Demand for American silver eagles in 2011 was on the continued increase even in relation to the previous few years, when mintage figures had exponentially grown. The economy was still largely in shambles, and gold and silver prices were soaring to heights not seen since at least 1979-1981, when a bullion boom had set then-record prices.
To answer the demand for new American silver eagles, the United States Mint struck 40,020,000 uncirculated (“bullion”) pieces – by far a U.S. Mint record for the American silver eagle coin series. There were also several collector versions of the 2011 American silver eagle, which were struck to mark the 25th anniversary of the American silver eagle series, which was first released to the public on November 24, 1986.
Notably, there is the regular proof specimen, of which 950,000 were minted in 2011. There were also 409,927 burnished uncirculated pieces minted. The San Francisco mint also produced 100,000 burnished silver eagles in 2011 (signified by an “S” mint mark), and the Philadelphia mint struck 100,000 reverse proof silver eagles in 2011, as well. All five of these coins were offered together in a lacquered case as the “American Eagle 25th Anniversary Silver Coin Set.” This offering was quite popular and today is worth around $700 – far more than the bullion value of the coins within!