There is no mintage limit for the 2020-S Proof American Silver Eagle, the United States Mint confirmed in responding to a CoinNews inquiry about recent sales of the 1-ounce, .999 fine silver coin.
Released Oct. 13 for $73, the Silver Eagle’s online product page and press announcement had incorrectly stated its mintage limit (the maximum number of coins produced) at 200,000 units.
For some background, the coin’s ordering option turned off within days of its release, and then collectors discovered that more than 217,000 had sold.
"In the case of the American Eagle 2020 One Ounce Silver Proof Coin (S), the product mintage was 200K but mintage limit of 200K was an error in reporting. It did not reflect the Bulk packs (17,600 units (440 trays of 40 coins) and the Limited Edition Silver Proof Set (50K)," U.S. Mint spokesman Michael White told CoinNews Oct. 26.
Originally, the Silver Eagle’s product page should have shown none for its mintage limit and 200,000 for its product limit (the number of units produced for an individual product or SKU).
White explained: "The mintage limit for the American Eagle 2020 One Ounce Silver Proof Coin (S) is typically listed as ‘None’, which allows us to build to demand based on the Master production schedule. This year due to COVID-19 and Plant Production capacity, a decision was made to conduct only one production run of 200K units for the individual American Eagle 2020 One Ounce Silver Proof Coin (S), limiting the production mintage to 200K but the mintage limit should not have been reported as 200K. We have corrected the Mintage Limit to list as None."
Overall sales of the collectible remain unchanged from a week ago at a combined 217,597 (199,997 individual coins + 440 bulk 40 packs).
The San Francisco Mint-struck silver dollar will also be included as one of several coins within the Mint’s 2020 Limited Edition Silver Proof Set. This set is scheduled to launch later this winter for $201.