Each Set includes:
American Eagle Silver Uncirculated Coin - mint mark: "W" (West Point)
American Eagle Silver Proof Coin - mint mark: "W" (West Point)
American Eagle Silver Reverse Proof Coin - mint mark: "P" (Philadelphia)
American Eagle Silver Bullion Coin - no mint mark
American Eagle Silver Uncirculated Coin "S" (San Francisco)
To the casual observer its obvious that this set is an attractive special issue with low mintages but that isn’t even close to being the sole consideration that makes the members of the set exceptional. There are plenty of rare coins in US Mint history with incredibly low mintages that never mature into the price range that similar mintage coins achieve that are part of a large and popular series. Coins are great in the context of the set over which they exercise dominance and in the last 50 years it’s hard to imagine a set with better fundamentals than the Silver Eagles.
•The total number of Silver Eagles is huge and growing at a phenomenal rate. Over 300 million of them have been issued and at current production levels will surpass the Morgan Dollars 380 million surviving population soon. Enormous numbers of good-looking high silver content dollars in the hands of the public creates much-needed exposure and gets new collectors started at little cost.
•Into this sea of coins the Mint began dropping special issue dollars with mintages that look like rounding errors on the common dates’ mintage listings. Series that mature well have the tendency to have high total populations interspersed with scarce issues that give the series numismatic flare. This staggering of the mintage chart was exceptionally acute in 2011 when the generic mint state issue was struck in quantities 400 times that of the 2011-S.
•The Silver Eagle series is blessed with a high degree of finish variation, which includes proof, reverse proof, matte and burnished issues. One of the reasons Peace Dollars never developed the broad hardcore following enjoyed by the Morgan series is they have a relatively consistent finish. Morgans are collected in proof, proof like, semi proof like, matte and frosted field finishes.
•Public purchases of low mintage issues directly from the government that prove to be noteworthy collectibles build collector ranks. The Mint indicted in the 2011 annual report and in marketing surveys that they are interested in offering moderate mintage special issue dollars to the public with low household purchase limits to encourage broad participation. Morgan Dollar collecting and its importance in American numismatics received a similar boost in 1962-1964 and again in 1972-1980 when the Federal Government started selling silver dollar bags and single issue Carson City Dollars to the public that included scarce key dates.
•High gold and platinum prices encourage the broad middle class to look for smaller denomination alternatives that are affordable and can be completed leaving the Silver Eagle series a prime candidate for continued collector growth.
Some numismatic writers refer to Silver Eagles as the modern Morgan Dollar. If that’s the case then the 2011-P and 2011-S dollars with their 100,000 or less mintages and scarce “W” mint marked siblings have only begun their journey.
The 25th Anniversary First Strike Designation is only availible on coins sent to PCGS in Mint Sealed boxes that are post marked within the first 30 days of issue.