2014 Silver Proof Sets at 183,520 in Debut Sales

May 6, 2014

in US Mint Sales

New sales figures from the United States Mint show how early demand shaped up for the 2014 Silver Proof Set with its 7 coins of 90% silver and 7 coins of standard clad.

2014 United States Mint Silver Proof Set

US Mint image of its 2014 United States Mint Silver Proof Set

Released on April 29, orders for the annually issued set reached 183,520 by May 4. That tops starting sales of 166,710 for last year’s set, although the first sales reporting period for it was two days shorter than this year’s set.

Many of the Mint’s core proof sets and major products of silver have performed better in their starts this year, supported by collectors who have joined the Mint’s subscription program to receive a 10% discount and get products automatically when they are released. Also, while the price of silver is lower than a year ago, this year’s set, even with that taken into consideration and without the discount, is still less expensive than when last year’s set launched.

As the table below shows, this year’s set with the discount built-in has the lowest premium in years.

Debut and Final Sales of 2008-2014 Silver Proof Sets

Year Price Melt Value on Release Premium Above Melt on Release # of Coins Release Date Debut Sales Date Debut Sales Final Sales
2014 Set $53.95 or $48.55* $25.90 $28.05 or $22.64* 14 April 29, 2014 May 4, 2014 183,520
2013 Set $67.95 $31.70 $36.25 14 May 2, 2013 May 6, 2013 166,710 419,720
2012 Set $67.95 $36.64 $31.31 14 June 4, 2012 June 11, 2012 189,628 395,443
2011 Set $67.95 $35.73 $32.22 14 Jan. 25, 2011 Jan. 30, 2011 209,367 574,175
2010 Set $56.95 $25.57 $31.38 14 Aug. 26, 2010 Aug. 29, 2010 241,656 585,414
2009 Set $52.95 $19.99 $32.96 18 July 17, 2009 July 19, 2010 271,372 694,406
2008 Set $44.95 $17.46 $27.49 14 Aug. 26, 2008 Aug. 31, 2010 292,004 774,874

 

*The lower price and premium is for those who subscribed earlier in the year to receive the 2014 Silver Proof Set automatically on release. They received a 10% discount, paying $48.55 instead of the regular price of $53.95.

As a point for consideration, pricing for the sets in years prior to 2014 have not been altogether different when adjusted for inflation and in accounting for changes in silver. As an example, silver’s cumulative average in 2008 was $14.99 an ounce, bottoming as low as $8.88 an ounce on October 24. At that point, the 2008 Silver Proof Set would have seemed exceptionally pricey at $44.95.

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