2011-W Uncirculated Silver Eagles
Sales figures are now available for the recently released 2011-W Uncirculated Silver Eagle. From the start of sales on September 15, 2011 through September 19, 2011, sales have reached 184,967 coins.
I do not have any comparable opening sales figures for the last collectible uncirculated Silver Eagle that was released in 2008. However, over the course of the full period of availability, sales of the 2008-W Uncirculated Silver Eagle had reached 533,757, consisting of 436,702 through individual sales and 97,055 through the 2008 Annual Uncirculated Dollar Coin Set.
The lowest mintage collectible uncirculated Silver Eagle is the 2006-W at 466,573.
It’s still early, but the strong opening for the 2011-W Uncirculated Silver Eagle combined with the possibly 100,000 more coins that will be sold as part of the 25th Anniversary Silver Eagle Set makes it seem like this year’s issue won’t be setting a new mintage low.
The full weekly US Mint numismatic sales report is available on Coin Update.
Numismatic Gold Coin Prices
As long as tomorrow’s Wednesday AM London fix price remains at $1,838 or below, the average market price of gold from the prior Thursday to this Wednesday will fall into the $1,750 to $1,799.99 pricing tier. This is lower than the pricing tier currently in use, which would usually result in a price decrease for numismatic gold coins.
However, an additional aspect of the pricing policy requires that the Wednesday PM London fix price must agree directionally with any price adjustment. That means that the Wednesday PM fix price must be below $1,800 in order for a price decrease to take place.
The current market price of gold is $1,806 per ounce, and gold has been up and down for the past several days, making it too close to call at this point. We will just have to wait and see how the numbers come up tomorrow.
To summarize (and barring any extreme moves in the price of gold): If the Wednesday PM fix price is below $1,800, then there will be a price decrease. If the Wednesday PM fix price is $1,800 or greater, then prices will remain unchanged.