Latest Mint Stats from Coin News.net...2023-W Proof Silver Eagle Starts at 420,199 and much more.

Goldbully

US Mint Sales: 2023-W Proof Silver Eagle Starts at 420,199
By
Mike Unser -
March 7, 2023

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Early United States Mint sales figures are in for the 2023-W Proof American Silver Eagle.

he 2023-W Proof American Silver Eagle.

Released March 2 in three options, by itself, in 40-coin packs for authorized bulk buyers, and as a part of the 2023 Congratulations Set, the 1-ounce silver coin reached combined sales of 420,199, marking a sizable 37.7% drop from last year’s coin which logged early reported sales of 673,987.

In breaking down the numbers by product, sales through March 5 for the 2023-W Proof Silver Eagle include:

335,209 coins for the standalone option (product code 23EA),
50,200 coins for the 40-coin bulk option (23EA040) with 1,255 units sold, and
34,790 coins as a part of the Congratulations Set (product code 23RF).

Elsewhere, last week’s sales report included the first showing for the recently released 2023-W Proof American Platinum Eagle. Its four-day opening total was reported at 9,620 coins. Flash forward a week from that start and its sales moved in a bad way — reconciled down to 5331 coins, for a staggering decline of 44.6%.

U.S. Mint Top Sellers

Here’s the listing of the U.S. Mint’s most popular numismatic products for the week ending March 5:

2023-W Proof Silver Eagle (+335,209)
2023 Congratulations Set (+34,790)
2022 Mint Set (+1,314 to 224,971)
2023-W Proof Silver Eagle (40 Bulk) (+1,255)
2022-P American Liberty Silver Medal (+682 to 65,778)
2022-W Uncirculated Silver Eagle (+669 to 159,533)
2022 Limited Edition Silver Proof Set (+645 to 42,772)
2022 Silver Proof Set (+525 to 239,048)
2021 Mint Set (+359 to 220,493)
2022 Proof Set (+323 to 399,306)

Continued in link with lots more stats......https://www.coinnews.net/2023/03/07/us-mint-sales-2023-w-proof-silver-eagle-starts-at-420199/

cheezhed

I'd love to see mint sales lowered enough to get some downward pressure on premiums and/or prices.

NJCoin

@cheezhed said:
I'd love to see mint sales lowered enough to get some downward pressure on premiums and/or prices.

I honestly don't think that's realistic. They've made a calculated decision to sacrifice volume in order to make more per unit. My bet would be that significantly lower sales will result in even higher prices. The only good news is that significantly lower mintages might support higher secondary market values.

ricko

Sales figures look pretty good... and, I believe a large percentage of sales (I have no evidence of this) may be attributed to new or relatively new collectors - which is what many here hope for, to ensure the health/future of the hobby. Cheers, RickO