What's taking so long with the 2012 silver proof set?

Discussion in 'US Coins Forum' started by Hawkwing74, Feb 19, 2012.

  1. Hawkwing74

    Hawkwing74 Member

    Last year on this very day I went out and purchased 2 2011 silver proof sets. One for me, and one for my baby that was born later that day. So what's up with the delay this year? All they have released is the silver quarter set.

    Was it the uncertainty with the Presidential Dollar program? I figured they would always make them for the proof sets, even if they never made any for circulation.

    I want my 2012 proof set! :smile
     
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  3. coinman0456

    coinman0456 Coin Collector

    Once again, I think it is much to do with the silver market and pricing of these sets. Either way, it makes no difference to me, I'm not buying these modern sets.
     
  4. This is just a guess, but I think this may have something to do with the uncertainty regarding the Presidential dollar program. It may have impacted their plans for release dates of even unrelated items. Some people may start hoarding these Presidential dollar roles now, and it is possible they are trying to prepare for that happening. TC
     
  5. silverfool

    silverfool Active Member

    they have no real yearly schedule. some years it's not 'till may or later, usually earlier. the mint just does their own thing based on????
     
  6. Danr

    Danr Numismatist

    sometimes they are late
     
  7. krispy

    krispy krispy

    The reason you saw annual sets released so early in 2011 is because the Mint made a concerted effort and stories were published announcing that fact that products in 2011 would be released early. The topic was discussed on forums such as this as well. It's far more common, as this story from Coin News mentioned in 2010, that such annual products came out at later points in the year, last year being noted as the first time in at least a decade since the annual sets were released so early:

    US Mint Products for January Include 2011 Proof Set and 2011 Mint Set from CoinNews.net [9/15/2010]

    I personally disagree that the ongoing debate and recent changes to circulating golden dollar coins has anything to do with impacting the release of these collectors products being discussed. At least for this year, the coins will continue being made for the annual set. Coin production gears up in the last quarter of the preceding year, which is the only way that production of both business and numismatic products can ever reach you so early in the year, such as in 2011.

    The Mint made no claims that such annual products would continue to be released earlier in the year, year after year, as they were in 2011, nor should the price of precious metals materials be pointed to as impacting the release of such products. THe Mint purchases their materials and begins production way ahead of you suddenly realizing the coins are not out at the same time again this year.

    Your best bet for obtaining such products at the earliest possible date is to have a subscription (when offered) in place via the U.S. Mint's website or by monitoring the US Mint's 2012 Product Schedule regularly, which Mint News Blog noted on 2/17/12 is curiously devoid of upcoming product announcements, read:The US Mint’s Empty Product Schedule [2/17/2012]

    If any of you read the US Mint's 2011 Annual Report [PDF], Deputy Director Peterson added a lengthy paragraph about the "Road Ahead" (page 3) and detailed the Mint's focus on submitting a report by December 2012 to Congress about new coin compositions.

    I think the potential for new metals composition is something of immense impact coming that will effect the production of coins in the years ahead. It won't be this year of course, but it seems imminent in the near future. This year, the Mint simply hasn't published release dates and is doing one thing they do really well, failing to inform the customers (collectors) with informative advertisement and operating in a typically inconsistent manner. That's what you get to pay more for when you collect via the US Mint, the entity without a Director for more than a year and one which is doing anything but serving its loyal and dedicated consumers, commanded by a marketing department that slaps their own backs silly over insanely fast sell outs due to skewed concepts like household limits and allowing for a faulty online ordering network and phone lines, even at the consternation and protests of their very customers left dealing with being shut out or left empty handed. You collectors are empty handed for your annual sets right now and are equally without timely information about their release, which in recent years past was at least published at the end of the previous year in or around December, so that you may plan your purchases and anticipate new coins accordingly.
     
  8. Hawkwing74

    Hawkwing74 Member

    Thanks for the information.
     
  9. sodude

    sodude Well-Known Member

    Yes, they probably looked at 2011 sales and realized there was no benefit to rushing out all the sets again.
     
  10. rickmp

    rickmp Frequently flatulent.

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