The United States Mint will begin sales of the 2011 Proof Silver Eagles today, June 30, 2011 at 12:00 Noon ET. Traditionally, this has been one of the Mint’s most popular annual collector offerings.
A collectible proof version of the American Silver Eagle has been offered each year from 1986 to present, with the exception of 2009. The obverse design features Adolph A. Weinman’s classic depiction of Liberty from the Walking Liberty Half Dollar. The reverse features a heraldic eagle designed by former Chief Engraver of the United States Mint John Mercanti.
The 2011 Proof Silver Eagles are struck at the West Point Mint and carry the “W” mint mark. Each coin is struck in .999 fine silver and has a weight of one troy ounce.
Pricing for this years offering has been set at $59.95 per coin. This represents an increase of $14 from the price of last year’s offering. Reportedly, a silver market price of $37.50 per ounce was basis for this year’s pricing. Silver is currently trading around $34.80 per ounce.
An initial ordering limit of 100 coins per household will be in place for the start of sales. The same limit was initially imposed last year, but removed after two weeks of sales.
Even before the actual start of sales, things seem to be going more smoothly for the Proof Silver Eagle offering. Last year, the release date took place very late in the year on November 19. In the week leading up to the release date, the US Mint sent 100,000 incorrect email notifications stating that the product was canceled. Shortly after the start of sales, approximately 2,200 orders were deleted in error.
Let’s hope that today’s release continues to go smoothly. Here is a link to the US Mint’s product page.