NumisMaster Logo
Home
Register
Sign In
Free Newsletter

Collector Info
In Print
Site Map

Silver Eagle Coins Handily Beat Medals
July 06, 2011



Any guesses before I reveal how strong the collector preference for coins versus medals is as demonstrated by sales of 2011 proof silver American Eagles and 9/11 medals?

Drum roll, please.

Five days after sales began, the Mint had sold 367,623 proof silver American Eagles.

Medal sales reached 59,614.

Or in other words, as of July 5 numbers, for every 6.17 coins purchased, collectors bought 1 medal.

Medals have been offered since June 20. The silver proof Eagles went on sale June 30.

No contest. The Eagles win.

The only question now is how many of the 2 million blanks that the Mint put in the pipeline for possible medal use will end up in the American Eagle bullion coin program, where demand is still very strong.

Medals even have two mintmarks to help goose demand. West Point and Philadelphia Mints are both striking them. Only West Point is striking the proof Eagle.

Of course, it could be worse for the medals. If the 911 medal was not identical in every way to the weight and fineness of the Eagle, sales would probably be far lower. If they had been made of bronze, coin collectors probably wouldn’t have traded their baseball cards for one.

Silver does have appeal, even when in medallic form.

What’s next?

Let’s see how fast the 2011 proof silver American Eagles reach last year’s sales total of 860,000.

When do you think it will happen?





Add to: del.icio.us   digg
With this blog: Email to friend   Print


Recent Comments
On July 6, 2011 Bob said
According to the legislation and US Mint website, both "P" and "W" will be struck in proof.

Something to add? Notice an error? Comment on this blog.
  


About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

Search this Blog
Email Updates
Email me a message when a new post is added!
RSS Feed
More Links
Numismatic News
 



About Us | Contact Us | Privacy | Your data is secure
©2014 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.