Proof rendition of American Silver Eagle goes on sale March 23

2017-American-Silver-Eagle-ASE-Proof-17EA-o-R

This post was updated on March 21 at 6:30 p.m. to correct the term “Enhanced Proof.” Although ASEs with the Enhanced finish are sometimes referred to as Proofs or Specimens, they were marketed by the Mint in the spring of 2013 as having an “Enhanced Uncirculated” finish.


(Washington)—The United States Mint will begin accepting orders for the 2017 American Eagle 1-ounce silver Proof coin (17EA) on March 23 at noon Eastern Time.

The obverse of the ASE features Adolph A. Weinman’s full-length figure of Liberty in full stride, enveloped in folds of the flag, with her right hand extended and branches of laurel and oak in her left. Its reverse features former Mint sculptor-engraver John Mercanti’s heraldic eagle bearing a shield, with an olive branch in its right claw and arrows in its left.

American Eagle 1-ounce silver Proofs are struck on .999 fine silver blanks and bear the W mintmark, indicating their production at the U.S. Mint at West Point. Each coin is encapsulated and packaged in a satin-lined, blue-velvet presentation case with a certificate of authenticity.

The 2017 American Eagle 1-ounce silver Proof is priced at $53.95. Orders will be accepted at https://www.catalog.usmint.gov and at 1-800-USA-MINT (872-6468), while hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT. Information about shipping options is available at https://www.catalog.usmint.gov/customer-service/shipping.html.

There is no household order limit for this product. Customer demand will determine the number of coins minted.

American Silver Eagle Finishes, Compared

Over the years, the Mint has issued ASE coins in an array of finishes. In addition to the basic bullion finish, there have been five numismatic treatments: Uncirculated; Proof (mirrored field, frosted devices); Reverse Proof (frosted field, mirrored devices); Burnished (frosted, but with a depth of reflective luster); and Enhanced Uncirculated (with three finishes, one mirrored and two in different degrees of frostiness; this one is sometimes incorrectly called “Enhanced Proof”). The photos at the top of the foregoing press release are official U.S. Mint photos of the 2017 ASE Proof coin—but because the fields reflect a white background, it’s impossible to detect any mirrored quality.

To supplement the press release, I went hunting for a photo that more clearly depicts the Proof quality of a silver Eagle. Doing so reminded me how incredibly difficult it is to capture these distinctions with a camera—which in turn made me think it would be helpful to have accurate images that can be referred to, as needed, for future posts. I sifted through scores of APMEX product pages to find them, and even there, it was often hard to see any difference between, say, bullion and Uncirculated. The results are arranged as a group below, and then added individually for closer study. It will be interesting to know how the finishes shown here compare with readers’ experiences.

ASE-finishes-compared

At center is a 2016 bullion strike (no mintmark). Clockwise from the top, the dates, mintmarks, and finishes are as follows: Reverse Proof (2011-P), Enhanced Uncirculated (2013-W), Uncirculated (2011-S), Burnished (2006-W), and Proof (2011-W). (Photos courtesy of Mint News Blog sponsor APMEX)

Proof (2011-W).

Proof (2011-W).

Reverse Proof (2011-P).

Reverse Proof (2011-P).

 

Enhanced Proof (2013-W).

Enhanced Uncirculated (2013-W).

Bullion (2016).

Bullion (2016).

Uncirculated (2011-S).

Uncirculated (2011-S).

Burnished (2006-W).

Burnished (2006-W).


Press release comprising the first half of this post courtesy of the United States Mint.


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Comments

  1. JARHEADnFLORIDA says

    @ Gary, I agree with you. Same old design, just another date with ever increasing prices.

  2. Brad says

    I’d forgotten how big the date on these used to be. Compare the size of the date on the 2006 coin to the others. It’s noticeably smaller now.

  3. Dean says

    To my untrained eye the images for the Bullion, Burnished and Uncirculated coins don’t match the description.

    Especially the 2006 coin, which looks like a Bullion coin to me.

  4. cagcrisp says

    Lady Bird Johnson Proof

    12 items in Stock

    Flying off the shelf

    Get ’em while they’re Not…

  5. cagcrisp says

    $2.50 and $5.00 Indian Head. One my Top 5 favorite designs.

    In no particular order:

    $2.50 Indian Head
    Buffalo Head Gold
    St Gauden
    Walking Liberty
    Civil War Gold

    (Anything that has a -cc on it…)

  6. says

    As Ernesto said last Thursday:

    “@cagcrisp what does all of that have to do with the story? Lol sorry but I think your comments should go with a different story.”

    on topic, I concur with ‘gary’ and ‘JARHEADnFLORIDA’!

    For argument sake, is the Boys Town $1 really that bad compared to this old and tired excuse for shiny bullion?! That’s what I like about the modern commemorative silver, at least you get a different design with every issue (and consistency w/ traditional silver dollar specifications). Anyone have a Boys Town $1 in hand yet?

  7. David says

    I agree, $54 for $17 bullion value is a bit much. A $37 mark up is too rich for my blood.

  8. Barry says

    A Morgan dollar random year for less than $ 42.00. Take your pick. I’ll take the Morgan dollar. Thank you.

  9. John Q. Coinage says

    I used to get so fired up…Now there are decades & decades of these coins, time for a NEW design. Add in the price is well over 3x spot & it’s a heck of a deal. Paaladium coins 1oz w/spot @ $800 will run you $1,000 no market for that……effigy mounds could be for coin collecting in like 2025….

  10. Jerry Diekmann says

    I agree that it is WAY PAST TIME to change the tired old unattractive reverse design – maybe replace it with Weinman’s original reverse which was 1000% better. Mercanti had some good designs and some really poor designs. This was NOT one of the good designs.

  11. Barry says

    @ofd- I didn’t buy the Boys Town but, I did buy the Lion’s Club proof. I like the unique design with the lions and was satisfied with the quality. The last silver commem I bought was the BHOF silver dollar.

  12. cagcrisp says

    The aforementioned Proof ASE for Years has been Either the #1 or #2 selling US Mint numismatic product.

    Year in. Year out.

    There will be 700k+ sold @ $53.95.

    Just like the Bullion ASE is the Number #1 selling Silver coin in the World.

    The Silver Krugerrand will sell 1 million coins and the Bullion ASE should sell ~ 30 million coins…

  13. Dustyroads says

    Last years edge lettering ASE proof was the first one I have ever bought, other than the 2011 which came in the set. To me, 7 to 900,000 is just too many coins. But, for the people who only buy the ASE proof each year, I’m sure they serve their purpose.

    ofd, Please be kopesthetic. No ill wishing here.

  14. Donald says

    Mint News Blog,
    I believe the 2013 Enhanced ASE is an uncirculated version rather than a proof one.

  15. FSBR says

    @one fine dime

    I received my Boys Town $1 proof today and was pleasantly surprised. It presents much better in hand, especially the detail of the tree on the reverse.

  16. KEITHSTER says

    Picked up a few of the BoysTown $1 they were to be here last friday? Liked the little girl starring at the sky & leaves and wondering? Seem’s they got waylaid in a snowstorm but will be in the mailbox by noon tomorrow. Also seem’s wrong that if they don.t sell enough= no surcharge money as we are charged for it so give it up as you are using their names on it? Would be like taking your donations to the casino and either or? As we are hoping for low #’s what chance do these Boys have ? Did manage to pick up some rolls of the mounds but it was not as easy as before! Also seems the mint update on the quarters was a glitch last year even though I like it it did try to bite me last year”> Well Good Luck All Year All “>”>”>”>”>

  17. So Krates says

    Bullion = Uncirculated = Burnished

    The only reason they appear differently above is because they are different dates. Same year versions appear identical except for the mintmark.

    A quick look at an album of bullion ASEs will show a wide variation of finishes, e.g., 1987-89 are almost PL while 08-10 have a satin finish.

  18. data dave says

    @cagcrisp – 700K proof ASEs sold? Not happening.

    2014 – 944.8K
    2015 – 707.5K
    2016 – 627.3K
    2017 – 550K ??

    To steal you favorite word – dismal. Don’t have time to run the numbers right now but it looks like the falloff is steeper than the FS gold and ATB puck series that you love to bash. Of course they will sell to the long time buyers that want to keep their collection going, but I agree that the price is a little steep for just another eagle with a date change.

  19. cagcrisp says

    @data dave,

    Through sales w/e 03/12/17 the 2016 Proof ASE stands at 545,604…

    …However…Sales didn’t start until 09/16/16…

    …SO…That is Not even 6 months of sales and the 2017 will be on sale for a Full 12 months.

    Proof ASE’s are Dismal investment vehicles but they are very popular with birthday gifts and graduation gifts and I expect that sales for 2016 were prorated down because so many of those occasions were missed Because of the late start in the year.

    Every year I buy Proof ASE’s for birthday gifts and graduation gifts. 2016 I did not because of the above mentioned Late start…

  20. cagcrisp says

    Concerning the Proof 2016 ASE…

    I am SHOCKED that sales for the Proof 2016 ASE are as HIGH as they are…. Considering…

    For me, Sales of 2016 were Not Dismal but were Exceptional…Considering…

  21. Scott says

    Way the hell overpriced and a tired design. It’s time for something new, but please no P.C. B.S.

  22. Goat says

    I made it back ?
    How about this one Jerry D. , three doctors and $350,000 + in a few months, (wow if we could make money that quick) might set me back for awhile. I don’t know how many 2012 silver proof sets that is but I think I am way short. Still penny searching hope this all goes away with one cent. I have the same passion for coins, they can’t take that away.

    @ Dustyroads , on the shield penny that are double dies, I thought I read somewhere that the shield was only struck once, when being made. The penny get caught for a second strike ?

    @ Xena, Thank You . Let us know about the quarter launch. Live thru your eyes. Wished I had done one in my home state, but was not mobile at the time.

    Remember one has to purchase new coins to be in the game, but the key is when does one purchase.

    Thanks to all for prayers and thoughts !

  23. Mr. Kairu says

    Seems a bunch of people are tired of the ASE design.. I disagree personally and also think many others would since it is still the most sold/popular silver bullion in the world. That being said, I only want one of each finish for a tiny “type” set. Still need the reverse proof and a burnished. Will get them eventually!

  24. Goat says

    @ cagcrisp
    Higher premiums on coins in the future to make up for the loss of series ? If volume is down year end statement won’t look as bad. The 2016 ASE is a one off, must have and mintage done in a increase price market . Jan 29 @ $14.74 to Dec. 24 @ $17.21

  25. says

    Some of you all that bought heavily into the 2015 Silver Proof Set due to its new low standing may want to unload quickly…

  26. says

    Not a pump, Just a FYI –

    Silver Proof Sets

    Old
    Sales Latest
    Sales Gain/
    Loss %
    Increase
    2016 Silver Proof Sets 365,357 366,030 673 0.18%
    2015 Silver Proof Sets* 387,314 387,314 – –
    2014 Silver Proof Sets* 429,493 429,493 – –

  27. says

    The High Dollar 2012 set was around 395,000, if I recall correctly.

    The 2016 Silver Proof Set has been on sale for 11 months.

    11 months seems like a short duration for a pending Sell Out, my perception anyway

  28. Donald says

    I’m surprised that none of you picked up on the 2013 enhanced ASE in the nice photos accompanying this thread. The 2013 enhanced ASE was an uncirculated version not a proof one.

  29. Erik H says

    The only reason I bought a proof ASE last year was because of the edge lettering. I don’t need a proof ASE every year unless every year comes with a new reverse like other country’s minted coins. The law governing ASE’s could be changed to allow for rotating reverse’s on the Proof but I know there are other priorities in this world.

  30. says

    You’re welcone John,

    So for here on out, I guess we’re back to a 2 sleeve Silver set as there will not be the Presidential’s nor any replacement in work.

    I wonder if the ’16 Set will be viewed favorably in due time, just curious

  31. Donald says

    The only reason I DIDN’T pick up a 2016 ASE was because of the funky edge lettering, which was not needed other than to perpetuate the Mint’s fascination with odd anniversaries.

  32. Donald says

    No 2016 proof ASE countdown needed, as there will remain multitudes for sale on eBay. And there is a good chance that many will sell below issue price. Just wait it out if you are desirous of one.

  33. data dave says

    Thanks KCSO, I couldn’t help but buy a couple more. Sudden sell out should spike price at least temporarily.

  34. data dave says

    Let’s see if the Mint resets the 2016 Silver Proof Set counter when it hits zero.

  35. Sith says

    Thank you KCSO. It is now currently listed as unavailable. The mint should make another batch, but even so this might be the new low.

  36. Old Big Bird says

    @KCSO – your sales number on the 2012 is pretty good it posted in at 395,443.

    2013 at 419,720

    Your 2014, 2015 and 2016 numbers are spot on. So will the 2016 go on a price hike like 2012 did?

  37. says

    @FSBR –
    Good to hear about the Boys Town $1. I like that oak tree design a lot and hope to pick up an UNC version soon. The NPS coins should have showcased trees (forests) more in my opinion, so maybe this will make up for it.

  38. Dustyroads says

    Interesting CCAC meeting today. Civil War designs were not met with much enthusiasm. Kareem Abdul Jabbar was late, but had something to add. Attention eventually turned to the upcoming Palladium coin with everyone except for one member liking the design. I wasn’t able to hear the one members name, but he said “Adolf Weinman is dead, lets get over it, but, whatever Congress does will be fine”. One thing which was mentioned in the meeting was that the proposed Civil War coins will be sold along with medals in a set and cost a little over a hundred dollars. All of which will be silver. Our friend Dennis Thomas, member of the CCAC spoke up about the designs and had sharp criticism of them. One other member actually suggested the Mint scrap the designs and find something new while there is still time.

  39. says

    2016 Silver Proof Sets sales of 19 March: 366,408

    So add 200 to 300 of sales to account for Monday and today.

    So if it is truly SO, then it’ll most likely be 20,000 under the 2015 Set,
    and ~ 28,000+ under the 2012

  40. says

    Old Big Bird, thanks for the double check.

    I don’t know, I’m very adept at calling this stuff 6 to 12 months out.., I suck in calling the secondary market.., so I just flip a coin and see where it lays 😉

  41. Dustyroads says

    That was a short run for the 2016 16RH SPS if it is in deed SO. I won’t be surprised either way though. Silver sells have been down across the board. It is what it is!

  42. says

    Animal Crackers Puck – 14,716
    + 353

    Cag is AWOL.., so I’ll say it for him.., Dismal, Dismal, Dismal!

    Actually 354 for this puck isn’t bad.., it just has a loonnngggg way to 18,000+, with ALOT of competition coming.

  43. cagcrisp says

    Dismal Magnified. A NEW All time Low in the making on Both Golds…

    17CA 2017 BOYS TOWN GOLD PROOF 945 +138
    17CB 2017 BOYS TOWN GOLD UNC 1,202 +148
    17CC 2017 BOYS TOWN SILVER PROOF 12,138 + 3,094
    17CD 2017 BOYS TOWN SILVER UNC 6,121 + 1,162
    17CE 2017 BOYS TOWN CLAD PROOF 10,839 + 1,775
    17CF 2017 BOYS TOWN CLAD UNC 11,137 +1,107
    17CG 2017 BOYS TOWN 3-COIN SET 3,629 + 506

  44. cagcrisp says

    Let’s keep the Dismal sales continuing…(for the Unc Silver)…

    17CH 2017 LIONS CLUBS SILVER PROOF 53,666 + 1,952
    17CJ 2017 LIONS CLUBS SILVER UNC 14,591 + 271

  45. cagcrisp says

    16EA 2016 AM EAGLE SILVER PROOF 1 OZ 550,054 + 4,450

    16EB 2016 AM EAGLE GOLD PROOF 1 OZ 23,470 + 21
    16EC 2016 AM EAGLE GOLD PROOF 1/2 OZ 5,659 + 9
    16EF 2016 AM EAGLE GOLD PROOF 4-COIN SET 17,218 (18

    16EG 2016 AM EAGLE SILVER UNC 1 OZ 187,364 + 3,449

  46. cagcrisp says

    Some Really Bad y/y Sales…

    17EB 2017 AM EAGLE GOLD PROOF 1 OZ 3,524 +222
    17EC 2017 AM EAGLE GOLD PROOF 1/2 OZ 730 + 63
    17ED 2017 AM EAGLE GOLD PROOF 1/4 OZ 934 + 90
    17EE 2017 AM EAGLE GOLD PROOF 1/10 OZ 4,942 +1,172
    17EF 2017 AM EAGLE GOLD PROOF 4-COIN SET 6,047 + 689

  47. cagcrisp says

    Two items that Should have Sold Out on Day #1 continue on…Sad…Sad…Sad…

    16XA 2016 WALKING LIBERTY 24K GOLD .5OZ 61,910 + 160
    16XB 2016 MERCURY DIME 24K GOLD .1OZ 124,885 –
    16XC 2016 STANDING LIBERTY 24K GOLD .25OZ 88,795 + 136

  48. cagcrisp says

    We saved the Worst for Last..

    JQ1 2015 FS GOLD PROOF 1/2 OZ – TRUMAN 2,624 +3
    JQ2 2015 FS GOLD UNC 1/2 OZ – TRUMAN 1,851 + 6
    JQ4 2015 FS GOLD UNC 1/2 OZ – EISENHWR 1,969 +14
    JQ6 2015 FS GOLD UNC 1/2 OZ – KENNEDY 6,598 + 6
    JQ7 2015 FS GOLD PROOF 1/2 OZ – JOHNSON 2,641 +2
    JQ8 2015 FS GOLD UNC 1/2 OZ – JOHNSON 1,754 +5

    16SA 2016 FS GOLD PROOF 1/2 OZ – NIXON 2,492 (6)
    16SB 2016 FS GOLD UNC 1/2 OZ – NIXON 1,580 +4
    16SC 2016 FS GOLD PROOF 1/2 OZ – FORD 2,291 (5)
    16SD 2016 FS GOLD UNC 1/2 OZ – FORD 1,579 + 14
    16SE 2016 FS GOLD PROOF 1/2 OZ – REAGAN 3,389 +3
    16SF 2016 FS GOLD UNC 1/2 OZ – REAGAN 1,833 +4

  49. Dustyroads says

    Is this something we need to be concerned about?

    Dow 20,668.01 -237.85 -1.14%
    S&P 500 2,344.02 -29.45 -1.24%
    Nasdaq 5,793.83 -107.70 -1.83%

  50. Erik H says

    Barry says
    MARCH 20, 2017 AT 7:38 PM

    “A Morgan dollar random year for less than $ 42.00. Take your pick. I’ll take the Morgan dollar. ”

    Collecting ASEs are often described as the modern version of collecting Morgans. However Morgans were actually used as money & as of now ASEs are not. 100 years from now (unless lots of ASEs are melted) they will still be plentiful and the youngest Morgan (1921) will still be 65+ years older than the oldest ASE. So might as well get the Morgan.

  51. cagcrisp says

    I Thought Sales of the 2016 Proof ASE continued Strong

    Considering this is 2017 and We have a New coin coming out this week

    There are Currently 271 items on the Sales report…And…the 2016 Proof ASE was the #1 Seller for the week

    16EA 2016 AM EAGLE SILVER PROOF 1 OZ 550,054 +4,450

  52. Dustyroads says

    Taking a look at gains and a loss today–

    Gold +0.82%
    Silver +0.81%
    Platinum -0.10%
    Palladium +0.64

  53. John says

    If the 2016 silver proof sets are sold out, I would still consider 2015 to be lower because there were no limited edition silver proof sets issued in 2015. The total number of silver dimes and halves is lower in 2015. Personally I don’t give respect to “labels” on slabs regarding pedigree such as what set coin is from. Still from same coin press and blanks.

    2015 387,315

    2016 402, 729 (364,728 + 38,001) last numbers I looked up, probably higher now.

    Opinions?

  54. cagcrisp says

    @Dustyroads, ” Our friend Dennis Thomas, member of the CCAC spoke up about the designs and had sharp criticism of them.”

    Did you mean “Our friend Dennis Tucker?”…

  55. Mint News Blog says

    A thank-you to those who noted the incorrect “Enhanced Proof” nomenclature! The text and captions have been corrected. — Diana

  56. gary says

    @Dustyroads… you mentioned Civil War coins in your earlier post. What Are they and what year will they be issued? Thanks.

  57. Donald says

    Mint News Blog.
    You’re welcome. The 2013 enhanced uncirculated ASE received much praise from collectors. Many collectors actually favored it over the proof ASE, which was the other coin in the two piece set. It was beautifully executed.

  58. Donald says

    Actually, the ASE reverse proof was the other coin in the two piece set. But collectors were certainly enamored with the enhanced ASE.

  59. cagcrisp says

    @John, No opinion on your post…

    …However the Current numbers you are Looking at are:

    366,408 for the 2016 Silver Proof Set

    38,870 for the Limited Edition Silver Proof Set

  60. Dustyroads says

    Gary, Thanks for bringing that up, I should probably stop posting for a while and clear my head.

    No, there are no new Civil War coins, only WW1 coins and medals.

    MNB, May it be a good time to add an “edit” button for me?!

  61. Datadave says

    John. I agree with your logic. The question is whether people will break the sets up.

  62. John says

    @cagcrisp, thank you for the updated #’s on silver proof sets. Along the same train of thought, 2015 silver proof set #’s are lower in 2015 than 2012 if you add in limited edition silver proof sets to the total. All of the coins in recent silver proof sets are found in other sets except for the 10c and 50c so the logical attraction to the silver proof sets is to obtain these two coins. Whoever said coin collecting is logical? But… the percentage of dimes and halves that are submitted to PCGS/ NGC that get a 70 grade is fewer for 2012 than 2015/ 2016.

    2012 440,395 (395,443 + 44,952)

    2015 387,315 (no limited ed)

    2016 405,278 (366,408 + 38,870)

  63. Barry says

    @John- I remember a TV coin show selling slabbed 2012 proof ASE’s with a label indicating it was from the LESPS and verbally stated there were only 50k made. They didn’t mention the ASE was also issued for individual sale . Someone new to the hobby could have easily gotten the wrong impression about mintage and find the whole truth later.

  64. John says

    @Barry, Yea those kind of tactics of burning people are what keep so many out of the hobby. There is a learning curve and it can be an expensive one. Those folks give the hobby a bad name and they are after a quick buck and are not concerned for the longevity of the hobby or whether or not their customers turn a profit down the road. The electroplated pieces of junk on TV commercials and the off-site storage of IRA precious metals that probably don’t or won’t exist are not my favorite parts of the hobby either. I feel sorry for honest dealers that regularly have people coming to them to sell coins and have to tell them they got ripped off.

  65. Brad says

    98 of the 2016 Silver Proof Sets are back in stock this morning if anyone missed them yesterday.

  66. David says

    Just a few things, I don’t know the purpose of producing bullion coins in a proof finish. Bullion is bullion and I will not pay a $40 premium for it.

    I don’t understand the need for getting bullion coins slabbed. These coins are circulated so they are all gonna be decent for the most part,

    I think the US Mint needs more flexibility for minting additional silver bullion coins series’ besides the ASE. Other countries have multiple issues in that area.

  67. earthling says

    Hey i just took a look at those 206 Silver Proof Sets – there’s now 4 Sets showing. What sort of selling game is going on with the Mint? Are they now batching 100 at a time?

    Good strategy. 😉

  68. Brad says

    Earthling,

    My guess is today’s 2016 Silver Proof Sets will be all there is. That’s what happened with the 16AA 2016 ATB Uncirculated Quarter Set a while back. It was unavailable on one day, there were a small quantity available the next day, and after those were gone the item was changed to “sold out” status either the next day or the day after. Surprisingly, it didn’t linger in “currently unavailable” status like many products do. We’ll see if this is a repeat of that. I guess it depends on how many of today’s sales are cancelled or declined.

  69. says

    data dave – Thanks!

    I’ve been waiting for some more 2 oz releases among the Privateers, Egyptians, and American Monuments and it just seems as if they either ceased all production of the series or dropped the ball in favor of those 1oz sci fi and foreign God & goddess stuff.

    ‘They’ being Provident

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