April 19th, 2010

Scouts Coin on the Move

Coin collectors have been grumbling about the Boy Scouts of America Centennial silver dollar from the beginning.

First it was about the design. The words “Continuing the Journey” are arced across the top of the obverse. Below them are a Cub Scout, a Boy Scout and a female Venturer. The motto and the Venturer represent how the Boy Scouts organization has evolved over the last 100 years to serve America’s youth, including girls.

Then, it was the special introductory discount prices. From the March 23 on-sale date until 5 p.m. April 21, the silver dollars were being offered at $39.95 for the proof and $33.95 for the uncirculated. The prices will go up $4 and $2, respectively.

Maybe complaints about the price came first, but it doesn’t matter. All the grumblings, including a few from COINage readers, haven’t slowed the coins’ sales. The proof Boy Scouts of America Centennial silver dollar is outselling the uncirculated version by a more than 2-1 margin.

And it has already reached 83 percent of its maximum authorization in the first three weeks they were offered. One report stated that as of April 11, the U.S. Mint recorded sales of 196,400 of the proof and 93,992 of the uncirculated.

Apparently collectors aren’t that offended by the continuing journey.

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