Early 2011 Unc/Proof Release

Still waiting for my subscription proof sets...the snow in the midwest might have slowed things down a bit.

Interesting...First weeks sales numbers for the Silver Proof set:

2009: 271,372
2010: 241,656
2011: 209,367

With 2010 sets "supposedly" to remain on sale through the end of 2011, it will be interesting to see what the final sales numbers will be of the 2011 sets.

 

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FYI CoinVault was selling them for $99.95 on TV last night

 

CoinVault, surprised they didn't ask for more (lol)

 

Just received my 2011 Silver Proof Set . Absolutely flawless .

 

Encouraging. Mine has been shipped....should have it tomorrow. This is a subscription was yours?

 

Yes.

 

Here's an interesting development...

Sales of 2010 Silver Proof sets have averaged less than 3,500/week since the start of the year.

This past week, sales came in at 8,315!!

What's up with that?

Folks must have just now realized that the 2010 set contains the same amount of silver as the 2011 set, but for $11 less.

When silver's at $36/Oz, the silver content of the 2010 Silver Proof set is $48.20...and
the sets have another $5.06 cents in non-silver coins, bringing the total to $53.26.

The 2010 set only costs $56.95 from the Mint...which represents a mere 6.5% premium. If silver reaches $38.80/Oz...the Mint will be paying you to take them off their hands!!

 

Yak: Your prediction finally came true for the 2010 silver proof set:

http://mintnewsblog.blogspot.com/2011/03/prices-raised-for-some-us-mint-silver.html

TC

 

Dang, I felt for sure that they would continue selling the sets at the 2010 price untill they sold out. They must have a ton o' these 2010's left over. Guess they figured they could "cash" in on the rising PM prices. What I can't understand is why they would wait till now to raise the price of these sets.

 

Yep! I tried to get the word out that these were a great deal. I thought the Mint would raise prices once the 2011 sets came out. I'm really surprised it took them this long before raising prices. I hope everyone that wanted some got 'em before the increase. :hail:

EDIT: I wonder if last week's huge increase in sales was the result of "Insider Trading"?!

 

hmm do you suppose the silver set would drop if silver took a dump? Wishful thinking I bet!
Oh well I'm kicking myself in the butt for not getting some last week! Had my finger on the buy button, but had to think about the basics like food!

 

Food is overrated!

 

Since the 2010 Silver Proof set price adjustment has gone into effect, their sales have fallen off...below 2,000 sets per month.

As of 29Mar2011, the total number of 2010 Silver Proof sets sold is 559,306. There are 39 weeks left in 2011 and (assuming no sellout and continued sales at these levels) there should be less than 80,000 additional sets sold.

That would bring the total mintage to less than 640,000!! The 2010 Silver Proof set could be a WINNER if these numbers hold up.

 

I am a wee bit slow.... I just recieved my year 2000 set yesterday. Man an 11 year wait. :devil:

 

WOW!! Sales of the 2010 Silver Proof set fell below 1000 this past week (974). I can't wait to see what the final numbers will be! Let's all raise our glasses and hope for an early sell out!! :cheers:

 

Well...here's the next nail in the coffin for the 2010 Silver Proof sets!

The US Mint has suspended sales of the 2010 Silver Proof sets and the 2010 ATB Silver Proof sets, which often precedes price increases...or (possibly) sell outs!

Silver has gone up a lot in the past month, but it still seems odd to raise prices again so soon...especially since these coins were minted when silver prices were much lower.

The price of the 2010 Silver Proof set was raised from $57 to $65 less than a month ago. The 2011 Silver Proof sets are still available with no looming price increases. This brings into question the purpose for the 2010 Silver Proof sales stoppage.

As of April 3rd, the Mint has sold 560,280 2010 Silver Proof sets. If these sets were to "Sell Out" now...WOW!!

 

I guess the Treasury is trying to ring out every cent profit it can make. It will sit on the silver, till the bubble bust, Then sell at the higher price. I am actually very happy the treasury is acting compitantly as opposed to the Federal Reserve.

 

Beats me why they just don't can the sales of 2010 silver sets. They must have a ton o' them left over.

 

In the past, the Mint has sold their "Annual Sets" from August to August. This year (2011) they announced they would begin offering Annual sets in January. Since the 2010 sets weren't released until August 2010, the Mint announced that the 2010 sets would be on sale through December 2011.

The Mint never offered the previous year's annual sets past August, but now they're going through December? Something seemed "fishy" to me right away! Then they continued to price the 2010 Silver Proof sets $11 less than the 2011 Silver Proof sets...that seemed odd, also!

On March 18th, the Mint finally raised the prices of the 2010 sets; that seemed reasonable...but now...they're gonna raise them again? ...three (3) weeks later? ...and NOT the 2011 sets? ...the "fish" stink is returning! :fish:

The Mint made a significant policy change with the First Spouse series in the middle 2010. Rather than melt unsold coins, they began "estimating" sales and minting coins to those estimates rather than the maximum allowable mintage. That accounts for the many early FS sellouts we've been seeing.

If the Mint began doing that with the First Spouse series, it's reasonable to think they could do the same with other sets, as well. Especially when this year has a unique overlap of product that they (The Mint) may not want competing against each other.

Bottomline...the Mint had to (by law) stop minting the 2010 Silver Proof sets at the end of December 2010. How many sets did they finally produce? ...that's the question!

There's a "chance" the Mint created a very low mintage Silver Proof set and the current suspension is to wait for returns...then a sell out, rather than a price hike.

 

I like your take on things Yak.....