The 2010 Boy Scouts of America Centennial Proof Silver Dollar sold out Friday afternoon, with the United States Mint asking potential buyers to join a waiting list.
[Editor’s update: The Mint pulled the waiting list option for the proof BSA coins on August 4. The proof join the uncirculated — both are no longer available, except through secondary market options.]
This procedure is normal for the U.S. Mint and has been utilized on past sell outs, like when the Boy Scouts Uncirculated Silver Dollars reached the same status on April 26, 2010.
Those joining the standby list will be sent the proof commemorative on a first-come, first-served basis, and only if a previous order is: canceled, returned or affected by a processing issue such as an expired credit card.
The proof BSA dollar is the most popular of the two coins, aided to a small degree by their longer availability. The most recent sales figures have the uncirculated version at an even 105,000, which now places the proofs at 245,000 since the combined maximum mintage (by law) is 350,000. That breaks out to a perfect 70/30 proof to uncirculated split.
The silver dollars launched on March 23, 2010 with introductory pricing of $39.95 and $33.95. Initial ordering proved to be quite hectic and in less than a week, 144,732 of the proof and 69,941 of the uncirculated sold, for a total of 214,673. That represented an astonishing 60% of the entire mintage.
Sales remained solid, before trending lower to where several thousand sold each week, which leads to today when the Mint placed the proofs on the waiting list. For reference, the Mint’s message follows:
Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2010 Boy Scouts of America Centennial Proof Silver Dollar. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-come, first-serve basis. We cannot provide information about your position on the waiting list.
When we place your order on the waiting list, we will send you an order receipt. This is not a guarantee that you will receive your order. If we are not able to fulfill part or all of your order, you will receive a cancellation or sold-out notification. If you paid by check, you will receive a refund.
If paying by credit card, please be sure your credit card information remains current to avoid any delays in processing your order. If your credit card has expired by the time of shipment, your order will be cancelled. To update credit card information after an order has been placed, you must call 1-800-USA-MINT (872-6468).
Those interested in being placed on the standby list may do so on the Mint’s website at http://catalog.usmint.gov, or by calling at 1-800-USA-MINT (872-6468).