2017 w Burnished Silver Eagles - SOLD OUT AT THE MINT - Lowest Mintage Regular Issue Silver Eagle
goldman86
Posts: 508 ✭✭✭
Guys,
I was talking with the US Mint and I believe the 2017 w $1 Burnished Silver Eagle will likely change to sold out very shortly. Based on their most recent sales report (5/28/18) the mint had sold 174,773 coins. I believe this coin will have a final mintage of roughly 176,500, which would make it the rarest REGULAR issue of silver eagle series.
Sure the 1995 W Proof Silver eagle from the 10th anniversary set, the 2011 Reverse Proof and 2011 S from the 25th Anniversary set would have a lower mintage, but the 2017 w $1 would a better mintage than any other coin in the series.
If I am correct, I think this coin could get hot in the near future. Its already been all over the TV stations Lately.
Can someone chime in if there is something I am missing?
Fyi- the 2018 burnished silver eagle has already sold 90K coins, so the 2017 may be the king for more than just one year.
Comments
Link please.
i have a subscription for three burnished ase's evety year, just got my 2018's the other day
Since most of the US mint issues get filled on the first day. Most are filled on either subscription or by FDI dealer buys. If you look at all of the issues the trend is the same. But if it was on TV you must be on to something
. But I will keep my eyes open, if your right, I have some unopened FDI that will be worth a little.
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Precious Metal Products 17EG 2017 AM EAGLE SILVER UNC 1 OZ 176568 06/03/2018
Precious Metal Products 18EG 2018 AM EAGLE SILVER UNC 1 OZ 95462 06/03/2018
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Precious Metal Products 16EG 2016 AM EAGLE SILVER UNC 1 OZ 216422 01/01/2018
Precious Metal Products 17EG 2017 AM EAGLE SILVER UNC 1 OZ 139610 01/01/2018
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I don't know how to link things
https://www.usmint.gov/about/production-sales-figures/cumulative-sales
they just updated that sales as of 6/3/18 are 176,568. I called and talked to them and the person at the mint said they didn't think they would be going back on sale
https://catalog.usmint.gov/american-eagle-2017-one-ounce-silver-uncirculated-coin-17EG.html
they are currently unavailable
I think they are going to sold out and will be an interesting story
http://mintnewsblog.com/u-s-mint-sales-report-week-ending-may-27-2018/
According to Mint News Blog they sold almost 22,200 pieces in the week ending on May 27
There was a big push when the 2018s went on sale to close out the 2017s
Thanks.
I don't know if I ordered one of these. If I did not, then I will wish I had.,
But...an alternate perspective... These were on sale for at least a year or more, so if that's all they sold, that's all people wanted. It was not lile it has a small ordering window and sold out quickly. Now, if demand exceeds the mintage, then values rise. But, what if it turns out that the SE market is becoming oversaturated? We now have 4 different SEs annually, don't we? (Two proofs, and bullon and burnished uncs). At what point do people just stop caring? (The fact that I may not have ordered one may be a sign that I am already at that tipping point).
178,000 of something that was made yesterday and no one wants , Its not rare. The whole concept of key days with modern dreck is nonsense.
Ask anyone who sat on a pile of 2006 burnished eagles because it was the key, then again in what 2011? Ask those guys how they like the 2017's
If you buy 2017 version expect it to crater in 2022 or 2023
What about the guys that bought the 2017 Burnished Gold Eagles at mint issue price of $1600 ... those are worth a pretty penny right now.
A coin has to be modern before it can become vintage.
Okay and some ask do you think the 2017 palladiums are a good deal with a mintage of 15,000 what do you think. 176,500 or 15,000k you tell me what is a better buy. In collecting the best deal is always the lowest minted in gold, silver, plat, palladium, copper, nickel and even clad. So even this one at 176K is a bit much there will be plenty to go around. Now if it was 50K I'm in till then I'll sit back and watch. But that's just me dumb Type2 thinking.
Hoard the keys.
The lowest mintage coin is a big deal until it is no longer the lowest mintage, Look at modern commems. I started chasing the new lowest mintage coins, but thankfully only clad and silver and not gold, so I was not in too deep. I gave up on that when almost every new issue set a new low.
I personally would prefer the 176,500 in a long established series that is testing its low water mark than the brand new series that sold 15K in its first year. Only time will tell who is right. That being said, i believe there will be enough interest to support the coin with a much lower price point.
in 5 years you are going to have to emulate your avatar and run around doing good deeds for everyone you convince to buy a burnished ASE
LOL...I'm not saying hold the coin for 5 years. Buy the coin and hold for 6 months and re access at that time!
I said to buy the 2017 burnished gold and 2017 proof buffalo and those seem to have worked quite nicely for anyone who bought them and want to get out of them now!
You know most of the time this is all a gamble, It's hard to know what can happen in any year. I like things that are tougher to come by not every one has and if there is a limited amount it works out most of the time in the short term and long term. it's in every thing we buy in life the less that is around the better it is for a investment. Land, Cars, houses, food, gas, water, coins you name it the list can go on forever.
Hoard the keys.
I just seen they had the Congratulations set 2017-S, but is now SOLD OUT. I dont think I bought any and I cant remember why I did not? Does anybody out there know why I did not stock up on them?
I see the Mint sold them for $54.00 each and there getting $250.00 to $300.00 each on Ebay. I could of bought 50 of them and flipped them I guess I missed it.
@goldman86 I can appreciate your thinking on this and you have done your due diligence. You may be correct and it may be a winner but for myself I have had mixed results. I bought them starting in 2006 and have paper profits from 2006 and 2012. Other years are break even or small losses. The mint kept raising their prices and so after 2013 I quit buying them. No loss, none of the W mint eagles have done well since then.
In 2016 I thought I also saw a real opportunity. The mint didn't offer the burnished 2016-W coins until December. With such a small window I thought this could be a super low mintage. It also is the 30th anniversary coin and some of the 20th and 25th anniversary coins did pretty well. It also had the reeding removed and was inscribed with 30th Anniversary on the edge. I thought this could be a winner, so I purchased 25 of them.
What I did not know was that the mint would continue selling them right through 2017 and into the first quarter of 2018. So, even though this is a unique anniversary coin and with the edge inscription, it turned out to be my biggest loser. I bought them from the mint for about $45. Today they wholesale for $30.
Since I have been into these coins since 2006 and I have followed them closely, I have the following two observations. First, collectors do not value them. I have tried selling them with little success. Buyers want them for bullion and no more. It seems that collectors are happy to put away one each year into their albums and don't care at all about adding the W coins. With the large number of actual collectors of American Silver Eagles the prices for the W coins should be much higher. In this case, low supply does not mean higher prices without the higher demand.
Second, the mint has grossly overpriced them. In May of 2006 the spot price of silver was $16.24 and the 2006-W coin was priced at $21.95. Today the spot price of silver is $16.71 and the mint is selling the 2018-W for $46.95 and was selling the 2017-W for $44.95. It does not cost the mint any more to sell a W mint marked eagle than it does the bullion coin except for the little blue boxes and capsule. This is a $25 coin and that price would be in line with what they started at. If you could buy them for $25, you might have a winner but in my opinion, at $45 the mint has already taken any possible profit on these coins.
Not sure about the $30.00 but here is one selling bullion at $58.75
https://www.ebay.com/itm/2016W-American-Silver-Eagle-Burnished-w-box-COA-edge-lettering/323072762437?hash=item4b38a32245:g:mcYAAOSw~4tagwk5
MS69 graded Not 1 graded one under $49.99 and this one is graded MS69
https://www.ebay.com/itm/2016-W-BURNISHED-SILVER-EAGLE-PCGS-SP69-FREE-SHIPPING/332668545676?hash=item4d74972a8c:g:vVUAAOSwOMlat~jX
MS70 Any of the graded 70's are selling no less than $120.00 or higher
2016-W $1 American Silver Eagle SP70 PCGS Burnished First Strike Lettered Edge
https://www.ebay.com/itm/2016-W-1-American-Silver-Eagle-SP70-PCGS-Burnished-First-Strike-Lettered-Edge/123177133174?hash=item1cadede476:g:wgMAAOSw7kVbGFhS
Not sure if they are selling but thats what I see out there for sale right now. https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2055119.m570.l1311.R1.TR12.TRC2.A0.H0.X2016+BURN.TRS0.TSS0&_nkw=2016+burnished+silver+eagle&_sacat=0
I own a-bunch of these all graded at 70, Proofs and Burnished, they are not for sale but market still looks good. I am not at all disappointed about my purchases. But then again I did not buy them to flip they stay with me until my last days. I will let my girl or grand daughter, or maybe great grand daughter (if I live that long ), sell them off when I am gone.
I will tell her to come here to ask how to sell them cause I know you all here will help cause I trust you ALL will do the right thing.
Never mind that Dr Evil one meellllion dollars stuff , link us to completed listings
Here you go still going strong. Mine are all PCGS First Strikes only way to go but the NGC's are doing well too.
https://www.ebay.com/sch/i.html?_nkw=2016W+American+Silver+Eagle+Burnished&_in_kw=1&_ex_kw=&_sacat=0&LH_Complete=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=15&_stpos=99611-7539&_sargn=-1&saslc=1&_salic=1&_sop=12&_dmd=1&_ipg=200&_fosrp=1
48 dollars for a 50 dollar coin means its a turkey. So the ones with koolaid sprinkled on them sell for more but they cost more so what am I missing?
Thank you for the heads up.... I picked up 10 of them today for a decent price. We will see if we get some upward movement.
Here is something I was looking and this guy claims that the 2016-W $1 American Silver Eagle Burnished had a total mintage of 57,028. If that's true much lower than the 2017's of 174.773 right? Or am I looking at this wrong?
Here is the guys link
https://www.ebay.com/itm/2016-W-1-American-Silver-Eagle-SP70-PCGS-Burnished-First-Strike-Lettered-Edge/123177133174?_trkparms=aid=111001&algo=REC.SEED&ao=1&asc=20160727114228&meid=b37d4513b15c41d1817a4372befb470f&pid=100290&rk=2&rkt=4&sd=401535396474&itm=123177133174&_trksid=p2060778.c100290.m3507
Not sure what he is talking about
http://www.coinnews.net/2018/02/08/us-mint-sales-wwi-medals-silver-eagles-and-boys-town-coins-decline/
He is just wrong, looking for a gullible buyer.
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Okay thank you I guess that is very dirty advertising but I appreciate your fast response. I was not going to buy any just caught my eye on the figure. Thank you
I have bought ASE in all of the mint's offerings until 2016. (Even had 1995 W, but sorry to say I sold it in early 1996 for a profit of $1000's less than the price today.) I can't see keeping the subscription and paying 45.00 + and getting immediate wholesale offering for 30 bucks or so. In the older issues I can hopefully make enough to come close to cover the losses I would take on the later issues. One way or the other I am ending my collecting of this series. Maybe before I get rid of them silver will show a significant increase to bail me out.
If the lowest-mintage Lincoln cent (2017-S enhanced uncirculated) can be obtained for less than $20, I don't see a bright future for the 2017-W burnished Silver Eagle. The demand just isn't there.
My Adolph A. Weinman signature
I believe the cat is out of the bag if the tv marketers are selling them jmo
I think this would have been a lot more interesting to more people 10 or 20 years ago. As above, this type of news is a bit "ho-hummer" unfortunately.
Well, just Love coins, period.
I like the ASE's, but stopped subscribing years ago when they skipped a year. I have purchased the occasional one for gifts and I believe I did get the anniversary set. They are way overpriced and unless silver melt goes way up, the quantities will never see premiums sufficient to recoup the investment. Yes, the occasional sale on ebay will get attention, and the hyped/labeled slab coins will make some money. I will continue to enjoy my '95W though...
As the TRUE key date in the series. Cheers, RickO
I don't buy much from the mint anymore, after getting burned several times. I was lucky and sold all my silver proof sets at a profit when silver was over 40 dollars per ounce
Good for you were your proof coins raw? So I guess my question is if you sell I take it your buying other coin's correct? And to sell means you did not want to risk your value in the future. But what do you do with the money you made selling?
I have alot of graded silver dollars that I want to keep and not sell. I guess I will take that risk that they will be worth some value and I hope everything I bought will hold its value. I do have a well established Ebay account so I could sell it all there over time but it would lots of work too.
So if you do not buy from the mint are you then buying from dealer's? Ebay? Just wondering what one does after they sell off their hard fought after coin's they spent more than likely years collecting.
For example I still buy from the mint but only select few. I have ventured off into Civil War era Tokens, DC coins, So called dollars and now some 18th century English coins. With that also I have bought alot of good books to help me as time goes on I can now study as I am buying. TYIA
the silver proof sets were in original packaging, so yes they were raw. common date silver dollars are not going to do much in the future, if i was you i would sell some of the Morgans and collect higher end Morgans like MS-66 pl or dmpl or MS-67 pl or dmpl if you don't have any in this grade yet, they will appreciate. i have been buying mainly pre-33 gold for the past 20 years. if you go in this direction, don't buy the raw gold coins, buy graded in the ms-63 area
2017w Burnished Silver Eagles officially sold out at the mint.
https://catalog.usmint.gov/american-eagle-2017-one-ounce-silver-uncirculated-coin-17EG.html?cgid=silver-coins#start=1
176,565 is the mintage on the last sales report.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales
First regular issue silver eagle with a mintage under 200k... this coin is going to be a monster.
Can you compare the 2017 with the last 5 years of total mintage on the same coin the Burnished Silver Eagle?
I know your here rooting for the 2017 which I own but I was hoping you could go 1 step further and compare this for us. I would be very thank full to you. Thank you or TYIA Glug
Also thank you for posting the 2017 links.
2011 - 409,766
2012 - 226,120
2013 - 221,981
2014 - 253,169
2015 - 223,879
2016 - 216,501
2017 - 176,565
This list goes up to 2015 for all Silver Eagles:
http://silvereagleguide.com/mintages/
Thank you for posting the numbers and the link, you learn something new every day! I remember seeing that Silver Eagle . com but always wondered why they never updated their numbers. Must of ran out of money or the owner never bothered to update.
Well I am glad I bought some of the 2017 though I did not want to buy any in 2018. Except for the S-P mint marks and special versions which 2 are coming out later. I will be saving my money as I am tapped out!
Thanks Goldman for the tip. I am in your court as a long-time SAE fan.
For those that missed out, plenty here for $44.95 each yet. "Cheaper" than the Mint.
https://www.ebay.com/itm/2017-W-BURNISHED-AMERICAN-SILVER-EAGLE-ONE-OUNCE-UNCIRCULATED-COIN/112461393819?ssPageName=STRK:MEBIDX:IT&_trksid=p2057872.m2749.l2649
Thanks for the link.
Don't quote me on that.
Whaaaaaaaat Cheaper than the Mint?
What gives? Dang someone has some splainin to do at the MINT! 
I want my money back so I can buy them!!!!! But then I don't want to be labeled as a Indian Giver! I will keep them I guess. Was that racist for saying that?
I would think those are rejects. I'd rather have the fresh coins!
I see your temporary low mintage interest and raise you further sales declines in future years.
low mintage is low mintage. They'd have to be some dog rejects...
Kramer "Its like a tax write off Jerry"
Jerry "Do you even know what a tax write off is"
For the ebay guy to sell them for $10 less than the mint he must be paying spot for them from someone. So I think they are worth spot plus 2
Maybe the Ebayer seller is not aware the Mint sold out. So should I let him know so he can adjust his price to better reflect this coin is now sold out?
if he hasn't sold out, then his prices are above true market prices. (decided via regular auctions)