The first sales figures are available for the 2010 American Veterans Disabled for Life Silver Dollars. The coins recently went on sale February 25, 2010 with introductory pricing in effect.
Through February 28, 2010, the US Mint has recorded sales of 66,209 proof coins and 32,149 uncirculated coins. This makes for a combined total of 98,358. The maximum authorized mintage for the coins is set at 350,000 across all options, meaning that sales have reached 28.10% of the total after just a few days of sales.
With the strong opening sales, is a sell out possible?
Last year, the Louis Braille Silver Dollars had recorded opening sales of 40,844. After two weeks, sales had reached 70,274. The last reported sales in mid-December was 217,874 across all product options.
The more popular Abraham Lincoln Silver Dollar had achieved opening sales of 177,722 across both proof and uncirculated versions. Within about five weeks, sales had risen to the 450,000 level required for a sell out of the individual options. Out of the maximum authorized mintage of 500,000 coins, 50,000 were reserved for the Lincoln Coin and Chronicles Set released later in the year.
So far, the American Veterans Disabled for Life Commemorative falls directly in the middle of last year’s two programs in terms of velocity of sales. At this early point, I am inclined to think that the coins will eventually sell out of the 350,000 maximum authorized mintage, but the sell out won’t occur until much later in the year.
Go to Coin Update News to view the full US Mint sales report for weekly sales through February 28, 2010.
Separately, I wanted to take a moment to mention a new feature on Coin Update News, gold and silver market commentary by Patrick A. Heller. His commentaries will appear usually twice per week, with new articles published on Tuesdays and Thursday or Friday. Pat Heller owns Liberty Coin Service in Lansing, Michigan and writes the newsletter “Liberty’s Outlook.” He is also the gold market commentator for Numismatic News.
The latest article was published yesterday: Largest Private Refinery Discovers Gold-Plated Tungsten Bar
Go to the page Gold and Silver Commentary to find past articles and new articles as they are published.
Regular features on CoinUpdate.com also include weekly US Mint sales reports, monthly US Mint bullion sales reports, Michael Bugeja’s Coingrader Capsule, and the periodic news roundup.