Monthly Archives: April 2010
Spectrum Numismatics Missing Coin Alert
Finest Indian Head $10 Gold Set Certified With PCGS Secure Plus
Queen Hands Out Maundy Money in Royal Service
Gold Hits Two-Week High, Silver Touches $18/oz
US Mint Sales: Coin Demand Rises, Silver Coins Surge
The newly released Boy Scouts Silver Dollars were off to the races earning headlines, but other United States Mint coins picked up in pace also last week according to the latest sales report.
Demand trended higher, with silver coins making the most noise as every US Mint silver product clamored with week-over-week gains.
The 2010 Boy Scouts coins reached 214,673 in less than a week. Collectors purchased 144,732 proofs and 69,941 uncirculated dollars. With a touch over 61% of the total allotted 350,000 mintage accounted for, it would appear these commemoratives are destined for a sell out.
American Silver Eagle Coins Rally in March, Capping U.S. Mint Quarterly...
2010 American Silver Eagle bullion coins surged during the start and toward the end of March, capping the best United States Mint quarterly sales since the coin series debuted in 1986.
The latest sales figures, however, do not bode well for 2010-dated collector proof and uncirculated versions of the Silver Eagles. Collector coins carry the "W" mint mark, which is unlike the bullion versions that are available now and must be produced by the U.S. Mint in quantities to meet public demand. As long as that demand remains at unprecedented levels, this year's collector options are at risk of cancellation as happened to the 2009s.
"Any time that we get ahead of demand, we are storing away blanks" for collector gold and silver coins. "If demand catches up, that's when we have to use the blanks" for bullion coins, U.S. Mint Director Ed Moy explained during a public coin forum on Saturday, March 27.