by

Individual 2012-W Proof Silver Eagle Sold Out

November 19, 2012 in Coins, Proof Coins, Silver, Silver Coins, USA Coins

November 19, 2012 By Michael Zielinski (http://news.coinupdate.com)

On November 13, 2012, the United States Mint sold out of the individual option for the 2012-W Proof Silver Eagle. Despite the sell out, collectors still have other options available for purchasing numismatic 2012 American Silver Eagles and may even see a come back for the sold out coin within an upcoming product.

2012 Silver Eagle Proof

2012 Silver Eagle Proof

The US Mint began sales of the 2012 Proof Silver Eagle containing the “W” mint mark on April 12, 2012. On that date, the individual proof coin was available priced at $59.95 with no stated maximum mintage and no household ordering limits imposed. Opening sales figures for the product reached 299,539 units, representing somewhat of a slow down from the prior year.

Following a decline in the market price of silver, the product price was reduced to $54.95 in late July. This allowed collectors with a window of opportunity to take advantage of a lower price. After the price of silver recovered, the price of the coin was raised to the original $59.95 in October.

The last reported sales for the individual 2012-W Proof Silver Eagle are 819,217 based on last week’s report. This compares to sales of 850,000 individual coins in 2010, and 860,000 individual coins in 2011.

As one of the US Mint’s most popular numismatic products, many might have been looking forward to purchasing the 2012 Proof Silver Eagle to give as a holiday gift. In fact, the US Mint prominently featured an image of the coin on the cover of Fall Product Catalog, which was distributed to collectors last week.

Full Article>

Share Button

Comments are closed.

Translate »