Although the U.S. Mint will not put the “S” mintmark on 1 ounce 2011 silver American Eagle bullion coins struck in San Francisco, the Western mint’s iconic letter will still appear on a silver Eagle this year. It will be part of a 25th anniversary set to be issued sometime in October.
Deputy Mint Director Richard Peterson announced this new set at a news conference Aug. 19 at the American Numismatic Association’s World’s Fair of Money in the Rosemont, Ill.
The anniversary set will include five 1 ounce silver Eagles. There will be an uncirculated San Francisco coin with the “S” mintmark. A reverse proof will be struck at Philadelphia and carry a “P” mintmark. West Point will weigh in with a proof and an uncirculated coin, each with a “W” mintmark.
The fifth coin will be a standard bullion/investor American Eagle issued as all are without a mintmark. It is technically uncirculated, but because the Mint only applies the word “uncirculated” to some specially made collector coins, it was not used. The coin will have a brilliant finish.
Mintage is somewhat indefinite. Peterson said the Mint will produce up to 100,000 sets, but that number could edge somewhat higher depending on production scheduling at the Philadelphia Mint.
At least initially, there will be an order limit of five sets per household when these anniversary sets go on sale at the end of October.
Because bullion is fluctuating so widely, price will not be announced until just days before the set becomes available.