The latest sales figures for the 2010 Boy Scouts of America Centennial Silver Dollar are now available. The strong opening figures have followed by a sharp decline in the pace of sales for the second week of release
In the week ended April 4, 2010, the US Mint sold an additional 35,244 proof coins and 16,600 uncirculated coins. The latest week's combined sales of 51,844 added to the opening week's sales of 214,673 brings the overall total to 266,517. This now represents 76.1% of the 350,00 maximum authorized mintage.
With newly released US Mint products, the pace of sales tends to decline somewhat rapidly during the first several weeks of availability, unless some external factor sparks renewed demand. For example, the weekly sales recorded for each of the first four weeks of sales for the American Veterans Disabled for Life Silver Dollar were 98,358 in the debut week, followed by 33,476, then 22,102, and finally 12,432 by the fourth week.
If the pace of sales for the Boy Scouts Silver Dollars follows a similar trajectory, the coins may remain available at the US Mint for at least a few more weeks.
The end of introductory pricing is also on the horizon for the Boy Scouts coins. After April 21, 2010 at 5:00 PM ET, regular pricing will go into effect. The price of the proof coin will increase by $4 to $43.95, and the price of the unicrculated coin will increase by $2 to $35.95.
Find the full weekly US Mint sales report on Coin Update News.
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