Silver Coin Information
The United States Mint began accepting orders for the 2010 American Silver Eagle from authorized purchasers on January 19, 2010. This represented a late start for the popular silver bullion coins, but this has not kept sales from maintaining a record pace through the end of the first quarter.
In late November or early December of each year, the US Mint generally begins production of American Silver Eagle bullion coins bearing the following year’s date. Near the end of 2009, a surge in demand for Silver Eagles forced the US Mint to halt production of the 2010-dated coins in order to produce additional 2009-dated coins. The US Mint did not resume production of 2010 Silver Eagles until January 2010. The delayed production resulted in a delayed release for the coins. Usually authorized purchasers can order the newly dated coins in late December for delivery in early January.
Despite the late start, the Mint sold more than 3 million ounces of silver during January 2010. Through the end of the first quarter of 2010, the sales total reached 9,023,500 ounces, which put the pace of sales above the record levels established in the prior year. As evidence of even greater demand, the US Mint continues to sell the 2010 Silver Eagles under an allocation program, which rations amount of coins that each authorized purchaser can obtain.
The heavy demand for the bullion version of the coin has implications for the planned 2010 Proof Silver Eagle and 2010-W Uncirculated Silver Eagle. The US Mint cannot produce these collectible versions of the coin if they are not meeting the full public demand for the bullion coins. The proof and uncirculated versions of the coin were canceled in the previous year. Strong doubts remain for this year’s offerings.
Designer: Adolph A. Weinman (obverse), John Mercanti (reverse)
Mint Mark: none (bullion)
Weight: 31.101 grams (1.000 ounces)
Composition: 99.93% silver, 0.07% copper
Diameter: 40.6 mm (1.598 inches)
Thickness: 2.98 mm (0.117 inches)
More Information: Silver Eagles