2010 Proof Silver Eagles

I swear, if you look closely you will see that the date is NOT 2010.

 

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Yep. It would be funny if the actual 2010s came with a different color presentation case too.

 

Nothing to be concerned about. Thousands were delivered this morning. Many posters are CU Forums have received thiers already.

 

Fishy, that listing is fishy! A clear shot of the date is what counts.

 

I just checked my order Mint shows 1 order for 2 has shipped 11/22/2010

 

First sales figures are in! 273,212 sold last week!

http://news.coinupdate.com/us-mint-sales-proof-silver-eagle-debuts-at-0545/

 

Thanks for the link. I agree, a very underwhelming number of reported sales.

 

Yeah, I'm surprised it's not higher. I was predicting a sell-out (based on 600,000 pieces) by Thanksgiving. Now it looks as if these will be available well into December. If the mint doesn't lift the 100pc/household limit, the final tally could come in under 500,000!

I'm actually split on whether these numbers are good or bad for the collector/flipper. They may end up being good in the long run. I hope!

 

Like I have been saying and trying to correct you on the 600k number, that was pure Moy-speculation based on 200k/month production capabilities, not a guaranteed available inventory.

If the Mint started production in late September and now only a month later, as of this writing, we are seeing 273k in sales, they could only feasibly have just passed the 200k mark for delivery of the initial orders, then put one more month plus a few days behind that until the end of the year, subtract all the federal holidays in the next month and there is VERY little time left for actual production.

BIG IF here, IF, production stops by year end, this will be a significantly smaller mintage, regardless of the 100/household limit currently in place. That's just my guess at this time. I don't care how long these coins stay on sale, I care how long the 2010s are 'in production' based on stated minting capabilities.

The Mint has stated in 2011 they will be offering most products dated 2011 in the first part of the year, that is going to put a strain on collectors budgets and usual time frame for picking up new products. I think this complicates the length of time the Mint can devote to minting 2010 Proof ASEs and makes it even more unlikely the 5 oz. Parks bullion meet their stated mintage limits.

 

I agree krispy, I would expect the mintage on the 2010 to come in around 350,000 to 425,000. That's just what I think, I don't see a problem getting 1 or 2. Heck you can pick up the 1994's with no problem ! I just went to the mint website and it states a 11/23 expected ship date for the proof silver eagle (lol).

 

They started production well over 2 months ago. There has been over 9 weeks of production to date. The mint stated they would strike 50,000 per week. Sooooooooo..........we're at 450,000 available today.

 

moderncoinmart.com is selling 2010 proof 70 silver eagles for $95 - What is up with people over-bidding on these coins on ebay ?

 

That's all an assumption of where the mintage might be, based on estimated production of 200k per month starting in September 19th. Subtract holidays (Veteran's Day for instance, the weekend when the big email error happened) and weekends since production began when there may be no minting in full swing and that is less than two months of production time as of 11/22. Do we know what the production/minting facility is actually churning out, no only what is hypothetically possible. Any number of real life scenarios can diminish actual production in that period of time and with a LOT of pressure still on the bullion version demand and any other items currently ramping up for 2011. All you have is the stated sales figures to stand on at this point in time, a very rough estimate at that. Even if we were up to 400k or 450k, only a bit over 273k have been reported sold which isn't supporting your guess to where actual mintage is currently up to.

50k per week is the same as saying 200k per month. That is only hypothetical production estimation, not an exact figure. I think you are getting too literal and liberal with the numbers.

 

MCM always does this. Not a bad company overall, just pushy with the hype of new items in their saley approach to those who buy slabbed moderns.

 

Yeah. How many actually sold last week has a lot to do with how many were struck in the last 9 weeks. Sheeesshhhh...............take a sedative and come back after you figure out what month it is.

 

The Mint has stated in 2011 they will be offering most products dated 2011 in the first part of the year, that is going to put a strain on collectors budgets and usual time frame for picking up new products. I think this complicates the length of time the Mint can devote to minting 2010 Proof ASEs and makes it even more unlikely the 5 oz. Parks bullion meet their stated mintage limits.[/QUOTE]


I don't fully comprehend the Mints reasoning behind doing this, and your absolutely correct. They will probably loose sales over all .

 

Watch the fool's do their thing.

 

2010w ASE proof coin three days result 273,212.

 

That number is'nt LOW mintage at all !

 

Hmm, no need to be insulting now, Fishy. I'm not saying we won't get to the mintage levels you cited, nor that they haven't already been reached. I'm suggesting you not post unreported mintage numbers so confidently based on assumed ideas about estimated production figures given by Moy months ago and a "reported" start date of production approximately two months ago. You only have the current sales figures to stand on at this point but your mind is racing to use the things Moy said as near gospel for what you assume the figure is currently at, with no actual proof. It is not as if what come out of the Mint nor through the numismatic publishing channels is written in stone.