One Ounce 2025-W ASE Uncirculated(burnished) Coin - Product Limit 'only' 90,000 - on Sale May 20
Goldbully
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2024 - PL: None
2023 - PL: None
2022 - PL: 160,000
2021 - PL: 327,440
What are you thoughts on this 2025-W Unc ASE Mint issue?
3
Comments
Pass
"Inspiration exists, but it has to find you working" Pablo Picasso
Product limit is all about the packaging. The mintage limit is unlimited
I guess the packaging vendor is disappointed this year.
At 90k, the 2025 Unc will be a lower mintage than several semi-keys, such as the 2011-S Unc at nearly 100k, just to name one. It will not be available in another product package, so this is it?
The 2024 Unc has sold 94k, but has 55k still sitting on the shelves.
So, the 2025 Unc is prime for some flipper hype that will highlight the lowest Unc mintage to date?
4-8 week sellout. However the $91 + shipping is a tough pill to swallow, so maybe not?
Ryder must be back as a consultant to Bessent behind the scenes lol. Let the USM shake-up begin!
W unc are unloved but for ase complete collectors
you really have to check past years' sales to know if we've bottomed or if we're in a slow slide down
91 bucks. pass. i work at dairy queen. cant afford a splurge
They are saying that just to cover themselves, in case something comes up. Which would have been a nice thing for them to have done last year with the Flowing Hair products, and might actually be the reason they are doing it now. But the Product Limit lines up with what they sold last year, and the S mint proof is the one that will be going in the Prestige set, so there is nothing else right now that a W uncirculated will be part of.
Still not sure this is worth it at 3x spot, but it's not a crazy terrible deal based on the value of other items with similar mintages, such as last year's FH silver medal. I get that was a one-off and this is part of a series, and that was 50K while this is 90K. But the series thing cuts both ways, and this is a coin while that was a medal.
Bottom line -- with this mintage (err, Product Limit), this might actually be worth a significant premium to spot. Just look at what the 500K bullion coins with the privy marks sell for. I'm not sure what the right number is for organic demand. But, if they find it and produce a little below it, this could be a winner at 3x spot.
I have one of these on subscription, same as last year.
U.S. MINT PRESS RELEASE
2025 American Eagle One Ounce Silver Uncirculated Coin Available on May 20
WASHINGTON – The United States Mint (Mint) 2025 American Eagle One Ounce Silver Uncirculated Coin produced at the Mint’s West Point facility will be released on May 20 at noon ET, with orders limited to 10 coins per household for the first 24 hours of sales.
The American Eagle Silver Uncirculated Coin is the collector version of the official United States Mint American Eagle Silver Bullion Coin. Produced since 1986, this coin was updated in 2021 with a refreshed obverse (heads) and a completely redesigned reverse (tails) to mark the 35th anniversary of the American Eagle Coin Program.
Like its bullion counterpart, the obverse of the American Eagle Silver Uncirculated Coin features sculptor Adolph A. Weinman's full-length figure of Liberty in stride, enveloped in folds of the flag, with her right hand extended and branches of laurel and oak in her left hand. Using technological advancements, the coin has been redesigned to encompass some of Weinman’s original details, including the addition of his traditional artist mark. Inscriptions are “LIBERTY,” “IN GOD WE TRUST,” and “2025.”
To provide an added level of security, the redesigned American Eagle Silver Coin also includes a reed pattern variation. The Mint benchmarked its efforts against anti-counterfeiting programs implemented by major mints around the world.
The reverse was created by United States Mint Artistic Infusion Program Designer Emily Damstra and sculpted by United States Mint Medallic Artist Michael Gaudioso. The design depicts an eagle as it approaches a landing, carrying an oak branch, as if to add it to a nest. Inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1 OZ. FINE SILVER,” and “ONE DOLLAR.”
The 2025 American Eagle One Ounce Silver Uncirculated Coin (W) is priced at $91.
To set up a “Remind Me” alert, please visit https://www.usmint.gov/american-eagle-2025-one-ounce-silver-uncirculated-coin-25EG.html/ (product code 25EG).
The American Eagle Silver Uncirculated Coin is also available for purchase through the Mint’s Subscription Program. Structured like a magazine subscription, this program affords customers the convenience of signing up to receive automatic shipments of products in a series. The shipments continue until the enrollment is cancelled. For details, visit https://www.usmint.gov/shop/subscriptions/.
The American Eagle One Ounce Silver Uncirculated Coin is included in the Numismatic Bulk Purchase Program and the Authorized Bulk Purchase Program (ABPP). Products listed in the ABPP will be eligible for early release, carry an AB suffix in the product code, and carry a premium. Early released products are not eligible for discounts.
Visit https://www.usmint.gov/shop for additional United States Mint products.
Please visit https://www.usmint.gov/ as your primary source of the most current information on product and service status or call 1-800-USA-MINT (872-6468) seven days a week from 8 a.m. to 9 p.m. ET. Hearing and speech impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468) Monday through Friday, 8:30 a.m. to 5 p.m. ET. From outside the United States, customers can call 001-202-898-6468 Monday through Friday, 8:30 a.m. to 5 p.m. ET.
Note: To ensure that all members of the public have fair and equal access to United States Mint products, the United States Mint will not accept and will not honor orders placed prior to the official on-sale date and time of May 20, 2025, at noon EDT.
The American Eagle Silver Uncirculated Coin is also available from the Mint’s sales centers at the Philadelphia Mint, 151 N. Independence Mall East, Philadelphia, PA 19106 (on 5th Street between Arch Street and Race Street) Monday through Saturday, 9 a.m. to 4:30 p.m. ET; at the Denver Mint, 320 West Colfax Avenue, Denver, CO 80204 (on Cherokee Street, between West Colfax Avenue and West 14th Avenue) Monday through Thursday, 8 a.m. to 4:30 p.m. MT; and from the United States Mint Headquarters Coin Store in Washington, D.C.; 801 9th St., NW; Washington, DC 20220 Monday through Friday, 10 a.m. to 4 p.m. ET.
All they have to do is call it a privy west point mintmark and voila... instant modern Mint collectible.
From Mint image library.........
At that price I'll buy cull 90% instead.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
The mint appears to be adjusting their mintages based on prior year's sales. For instance, for Proof Gold Buffalo is that there are only 2433 left in inventory which with the sales in the last report show 2661 add up to 5094 which probably means they didn't mint the full limit (14000) (but obviously still can make more). I imagine they predict weak sales due to the high price. If you look at platinum eagle proof $100 sales and inventory for 2025 doing similar math it seems they minted around 6500 (ML/PL: 9000) because in 2024 they seem to have minted about 9400 and have a ton left in inventory (4096).
http://ProofCollection.Net
"only 90,000?" LOL
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Yeah. "Only 90K." Not sure what's so funny here.
They sold 230 of something last year for $25K+ each, and people's heads exploded. We know that similar items with a mintage of "only 30K" sell for well in excess of $1,000 each. We also know that 500K bullion ASEs with a privy made for a video game company are resold by the Authorized Purchasers for significant premiums to spot. In fact, at prices close to this, even though they do not receive a special finish or handling, do not come in special packaging, and have a mintage 5X as large.
So $91 for a burnished ASE with a mintage of "only 90K" is probably about right. If they offered them for $50, they'd sell out instantly and be good for a double on eBay. All they are doing is capturing the market premium for themselves.
They will likely all sell at $91, even if they are not a great flip. Because they are "only" making 90K, rather than 150K, or 250K.
the word "only" is funny. Especially when it precedes 90K.
W is an annual release, privy mark is not.
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Like all of these low mintage scams, there is little true rarity, but since valuation is in the eye of the beholder, the bidding wars will drive prices up as collectors who have nothing better to do flip them. The people who are burned are usually the hoarders. Coins will eventually be sold at an estate sale for next to nothing. Thats the place to buy them. (if the owner bothered to label it as "low mintage".) Remember low mintage does not equal collectability, or else the coins from Barbados would be valuable.
Also - RE privy marks... really?? is that worth collecting? Who are you going to sell them too in 5 years? There are some really rare old specimens that need some love. For example collecting old Lincolns, which they aren't making them anymore after this year. supposedly . And then there are the underappreciated nickels and dimes soon to go the way of the penny.
Deleted - Just re-read the entire thread, and someone else had already made the point I posted.
not flippable
If you collect the series, here is your burnished Eagle of the year. The burnished ones will total 18 this year, started in 2006, minted every year except 2009 and 2010. They do have a matte finish and a W mintmark. They are getting a little pricey, but these days what isn't? Will we see a day when we say, "Only 91.00? Why didn't you buy more?"
Those of us who collect classic coins have to laugh. Any 19th century coin with 90,000 survivors would considered dirt common. If this issue has any market legs in the short term, they will be gone in several years.
The availability is what makes modern Mint merch appealing to some.
Its pretty simple, just wait for the next year, order from the Mint or a wholesaler and add to your set.
Mint may not sell out but they will sell a chunk of that release.
Very pricey silver bullion.
Okay, but everything is relative. "Only" might be funny if usual mintages are 75K or less, but "only" truly does mean "only" if similar items have mintages of 150K or more, such as the Morgan and Peace Dollars. In the context of proof ASE ASEs being in the hundreds of thousands, other burnished ASEs all being over 100K, and bullion ASEs all being over 500K, 90K is indeed "only."
Demand counts as much as supply
[Not that I bother with ASE's]
another beanie baby?
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Most collectors only want 1. That leaves about 70,000 to float around eBay, WhatNot, instagram and TikTok for many moons to come.
I use myself as a barometer for some of these issues.
I recognize that there are things that I don't collect that others do, and I respect that. But the Silver Eagle series was tailor-made for someone like me, and although I did in fact try to keep up for a while, I lost interest long ago due to the gratuitous and needless variations and the cost.
I'm sure some people will buy these but a large part of the potential market was left behind years ago.
It's another widget, not expensive by recent standards but not cheap either for 1oz of silver.
Maybe. But you could say that about anything the Mint produces specifically for collectors. History suggests demand is a little more stable than that for Beanie Babies.
And yet, they will likely sell 90K, and 70K will not be floating around the internet "for many moons to come."
A few hundred, or even a few thousand, will indeed find their way to the internet. Not because the Mint couldn't have directed them to their final destination at $91 without any help, but because many enterprising individuals will insist on inserting themselves into the supply chain because they think they see a flip at $91.
As with pretty much all such items, they will quickly find their ultimate homes, at whatever level the market sets. The vast majority of a 90K mintage will not be floating around, unwanted and unloved, "for many moons to come."
If that was the case, they'd sit in the Mint's warehouse, like the 2024 Morgan and Peace Dollars that were vastly overproduced. The flippers generally know what they are doing. So do collectors. More so than the Mint in many cases.
Rest assured, though, that there are actually far more than 20K burnished ASE collectors in the world, and many folks like to sock away more than one of anything that is not priced in the thousands if there seems to be value. Clearly that's not you with these. Doesn't mean there won't be a robust for 90K of them at $91.
I hear you, but they didn't leave behind anything years ago. They milked the market, and made a ton of money in so doing. Losing people like you along the way means nothing to them, given what they made in the process. And what they continue to make with all the new variations, at the prices they now charge.
Yes. The Mint makes widgets. Everything they make for collectors is a widget.
Turns out, there is a huge market for widgets. Far larger than the market companies like Legend curates for collections for.
So what? Not cheap for 1 oz of silver. Not expensive for a perfect or near perfect coin with a mintage of 90K. A widget, given that it is easily obtainable by anyone who wants one.
I don't think anyone seriously thinks otherwise. Doesn't mean it's not worth collecting, or that people should feel ashamed for enjoying it.
Because just about every 150+ year old treasure today was also a widget when it was first produced. Depending on what happens to the price of gold and silver in the next 100 or so years, so much of what is produced today might be destroyed in the future that what is left will be no more a widget, than anything you think is not a widget from the 1800s today.
Demand counts more than supply. Something could be unique, but if no one wants it, the price is low. The crazy 1995-W ASE has a mintage of 30,000, and still selling for big bucks, much to my surprise.
Yes, I know. My point is the mintage isn't low. It's not substantially different versus numerous others.
And your point is well taken. The simple fact is that nothing has to be "substantially different versus numerous others" to have value.
As others have pointed out, demand is as important to the equation as supply. As most of us will agree, everything modern is a widget, unless they are only going to make 230 or 1794 to create an artificial rarity.
A 30K mintage ASE with a $1K secondary market value is also a "widget" since there are 30K of them. Does that mean you wouldn't have wanted as many as you could get your hands on when they were released in 2019 at $66 each?
What matters is mintage relative to organic demand. If they get it right, and mint a little below organic demand, you have a winner. So my point is that, based on prior years' sales and demand for things like the bullion ASEs with privy marks, 90K at $91 actually feels about right, so I think these will be winners. Widgets or otherwise.
And while I think you’re closer than I with respect to collectors of the silver eagles, the “W” Burnished specimens have been widely available for many moons with hundreds of them past issues still searching for a home. A random search for “W” Burnished Eagles :
Yes, but my inference is that a lot of NCLT buying is due to the "low" mintage", not because the buyer really likes it that much as a collectible. It's firstly or entirely bought for financial reasons, and I'm not even claiming the buyer doesn't like it. I read these sentiments all the time on this forum. This thread is one of them, discussing the mintage and practically or entirely ignoring what the coin is as a collectible
If that's the primary reason its bought by a substantial percentage of the buyers, what does that say about it as a collectible and its future price prospects?
I think we know the answer, whether the design and series are "popular" or not.
Too many coins in the same series with "low" mintages dilutes the appeal. That's what seems to have happened with "burnished" ASE. It was a novelty initially and now it's "So what?"
I don't think ASE or US NCLT are competing with most other coinage directly because the buyer profile seems to be totally different. Still, I don't think most who are buying it completely ignore all similarly priced alternatives. That's what I think those two books on US modern NCLT discussed here years ago got so wrong.
While the Mint has had its share of criticism from the forum members over the years, I believe the lower mintage is a positive step in creating more ASE collectors. Not to mention, bringing back those ASE collectors who simply stopped buying whether it was the high price relative to silver spot, or those astronomical mintages. At least it's a step in the right direction. JMO.
Kudos to the Mint.
Sure. Over 100K are made each year. It's a hobby, and the hobby attracts businesses and individuals servicing it.
As @WCC pointed out, they are widgets. They will always be available.
Doesn't mean they don't have value, or that there is no market for them. Or that the majority of the market is just people flipping them to each other.
And this is where we disagree. People like most of what the Mint produces. Other than when they do something like make 1794 of a 1 oz medal for $100, or 30K of an ASE for $66, do people chase it expecting to get rich.
Otherwise, at least just speaking for myself, people are just looking for value. Which means price relative to supply relative to demand relative to intrinsic value. Which doesn't automatically mean 1 oz of silver at $91 is garbage.
People love Morgan and Peace Dollars. They sold out in 2021, and spiked in value, because they were underpriced relative to supply relative to demand. The Mint then slightly lowered the price and increased supply in 2023, creating another sellout, but just barely, with little to no secondary market price movement.
Didn't matter to the Mint, which raised prices beyond what they charged in 2021, since silver went up in price, although nowhere near the intrinsic value of the coins, and again increased mintage. The Mint then learned a lesson in the elasticity of demand for these, as sales fell off a cliff.
Which means what? Not that we won't pay $100 for an ounce of silver. Just that we won't pay $100 for an ounce of silver when 6 varieties are offered for sale on a annual basis, with mintages ranging from 265-400K. Price relative to supply relative to demand relative to intrinsic value.
Again, I don't need to get rich, but I'm just looking not to flush money down a toilet, and want a reasonable expectation that what I buy will hold its value. I know what happens with these at a mintage of 30K. I also know what happens at 400K. There is a number where they will hold their value long term at around $100. Something between 30-100K. If not 90K, maybe 75K. Or 60K. We'll see.
I'm not claiming they don't like it. I don't believe anyone buys hardly anything they don't really want at least somewhat as a collectible, certainly ASEs. (Well, maybe First Spouse. I believe this series is almost entirely bought due to the mintage. My inference is that hobbyist interest in this series approaches zero.)
This is part of my point. Collectors of NCLT seem to or do have a lower tolerance for losing money on their purchase. This sentiment is inferred in these threads regularly too. Yes, it's loss aversion which exists with collectors who don't treat their purchases as a hobby expense, but I also attribute this perception to what the coin is as a collectible and no, I'm not calling it "garbage".
Collectors of circulating coinage have loss aversion too, but there are many coins no one can collect if this is a priority. I'm not trying to lose money on my collection, but I could never collect my primary interest (an 18th century Spanish colonial series) if it was that important to me, and I've got an "investment" in it that is "material" to most collectors. When I buy one of these coins, I'm substantially operating "in the dark" since there isn't an established market for it. It's not a "one way" market, but it's not like I really have a good indication of what it might sell for later, soon or not.
Huh? The 2023 Morgan/Peace proofs did not sell out. In fact I will bet they are stuck with 100K plus.
Too much speculation in your post IMO. Also too many iterations of the ASE. Enough! They will ruin the values long term and along with that collectability/interest.
With all due respect, I believe you are thinking about 2024, not 2023. It is now 2025. 2023 did well. Not gangbusters, but well. 2024s are the ones that sat, and continue to sit, because they jacked up the prices and didn't reduce mintages.
OK well they still have both 23 and 24 no limit.
Lots of opinions! Is anyone buying? I’m in for 2. Not sure why but feel compelled for some unknown reason! They will remain in the original packaging on a shelf for years I suspect.
Actually, no. The only 2023s they have are the proofs. Which I see upon taking another look is what you were referring to.
They had by far the highest mintages, and I think came pretty close to selling out at the time. What's left are probably mostly returns.
While you can clearly buy as many as they have left, they are labeled "Limited," so saying "no limit" is a little misleading. I promise you they have far fewer than 100K+ remaining.
You can look at a recent sales report to get the actual figures -- 362,528 for the 2023 Morgan and 327,561 for the Peace. Undoubtedly, many of the remaining unsold coins were damaged and are not available for sale, since even "sell outs" rarely if ever have the entire maximum mintage reported as sold on the sales report.
So, yeah, they "did well. Not gangbusters, but well." Just like I said. Four out of six varieties completely sold out, even if just barely, plus what we see for the proofs. Like I said, it's the 2024s that sat, with more than 100K unsold in most flavors, after they got greedy and jacked up the price.
I'm in for a few. I like the burnished look over the proof ASE, not to mention the tiny mintage!!😂
Time for the mint to make another reverse of 2007 ASE. HSN already selling the 2025 for $280. I guess they got 2000 of them already.
Box of 20