One of the most unique collectibles from the United States Mint this year debuts today at noon Eastern with the release of the 2018-S Silver Reverse Proof Set.
The set is comprised of 10 coins each from the U.S. Mint’s facility in San Francisco and bearing a distinctive finish. They are struck in celebration of the 50th anniversary of the San Francisco Mint’s first production of regular proof sets.
Coins from the set are minted in reverse proof — an opposite of standard proofs. Reverse proof coins exhibit mirror-like artwork and inscriptions against frosted backgrounds.
Limits, Price and Included Coins
During the first 24 hours of sales, the U.S. Mint has instituted an order limit of 10 sets per household. No more than 200,000 sets will be offered, and some believe those will not last long.
Priced at $54.95, included in the 2018-S Silver Reverse Proof Set are the following collector coins:
- 2018-S Reverse Proof Native American $1 Coin
- 2018-S Reverse Proof Silver Kennedy Half Dollar
- 2018-S Reverse Proof Silver Pictured Rocks National Lakeshore Quarter (Michigan)
- 2018-S Reverse Proof Silver Apostle Islands National Lakeshore Quarter (Wisconsin)
- 2018-S Reverse Proof Silver Voyageurs National Park Quarter (Minnesota)
- 2018-S Reverse Proof Silver Cumberland Island National Seashore Quarter (Georgia)
- 2018-S Reverse Proof Silver Block Island National Wildlife Refuge Quarter (Rhode Island)
- 2018-S Reverse Proof Silver Roosevelt Dime
- 2018-S Reverse Proof Jefferson Nickel
- 2018-S Reverse Proof Lincoln Cent
Designs exclusive to this year include those on the five America the Beautiful quarter dollars and on the Native American $1 Coin.
Three of the coins — the cent, the nickel and the dollar — are in regular compositions. The half dollar, five quarters and dime are manufactured in 90% silver (and 10% copper) so each set has a total silver weight of 1.338 troy ounces. While their finishes are different, the 10 coins and their metallic make-up are identical to the standard Silver Proof Set.
This year’s regular Silver Proof Set launched in April for $49.95 and has sales of 198,041 through July 15. Last year’s set is also available from the Mint. Its price is $47.95 and it has sales of 348,427 through the 15th.
Ordering
The 2018-S Silver Reverse Proof Set may be ordered directly from the U.S. Mint via its website page dedicated to Proof Sets. Orders are also accepted by calling (800) USA MINT (872-6468).
Update 1 (July 24 at 10:05 a.m. ET): First-day sales reached 114,108 sets, according to the U.S. Mint. CoinNews will publish a photo or two of a set this afternoon.
Update 2 (July 24 at 1:06 p.m. ET): The Mint revised first-day sales to 106,108 sets.
I’m still thinking about this set. My questions to myself are if I want this set from the Mint now ungraded, the whole set graded by PCGS or just some of the coins graded and if so which ones? Or do I want them both, graded and ungraded? Sometimes I just over think things. Anyway good luck to you all.
Watch seller crc-1 on Ebay. Usually has great prices on full sets (SP-70 grade for this set). 200,000 mintage you won’t have any trouble getting a mint direct set. I am going to spend the $70-$90 to get the graded set.
Jeffrey R.
Thanks! I’ll be checking him out. By the way I did get a set from the Mint.
Bought three sets they are terrific coins. A great set very happy. Watch the prices skyrocket many key coins in the set underrated by many.
Any active free shipping codes at the mint?
Per http://www.usmint.gov:
Place 3 orders in the calendar year to be eligible for free shipping. Qualification will be made when your order ships.
if the mintage was 50,000, I would be all in. 200,000 is way too many
200,000 is not that high a number
200k makes it the key coin in Kennedy reverse proofs.
Join the discussion…you seem to be very negative on this set!! why?
if these sets actually sell out fast, it will be because of the big boys. not sure if the big boys are buying these
The 10-set household limit includes the Mint’s bulk coin dealers for the first 24 hours. Good news.
-NumisdudeTX
https://www.ebay.com/itm/2018-S-U-S-Mint-Silver-Reverse-Proof-Set-in-Mint-Packaging-PRESALE-SKU54627/142876120382?hash=item214414953e%3Ag%3A2xUAAOSwVc5bUfa9&_sacat=0&_nkw=2018+reverse+proof+set&_from=R40&rt=nc&LH_TitleDesc=0
might want to tell MCM that, he has 150 for sale right now
Probably has 15 employees.
Jon –
MCM doesn’t have any right now ‘ no one does. They get their employees & select customers to order the household limit for them & oay them a small fee for doing so. They have done this for many years.
Happy Collecting!
NumisdudeTX
more like 150, he sells about 200 million in coins per year
Never had an easier purchase on the US Mint website, so that doesn’t bode well.
have my conformation 12:00 hooray
Confirmation at 11:01 CST. Easy as heck om this product!
Jon –
MCM has less than 50 employees. They seem really big, but aren’t. They make their living on mostly modern US & foreign coins. They just happen to be in Sarasota, Florida where NGC has its headquarters & have a “special” arrangement with them for grading their modern coins.
-NumisdudeTX
No problem, confirmation @ 12:05
mcm has 65 sets sold on ebay at 1:00 PM for 65.00 each why don’t people buy them from the US Mint ???????????
Most people who buy on ebay and pay more than issue price when still available at the USM are either:
1. Ignorant
2. Sadist
3. Or just ___________. You fill in the blank.
Mostly #1, maybe greedy for #3. The old saying is, “Buy the book before the coin.” It seems a lot of people who buy “for an investment” or “for the grandchildren” really don’t know what they are doing. I always ask if an item is such a good deal, then why is it being sold rather than held for a better return?
I was wondering the same. Especially that PayPal is another payment option.
It’s probably cheaper to order on ebay for out of country people. The Mint shipping on out of country, https://catalog.usmint.gov/faqs-faqcategory-shipping-returns/shipping-returns-shipping-policy.html?navid=infovizsearch
MCM is selling 229.95 for FDI on their website. Brought 1 set from the mint this morning no problems for 54.95 free shipping for repeat customers.
I don’t expect this to sell out …though much more palatable than the set last year, too many people got burned playing the odds on that one!
Give it time.
I certainly expect it to sell out
I bought 10 sets because I like this years quarters and I think this set will have LONG TERM potential. Traditionally the first reverse proof of a particular coin has good return and although 200 grand is a lot of sets that is not much compared to the amount of regular silver proof sets every year. Plus if some of the sets have damaged coins I can return that set, CHEERS
Good idea, but the USM flubbed again! 200k are that many of U$ left to dump $53 for like 13.$ worth of silver….. Coins sales @ USM are in a death spiral & they have no idea how to stop the bleeding 7 make some $$ again.. enough PC, enough of the same old, same olde…. Why Not .999 they can do it legally, 200k would sell out in a flash… I think sell out like in 2019….. maybe
I’m not gonna lie.
I’m excited about these.
Also, I have a feelin’ that this will be the last of the reverse proofs for awhile.
The U.S. Mint revised first-day sales to 106,108 from 114,108 sets.
I just bought 50 more now that limit is gone. The Kennedys are selling for $40 already.
They are beautiful coins. I got my first 10 earlier today.
think about the Penny is this the first reverse proof penny? with only 200k long term should be solid
Yes, first penny 🙂 Think quarters should have large upside too.
they are selling for 50 yesterday, today none have sold for that. wait 6 weeks and they will be selling for less then 15
Don’t know why that would happen. The 2014 reverse kennedy is selling in that range and it has 25k more produced. https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l2632.R2.TR3.TRC1.A0.H0.X2014+rever.TRS0.TSS0&_nkw=2014+reverse+proof+kennedy+half+dollar&_sacat=253
Andrew mentioned the 2014 selling in the $50 range and wondering why the 2018 is similarly priced : He’s right, that makes no sense because the 2014 Reverse Proof Kennedy cost about $20 per coin (4 coins in that $104 set with shipping) whereas the 2018 Reverse Proof Kennedy costs $6 per coin with shipping ($60 set divided by ten coins). I saw those $50 2018 Kennedy reverse proof coins and puzzled over why anyone would pay $50 for one coin when they could pay $60 and get the TEN coins that come in the set. I also wondered if… Read more »
I observed that also, Woody. The Kennedy Half is selling for between $40.00 and $65.00.
I tracked an auction sale a week ago to make sure people are still paying that much and it was bid up to $40, ungraded. No way the 2018 sells for less then that with 25k less produced then the 2014. Anyone who isn’t buying these 2018 sets is losing money, IMO. I’ll probably sell off rest of set to pay for sets and sit on Kennedys if they take a bit of a dip in the short term. They are the Key Kennedy in the reverse proof set and that means they will carry premium.
no quick flip on this one, the big boys will buy the rest and flood the market
114k sold first day and only about 95 listings on ebay so it looks like there are a lot of people holding them, IMO. High demand.
I wonder if they will make a reverse proof Silver Eagle? At first I thought it might be RP in the San Fran Eagle in the catalog until details came out on it showing it to be a regular coin.
But there is still hope, as the Limited Edition Set may contain the Reverse Proof. It could theoretically have both the regular proof and reverse proof in that set.
Does anyone have any thoughts on if we will get a reverse proof silver Eagle this year?
I noticed that last year people mentioned that one of the incentives to buy the 2017 enhanced set was because the Lincoln Cent would be the key date with the lowest ever mintage of 225,000. I guess this set blows that incentive out of the water because it now has the new key date Lincoln with 200,000. Right? I’m not a Lincoln Cent collector so I may have that wrong but it’s something that I’ve pondered over since this set has a mintage lower than the enhanced set. I imagine that was carefully calculated quite purposefully. I’m buying the set… Read more »
Sometimes “key” coin premiums don’t make sense. Being the lowest mintage is all it takes to carry a premium in many cases. Prime example? 1996 Silver Eagle with over 3 million minted. https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l2632.R2.TR12.TRC2.A0.H1.X1996.TRS0.TSS0&_nkw=1996+silver+eagle&_sacat=39482 Def not in short supply but carry premium. This set has many coins in same situation. The penny. The Quarters. The Kennedy.
There are some circulating coins that carry odd premiums just because they are “key” coins. Mintages in the 10’s of millions but they are “key” because they have the lowest relative mintage.
PS, Thanks for conversation. I am by no means a magic eight ball and enjoy discussing why I think what I think to better form conclusions.
Got my two sets today and while I love the look of the RP, also noticed two of the lenses have air bubbles. That’s not considered damage is it?
There is no doubt this is a beautiful set and one to add to your collection. Personally, I am on the sideline at least for the moment. This is due to no celebration events this year in my family where this set could make a nice gift. At my age, I am more in a downsizing mode vs. adding to my collection. This set is for collectors, not investors. The guy on TV will hype these up and sell them to gullible viewers at quadruple prices. Individuals looking to flip will do good to break even today. Tomorrow they may… Read more »
I watch HSN almost for the hilarity factor. How they tout (for example) their exclusive FDOI from ANACS and somehow I NEVER see any of those being listed online, or how they say that you’re getting $500 worth of coins for $100 just because one particular catalog is actually even more overpriced than they are.
Me, too, Zack. Gold ole Mike “Sold Out Limited Edition” Mezack. He will be hawking these like there’s no tomorrow!!!
I didn’t think this set would sell out, but after selling half of them on the 1st day, they just might. I collect Kennedy’s and have all of the different finishes of the modern coins over the years which is why I bought this set. I also like the ’64 proof coins in Cameo and Deep Cameo as well as the Accented Hair proofs from ’64.
Cheers!
I can tell you one thing right now, these sets are still available, which means the big boys don’t believe in them, if they did they would be sold out now. these sets will be selling for less then issue price in the not so distant future
It took over 120 days for 2014 set with 225k to sell out and the reverse proof kennedy from that set sells for $40 ungraded. http://www.wondercoins.com/News_(details04).html This set will sell out well before that and the Kennedy is a new Key coin 🙂
I’m also wondering if the flippers will be returning these in huge numbers.
Have a question did the mint put numbers on the black background of these sets? I bought 4 sets and on the background each sets has a stamped number. Mine are stamped 21-24
Richard –
Those #s you mention have been there for years and are quality control numbers put there by the private company that makes the Proof coin set lenses (holders) for the Mint.
-NumisdudeTX
Thank you for the reply. I have only started collecting for around around a year
Is this the first issue for reverse proof quarters.
Billy –
Yes. First reverse Proof quarters.
-NumisdudeTX
why would you want more then one set? everyone who wanted a set is going to get the chance to buy one, so no flip here. the days of flipping a set from the mint for a profit are long over
This is not true. bought ten sets. sold the parks as a set $40 bucks gone. the other 5 coins I sold separately. $125 total $165.
bought one graded set . didn’t cost me anything.
.Bobby p,
The graded set you got was it a NGC, ANACS or PCGS? And if you don’t mind me asking, how much did it cost you and from where was it from. I’ve been looking for a PCGS PF70 set but I can not find not even one coin by PCGS. I wonder what the deal is there?
This set is way over priced, I believe that those that bought several of these sets will regret it.
I’d buy the rest from the Mint if I could.
These coins are fall under the “creeper” category.
When what comes around goes around, people will wish that they bought more.
My instincts say that the mintage of all new reverse proofs will disappear for some time.
nice set for sure,but i think the 2017 EU set were prettier coins ,more down to earth, too bad that 17 penny is no longer king of the lincolns mintage wise. it just goes to show you never know when it come to coins.
Just checked eBay…still paying between $30 & $40+ for raw Kennedy silver RP…some poor devil paid nearly $80 for one!
Anyway its free coins. I don’t buy every set. I have never returned a coin. I have always either got free coins or cash. they sell??. am I wrong to do this.
Just grabbed 6 of them will also be going after graded Lincoln’s and Kennedy’s
The 2018 RP penny from broken up sets is trending $8-$10. Lincoln sure has been popular in coinage.
This set is a sleeper. Consider the value of the silver melt, the low mintage of 200K, the reverse proof design, the celebration of 50 Year Anniversary of San Fran mint producing proof coins, the S mint mark and all coins in probably PR69 or 70 grade. Cannot lose any money on these sets. I have a very modest amount of 50 ordered. I will kick myself for not buying more. Almost unlimited upside with almost no downside risk! No brainer to buy these. AND they are GORGEOUS.
Well said, Jeffrey.
145,389 silver reverse proof sets sold first week,54,611 to go does anybody think they’ll sellout by the end of august the eu set last year had a hard time and never really sold out.only time will tell
Set will sellout in October or November. There will be massive returns from those who incorrectly bet on a sellout in a few days. No different than last year’s enhanced set.
Ken T –
You are so right! Everyone has 7 days from receipt of their order to return any sets that they don’t want for ANY reason! Dealers will return most “69s” & keep the “70s”. Some collectors will have realized they don’t need the 10-set limit they bought on the first day of issue & return 5 or more sets they don’t need or want now.
-NumisdudeTX
better read the new return policy, only 2 percent of the sets you buy can be returned. your account could get suspended if you don’t abide
https://www.usmint.gov/news/press-releases/united-states-mint-updates-its-numismatic-customer-return-policy
It doesn’t help that the price of silver has been soooo stagnant for soooo long.
SILVER has been bouncing from $15.50 to $16.25 for two years. That’s a 75 cent profit. It has gone from the low to the high sometimes twice a week. I believe it will drop below $15?. I like silver.
bought it at $14.50 . will sell at $14.75 . probably today?. .
bought at 14.20 sold at 14,60? bought again at 14.00. . this confusion with the market and DC is working for me. I picked up some copper .
Jon –
I am aware of the new policy, but it still allows for a lot of returns overall among thousands of buyers.
-NumisdudeTX
There winners….. These reverse proof coins sell. I don’t know why. when they can just call the mint themselves?.. But If you want a free 70 coin or a set. it is available. I sell all my sets before the sets actual release. I tell them I do not have them and may not get them. If I sell two . I order three?. usually I get and sell my limit. I sell everyone. The Kennedy’s have a weak strike on the ones i have personally seen. the head had very little cameo. nothing like the other coins. something you… Read more »
bobby p –
Good observation. My Kennedy’s all have minor problems! The other 9 coins are all flawless in my sets. Strange for sure.
Happy Collecting!
-NumisdudeTX
I’ve been looking for the set in PCGS PF70 but I have not seen any at all! Not a single one of them in any grade! I wonder what’s up with that?
I prefer PCGS my set is NGC. bought it off TV. Rick T. he had the best looking coins. very nice looking coins PR71?. the other tv shows had the same coins for sale. They didn’t have a single Kennedy with that deep cameo. I will buy a PCGS Kennedy for my collection. Ebay had a couple off the Kennedys in PCGS. the deep cameo Kennedy’s are going up?. If you want one I would say get it soon?. or let the set cool off. Not all 70s are equal. This one coin shows the need for a new grading… Read more »
I was told PCGS hasn’t released any coins as off yesterday. they should be showing up soon. I will be looking for a DC 70 kennedy. I don’t buy from a listing that says. the coin in the photo is not the coin you will receive. I am not pushing a TV show . but if you want top quality coins. Ricks coins are worth a look before buying. The flippers are tearing these boxes open. if you like OGP might want to grab one?. I have seen 3 different RP Kennedy’s . Black cameo head and Silver Background. Black… Read more »
I collect Kennedys . I believe these sets are the new normal. and expect to see more over the years. I have to pay more for graded Ps and Ds to keep my set complete.
Dont give OCD label collectors any ideas bobby. By pointing out that theres 3 types of kennedys, now they must get all 3 slab labels. ” weak strike kennedy” the in between ” cameo kennedy” and the ” deep cameo kennedy”. Ngc pcgs etc gonna have a field day.
joera – A dealer I recommend is a PCGS-Authorized coin dealer (L&C Coins in Los Alamitos, CA) who just got the PCGS 70 sets put up on their website today. 70s are hard to come by as a complete set on these since most of the Kennedy’s have problems as well as the Block Island ATB quarter. The set is $490 & selling really fast! bobby p. – Rick Tomaska is a great guy. But, don’t buy from his tv show as his prices have to be higher to pay for the most expensive type of advertising. Call him at… Read more »
I deal with a local shop. just about everything I do is thru this one store. But he doesn’t have that PL68. 65-66-67 SMS Kennedys that Rick had. I asked him. Two days ago I bought this set from the TV show. This coin boom we are currently in . Will not last?. With 4+ TV channels selling coins. This is a boom. I have learned from these shows. Remember baseball cards. The only ones worth anything today . Are the highest graded ones. When I buy a coin. I want the best. especially new coins. As soon as PCGS… Read more »
So are you going to get the 3 different RP kennedys slab labels Bobby. “Weak strike” n”cameo strike” and ” deep cameo”. You must if you want a complete collection. Numismaticnews the buzz its calling the weak strike kennedy an error. They say the reverse side has the RP look but the obverse side looks like an uncirculated coin, no frosting or cameo at all. Its just a weak strike guys, obviously somebody at the mint forgot to change or clean the obverse die. dont try to make gold out of toilet paper.
http://www.numismaticnews.net/buzz/error-on-reverse-proof-could-be-valuable
No I don’t want to buy a half dozen coins. but if I want to continue a set that I started 15 years ago?. That I would like to finish it also? I have to buy ONE reverse proof. and the P n D I could have completed a couple other sets at these prices. but I pick the coin that will never end. The Kennedys. I looked at a dozen ogp sets. everyone had no cameo on the front. should be a job opening at the mint. is this Kennedy coin going to just continue. have any of you… Read more »
I seen a Kennedy that says error . still in OGP . cool right were is the error. the error is the front. it never got its frosting?. I agree there is no frost / cameo. doesn’t make it a error. What I don’t understand . Is how anyone off these coins left the Mint. were is the quality control. on a limited set. I don’t see a error. I see a lazy Government employee that didn’t clean there die ? I guess. I don’t know. Anyway the front off these coins. look like a regular proofs?. with very little… Read more »
Seth Yeah I went there and got a set. About 3 days latter I got an email saying they had the Block Island in 70. Since I bought the set they offered the 70 Block Island for $50 off their regular price of $500. At the time they had not yet offered to the general public. I’m not sure if I’ll jump on that. But the set just does not look right with that one 69. Maybe I’ll go ahead and just get the NGC set. But that being said it only shows that PCGS does really give an accurate… Read more »
I bought 4 sets first day. Had them shipped over night. Recieved them on the 24th of july by 1030 am. All 4 sets look great. I am new to this coin collecting. Was wondering should i get any of them graded or just keep as they are? Would like to hear from you people who have been collecting for awhile. Thank you for any advise i can get
you want graded coins. buy them graded. my opinion.
you could have bought a decent set off coins?. time will tell.
OGP the coins you have. I believe will be hard to find in time.
they are cracking these sets open as quick as they can.
What is OGP?
original government packaging. the boxes you got in the mail.. .
Have another question. As i stated i ordered 4 sets 1st day all where great looking. So this past week ordered 3 more sets for a couple family members plus another set for myself. Well recieved them yesterday. Well the sets look good except for all 3 kennedy halfs look more like burnished american eagles. Question is should i keep them hoping they will he errors or return them to them mint?
Wonder what happened to there quality control at the mint. Looks like they are just after the money they can get. Not about what kinda product they put out. Its a shame
the quality on the Kennedy is the worst on any coin I have ever seen.. THERE IS NO ERROR COIN IN THIS SET The 70s will hold there value?. OGP sets will stay $54 bucks. I have to buy both to keep my set complete. I don’t believe there are 200,000 Kennedy collectors left.. If there was these sets would be gone? that leaves the FLIPPERS . and the new guy. .It is time to end the P and D Kennedys bags and rolls. The mint wants to continue it . there are several limited sets they can stick them… Read more »
Add one more to the list bobby, ngc Just recognize the “error kennedy ” as. Light finish and started slabbing them for $15 extra fee. Ngc. Claim they discover it . Ha lame. If it took this long for the graders to see the difference they must be color blind or something.
I havnt seen this coin slabed in a NGC holder. I will look.
first I have heard off NGC recognizing a error coin. from this set. light finish?. wonder if there’s a discount for the ones already graded wrong?.
thanks
https://ngccoin.com/news/article/6829/half-dollar-new-variety/ ngc broke the news yesterday. Theres like 10 ngc light finish slab coins available on ebay. Just type 2018 reverse proof kennedy light finish.
I seen the NGC coins. I honestly don’t understand the grade. I have this coin OGP .
I had nice sets they are gone and I kept the plane one with no finish. I guess I win?. I don’t know enough about grading to comment. I have a PL morgan wonder if they will change the grade.
to much cameo or cleaned the die to much.
this one coin in a NGC slab is the end for me. if it was a different grading service. I would understand?.
it was my impression. these coins are created with pressure and stamping it twice. had know idea someone actually applied frosting on them?.
as I understand the NGCs site you sent thanks. . I could send my coin in. if it is a actual error in there opinion..why would anyone have pay a extra $15 bucks to get the grade. doesn’t make sense to me.
cant Waite to see if PCGS slabs one..
Looks like the OGP sets are starting to climb, starting to push $90-$100 on eBay. Can they keep going up as more people get them graded? I feel lucky that I bought mine first day based on complaints (especially regarding the Kennedys) from people who bought sets later.