This year’s proof Silver Eagle with its anniversary edge lettering is drawing stronger sales. Orders for the 2016-W American Eagle Silver Proof Coin reached 322,317 pieces in three days, according to the latest United States Mint figures.
That stands taller than reported starts from other recent years, as underscored in the following table:
| Year of Issue | Initial Issue Price | Debut Sales |
|---|---|---|
| 2016 | $53.95 | 322,317 in 3 Days |
| 2015 | $48.95 | 262,377 in 3 Days |
| 2014 | $52.95 or $47.65 with subscription | 307,378 in 4 Days |
| 2013 | $62.95 | 258,860. in 4 Days |
| 2012 | $59.95 | 299,539 in 5 Days |
| 2011 | $59.95 | 367,623 in 6 Days |
| 2010 | $45.95 | 273,212 in 3 Days |
| 2009 | N/A | Not Issued |
| 2008 | $31.95 | 185,232 in 4 Days |
Priced at $53.95, this year’s proof did open at $5 more than the 2015-dated coin. Actually, its starting price is higher than any issue since 2013. But as the table above and the one further below illustrates, the Silver Eagle’s cost is not necessarily tied to its early and final success.
1986 – 2016 Proof American Silver Eagle Sales
Listed in the two following tables are last reported U.S. Mint sales of all regular (standard) annually issued proof American Silver Eagles. A year’s proof is available individually and may be within other products, like Congratulations Sets. Each total below includes combined sales of all options.
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*Sales of 2015-W Proof Silver Eagles ended earlier than usual. In addition and another reason for its overall lower total, there was one less product with the coin since the 2015 Limited Edition Silver Proof Set was never released.
The U.S. Mint’s online page for American Eagle products is located here. This collector coin may also be ordered by calling 1-800-USA-MINT (872-6468). It has no mintage or ordering limits.
Below are some larger photos of the anniversary coin.
Later, this year’s proof Silver Eagle will be in companion U.S. Mint products to include the 2016 Congratulations Set, the 2016 Limited Edition Silver Proof Set, and 2016 Ronald Reagan Coin & Currency Set.
Solid looking coin this year!
They only sold about 60,000 more of these special 30th anniversary 1-year type edge-lettered coins in the first 3 days than the first 3 sales days of last year. I am shocked that the saies are so low, especially considering dealers order in bulk the first day & these are unlimited mintage & no household limit. Go figure!
-NumisDudeTX
I ordered 2 coins 1201 pm on the 16th in transit also purchased a pf70 ngc 86.77 on eBay for delivery 2nd week in October..idk just like the coin this year.
Just because the cost didn’t seem to influence the number of sales in the first days didn’t mean they had to stop offering a 10% discount to people with subscriptions. I’m just sayin’.
re: …since the 2015 Limited Edition Silver Proof Set was never released.
And likely the congratulations set won’t make it out the door this year because as time goes on the relevance of a congratulations set gets less and less; except for really old old-timers I suppose, a congratulations set is relevant because they made it through another year.
Beautiful coin design.
jim – The US Mint offers a 5 percent discount to coin dealers enrolled in their bulk purchase program for 10 different product lines, including the First Spouse gold coins! They only have to agree to purchase $5,000 of one product to qualify. But, the Mint doesn’t offer this same discount to a collector or investor or stacker or flipper who wants to make a $5,000 purchase. So much for fairness & a monopoly given to numismatic dealers by our government. The funny thing is that these dealers in the program would buy the same amount of coins without the… Read more »
$5,000 purchase lol what a gong show agreement. Canadian bullion dealers have to sign a multi million dollar agreement to sell RCM bullion to the consumer. Highly collectible RCM proof coins are made at such a low mintage that dealers cannot purchase them all…makes for high quality investment coins exceeding $5,000 a piece. I feel for you all.
Mouse
Mouse –
It is kind of funny in a strange way with the U.S. Mint as the largest Mint in the world & especially since the USA is the richest & most powerful country in world history. But, the RCM & Perth Mint Australia give the US Mint very good competition for sure! RCM & PMA coins are very high quality & low mintage.
Happy collecting!
-NumisDudeTX
Would both types of collectors be satisfied if the same coin is minted at a high limit at one location and a low limit at a different location? The mint mark would define a low and high quantity coin. The collectors that are into low mintage limits can by that specific mintage mark. Collectors that don’t care about quantity and just want the coin can by the high quantity one.
T
Will the initial price change if Silver continues to rise? I know they make weekly adjustments to gold products but cant recall if they do the same for silver products.
Roxie60 –
The U.S. Mint has a weekly pricing grid for all gold & platinum coins, but does NOT have any pricing grid for silver coins or products containing silver. They can change the price of silver coins at any time. They play the silver market & have a room full of 1,000 oz bars at the West Point Mint purchased well below current spot price on average. Most of the profit the Mint makes each year on its numismatic program coins (not bullion version coins sold only to the 13 worldwide APs) is from silver coins.
-NumisDudeTX
There will be no error coins in this issue I think the US Mint is really checking the coins before ship out sad to say.
Yeah, silver coins is where the mint hides all its sins, mistakes, screw-ups and what not. It’s where they make a profit from gold and platinum they bought at a higher price than what they have to sell it at according to the pricing grid.
This year’s Proof Silver Eagle will go down as one of the top sellers for sure. That will give the graded coins lower prices after a while.
received 2 coins today Sept 22nd the rims look fat out of shape.. the rim where 30th anniversary is skinny then widens out a lot to the point coins are hard to remove from capsule. idk
Dale –
Why would you remove a pristine Proof coin from its capsule? Unless you are taking a photograph of it, you are risking getting natural oils from your hand on it which will cause nasty dark toning or fingerprints. Hopefully, you used lint-free cotton gloves to inspect them.
-NumisDudeTX
Jim, I get the proof every year sent to me by there auto program and I never recived a 10% discount! I paid the same the mint has advertised now.. Am I missing something? $53.95 plus $4.95 shipping…
Hi Seth,
I had my cotton gloves on to inspect coins as i do with any i own..mine will ever be sent to ngc as I’m just a coin collector. the eagles will be passed on to the family when I’m gone. thxs, Dale
Dale –
It is a very nice act for you to plan to pass down a coin collection to family members for sure. I too will pass my collection down to my four nephews when I am gone.
Happy collecting Dale!
-NumisDudeTX
Nels –
I keep a spreadsheet record of my coins. In 2014 (but only 2014) proof silver eagle unit price was $52.95, extended price was $47.65 + $4.95 S&H. 10% discount was applied to all subscriptions proof, unc, one, or many, except coin roll subscriptions that year. I didn’t do anything special to make that happen, it was automatic. IMHO they should be doing this all along as an incentive. In this case the discount ($5.30) covered the S&H, something else I recommend they suspend for subscriptions.
i just got the one 2016 Silver Proof Eagle that I ordered in the mail today. Sure enough, there was debris inside the capsule. I debated on sending it back but since the trash rolled around inside the capsule I just opened it and used canned air to get rid of it.
It almost looks like the incused lettering is not stamped in the center and is running off the edge. You really can’t tell by looking at it in the capsule as the lettering is really hard to see.
I don’t know why they even bothered.
PS. The debris seemed to be fluffy white plastic and is probably “flashing” from the plastic capsule. I wonder how many folks will get coins with this same type of debris if it’s like I suspect and from the capsule?
I want to know the mintage of the 2016 Proof Silver Eagle, I know there were 150,000 in the Ronald Reagan Coin and Chronicles set, but what is the total mintage?
Look for the star beside the coin in Mike Unser’s US Mint sales article listing all the coins. That’s how you’ll know the mint has stopped sales of the coin and the total mintage should remain steady thereafter.
Thank you for the reply, sorry it took so long to get back.
The 2016 proof CONGRATULATIONS SET only has, 5,966 coins then the mint stopped, as of now 6/29/17 they are going for big time bucks$$$ on ebay !! a few GRAND !!! for the PF70’s , glad I have a couple, lol
It doesn’t make sense why someone would pay $2,600 for a 2016 silver eagle congratulations set graded coin. I don’t see why the words “congratulations set” on the holder are worth an extra $2,500.00? Obviously, people are not “buying the coin and not the holder” in this case.
I’m a fan of the 2016 ASE Proof and I have a few of them which is more than any other year for me because of the lettered edge. Personally, the fact the coin was in the congrats set wouldn’t have any extra value.