This article was originally printed in Numismatic News.
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Who would have thought that the 2011 uncirculated coin set would show such early pluck? The first report of sales shows collector purchases at 191,391, which puts it at over one-third of the total achieved by the 2010 set, which by the way, is still selling. This is a meat and potatoes set without any precious metals in it.
The 2011 proof set added 73,789 in the past week to bring the total sold so far this year to 395,069. By comparison, the silver proof set sales number rose by 24,630 to 257,148.
Army commemorative coin demand seems already to be falling off. Did the three coins get lost in the precious metal investment frenzy surrounding American Eagles, or do collectors rate this one behind the Disabled Vet dollar of last year? It is still too early to write it off.
Demand for the gold and silver American Eagle one-ounce bullion coins has dropped in February from January. Is this a blip or a new trend?