The United States Mint has just announced plans to issue a five-coin American Silver Eagle 25th Anniversary Set. The maximum mintage would be 100,000 units, with an ordering limit of 5 per household, and anticipated start of sales in late October.
From the available information, the set seems to contain two coins unique to the set. If this is correct, these two coins would be tied for the second lowest mintage Silver Eagles, after the key date 1995-W Proof Silver Eagle.
The US Mint’s press release indicates that each set will contain:
- one Proof Silver Eagle from the West Point Mint
- one Uncirculated Silver Eagle from the West Point Mint
- one Uncirculated Silver Eagle from the San Francisco Mint
- one reverse proof Silver Eagle from the Philadelphia Mint
- one bullion Silver Eagle
The 2011-W Proof Silver Eagle is currently available for sale from the US Mint individually, priced at $59.95. The 2011-W Uncirculated Silver Eagle has been scheduled for individual release on September 29, 2011 with the price not yet announced. Bullion versions of the Silver Eagle have been available since the start of the year, produced at the West Point Mint or San Francisco Mint without a mint mark.
The two potentially unique coins included in the set are the 2011-S Uncirculated Silver Eagle and the 2011-P Reverse Proof Silver Eagle. Provided they are not released in any other format, these coins would have a mintage of 100,000 each, in line with the maximum production level established for the set.
In 2006, the US Mint offered the 20th Anniversary Silver Eagle Set, which included the 2006-W Proof Silver Eagle, 2006-W Uncirculated Silver Eagle, and 2006-P Reverse Proof Silver Eagle, priced at $100, limited to 250,000, with a limit of ten per household. Additional offerings included a 20th Anniversary Gold Eagle Set, which included a similar line up of one ounce gold coins, with the sets priced at $2,610, limited to 10,000 units and ten sets per household. Finally, the 20th Anniversary Gold and Silver Eagle Set included the one ounce 2006-W Uncirculated Gold Eagle and 2006-W Uncirculated Silver Eagle, priced at $850 per set and was limited to 20,000 units. The first two sets sold out within weeks. The final set sold out after a few months.
Following the release of the 20th anniversary sets, the US Mint later offered the uncirculated coins with the “W” mint mark separately. The reverse proof coins remained unique to the set.
Earlier in the year, I had speculated that the US Mint might offer a 25th anniversary set for the American Silver Eagle. From the details released so far, the offering seems to be an excellent opportunity for collectors. Barring any unforeseen factors, the sets should sell out quickly and move on to secondary market success.