2010 Silver Eagles
The 2010 Silver Eagles coins will be available in two different forms. There is the American Eagle Silver Proof coins and the American Eagle Silver uncirculated coins. This is mandated by Public law 99-61 that requires the US Mint to produce these coins in sufficient quantities to fill the need and demand of the American public.
Unfortunately, the popularity of the Silver Eagle coins has overwhelmed the ability of the US Mint and the availability of silver bullion blanks. This was the reason there were no 2009 Silver Eagle coins produced of any version, proofs or uncirculated. The last Silver Eagle coins that were produced and available for purchase were part of the 2008 United States Mint Annual Uncirculated Dollar Coin Set that is priced at $37.95. The official web page for this product claims orders for this set will no longer be accepted after August 7, 2008, but they are still listed as being available. This is the only way to purchase a Silver Eagle coin. Both the individual proofs and uncirculated coins are being listed as sold out.
Since the US Mint has already broken the law that mandates them to produce this coin in 2009, they might do the same for 2010. The US Mint claims they will start producing these coins as soon as sufficient silver bullion blanks are accumulated to meet the current demand for all three Silver Eagle coin products.
For those into coin collecting, this could mean there might not be any again this year. I wonder how the mint is judging what the demand is if they are not offering any 2010 Silver Eagles for sale. Once again, too much bureaucracy when it comes to dealing with the US Government.
Tags: Coin Collecting, investing, money, silver coins, silver eagle, US Mint
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