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Initial demand strong for silver Eagle


Collectors still love their proof silver American Eagle coins if demand during the opening days of availability are any indication.

In the four days following the April 12 commencement of sales by the U.S. Mint, collectors had snapped up 299,539 coins, the Mint reported as of April 16.

That works out to an average of 74,885 coins per day.

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Last year when the 2011 proof silver American Eagle went on sale June 30, buyers took 367,623 by July 5, or 73,525 per day.

In all, buyers grabbed 850,000 individual 2011 proof silver Eagles as compared to 860,000 in 2010. However, they also purchased an additional 100,000 2011-W proof Eagles in the 5-coin 25th anniversary American Eagle sets.

A special 2-coin 2012 set will be offered this year by the U.S. Mint. It will include the proof silver Eagle and a reverse proof silver Eagle. Both will have “S” mintmarks. Production begins in May. There is no word yet as to date, price or mintages for the set.

The individual proof 2012 silver Eagle has a “W” mintmark.

For the 2012 proof silver Eagle sold individually, there is no pre-announced maximum mintage and no per household ordering limits. Issue price was $59.95, though that can change if silver bullion prices swing significantly.

There is a $4.95 handling charge per order.

For more information, visit the U.S. Mint’s website at www.usmint.gov. Orders can be placed by telephone at (800) USA-MINT.

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