The US Mint has now sold out of the 2008-W Uncirculated Silver Eagle. The individual ordering option no longer appears in the online product catalog and the listing has been added to the “No Longer Available” list.
The coin does remain available as part of the 2008 Annual Uncirculated Dollar Coin Set. This set is priced at $37.95 and contains the 2008-W Unc Silver Eagle, four 2008-P Presidential Dollars, and a 2008-D Sacagawea Dollar.
The “W” mint marked uncirculated American Silver Eagle coins have been offered since 2006, as a collectible version of the bullion coin. The latest sales figures suggest that the final mintage of the 2008-W Uncirculated Silver Eagle will fall below the levels of last year and slightly above the levels of 2006.
The table below presents the mintages based on the most recent or last published sales data from Numismaster. Included in the figures are all of the various products within which the “W” Silver Eagle was included.
|2006-W Uncirculated Silver Eagle Mintage|
|20th Anniv. Silver Eagle Set||250,000|
|20th Anniv. Gold & Silver Eagle Set||20,000|
|2007-W Uncirculated Silver Eagle Mintage|
|2007 Annual Unc Dollar Set||90,167|
|2008-W Uncirculated Silver Eagle Mintage|
|2008 Annual Unc Dollar Set||45,773*|
|* still on sale|
The 2008-W Silver Eagle may have some room for price appreciation. As long as there are not a significant number of Annual Dollar Sets remaining in the US Mint’s inventory, the final mintage will be only slightly above the level of the 2006-W Silver Eagle, which sells in the $70 – $80 range.
However, the mintages alone only tell part of the story. The 2006-W Unc Silver Eagle sold only 200,000 coins individually, the rest were sold as part of 20th Anniversary Sets. Assuming the majority of the sets remain intact, this would cause a lower supply of individual coins, which may be the reason for the higher prices.
On the other hand, the 2008-W Unc Silver Eagle sales include approximately 47,000 of the 2008-W Silver Eagle Reverse of 2007 variety. This would lower the supply of the available coins with the regular reverse of 2008.
This will be an interesting coin to watch. In the long term, I think the 2008-W Silver Eagle will price above the 2007-W which sells around issue price, but won’t reach the levels of the 2006-W. For now, prices will likely remain depressed until the 2008 Annual Uncirculated Dollar coin sells out.