Free Money!

I've also heard "rumors" of dealers melting earlier issues. I suppose it could have happened, but it doesn't seem to make sense to me. Bullion is bullion...why would dealers melt pure gold coins just to make everyone else's coins worth more. I suspect it was just an attempt to increase interest in the coins the Dealers were trying to sell...(jmho).

The link I posted shows that First Spouse coins are sold during the same period of their associated Presidential dollar. There are four (4) Presidential dollars issued throughout the year...usually the first week of March, June, September, and December. The Mary Lincoln First Spouse coin went on sale 03Dec2010 and should go off sale right around 03Dec2011.

First Spouse coins often sell out early, but rarely stay on sale more than a week or so after they're supposed to go off sale. I believe the Anna Harrison was the most notable exception. Anna stayed on sale about three (3) weeks after it was suppose to go off sale so it's not impossible to happen...just improbable.

 

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Right you are!! :thumb:

 

I was confused by this until I realized you must mean the 2010 sets are available until Dec 30 2011. (not 2010). This means this is the last possible date they could be sold. It's proof enough that coins can be sold by the mint after the issue year. There are some 2009 coins on there for sale. The mint isn't in the business of destroying lots of coins. (beyond errors)

 

Um. Swearing isn't permitted here, is it?

You are correct - I got the year wrong.

 

Nothing holds 'em from selling beyond the calender year......just can't strike 'em (supposedly) beyond that (calendar year).

 

You're absolutely right! I might add that there's really nothing that keeps the Mint from selling the 2011 sets throughout 2012...but they "typically" stop selling one year's product once the next year comes out. 2010 was the exception because the release date was shifting and it didn't make sense to keep the 2010 sets on sale for just 5 months. That was the whole reason I started this thread...

1. Sales of Silver Proof sets were soft
2. Two products were competing against each other
3. The price of the products was (at the time) very close to the melt value of the sets

Key date coins near melt = FREE MONEY!!! :hail:

 

The Countdown continues...

It looks like the 2010 Silver Proof sets will end the year with a mintage of about 580,000. That would make 2010 the lowest mintage silver proof dime and half dollar since 1956!! The 2011 sets could finish even lower than that!

Silver Proof set sales as of 25 October, 2011...

2010 Silver Proof Set sales: 434 for a total of 575,038
2011 Silver Proof Set sales: 4,993 for a total of 476,192

The lowest mintage of any modern Silver Proof set was 1995 (679,984). The average weekly sales figures for 2010 sets needed by the end of the year (9 weeks left) to equal that mintage is...

2010 Silver Proof Set: (679,984 – 575,038) / 9 = 11,661

The average weekly sales figures for 2011 sets needed by the end of January 2011 (13 weeks left) to equal that mintage are...

2011 Silver Proof Set: (679,984 – 476,192) / 13 = 15,676

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Is the silver 2010 ATB set a good prospect for raising in value?

 

Which silver ATB set?

There are two versions of the five-ounce 99.9% silver ATB coins, as well as the 90% silver proof ATB set.

Edited to add more detail:
There were 33,000 of each of the 2010 5-oz silver bullion coins.

There were 27,000 of each of the uncirculated 2010 5-oz silver bullion coins.

How collectible either of those is a guess. Many people are expecting them to be the key date because of the low mintage, but it really depends on what happens in the future. Due to the way the bullion coins were sold, many collectors lost interest in them.

I don't have any idea how collectible the 90% silver ATB quarters are. They are readily available, so I doubt it, but I don't know the mintage of other silver proof quarters.

 

Opps meant to say the 5 quarter 90% set, not the 5oz hockey pucks.

 

Yes indeed. A nice offering from the mint that is often overlooked. It's a good way to acquire very high quality, very liquid, silver at low premiums. The amount is small enough where you can dispose of them without any reporting obligations. They are also nice to look at. The mint does a good job on these proofs. However,

I'm sure there are people who are collecting the ATB series of quarters but it remains to be seen how many. I think the US Mint (rather Congress) jumped on this too soon since it was right after the state quarter program. A lot of people also buy these sets simply because if you pay attention to it and silver prices, it's possible to purchase them at close to spot. There have been several topics here on that. The Mint will let you buy as many as you like and shipping is an amazing low $4.95 and no fees for credit cards. If the price of the set gets close to spot prices, there is no other deal that compares for buying high quality US mint silver. As a comparison, most on-line dealers are charging between 14% and 18% premium to buy a non-proof ASE with a CC.

IMO, there isn't going to be much of a numismatic value on these quarters proof sets. Increases in value will come from rises in silver. There are a lot of them produced. As for the complete silver proof set, the big value there beyond the silver quarters are in the dime and 1/2 (as mentioned above). That is the only way to get the silver dime and 1/2 dollar and many people continue to collect these in the PM versions.

 

I haven't gotten any of these from the Mint, but I did get a great deal on two 2005 silver proof sets earlier this year. Doubly beautiful coins.

 

Agreed. I like the full proof sets primarily for the addition of the Lincoln & Dime. The penny & nickel are also nice if you are building those collections. In fact, the 2009 set is particularly attractive because it contains the unique 4 penny Lincoln set. They can however, keep the abomination chuckey cheeze token looking dollar coins IMO. I've got no interest in those.

From a pure metal value, the silver quarter proof set is usually a better deal even if you subtract out the face value of the presidential dollars and other non-silver change of the full proof set. I buy both. Silver quarter proof if it is a good silver deal, and the full proof set as a collector.

 

Into the Home Stretch...:dead-horse:

It must seem like "forever" since this thread started, but we're in the "home stretch" now! Just eight (8) weeks left to buy the 2010 Silver Proof sets!! I'm sure there will be a burst of sales right at the end...but as it stands, final sales should be right around 580,000.

I guess the question now is whether or not the 2011 sales will come in under the 2010 sales. At current sales rates, it looks like sales of the 2011 Silver Proof sets will be even lower...around 550,000. You're looking at the past...in the future!!! It's like living in 1915 and knowing you have a chance to pick up Unc rolls of 1916-d Mercury dimes (well, not exactly, but you get the point). Twenty (20) years from now you'll be asking yourself, "What the heck was I thinking when I passed up on the 2010/2011 Silver Proof sets?".

Think about it...if the price of silver drops significantly, sales of future sets will go back up into the Millions. If the price of silver continues to go up, future proof set sales will likely continue to fall...but then you'll make $$ on the price of silver. Either way, you WIN!!


Silver Proof set sales as of 01 November, 2011...

2010 Silver Proof Set sales: 468 for a total of 575,506
2011 Silver Proof Set sales: 4,961 for a total of 481,153

The lowest mintage of any modern Silver Proof set was 1995 (679,984). The average weekly sales figures for 2010 sets needed by the end of the year (8 weeks left) to equal that mintage is...

2010 Silver Proof Set: (679,984 – 575,506) / 8 = 13,060

The average weekly sales figures for 2011 sets needed by the end of January 2011 (12 weeks left) to equal that mintage are...

2011 Silver Proof Set: (679,984 – 481,153) / 12 = 16,569

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Could this be the best year ever?
I have 3 each of 2010 and 2011 silver proof sets and committed to 5 sets of 25th ASE's.
Free money vs big potential.
Affordable vs expensive.
Great members, great community - Priceless!

 

I just told the wife I'd like a 2010 and 2011 silver proof set for Christmas

 

Yakpoo - Love your original post and agree with the thesis. I do have a question about a comment the author mentioned at the end of the article/blog post. The last paragraph of article/blog says:

"The US Mint has sold 573,269 sets to date. This might be the third lowest mintage Silver Proof Set, after the 1995 (549,878) and the 1993 (570,213). It will likely be the lowest mintage of the rotating quarter designs era of 1999-present. The current low is 694,406 for the 2009 Silver Proof Set, although the 1999 Silver Proof Set with a mintage of 804,565 commands the biggest premium."

I know you have been saying since the beginning that the 1995 was about 680,000 so not sure if this "article/blog" has its numbers for 1995 and 1993 slightly off or if someone's Silver Proof vs Uncirculated numbers got mixed up somewhere. I am relatively new so I have no idea just thought I would mention it hear so we could fact check this "article's" comments.

Thanks.

 

I believe Yak's numbers include the Premier silver proof sets as well and are indeed correct. TC

 

Right you are, TC!! :thumb:

 

Looks like you're not alone...sales are up quite a bit this week!



Silver Proof set sales as of 08 November, 2011...

2010 Silver Proof Set sales: 810 for a total of 576,316
2011 Silver Proof Set sales: 6,766 for a total of 487,919

The lowest mintage of any modern Silver Proof set was 1995 (679,984). The average weekly sales figures for 2010 sets needed by the end of the year (7 weeks left) to equal that mintage is...

2010 Silver Proof Set: (679,984 – 576,316) / 7 = 14,810

The average weekly sales figures for 2011 sets needed by the end of January 2011 (11 weeks left) to equal that mintage are...

2011 Silver Proof Set: (679,984 – 487,919) / 11 = 17,460

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