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Collector American Eagles might be likely in 2010
November 03, 2009

Collectors are still complaining about the lack of uncirculated “W” mintmarked and proof American Eagle silver coins this year due to the planchet shortage that has plagued the U.S. Mint since the middle of 2007.

Next year looks like a far easier time will be had by the U.S. Mint if an Austrian Mint forecast about 2010 is borne out.

I was reading Jon Nadler’s posting on the Kitco Web site yesterday.

There he quoted the President of the Austrian Mint, Kurt Meyer, on the topic of how many one-ounce Philharmonic gold bullion coins his institution will produce.

Meyer’s forecast is a decline of 32 percent.

Since gold does not exist in a vacuum, such a significant decline would likely also be accompanied by a decline in demand for silver American Eagles.

Anything approaching a 32 percent decline would free up some 8 million silver planchets, a number large enough to accommodate any likely demand for the collector version of the silver American Eagle.

Will it happen?

Business forecasts are just that. But a forecast from an institution with the experienced staff of the Austrian Mint certainly has a far higher probability of being correct than those made by many other prognosticators one finds active today.

So, the one-year gap in the American Eagle series will be the focus of questions that will be sent to Coin Clinic by newcomers for the next 50 years much as they ask why there is a much longer gap in Morgan dollar production that stretched from the years after 1904 until production resumed in 1921.

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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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