How Many 2010 Proof Silver Eagles?

Just how many of the 2010 Proof Silver Eagles will the United States Mint sell? This is an important question since the mintage for the coin will play a big part in the eventual secondary market value of the offering, after sales conclude at the Mint.

Two forces will be at odds, in making the final determination. First is the incredible demand from collectors. After the absence of the Proof Silver Eagle for more than two years, there will be a rush of orders to obtain the previously unobtainable coin. The strong performance of silver this year, may also add a note of urgency.

Second, is the US Mint’s well known supply constraints. They are legally required to provide silver bullion coins in quantities necessary to meet public demand, even though their supply of planchets is limited to the amount their foreign suppliers will send. At times of high bullion demand, the US Mint has ceased production of collector coins. If bullion demand is high, further production of 2010 Proof Silver Eagles will not be possible.

My guess at how many coins the US Mint already has available is 1.5 million. There was some slack in bullion demand in September, which would have allowed this number to be produced. Also, the US Mint has possibly 90,000 subscription orders for the coins already. (This is a guess based on the number of email notifications accidentally sent last week.) If each subscription order is for an average of five coins, that’s 450,000 already gone.

Also, the US Mint has a household order limit of 100 coins in place. This is rather high, suggesting that plenty are available for bulk orders.

All things considered is 1.5 million maybe too low of a guess? We shall see…

4 comments ↓

#1 ken on 11.21.10 at 10:05 pm

When the mint announced their offering, they stated a mintage of 750,000, what part of that figure don’t you understand ?

#2 admin on 11.22.10 at 2:47 pm

where did they state that? There has been no mention of a mintage for the 2010 Proof Silver Eagle

#3 Jeff on 11.23.10 at 12:27 pm

Even if the mint had announced a number to be minted, why wouldn’t ken just helpfully pass the info along? Why tack on the nasty attitude in asking, “what part of that figure don’t you understand?” Maybe ken’s perfect? Nah, we all know he’s just flawed enough to think so. Let’s not reciprocate and be nasty toward him about his mistake, though.

#4 Dud on 11.27.10 at 5:44 am

What do you expect from Barbie’s friend!!! What part of figure that Ken knows!!!

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