2012 United States Mint Limited Edition Silver Proof Set

Tomorrow November 27, 2012 at 12:00 Noon ET, the United States Mint will launch the 2012 Limited Edition Silver Proof Set. Details of this new product were revealed last week.

Each set contains eight silver coins consisting of the following:

• 2012-W Proof Silver Eagle – struck in 99.9% silver
• 5 – 2012-S Silver Proof America the Beautiful Quarters – the designs feature El Yuqnue National Forest, Chaco Culture National Historical Park, Acadia National Park, Hawaii Volcanoes National Park, and Denali National Park. Each coin is struck in 90% silver.
• 2012-S Silver Proof Roosevelt Dime – struck in 90% silver
• 2012-S Silver Proof Kennedy Half Dollar – struck in 90% silver

The coins are packaged within a protective lens and display case. A product limit of 50,000 units has been indicated within an initial ordering limit of two sets per household. This limit will be re-evaluated on a weekly basis and either extended, adjusted, or removed. The price of each set is $149.95.

According to the product page, shipping is expected to begin in late December.

All of the coins included in the upcoming set have been offered within previously released products. The 2012 Proof Silver Eagle with the “W” mint mark was offered for sale individually from April 12, 2012 until the sell out on November 13. Pricing for the individual proof was initially $59.95, lowered to $54.95, and then raised to $59.95.

The five 2012-S Silver Proof Quarters were available in the 2012 America the Beautiful Quarters Silver Proof Set, released on January 9, 2012 and priced at $41.95. The quarters were also included within the full 2012 Silver Proof Set released on June 4, 2012 and priced at $67.95. Both of these products still remain available for sale.

The 2012-S Silver Proof Kennedy Half Dollar was accidentally released within the some examples of the 2012 Birth Set, which went on sale March 13, 2012. This was followed by the regular release within the 2012 Silver Proof Set on June 4, 2012. The 2012-S Silver Proof Roosevelt Dime was released within the 2012 Silver Proof Set.

As mentioned in the previous post on this product, the $149.95 price of the 2012 Limited Edition Silver Proof Set is greater than the last price of the individual 2012 Proof Silver Eagle and the price of the 2012 Silver Proof Set. These two products would cost $127.90 and also include the cent, nickel, and five $1 coins.

An interesting aspect of this release is that it continues the increasing use of the American Silver Eagle within US Mint numismatic products. This year we have seen the traditional individual proof, the individual uncirculated coin with “W” mint mark, the San Francisco Silver Eagle Set, the Making American History Coin and Currency Set, the Annual Uncirculated Dollar Coin Set, and now the Limited Edition Silver Proof Set.

On a separate but related note, I have just launched a Silver Eagle Collector Forum on an existing site of mine. Registration is free and there are already a few topics posted. I hope that this new forum can serve as a great resource for collectors to discuss or ask questions about this popular coin series. Check out the forum here.

2012-11-30 15:03:01

Source: http://blog.jtcoins.com/2012-united-states-mint-limited-edition-silver-proof-set.html