2011 American Silver Eagle - ANACS MS-70 - Mint State 70
Offered here is one 2011 American Silver Eagle.
It is graded by ANACS as MS-70.
The coin in the pictures is the one you will receive.Thanks for looking.
2011 American Silver Eagle
The United States Mint began accepting orders from authorized purchasers for the 2011 Silver Eagle on January 3, 2011. Sales of the annual one ounce silver bullion coin started in impressive fashion, with more than 6 million coins purchased in January. Despite a continued elevated sales level throughout the year, the Mint did manage to release both the collector proof and uncirculated versions of the coin.
Amidst the continued high demand for Silver Eagles bullion coins, the US Mint implemented several changes to the program to increase output. This included process improvements at the West Point Mint, an increased number of precious metals blanks suppliers, and additional production at the San Francisco Mint.
The later step was an unusual development, as the bullion version of the Silver Eagle had been produced exclusively at the West Point Mint for more than a decade. The major third party grading companies almost immediately announced that they would begin specially encapsulating 2011 Silver Eagles struck at the San Francisco Mint. Since these coins did not contain a mint mark or any other identification, the only way to receive the special encapsulation was by submitting a sealed Monster Box of 500 coins with the proper identifying markings from the San Francisco Mint.
Eventually, the bullion coins achieved another all time annual sales record with a final mintage of 40,020,000.
The 2011 Proof Silver Eagle (Buy on eBay) was made available to collectors starting on July 15, 2011. Pricing for the offering was increased to $59.95 per coin, due to the higher market price of silver. An ordering limit of 100 coins per household was imposed for the first two weeks of sales. In early September, the price of the coin was increased to $68.45, but later decreased to $58.95, following a decline the market price of silver. A sell out for the individual version was achieved on November 22, 2011.
On September 15, 2011, the US Mint began sales of the 2011-W Uncirculated Silver Eagle (Buy on eBay), representing the return of the collector coin after a two year gap. As a result of legislation enacted near the end of the previous year, the US Mint gained greater flexibility in producing collector versions of the Silver Eagle, regardless of the level of bullion demand. The Uncirculated Silver Eagles are struck on specially burnished blanks and carry the “W” mint mark. The coins were initially priced at $60.45, but later reduced to $50.95. Availability continued into the following year, with the price further reduced to $45.95.
To celebrate an important milestone for the program, the US Mint also offered the 25th Anniversary Silver Eagle Set. The special set was announced in August and contained five different Silver Eagles, including two versions which were not available through other products. Collector demand for the sets was intense, leading to a sell out of the 100,000 maximum production within hours of release.
2011 Silver Eagle Mintages
Bullion Mintage: 40,020,000
Proof Mintage: 947,355
Uncirculated (Burnished) Mintage: 409,766Coin Specifications
Mint Mark: none (bullion), W (proof, uncirculated)
Designers: Adolph A. Weinman (obverse), John Mercanti (reverse)
Composition: 99.93% silver, 0.07% copper
Weight: 31.101 grams (1.000 ounces)
Diameter: 40.6 mm (1.598 inches)
Thickness: 2.98 mm (0.117 inches)
Edge: Reeded
Shipping and Returns
Shipping and Delivery
We pride ourselves on prompt delivery. If a coin is purchased on the website or over the phone and PayPal is the payment method, we will make every effort to send it the following day. Exceptions to this will be when we are at a show, in which case the coin(s) will ship when we return to the office. If check or money order is the payment method, we will deposit the check/money order and ship once payment has cleared.
All of our shipments are USPS Priority mail or FedEx (depending on value). Signature confirmation is required for packages valued at $250 or above. We believe this is the best way to protect all parties from lost or stolen packages. Of course all packages are insured for the full purchase price. Tracking information will also be provided.
Returns
All coins we sell come with a no questions asked 30 day return privilege. We simply ask you let us know if a coin is being returned before the thirty days have expired. The last thing we want is someone to be unhappy with a coin purchase and will gladly issue a prompt refund once the coin is returned in its original holder and condition.
Contact Information
If you have any questions or comments about these our Terms of Service as outlined above, you can contact us at:
Woodland Treasure
P.O. Box 71
Baileyville, ME 04694
207-214-8483
leayer@woodlandtreasure.com