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Boy Scout Sellout Nearer, but Not Yet
April 07, 2010
By Dave
If you missed the opening of sales for the new Boy Scout silver dollar commemoratives March 23, you still have time to order what you would like, but it is best you don’t delay further.
The latest weekly numbers show that the Mint has sold 266,517 of the coins through April 6. Sales during the prior week rose by 51,844. With a ceiling of 350,000 coins, that leaves the Mint 83,483 coins left to sell.
If sales follow the usual pattern, the coins will stay available for roughly another two weeks.
Should the eBay posse decide that a sellout is assured and a stampede ensues, the sellout point can be just days away.
If you are simply a collector who wants to put the new coins in your collection, it is best to get your order in and don’t worry about which day the sellout might occur.
There are some people who watch sales figures for weeks or months on end, depending on the program, and then decide at the last minute to buy – I assume they believe they will make a profit, or at least own something desirable.
Sometimes they miss the deadline. Then they complain to me.
Sitting on the fence can have consequences. If you want the coins, buy them.
Scout Dollar Supply Low
| By Numismatic News April 08, 2010 |
Just 83,483 Boy Scout commemorative silver dollars remained in Mint hands as of April 4 and a sellout looked increasingly likely.
Even so, the pace of orders slackened after the first hectic days saw sales surpass the 200,000 mark in less than a week following the March 23 program opening.
In the seven days to April 4, the Mint sold 51,844 coins. Of these, 35,244 were proofs and 16,600 were uncirculated.
So far collectors have purchased 179,976 proofs and 86,541 uncirculateds.
Maximum mintage of the two categories combined is 350,000, according to the program’s authorizing legislation.
In contrast, sales of the American Veterans Disabled for Life silver dollars stand at 130,996 proofs and 57,066 uncirculateds even though the coins have been on sale one month longer.
The mintage ceiling for the Vets dollar is identical to that of the Boy Scouts at 350,000.
Previewing 2010 Boy Scouts Silver Dollar Coins
By Coin Update Staff on February 17th, 2010
Categories: US Coins, United States Mint
This year the United States Mint will issue 2010 Boy Scouts of America Centennial Silver Dollars in commemoration of the 100th anniversary of the founding of the organization. The coins are currently scheduled for release on March 23, 2010.
The commemorative coin program was proposed under H.R. 5872: Boy Scouts of America Centennial Commemorative Coin Act. The bill was introduced by Rep. Peter Sessions of Texas on April 22, 2008. The bill was passed by the House on May 15, 2008, passed by the Senate on September 27, 2008, and signed into law by the President on October 8, 2008, becoming Public Law No: 110-363.
The designs for the 2010 Boy Scouts Silver Dollars were unveiled by the United States Mint on December 17, 2008. The obverse (heads side) of the coin features an image of a Cub Scout, Boy Scout, and female Venturer saluting. The inscription “Continuing the Journey” is included, along with the anniversary dates of the organization “1910″ and “2010″. The reverse (tails side) of the coin features the Boy Scouts of America universal emblem. Inscriptions include “Boy Scouts of America” and the Scout motto “Be Prepared”.
The obverse of the coin was designed by United States Mint Artistic Infusion Program Master Designer Donna Weaver and engraved by United States Mint Sculptor-Engraver Charles Vickers. The reverse was engraved by United States Mint Sculptor-Engraver Jim Licaretz.
The coins are struck in a composition of 90% silver and 10% copper. Each coin has a weight of 26.73 grams and a diameter of 1.5 inches.
The 2010 Boy Scouts Centennial Silver Dollars will be minted in proof and uncirculated versions with a maximum mintage of 350,000 coins across all product options. These coins will be available directly from the United States Mint with sales currently scheduled to begin on March 23, 2010 at 12:00 Noon ET.
Introductory pricing of $33.95 for uncirculated coins and $39.95 for proof coins will be available from March 23, 2010 to April 22, 2010. After this period, regular pricing of $35.95 for uncirculated coins and $43.95 for proof coins will become effective. In general, commemorative coins remain available for sale until the maximum authorized mintage has been sold or a pre-announced date, typically in mid-December.
