Two weeks after being pulled from sale by the U.S. Mint for
repricing, the Proof 2011-W American Eagle silver dollar was returned
to the product catalog at a price lower than when the coin was first
offered in June.
The U.S. Mint also returned four formerly suspended sets to its
offerings list and resumed sales of the Uncirculated 2011-W American
Eagle silver dollar and the Uncirculated 2010-P Mount Hood National
Forest and Uncirculated 2011-P Gettysburg National Military Park
5-ounce silver coins.
Sales of the various products were suspended Sept. 26.
Price of Proof dollar falls $9.50
The Proof 2011-W American Eagle silver dollar was placed back on
sale Oct. 7 at $58.95, a price that was $1 less than when the coin was
first offered for sale June 30 and $9.50 cheaper than its price when
sales were suspended Sept. 26. Sales of the coin were previously
suspended at the original $59.95 price Aug. 24 and resumed five days
later at $68.45, a 14.1 percent increase.
The spot price of silver was just over $35 an ounce on June 30. By
Aug. 29, the price had risen to just under $41 an ounce. At the time
of the Oct. 7 repricing, the spot price of silver was just below $32
per troy ounce.
Sales of the Uncirculated 2011-W American Eagle silver dollar
began Sept. 15 at $60.45 per coin, and the price remained at that
level until sales were suspended Sept. 26. When sales resumed Oct. 7,
the price was $50.95, lower by $9.50.
The Mount Hood and Gettysburg 5-ounce coins offered under the
America the Beautiful Quarters Program were offered at $279.95 when
sales were suspended Sept. 26 for repricing. Both of the coins were
returned to sale at $229.95, $50 below their original issue price.
Mint maintains Proof set pricing
Also suspended for repricing Sept. 26 were the 2010-S and 2011-S
Silver Proof sets and America the Beautiful Silver Quarters Proof
sets, all of which were returned to sale Oct. 5 at the same price they
were when sales were suspended, according to U.S. Mint spokesman
Michael White Oct. 5.
The 2011-S Silver Proof set is being offered at $67.95; the 2010-S
Silver Proof set is priced at $64.95.
The 2011-S America the Beautiful Silver Quarters Proof set is
being offered at $41.95 per set; the 2010-S America the Beautiful
Silver Quarters Proof set is priced at $39.95. Both sets contain five
coins each. ■