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It's a Go for Oct. 27
October 13, 2011

The Eagle hasn’t quite landed yet, but at least we know now that Oct. 27 will be the red letter date to watch if you are interested in buying the 25th anniversary silver American Eagle set. Check the Mint website at, usually at noon on the first day of sales.

In the set will be five silver Eagles. There will be proof and uncirculated 2011-W Eagles from West Point, an “S” mintmarked uncirculated collector coin from San Francisco and a bullion version without a mintmark, but it also happens to be struck at San Francisco. The final coin will be a reverse proof carrying a “P” mintmark for Philadelphia.

No price has been established yet due to the volatile nature of the silver market.

At the present $32 an ounce, the five one-ounce coins will have a melt value of $160.

What will the retail price be?

I’ll go out on a limb and say $289.95.

That’s my guess. I haven’t heard anything.

The Mint has enough coins to package 100,000 sets if buyers want them.

Will they?

I expect so. The Mint has had a pretty good time selling other anniversary coin sets in the past and buyers have been rewarded with higher secondary market prices.

Will that happen this time?

Collectors will have to gin up almost $30 million to play to a potential sellout.

Get ready to place your bet.

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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.

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