Sales of the 2012 Limited Edition Silver Proof Set kicked off decently strong despite a price tag many collectors thought too high.
Release on November 27, 2012, buyers snapped up 19,290 by December 3, 2012. The Tuesday through Monday sales haul represents nearly $2.9 million in revenue for the U.S. Mint given the set’s $149.95 price.
On the day of release, the 2012 Limited Edition Silver Proof Set had a silver melt value of less than $80 based on an ounce of silver at $34 an ounce. The more than $70 premium was unpalatable to some collectors who vocally voiced their displeasure.
Within the eight-coin silver proof set is a one-ounce 2012-W proof American Eagle silver coin, a 2012-S Kennedy silver half-dollar, five 2012-S America the Beautiful silver quarters and a 2012-S Roosevelt silver dime. The amount of silver across the coins totals to 2.338 troy ounces.
These sets have a household ordering limit of two with potential maximum sales of 50,000. Orders may be placed online at www.usmint.gov/catalog or by calling 1-800-USA-MINT (872-6468). Shipping is expected to begin in late December.
Hi,
I wanted to order one. But,the cost is unreasonable. Also, there is really nothing special about this set. I will pass on this one!
Agreed.
This will easily be purchased in the future for less than the issue price.
Sure! and remember you can always buy a set asap with any of the telemarketers who will have plenty. They will have been graded by the big three before anyone else gets theirs shipped. And they will have special new labels indicating “2012 Limited edition Silver Proof Set” And, some will have “Early Release” labels. All for an added permium $$$$$$$$$