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I believe that returns do get resent to other people, especially with the 2010 sets because no new ones can be produced past the end of 2010. However, I cannot confirm this, it is just my most logical opinion.

 

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You have a point, I've returned orders for exchange but that was for an ATB and it was just that one coin alone. I guess I overlooked the part when they were talking about partial sets. In my mind, I was thinking the whole order has to be returned. My mistake, apologies for my confusion.

For refunds or exchanges you can send a copy of the receipt to them and they will mail you a refund check on the return shipping.

 

Well, another week gone by and we're another week closer to the 2010 Silver Proof sellout. Sales popped for the 2011 sets, but sales were only up marginally for the 2010 sets...or course, sales of the 2010 sets were suspended for most of the week.

What's interesting is that both silver and gold came down quite a bit in the past few days...the suspended gold products are back on sale, but the 2010 silver sets are still suspended. It's [FONT=&amp]almost [/FONT]as though the Mint knows what will happen to the price of PMs before it happens.

If the Mint resumes sales of the 2010 sets at current prices, I would expect to see sales shoot up...for a week, anyway. However, since the sets are still suspended, the Mint may be serious about a price hike this time. I can't see them raising the prices of the 2010 sets above the current price of the 2011 sets without raising prices for the 2011 sets, also.

That presents a dilemma if the Mint has a lot of 2010 sets left to sell. If they raise the price to equal the 2011 prices, who's going to buy them? Why buy last year's higher mintage set when you can get this year's lower mintage set for the same price? It should be interesting to see what the Mint actually does.

Silver Proof set sales as of 7 September, 2011...


[FONT=&amp]2010 [/FONT][FONT=&amp]Silver Proof Set sales: 490 for a total of 572,387
2011 Silver Proof Set sales: 3,201 for a total of 453,443

The lowest mintage of any modern Silver Proof set was 1995 (679,984). The average weekly sales figures needed by the end of the year (16 weeks left) to equal that mintage are...

2010 Silver Proof Set: (679,984 – 572,387) / 16 = 6,725
2011 Silver Proof Set: (679,984 – 453,443) / 16 = 14,159[/FONT]

 

Whats the total weight of silver in the quarter sets?

 

1.33866 Troy Ounces of pure silver...plus $5.06 face value of non-silver coins. When silver reaches $44.75/Oz, it's equal to the selling price of the 2010 Silver Proof set ($64.95)...sales of which are currently suspended. When silver reaches $46.98/Oz, it's equal to the selling price of the 2011 Silver Proof set ($67.95).

EDIT: Ooops, you asked about the quarter sets. That would be 0.9045 Troy Ounces of pure silver. The current price of the 2011 Silver quarter set (5 coins) is $41.95. Silver would have to reach $46.38 to equal the cost of the set.

 

Well, I sent back all four of my 2010 sets due to issues with the Presidential Dollars having brown spotting, streaking (that looks somewhat like tobacco spit). Hopefully I will get nice sets when they replace them. How many people have been having issues with the quality on the 2010?

 

I got a 2010 set about two weeks ago, and all my coins were perfect. So there are still some nice sets left that the mint is shipping out.

 

Undecided

someone had brought up the first spouse coins? are we talking the gold ones? Should that be a buy as well as the 2010 and 2011 silver sets.?


Im coming into about 5 grand, and im not sure if i should pull the trigger on half and half sets, and see what happens. I figure worst case senario I can just resell them on ebay.


What do you guys think.

15- 2010 silver
15- 2011 silver

First spouse????? what are your thoughts.

 

I love First Spouse coins! I've been collecting them since they came out and believe they will be big winners if you can hang on until the series ends. Also, the ones minted while gold prices are so high will be very rare indeed. Their rarity isn't questioned, the issue that comes under debate is whether or not they will ever have a significantly high collector base to push prices higher. My opinion is "Yes".

Value = Collector Base / Population

A coin with a population of 100,000 and a collector base of 1,000,000 is much more valuable than a coin with a population of 1000 and a collector base of 100. When it comes to First Spouse coins, I think the collector base will become significant over time.

 

This was a very good thread. Thanks for the information on Elaine. Her mint knowledge was great. I really miss her updates on the mintage of US coins. It is not easy to find that information and I had no idea where she got it. I figured that she had an insider at the mint. As for the quality of proof sets at this time of year, I'm guessing that they aren't as good. I always buy my sets early to avoid getting someone else's returns.

 

Hey Phil, I don't know where Elaine got her info, but I get mine from Coin Update. If you scroll all the way down to the bottom, you'll see a link to "US Mint Sales Reports" under "News Categories". Every Tuesday (normally) Coin Update publishes the latest US Mint sales report. I throw that info into spread sheets and do trend analysis...it's fun!

 

And we are refering to the Gold First spouse coins correct? RIght now they are going for around $1104.00 but I would imagine that its better to have the proof example that the uncirculated one. iTS only a difference 0f 15 dollars for the proof compared to the uncirculated one. Maybe Ill buy a few of those and then get a few of the 2010 and 2011 silver proof sets.

 

I know quite a few First Spouse collectors that couldn't keep up with the entire series and had to focus on one or the other. Most chose to keep the proofs since they looks so much nicer.

Bottomline...the Uncs will be much more rare (population-wise), but the Proofs will likely have a larger Collector Base...and, therefore, command higher prices (perhaps).

I started the series buying two (2) of every coin. I did that as insurance against a steep rise in gold prices. As it turns out, that wasn't a bad move. I've been keeping my best coins and selling some of the others to keep up with the series. Hopefully, I'll have enough coins to finish both the Unc and Proof series and not be presented with the unpleasant task of choosing one over the other.

Existing First Spouse coins have gone up quite a bit in price (over the price of gold) and there are still quite a few available due to people giving up on the series or selling either their Uncs or Proofs to focus on the other. My prediction (and I think it's a good one) is that this "availability" will dry up once the series completes...or nears completion. That's when you'll see prices begin to take off...(jmho).

 

Thanks; I've added this to my favorites. I wonder how they sold 27,884 Grand Canyon pucks when they made only 27,000. I'm thinking that they must have a waiting list of 884.

 

Could the 2010 and 2011 clad proof sets also be key?

 

Hmmm...that IS interesting. It seems odd that they would be counting folks on a waiting list as "sales". Can't wait to see how it settles out. May be worth a letter to Coin World...good catch!

 

Per the PCGS grader: the streaks wouldn't affect the grade (not an error, not a variation, not worth thinking about).

 

It's not a "recognized" variation. I don't know about PCGS, but NGC only recognizes variations documented by Cherry Pickers. I wouldn't call it an error, either because it is the result of die preparation and not the result of the striking process. If the streaks affect "eye appeal", it may not affect the Shelton grade, but it wouldn't get any sort of "Star" designation.

I agree that the streaks aren't enough of a variation to think about. The point I was trying to make is that there have been some dramatic texturing variations turning up. This is a completely new step in the minting process and it may be a number of years before these types of variations are fully understood and appreciated.

 

2010 are available again. Tempted to pick up some quarter sets.

 

Hey, I'm nobody to rely on for advice, but reading this I just have to say...

If I were coming into 5 grand and wanted to invest in coins from the mint that I thought would gain in value, I'd make sure to put some of that 5 grand in the upcoming 25 Anniversary Silver Eagle set:

http://www.coinnews.net/2011/08/25/american-silver-eagle-25th-anniversary-set/

You can order up to 5 of them.