out and buy roses the return will be two fold.

Senior September 12, 2016 at 10:34 pm

I Was incorrect the household limit was 2 sets I apologize

T September 12, 2016 at 11:35 pm

Lol. I now see how short sighted my comment is. The 30th ASE mintage is unlimited and the comments immediately start with wanting a mintage limit of 8k. Undoubtedly, a coin with a low mintage limit would have starting comments requesting HHLs or no limits.

To each his own.

T

Danny Morano September 13, 2016 at 6:33 am

I thought the issue date was Noon on Thursday, September 15, 2016?

Danny Morano September 13, 2016 at 6:39 am

The Coin Vault was selling the Proof Medal for $ 699.00. Bought the same coin from L&C for $165.00.

Neil September 13, 2016 at 12:27 pm

I’m not too concerned about the mintage limit. I don’t buy these (when I do buy them) for investments. I buy them for pleasure. So I’ll probably buy this one. I bought one last year since it was my first son’s birth year. This year because it is a bit different with the edge lettering. For me it falls into the discretionary budget for fun. If I was to be a serious coin investor I’d never buy anything from the mint and stick with key dates only — but that would kind of kill the fun of even collecting coins (for me).

michael September 13, 2016 at 1:13 pm

It took me sometime to realize this, but paying over double the spot price for a 1 oz silver coin with unlimited mintage is likely a poor investment. In theory the Ebay price will likely be below the initial price.

jim September 13, 2016 at 2:47 pm

Anybody know what product limit means and what the difference is between product limit and mintage limit?

FLSharkvictim September 13, 2016 at 4:40 pm

HOW IS MCM able to grab dozens of the Standard Liberty silver medal but the average coin collector could not get a order in for a single medal? Also. not to mention they turn around and double there profits.. WTF!!!

Danny Morano September 13, 2016 at 5:15 pm

FL SHARK VICTIM
You might want to ask the Coin Vault the same question. $699.95 and shipping for an Early Release PF70 DCAM. Medal and a sparsely adorned one at that. No God Bless America, No E. Plurabus Unum and no Arrows in the Eagles one Talon. Pretty Chinsey if you ask me.

T September 13, 2016 at 6:29 pm

Product limit pertains to the coin in that type of offering: A coin set or single coin…
Mintage is the total amount of that specific coin across all the different types of product. Example 30k Mintage: 20k as single coins and 10K as part of a set.

jim September 13, 2016 at 8:40 pm

Thank you. An obvious distinction except for when there is only one product and confusing when there is more than one product.
Looking at the National Park Service commemorative $1 mintage limit is 500,000 and product limit is none (should be 500,000 or not listed) and the NPS 3 coin set shows mintage limit is none (shouldn’t even be listed) and product limit is 15,000. They could have put a little more intelligence in the web site or in the person updating the website.
I will try to remember the distinction.

Danny Morano September 14, 2016 at 7:51 am

A thought to consider. What if certain large Ebay resellers and other companies gave their employees certain “Inceptives ” and had them entice their friends as well as themselves to buy certain coins such as the Liberty Medal, the Mercury Dimes and others over the years and sell them to that company. I’m sure other’s have thought the same. Think about it how else could they have gotten so many of these coins? Just speculating.

Neil September 14, 2016 at 8:28 am

So you’re saying the big companies are smurfing coins? Well, if you introduce limits there will always be people who come up with ways around them. I call it the squirrel and birdfeeder effect.

Danny Morano September 14, 2016 at 8:46 am

Think about it, small amount of Coins/Medals minted, one per address. How else are they able to acquire so many? Kind of like Shill bidding only they use their employees and their friends to buy for them. How else are they able to get so many? Mint them? The cost would outweigh the profits. Plus it’s illegal and it wouldn’t take long for them to be exposed.
They have been doing it for so long, they have it down pat. All we need is for one ticked off employee to prove it. Anybody out there want to spill the beans and help the little guy’s?

Ron September 14, 2016 at 2:02 pm

Edge lettering makes it look cheap.

Joe September 14, 2016 at 3:19 pm

Senior, I agree with your comment on Sept 12 at 8:44.

Rooster September 14, 2016 at 8:38 pm

Mike on HSN is selling this 30th anniversary eagle for 179.95.

Rooster September 14, 2016 at 8:52 pm

On HSN website it states limited edition so don’t delay. The only limit is they are for sale this year with no limits. People must buy from them or there would not be a market. Sad that people are so gullible.

Seth Riesling September 14, 2016 at 9:29 pm

Rooster –

Mike Mezack on HSN live primetime 2 hour show tonight was also selling the SL gold quarter in ANACS SP-70 for $999.95 plus $5 S&H plus state sales tax! A third- tier grading service he has a “special relationship” with. What a ripoff! I feel so sorry for people who order coins on HSN or from Mezack on CSN also.
Buyers Beware!

-NumisDudeTX

joera September 15, 2016 at 4:45 am

I will be buying several of these. And in the second market I will buy several of the PCGS PR70

Rooster September 15, 2016 at 6:08 am

I did forget to mention that the HSN 30 year eagle is a slabbed PR70.

Danny Morano September 15, 2016 at 7:30 am

Wait until Ebay, The coin Vault and others get into the act. So far I’ve found 12 large companies accepting Preorders on the Quarter and Proof Eagle as well as the Proof Medal. Ranging from $165.00 to $999.95. L&C Coins has the best deal on the Medal, the Coin Vault the highest. They have them in so many different NGC and PCGS holders it’s rediculous.

Danny Morano September 15, 2016 at 7:35 am

With about 55% of the Quarters still available, I think it would be stupid to buy on the secondary market when you can still buy from the mint and get them graded yourself for around $500.00. You could get 2 and have them graded for what HSN and others are asking.

Danny Morano September 15, 2016 at 7:55 am

Silvertown is accepting Preorders for graded 2016 Proof Silver Eagles from NGC and PCGS in 69 and 70 in various different stickered holders from $64.95 for 69’s and $84.95 for 70’s. They have a smorgasbord of different labels from NGC and PCGS. All ready preorded a 70 from each company in the label I liked. They will probably have the best options and prices of any body. I have also seen other companies offering the same for $124.95. Pick your poison as they say.

Danny Morano September 15, 2016 at 8:02 am

Silvertowns offer is for one week only. Selling raw in OGP for $54.95 and a correction, 69’s for $74.95 and 70’s for $84.95. All with free shipping for 1 week only.

Rooster September 15, 2016 at 9:07 am

An option to consider is that this product is available as an enrollment.

jim September 15, 2016 at 12:02 pm

I use the enrollment method. It’s just one more thing I don’t have to worry about when the issue date rolls around. Even with the incompetent leadership the mint currently has at least this automatic process hasn’t been negatively affected (yet).

Rooster September 24, 2016 at 1:26 pm

Has anyone received their coins and care to comment? My orders are in hand but waiting to open with someone else who shared my order. Might be a bit early yet, but wondering about quality issues or first impressions. Thanks!

Rooster September 24, 2016 at 6:47 pm

Just finished going over the coins. Five total and all look fantastic. It is hard to read the 30th Anniversary on the edge even with my 1.5 readers on. I prefer the reeded edge but understand that they wanted to commemorate this coin. It sure took a long time to get this coin out but worth it. No issues from packaging to boxes and the coin itself. Hoping that I might get lucky and find a reeded edge coin but it did not happen. Hope everyone else has a good experience with these.

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