One of the most anticipated U.S. Mint coin releases of the year happens today at noon EST with the 2023-W Proof American Silver Eagle becoming available for $80.
Introduced in 1986 as an annual product, these 1-ounce, .999 fine silver coins are very popular with collectors snatching up hundreds of thousands of them every year.
"Produced at the United States Mint at West Point since 1986, American Eagle Silver Proof Coins are collector versions of the official United States Mint American Eagle Silver Bullion Coins," describes the U.S. Mint. "These popular silver collectibles were 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."
This year’s release may come as a welcome relief for some collectors who were left scrambling during last year’s debut. Just days before the official launch of the 2022-W Proof American Silver Eagle, the Mint announced that their inventory had already been depleted by subscriptions. Some 60,000 were eventually freed up by release, and those only lasted for about a day.
Another intriguing attribute for this year’s proof Silver Eagle is that no pre-announced mintage limit has been announced. In fact, the Mint’s press release for the coin states within the first paragraph that it will be "minted to demand."
American Silver Eagle Designs
The Silver Eagle’s obverse contains an updated likeness of Adolph A Weinman’s Walking Liberty design as it first appeared on 1916-1947 half dollars. The U.S. Mint utilized historical artifacts and updated technology to refresh the design in 2021 to more closely reflect Weinman’s original work.
Liberty is enveloped in folds of the flag, with her right hand extended and branches of laurel and oak in her left. Inscriptions read: "LIBERTY," "2023" and "IN GOD WE TRUST."
Reverses of American Silver Eagles were revamped with a new design in 2021 for their 35th anniversary. The newer design offers an eagle as it approaches a landing, carrying an oak branch, as if to add it to a nest.
Inscriptions read: "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," "1 OZ. FINE SILVER" and "ONE DOLLAR."
A reeded edge variation is included as an anti-counterfeit security measure.
Proof Silver Eagle Specifications
| Denomination: | $1 |
| Finish: | Proof |
| Composition: | 99.9% Silver |
| Weight: | 1.000 troy oz. (31.103 grams) |
| Diameter: | 1.598 inches (40.60 mm) |
| Edge: | Reeded |
| Mint and Mint Mark: | West Point – W |
| Privy Mark: | none |
Ordering
The 2023-W Proof American Silver Eagle may be ordered from this U.S. Mint product page.
In a related release, the U.S. Mint will also offer their 2023 Congratulations Set at noon for $82. It contains the same coin, just in different packaging.
First coin this year for myself so I guess it may be highly anticipating. Hopefully, not disappointing.
Maybe the anticipation Rooster is how long it takes to get delivered? 😉
Ugh…that too Chris.
Mine came in quickly. Delivered on Saturday 4MAR. Truly surprised and pleased at the quick delivery 🙂
I received mine March 6th. Looks like a PF68, may PF69.
Not buying this year and reapplying my funds to older classic coins, but I feel that i am missing out. Hopefully all goes well in the mints new waiting room.
Great idea E.C. Guru and just say no to FOMO! LOL
Good advice, Caliskier, as there must be many who lose their shirts thanks to making ill-conceived bets on the profit potential of overpriced coins.
I too prefer collecting the classics but completed all the series I was interested in a few years ago and got into collecting the ASE to feed my habit. lol
May I recommend Coin Collectors Anonymous. 😉
This could be my last year on ASE’s.
Already went that way, Rooster, and I actually feel a sense of relief.
Looks like the one from last year, just the year is different. Why is it highly anticipated? It isn’t the first year if release or the last. It isn’t a new design or designer. What I wonder is how 60,000 were released. Were they duplicate orders at same household. Did that many credit cards fail? Did people suddenly say, nah… I like the old pic better. Was it a glitch in the matrix? My guess is caffeine mike slipped a $20 to the guy on duty and bought them all at the 24 hour 1 second mark, divided them into… Read more »
LOL and thank you Dazed and Coinfused about the Acorn connection to Mike and “Red Oak”! I finally made the connection to the different meme’s comments, etc to Mike, Red Oak Mike, etc; you guys use here on CoinNews! Lastly, don’t forget how unpredictable the US Mint is and their idea of “Demand” may be quite different than what we all perceive? After all there is “Subscription” demand, drop day, 24hr, AP’s/ABPP, secondary market, “Remind Me”, yearly, monthly, daily, forecasted, budgeted, etc DEMAND! “Which one” or combination will the US Mint actually apply? I’ll say they sure kept me guessing,… Read more »
A “poor” designed eagle that cannot fly!!!!! Keep running “FORREST” Bye Bye U S MINT >>>>>>>>>>>>>
I hate to say it, gut I’m right there with you sam
Sheesh, Sam I Am Tweedy, that type of depiction is simply known as “perspective”.
Charged already and received my tracking number too for shipment.
Congrats. My CC was charged but still waiting for confirmation from the Mint.
How? It is 11:35 on the east coast now. I literally just got my mint text and email notification for upcoming release at noon.
Sorry for the confusion. Subscription. Charged the other day and tracking number provided overnight/early this morning.
The way to go. You guys convinced me. No more waiting to 9 am hassle. Received my 2023 W proof ASE on Monday, March 6th. Easy as pie. Why couldn’t they do that in 2021? What a pain that was. No, I’m not a robot!
Bringing you your $105.54 per Troy oz/coin, 2023 Morgan and Peace Reverse Proof update; posted on “Congrats set” article earlier.
“Oops, they did it again!”
US mint raising prices on the 2023 2 -coin Reverse Proof, Mor Pea set. Only went up $10 dollars to $185, from $175. For publication in theFederal Register, scheduled for March 3, 2023.
“Morgan and Peace Two-Coin Reverse Proof Set $185”
Yeah for now $ 185 subject to change
Lol. Mint site says hurry, inventory is limited, but it is showing unlimited mintage and nowhere does it say it’ll be print to order.
I recall no difficulty getting the W-Proof ASE last year. If the Mint is now making these for demand- what’s the rush? I’d wait until the fall to see what the mintage is up to before buying
If memory serves, they said they subscriptions accounted for the majority. My guess is flippers mobbed the site and bought the remaining coins. I believe many people complained about quality and returned them. I do recall my sister and I both trying to buy and I got a confirmation and she didn’t. But again, the usual buttons weren’t there, like add to bag, unavailable, remind me etc. It may not have been a w, but definitely a ase.
From April 21 2022 coin news
Expectations had been for no or very limited availability of the standalone coin (product code 22EA) as the U.S. Mint noted a week earlier that all had been reserved in enrollments. However, cancellations and order reconciliations freed up some 60,000 by release time. Those were eventually all claimed by Friday. Mint sales through Sunday had the single-coin option at 490,947. Further reconciliations should free up more on occasion as the Mint said it would sell 500,000 of them.
The Waiting Room worked well for me. I only had to wait about 45 seconds and the Congratulation Set page was up. I passed on buying it but thought the process worked well.
for a coin to have no limit i see this as of 12:12 est
Thanks for the update.
“Highly anticipated”….for some maybe. I turned off my subscription on the ASE for all except the “S” proof. No reg proof sets, no silly small dollar sets….ive totally lost interest in them after all these years. All im getting besides the 1 ASE is silver proof set and Morgan/Peace series….. cutting back on what i used to get ….. They cant justify price increases to me.
Amen to a lot of that, Domenic. I think we’ve all hit the saturation aka breaking point.
Highly anticipated price increases but who’s buying? The US Mint recently posted “the global silver shortage has driven demand for our bullion and numismatic products to record levels”. Silver demand is crazy and the premiums are outrageous – no wonder the 2023-W ASE Proof will be “minted to demand.”
BTW, at 2pm ET, data-available = 18,332 for the 2023 Congratulations Set
Artificial silver shortages combined with accelerated profit demands do not a very healthy combination make, Good Sir Rich, but I’m afraid it’s not going to change.
No, no, no, no, no.
$80 for this?
Spot silver below $21.
No. And no regrets.
Get a grip on reality US Mint.
Because sure looks like your juicy salary and benefits are well covered.
You know, overhead.
Bring back reality. Value. A coin WORTH collecting. Big swing and a miss today.
Isn’t this just the most swell of times when prices go haywire while money gets tight?
I checked the available numbers for the W-ASE (116,242) and Congrat set (27,440) just before the noon release, and just checked again at 9:30 p.m. Of the starting numbers available, only 20% of the W-ASE and 40% of the Congrat set have sold in the first 9.5 hours. Perhaps there were a lot of W-ASE subscriptions but based upon this today it appears to be really lackluster sales so far and looks like a big decrease in demand from last year. We’ll know from the number of returns later on- especially bulk-40.
I see the “much anticipated” ASE and Congratulations Set are still available today.
It’s not unusual when nomenclature and reality have only a passing acquaintance.
There is no mintage limit at all on this… why would anyone want this. It will be available for sale for basically the entire year as well. The price of spot silver has gone down $4 an ounce in the last 60 days, yet the mint keeps raising the cost. US mint coins are now 4 times the silver value.
JimboBaggins and others also thinking: “why would anyone want this” All this will take to “flip the script” is the US Mint deciding that “Demamd” in their eyes has been met and end sales prior to what we’ve been trained to believe after all these years? Since they didn’t declare a mintage, we all think they’ll pump them out and sell indefinitely. This will not happen. If what I think will happen, happens, there will be a bunch of pissed off collectors, kicking themselves for falling asleep while the US Mint keeps changing the game and rules governing such. One… Read more »
Cali.. they still have 67k still available now. I think when I first checked a few weeks ago they had about 600k. I think. I’ll get one eventually but it will be graded 70 and I’ll end up paying a bit more than the mint offering but the insurance of having a 70 is worth it in the long run. The price difference isn’t that big. On the fence with the future S and Unc at this point.
EC Guru, you bring up a good point about the price difference not being that big with online dealer prices for PCGS PR70 FS = $110 and PCGS PR69 FS = $92, compared to the Mint’s raw price of $80.
Or. That’s what they want us to think so that more people buy more coins thinking that the mint will stop and low mintage. Good Ole reverse psychology. Trust the mint? In God we trust. The mint just lies and dies. Get it. Dies. But it will be hard to determine what they will do. I mean a 6 year old gold coin still available. With the silver shortage they could cut off press early and save it for the other coins or wait for silver to drop another $5 and add $20 to the coin price. Although, could end… Read more »
Even if the Mint were to curtail production of the ASE-W sharply and as such minimize the output total, at some stage of this annoying and unnecessarily confusing, frustrating and erratic game the payoff would have to begin to be worth less than the perpetual headache involved.
Or, since coin collecting has seen better days, maybe at some point no one will care.
It will be “fun” to see how long it takes the Mint to increase that yet another multiple.
80 bucks for a 24 dollar coin?
But it’s a proof and from West Point at that!
I didn’t understand the “highly anticipated” part myself; maybe I missed something.
W? Proof?
Just received mine today. The coin is absolutely beautiful and very crisply struck. But I was not expecting the slip-box outside of its packaging to look like this (and nice). Did I miss something?
— Mike
To answer my own question (sorry Kaiser), the answer is Yes and No. Turns out that if you look closely at the last visual on the Mint’s site you can see it, but not in the Full Monte Mode.
My bad. I guess I’m too poor to pay attention … but the box does look nice.
Mine arrived Saturday, 4MAR. Rather quick delivery Mike.
Yes the box slip cover nicely done but the presentation box still underwhelming in the plastic flimsy felt holder in the box. Mint needs a better presentation box for what is supposedly one of its premier products.
Now here is a puzzle. Apparently my ASE arrived in Kansas City at 7:20 yesterday and also in Fort Worth 13 minutes later and is now in Dallas TX. The USPS must be experimenting with transporter technology. lol
The real question is if it is smashed at the west point mint, why does it originate in Memphis. Reminds me of the genuine panthers jersey I bought a couple $20s cheaper than normal and finding it originated in China. I mean I am sure the same kid made it, but just better quality work and less sloppy stitching to keep Nike happy. Can’t wait to get my genuine iFon 16 before everyone else. All those suckered camping outside apple stores for the “new” 14 and in 6 weeks I’ll have the 16. Ha ha ha.
Maybe it is a shared distribution center and all packages arrive and sorted based on what part of the facility it is in.
They are hundreds of miles apart. Based on past experience the Mint has two contractors that package and ship their coins (one in TN and one TX) Most of my shipments come out of TN go to KCK and then to my local post office. But I have had a few originate in TX go through DFW to KCK then to my PO. This shipment left Dallas at 6:30 am today and got (back?) to KCK at 3:52 pm. which would be normal driving time for that distance. This has got me baffled. The tracking starts with the normal TN… Read more »
My ASE was delivered today. It did come from the Memphis Fulfillment Center.
My guess is that it was supposed to be loaded on the truck going to KCK but got put on the truck to FW instead. When the 1st truck got to KCK they logged the entire shipment as having arrived even though my package was actually in Texas. When my package was individually scanned the tracking started showing where it really was.
Watched MM and his latest on the 2023-W Proof ASE, 3-4-23. He keeps saying they are sold out at the mint along with their subscription. I looked at the mint web site and both are available. I wrote a nasty gram before this note and decided he was not worth my anger. So I did this toned down comment. I feel sorry for those naive people that believe what he is saying. Can’t the FCC do something since what he is selling can be proven untruthful.
What price is he pitching this time?
$219.95
Watching him on HSN now. He is pitching 2023 ASE’s in ANACS Slabs labelled “Advance Release” Limited Edition struck in 2022 for $359.95!!!!!!
And of course he claims the Mint is sold out.
They always charge more on HSN than they charge on CSN. MM is the Carnival Barker for both channels.
Mike “Meth Helps Me Say Everything Twice Really Fast” Mezack is quite accomplished in his chosen field of expertise; in fact, I would go so far as to say he’s the Chuck Norris of pure B.S.!
That’s why Caffeine Mike’s full name is “Sold Out Limited Edition” Mezack.
And this is why I buy mine at $80. They’re still more from the dealers and flippers. One day you’ll look back and think to yourselves, “You know, I wish I ….”
By now, Antonio, I’ve learned to pay attention to your hints and hunches.
He also said he tried to get 2,000 of some coin. How many I get? 1. Only 1. They had order limit of 1. I get that. But why would he even think he’d get the 2k he asked for. Doesn’t he know how the mint works. In another sale he said he had to pay to overnight many coins and pay over asking on many cases to get the fdoi. Probably a type 1 or type 2 or the morgan peace. Might have been the 1923 and 2023 2 coin set. He has some useful info, but at the… Read more »
I have a 1922 Morgan already. I bought it years ago for $6.95 by a dealer who just wanted to get rid of his coins and close his shop. By years, I mean in the ’90s.
Let’s see now. On the one hand, $6.95 from a local going out of business coin dealer. On the other, be prepared to shell out assuredly somewhere north of one or two hundred simoleons to the highly estimable Magic/Caffeine/Meth/Repeating Mike Mezack. Hmmm, what a dilemma.
If that’s how it worked, Allan, FOX’s pathologically lying hosts would all be long gone.
Horrible Mint processing delay…. After checking yesterday on the status of my 5 ASE’s from my enrollment / subscription, it still said processing. This morning I get an email about delays due to their payment processor, and they expect to ship by March 29 !!! This is the text of the email: … Order Update Dear Mint Customer: Thank you again for your 2023 American Eagle Silver Proof Coin purchase. We wanted to confirm the expected ship date for this product. We are working hard to fulfill your order, but are experiencing delays due to a technical issue with our payment processor. We expect… Read more »
As the immortal Gilda Radnor so unforgettably said, “If it isn’t one thing, it’s another.”
Bud,
Received same mint message as you. Wonder who their “payment processor” is/was and what the “technical issue” is/was. SVB perhaps? If nothing else, the timing is interesting.
Placed another order after the above should have gone thru and no such problem for it on processing order and or payment.
Same here for my order.
A real shame, Fviia. The Mint does not like to make things too easy, I guess.
I’ve written 2 emails to the *$%#’s asking for elaboration on what the email i got means, and why i’m processing since 2/28 when other people are getting their subscriptions already delivered. Also noting that supposedly i can order coins right now, as it’s available, and depending upon shipping charge, I “should” be able to have the coin anywhere from 3 days to 2 1/2 weeks. So why is my order being penalized? The first email they replied with a canned answer about how to update my credit card on file for subscriptions. (which BTW I did / confirmed months… Read more »
Not to indicate any criticism of your efforts – in fact, I applaud you for trying so hard – but dealing with the Mint is effectively like tilting at windmills.
The Mint has many operating parts, chuck, and all too often one doesn’t know what the other is up to as to why, when, where or how.
What a mess, Bud. If only the Mint could just for once do two things in a row right!
Very frustrated, as the 29th (the expected day the email said it would ship by) has come and passed now. Called them and they just say “we are sorry for the delay, shipping them out as fast as we can, just give it a little more time”. They know nothing about any of the issues or have any explanations…
I just received my 2023 ASE Proof coins, rapid shipping and arrived within 10 days. A real suprise. Updated my credit card last night with new expiration date and found to my horror all my enrollments had disappeared. Called mint and they claimed it is a computer update problem. Still not resolved. Anyone else having a similiar problem?
That’s been cleared up now, Richard. Nothing to worry about!
took two days, but all my subscriptions are correct