Proof Silver Eagles Not Sold Out Yet

Yesterday, the US Mint sent out a mass email to customers who had ordered the 2010 Proof Silver Eagle through their subscription program. The email very abruptly said that the coin, which won’t be released until next week, was sold out.

2010 Proof Silver Eagle

As it turns out, the email was sent in error and the coins are not sold out. Nonetheless, many people were upset and spent some frustrating hours yesterday trying to figure out what happened.

The email error was very disheartening and shocking for many people. Last year, the 2009 Proof Silver Eagle was canceled, breaking with a traditional offering that had been more than twenty years in the running. The reason for the cancellation was basically because the Mint could not get enough precious metals blanks from its foreign suppliers.

Yesterday’s email likely set off a wave of renewed frustration with the operations of the US Mint that has been building for several years. How will collectors react when the 2010 Proof Silver Eagles (hopefully) go on sale November 19? Will the faulty email create an impression of limited supply, or a backlash that results in lower sales?

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