2013 West Point Silver Eagle Set Sales Conclude at 281,310

set1A surge of late orders has pushed the sales total for the 2013 West Point Silver Eagle Set to 281,310 according to an update made to the sales counter placed on the product page. This positions the set as the highest mintage of all anniversary themed American Eagle sets that have been offered.

The US Mint began accepting orders for the 2013 West Point Silver Eagle Sets on May 9, 2013. Initial demand for the special sets containing reverse proof and enhanced uncirculated coins was strong enough to cause website issues and drive sales to more than 180,000 after the opening weekend.

The pace of sales subsided for much of the four week ordering window, with the pace picking up during the final days of availability. The last update reflecting the final day of sales showed an increase of 29,615 bringing the overall total to 281,310 units. The complete sales data for the four week ordering window is shown below.

Date Increase Total
5/10/2013 138,514 138,514
5/13/2013 44,259 182,773
5/14/2013 4,768 187,541
5/15/2013 4,185 191,726
5/16/2013 1,926 193,652
5/17/2013 3,082 196,734
5/20/2013 3,068 199,802
5/21/2013 4,299 204,101
5/22/2013 2,125 206,226
5/23/2013 974 207,200
5/24/2013 1,525 208,725
5/28/2013 5,486 214,211
5/29/2013 3,130 217,341
5/30/2013 2,638 219,979
5/31/2013 3,000 222,979
6/3/2013 8,521 231,500
6/4/2013 1,778 233,278
6/5/2013 9,948 243,226
6/6/2013 8,469 251,695
6/7/2013 29,615 281,310

Once again, the US Mint cautions that this data is and “approximation” and “for informational purposes only and should not be construed to represent accepted orders or actual sales figures”. Last year, there was a significant adjustment to the last reported sales figure for the San Francisco Set, so material changes certainly  are possible. I will pass along any subsequent updates to the West Point sales data that are provided by the US Mint.

Previously released anniversary themed American Silver Eagle numismatic sets have included:

  • The 2006 20th Anniversary Set which contained uncirculated, proof, and reverse proof coins and had a final audited mintage of 248,875.
  • The 2011 25th Anniversary Set, which contained uncirculated (S & W mint marks), proof, reverse proof, and bullion coins, sold out of the product limit of 100,000.
  • The 2012 San Francisco Set, which contained proof and reverse proof coins with the S mint mark. The last reported figure on the sales odometer was 251,302, which was subsequently adjusted to 224,981.


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Comments

  1. stephen m says

    Joe, i think you may be right. They appear to be getting too high on some of their offerings and they use to boast that they will sell for the lowest price. 289.00 for a 70 graded wp set seems high. Coin vault’s TV price is 299.00. I rest my case. MCM does have a price match policy but it’s pick and choose for them. I asked them for a price adjustment on my WP graded 70 set based on Goldmarts much lower price and was denied because Goldmart is one of the places that they won’t match price with. I’m looking for another company to purchase graded coins from also.

  2. Chuck says

    I’ve also noticed that when you order from ST and GM the OGP comes with it as part of the deal. MCM does not mention OGP with these sets so I called and was told the OGP will be sent with the order if requested. I did not see this policy where these sets are listed. Personally that does sit well with me.

  3. Samuel says

    Chuck, MCM used to have a website that sells the box etc until several months ago.

  4. Eddie says

    I am going to buy 70 graded WP set but only when the prices come down. Right now they are trying to get as much money as they can because they even know the price will fall.

  5. stephen m says

    Phelps, I didn’t know Goldmart has a lower price on the graded WP 70 sets until after i ordered from MCM and then i backed up and i requested for a price adustment based on Goldmarts lower price. I did not and still don’t know why MCM has price match but not with Goldmart. MCM did offer me a refund but i let the order stand to remind me of the trust realationship i thought i had with MCM.

  6. Chuck says

    Samuel says:

    June 9, 2013 at 11:02 am

    Chuck, MCM used to have a website that sells the box etc until several months ago.

    Right. So what do they do with them now? If they’re not selling them (ebay?) why not send them out with the order automatically?

  7. jayarejr says

    Shutter: I don’t agree that whatever restrictions the mint puts in place. that the big dealers will still be able to get all they need and the collector will pay an exorbitant price. It requires persistence on the collector’s part. When the 2011 set came out, I sat online for an hour until I got through, and received a very nice set at the Mint price. I’m sure others did the same.

  8. jayarejr says

    If it is the artificial restrictions that are the incentives to speculate, then how come there is so much chatter about whether speculators will make out well with the new 2013 set? The “artificial restrictions” on the 2011 set is what kept the speculators out of the market.

  9. Ray says

    Interesting, I had read that page on NGC a while back but I dont remember seeing the black holder info. Maybe I overlooked it. Either way, I think its complete bs that they’d offer certain holders to the big boys but not the general public. A bit frustrating since I really like the black holders. A lot of this TPG collecting is starting to seem like an uphill battle. I’d like to see an even playing field, but as long as TPGs do crap like this, it seems like it will never be. Yuck!

  10. Shutter says

    I don’t agree that whatever restrictions the mint puts in place. that the big dealers will still be able to get all they need and the collector will pay an exorbitant price.

    You don’t need to agree. You don’t need to believe. You don’t need to trust. Just look at the facts. In 2011, big dealers, like MCM, found ways to obtain inventory. Those collectors that work for a living and could not afford to sit for hours trying to place an order, got screwed and had to pay double or more on the secondary market.

    If it is the artificial restrictions that are the incentives to speculate, then how come there is so much chatter about whether speculators will make out well with the new 2013 set?

    Chatter is just that. Chatter. And most of it boils down to the simple fact, that speculators will not make a lot of money on 2013 set. Just like they didn’t on 2012 set.

    The “artificial restrictions” on the 2011 set is what kept the speculators out of the market.

    Really?! In what alternative universe? For months, eBay had thousands of 2011 set listing. With 70 sets going for as high as $2,000. Those weren’t collectors selling off cherished collections built over decades. They were speculating that they could sell 1 set and pay for the other four. I have no problem with them doing that, but let’s not pretend that this is something other than naked speculation. The only ones kept out of the market are poor schmucks that have to work for a living.

  11. Ray says

    The US Mint should include the last 4 digits of the credit card used for purchase either/both on the original email/receipt, or in the order history. How can I distinguish which card I used for which order? They really seem behind on the times when it comes to technology.

  12. Dan in Fla says

    I only use one credit card for the Mint and did not know that they would take alternate credit cards so thanks Ray. It is hard to balance an account when you don’t know when a debit is coming.

  13. Wes says

    Yesterday I checked Apmex and they had 5 sets of ASE WP sets in stock for around 179 each in OGP. MY question is has anyone else received their order already and how can they have them in stock already?

  14. Wes says

    The dealers found ways to get 2011 inventories by paying more for them than what the mint was charging from people that got through. Then they sold them at even a higher price because demand supply didn’t meet demand. The mint could have just left a household limit in place but raised the maximum number limit to 200,000 on these 2013 sets and there would still be a demand on the secondary market. At 250,000 plus sets it remains to be seen what demand will be there. I am also wondering although this may have already been answered by Michael if the mint has guaranteed that it won’t produce any more of the two coins in this set for other sets like they did for the 2012 set?

  15. Dan in Fla says

    I don’t believe that the Mint will start shipment until about 6/17/13. Now Apmex has up alert me notices. MCM has only 69’s available. Maybe these are going to be hot.

  16. high low silver says

    I’m waiting too Wess. This enhanced coin is the future IMO. I hope 2013 will be unique.

  17. stephen m says

    Dan, or artificially made hot to demand a higher price. The big players know all the tricks. I think the wp sets will always command a higher price than the 139.00 original mint price. The set has and always will have 2 great ASE’s.

  18. Rich says

    @ Chuck

    MCM does provide OGP for coins graded 70. If you request it when you make your purchase they will send it at no additional cost. However, I can just assume when you are dealing in quantity like MCM the additional shipping cost associated with including the OGP adds up. These guys are just being business smart as most (not all) collectors who buy slabbed coins don’t care much about the OGP. Unless of course you are one of those whom must have all your coins graded 70 with all OGP and COA. A small market at best – again assuming – that is possibly why the OGP site has closed.

  19. im just a bill says

    TPG = scam

    I will never understand why someones needs someone to tell you how shiny your coin is?

    Now ya’ll are getting all bunched up about a black label lol

  20. vaughnster says

    @im just a bill– Your statement is a little simplistic about TPG’s. I agree that some of it is fancy marketing with “First Strike” etc. on newer released coins. However, in this day with eBay and other online coin selling, it is a must to have certain coins graded by a reputable grading service. Would you buy a 1995-W proof silver eagle ungraded for $3200 or one graded PR69UC by NGC or PCGS for the same price? The TPG’s do have their place for us non-experts who want to know exactly what they’re buying.

  21. fmtransmitter says

    I been using Jesse James Rare Coins Good guy, New dealer. Fair, honest. He ONLY deals in eagles.

  22. billrod says

    Let me tell you a story about TPGs.

    I bought a MS65 1938D Walking Liberty half dollar from a very well known coin company around 1975. TPGs did not exist then. Twenty years later I sent the coin to a TPG and it came back that the “D” had been added. I promptly sent the coin plus my original receipt back to the dealer I bought it from. Within a few weeks I received a full refund. Never in my wildest dreams did I ever think I would see my money again. This major dealer is still in business today and you would immediately recognize the name.
    I’m not a big fan of TPGs but don’t think that they do not provide a valuable service even for collectors with over 50 year’s collecting experience.

  23. simon says

    bill : There is evidence that PCGS will doctor coins when they screw up on handling. My 2c : Who monitors the TPGs and their questionable practices ? Answer : No One ! Another point is that many of the TPG comments relate to hype about modern issues. My own preference is for OGP. The slabbed coins I own ( no TPG pref ) are all pre-WWII vintage.

  24. Dan says

    Billrod

    I dont have a story like you about TPG’s but it is for that reason alone that I will not buy a coin of any significance without it. While I will not send any coin out that I buy directly from a mint, they do provide an invaluable service as far as authenticating a coin. My only fear now is getting a phony coin in a phony holder. Soon we will need a registration service on TPG coins to provide a paperwork trail on all graded coins. .

  25. joe says

    To Simon’s point, I have had several issues with PCGS coins (MS70 or PR70) that have “degraded” over time in the holders. We are talking about releases over the past year; not older coins. I have never had a similar issue with coins in NGC holders…not to say it doesn’t happen.

    To this day, I also believe PCGS damages coins and I think it will come to light at some point as more people see their supposedly perfect coins degrade in the holders.

    That is why I try to limit my purchases coins in PCGS holders…too much risk.

  26. Hawkster says

    joe:

    You brought up anothe reason to keep modern issue coins in the original government capsules. The body oil from ungloved grader’s hands eventually reacts with the coins.

  27. Samuel says

    the place to check for the finger prints is the edge, if it is not serrated, especially in the NGC edgeview holder.

  28. Ray says

    why in the world would these TPGs not wear gloves when grading coins? are you sure they dont? how do you know this? if true, i’m skeptical to send my coins to any TPG. seems like coin grading 101 to me.

  29. Hawkster says

    Samuel,

    When the graders pick the coin up from a tray, or whatever their work surface is, you have to believe that their fingers are touching more than just the rim or edge of the coin.

    Just try to pick up a coin off a flat surface and see how much of the coin your fingers are making contact with–its more than just the rim.

  30. simon says

    Ray : very common practice – their reasoning is that the coin is more secure in their fingers than otherwise. I myself have used powder free finger cots for non OGP coins which work very well. OGP coins of course do not need to be removed at all. The mint capsules are very high quality and protect the coins for years and years.

  31. Don says

    Ray,

    There is a video out there that shows and explains the grading process. I believe that it was posted by a commenter several months ago. It does show the graders using their bare hands.

    What amazes me is that I have goin to coin dealers to buy silver bullion coins. Not one dealer has used a glove to remove individual bullion silver eagles from the Mint tube. You would think that they would know not to touch a coin with a bare hand.

  32. Samuel says

    i posted the video a while ago, u go to the website and search

    “Your Coin’s Journey Through XXX”

  33. jayarejr says

    “The only ones that get screwed are the poor schmucks that have to work for a living.”

    I guess I’m one of them, because I work for a living, and used my lunch hour to eat at my desk and obtain my 2011 set. But I somehow don’t feel I got screwed.

  34. Don says

    Samuel,

    Thanks. I looked again at the video, which clearly shows ungloved graders. The Grading Company even puts out a statement that their graders never wear gloves. There are actually several postings on their website where customers, or potential customers, express their concern over the lack of gloves.

    This Grading Company, which I will not name directly, is actually one of the big two (the one with the three letters).

  35. JBK says

    I am still skeptical of their reasoning that they are better off with bare hands. I understand the argument about reduced dexterity with gloved hands, but it is something they should learn to deal with, invent a better glove, etc.

    If I have to handle my own coins without gloves I use extreme caution, but I suspect that they are not so careful. I wash my hands and dry them thoroughly, and repeat the process if I touch anything that is not sterile or if too much time has elapsed since my last scrub down. I can just see the TPGs now – slab a PR70, then scratch the itch on their nose, then slab an MS70, then fuss with their hair or rub their eyes, slab something else, and so on.

    I have seen dealers treat their coins in such a way that I instantly decide not to do business with them. Once I asked a dealer how much a BU ¼ ounce Mexican silver coin was, and he proceeded to slide it out of its plastic flip and let it rest in the palm of his hand as he flipped it over to see the date. I just walked away. Another time I walked into a coin shop and the owner was eating a big greasy meal from a fast food joint, all the while ready and willing to jump up and attend to customers.

    I do not want to buy uncirculated or proof coins that will soon show the effects of having been manhandled. Oils and sweat will impact the surface not immediately but soon enough.

  36. Dan in Fla says

    I always use gloved hands when handling rolls of silver and coins. When I break up a roll to sell them I place in Air-tite containers right away. This blog is great and lengthy but informative. This is another reason not to use TPGs and stick to OGP.

  37. vaughnster says

    @jayarejr– It amazes me the whining that still exists about the 2011 ASE Anniversary Sets. Weeks before the sale date, I changed shifts with a fellow worker as to have a three hours to put my order(s) in before having to start work. I would have taken a vacation day off to get the job done. Everyone knew how hot these sets would be but some aren’t willing to put “skin in the game” to go and get it. Hats off to you and other poor schmucks like me who have to work for a living. 🙂

  38. Don says

    No matter how clean a coin grader’s hands may be, there is a strong possibility that fingerprints will be deposited on the coin.

    Presumably, one of the reasons these TPG companies exist is to certify a coin’s authenticity. Yes, there have been cases of counterfeited coins, but the problem seems to be limited to vintage ones, such as Morgan silver dollars. I have not heard of any instances where modern issue coins have been copied. So, it would seem, there is no real need to enlist the help of a TPG company to authenticate, for example, an ASE or even an AGE–especially if they are in OGP.

  39. says

    Don, you are right about modern coins not needing “authenticity”, however, these companies are called third party GRADING companies, not TPA.

  40. Jim_D says

    I take issue with the early strike designation. For all I know, all coins are made at the same time and whether a received coin is first or last off the press, is anyone’s guess. Unless the mint starts microengraving a serial number on each coin as it’s produced, there is no “provenance” from the mint as to when it was specifically made. So it begs the question, who decides whether a specific coin was early or not.

  41. Shutter says

    I take issue with the early strike designation. For all I know, all coins are made at the same time and whether a received coin is first or last off the press, is anyone’s guess.

    This has been discussed ad nauseum here and in all other coin collecting forums. Bottom line is that FS/ER designation means nothing.

    Unless the mint starts microengraving a serial number on each coin as it’s produced, there is no “provenance” from the mint as to when it was specifically made.

    There is no need for microengraving. If the US mint wanted to, they could provide documentation to graders indicating that a particular batch of coins is First Strike. The simple fact is they dont want to.

    So it begs the question, who decides whether a specific coin was early or not.

    The graders do. On their websites both NGC and PCGS explain their criteria for such designation. So really there is no question.

  42. dan says

    Shutter

    You are wrong when you say that ER/FS means nothing, its BS that is worth a fortune to the graders!!!!!!!!!

  43. satch says

    When you figure in what the grading co’s want for their service(opinions),your probably better off looking around and buying the coins on the secondary Mkt.This passed year I put together a 2011 set in PCGS First Strike.All five coins are MS69,but there’s still only 100K sets out there.

  44. Ed says

    Just recieved an update from the US Mint on Monday 17rth. My order, which I put in at 12:03PM on the first day of ordering, telling me that my order has been pushed back to July 02. I guess geetting in at the top counts for nothing…first come, first served my butt.

  45. john says

    there filling the big order first,I call hsn,said they will have there in by 6-20-13.what that tell you.

  46. rpw says

    Called the mint. They told me all of the first orders have changed to 7/02 backorder date. I was told that my order will be one of the first to ship (since my order was one of the first ones). I told her that if it wasn’t — I was gonna be extremely mad. I’m really getting tired of the games the mint is playing.
    If the dealers get their’s before the general public — I will stop buying in a heartbeat. I’m basically only buying for silver anyway. The mint needs to stop treating it’s customer’s like they don’t matter. Look at the counter for the total sales on this set. How did it increase 30,000 in ONE day —- AFTER the cutoff!
    Something stinks here — AS USUAL!

  47. billrod says

    I just spoke to a supervisor at the Fullfillment Center named Emmy and she said that the W sets have not been received yet from the Mint. She hopes to receive them within a week and start shipping them out right away. The story is that since orders could be placed until June 6 that everything was delayed until that date. That’s hard for me to understand since over 150,000 sets had already been placed during the first few days and it was obvious that the demand would be high. So why the big delay ? My Order Tracking on the website still has 6/17 as the expected shipment date.

  48. john says

    seem like there a prolbem with these sets,I know the mint had made some I seen pictures on web site of the new coins.why the 3 week delay.

  49. stephen m says

    Large customers, in every business, receive priority over the small ones. I wouldn’t expect the mint or shipping contractor to be any different. Hang tight, we will get ours. I ordered about 4:30 the first day and have a ship date of 7-25.

  50. Ed says

    Just check my order and it has change to “in stocked and reserved”. No shipping date on it, I ordered my coions at 12:03 PM via phone.

  51. john says

    call the place that ship set said they have not ship out any two coins set do not have them yet.I heard hsn got there today 3500 sets.I call ncg they said ,they have got a few set in to grade.so it sound like the mint is not telling the thurt about the sets.that it for me on mint coins if i like them i will buy on ebay or some were else.

  52. Ed says

    When I got home and open the boxes and to my surprise I have two damage capsule. My plan was to send in one set to NGC and keep the other for show with my other sets. Both enhance coin have damage capsule. One not so noticeable the other damn noticeable. I can not win. I did not want to send in two sets but I might have too. I am going to wait till the weekend to look at the coins closely before sending them out. I should be cooled down my then.

    I hope others have greater success then I did. You can see my pic on the boards at collectors-societ site.

  53. Dogman says

    This mint operation is going over the edge.I’ve collected this ASE material since its inception,but honestly with all of the deception and weakness of quality I’m about to give it up.I have two sets ordered with cancelation option still open I’m in a quandary.There is no excuse for flawed material and shipping to commercial marketers before we the every day guys and gals receive there sets.It has become in your face obvious the bulk buyers have there orders week in advance.the secondary market has graded set in stock ready to ship.How many of you have received your sets from the mint?Please send those agency a message.

  54. Dogman says

    I believe the mint and the TPGERS have been successful in trashing the best series the mint ever innovated.Too bad.

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