2021 Silver proof set, priced at..... $105.00????

I am definitely taking a pass.

 

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I'm with 'condor', and besides......I do have a subscription. Price squawking aside (and believe me, I'm rather PO'd at the price) I remain..........

 

I'm on the fence on this theory myself and here's why. every year they make proof sets and every year they sell them, and every year they don't really gain value all that much, exception I guess would be the 2012S silver proof set.... I dunno, you may have a point.

I guess it's best to watch the sales of the set as the year progresses. I don't see it being anything worth $105 unless it's down below a 400K mintage even then they don't gain much value. I mean it's not 14 coins like 2012, it's 7. even the price for the 2012 set makes no sense to me, it's not much lower than any other year, in fact 2015 S silver is lower mintage, just dealers paying more for sets on the aftermarket for their "enrollment" sets like HSN I guess and the mint ending sales on it early I suppose that pushed the price up.

I won't be spending $105.00 to gamble that the mint might end sales early, or low mintage it, heck, they might realize their stupidity and adjust the price downward later in the year just like they raised it late last year.

And heck the clad proof set, 3 coins shorter, no bonus coin, and same price as last year. I guess it's the packaging that has the most cost and value and the coins are costless or something??? LOL Sorry, I don't want to pay those kinds of prices for packaging, send out the ring boxes with tissue paper again thank you very much!

 

I have an automatic subscription, and I hope my Credit Card transaction gets DECLINED! This is really crazy. I got five of the standard proof sets at $32/each, but did not know until after they just got released. (I thought that perhaps it would be a more reasonable price). Once again, automatic subscription and the $160 total would have brought my card balance over-limit, but CitiBank (issuer of my credit card account) accepted the transaction (fortunately no over-limit fee to add "salt" to my wound). I have to agree, this is absolutely absurd!

Perhaps enough people will cancel and this would become a poor seller, contributing to a greater level of scarcity in the long run?

Keep our eyes on it and we'll see what happens!

 

I have an automatic subscription, and I hope my Credit Card transaction gets DECLINED! This is really crazy. I got five of the standard proof sets at $32/each, but did not know until after they just got released. (I thought that perhaps it would be a more reasonable price). Once again, automatic subscription and the $160 total would have brought my card balance over-limit, but CitiBank (issuer of my credit card account) accepted the transaction (fortunately no over-limit fee to add "salt" to my wound). I have to agree, this is absolutely absurd!

Perhaps enough people will cancel and this would become a poor seller, contributing to a greater level of scarcity in the long run?

Keep our eyes on it and we'll see what happens!

 

I have an automatic subscription, and I hope my Credit Card transaction gets DECLINED! This is really crazy. I got five of the standard proof sets at $32/each, but did not know until after they just got released. (I thought that perhaps it would be a more reasonable price). Once again, automatic subscription and the $160 total would have brought my card balance over-limit, but CitiBank (issuer of my credit card account) accepted the transaction (fortunately no over-limit fee to add "salt" to my wound). I have to agree, this is absolutely absurd!

Perhaps enough people will cancel and this would become a poor seller, contributing to a greater level of scarcity in the long run?

Keep our eyes on it and we'll see what happens!

 

Of the silver proof set, my favorite would be the 99.9% JFK. I wished the Mint would sell the coin on an individual basis. With a 105$ price tag, I can only cringe at the secondary price of the JFK coin.

I have the mint silver sets from 1999 to 2009. I think 2021 price tag is crazy.

 

Nope, not me. I stopped buying mint sets last year and have no intention of starting up again in the near future.

 

I think most people are counting on these, being sold at silver prices in the long run, I don't think anyone is legitimately going to pay $150 or more on the secondary market for this set, much less the $105, it's just unrealistic pricing from the mint.

HOWEVER, Mintage can be a factor here. I just know better than to think the mint is going to make 100K of them or less and call it a day. It's possible, it's just unlikely. it's still sitting on "none" for mintage, product or ordering limits. something to keep an eye on I suppose, but i'd wait it out, maybe it doesn't sell well at all and they come back to reality and they reduce the price.

Checking cumulative sales figures,
they sold 283,433 silver proof sets until Week ending Oct. 11th the price increase took effect oct. 13th, and their Dec. 27th sales number for this set was 313,376.
29,943 were sold after the price increase, darn near 10% of the sales pre-increase.

So yeah by end of week 41, pre-price increase, they sold 283,433 and average of 6913 sets per week. from week 42 until week 52, they averaged 2722 a week sold.
A pretty dramatic reduction.

Really depends on how they supply the coins, if they do big run and it sit on sets in a warehouse, or if they do a small run and stick the overflow on back order and mint to need for the rest as the backorder hits certain benchmarks to make a run worth the set up, of course cancelling orders for people also.

Something to watch on how they handle it. I think a possibility exists they stay the course and make production adjustments it winds up at around 150K or less sold by the end of the year. I just know the marketers are gonna want their sets to sell for exorbitant prices regardless of how much the mint charges.

All speculation of course with some data that's available, for all I know silver is about to blast through the stratosphere and the dollar tank and the treasury has already told them "sell that silver high!", I doubt that's the case, but who knows until ya know really, hindsight is 20/20, foresight is myopic and fallible.

 

The silver JFK is the only one I’m interested in. I’ve bought a few separated and slabbed. But at $105 a set, I expect this year’s will have a really idiotic premium with a lot of sellers.

 

FYI, I bought a 2020 Silver JFK for 29.65 on ebay.

 

The only thing that I wanted this year was the 2021 W ASE and the Tuskegee P/D Quarters. They were the last quarters I needed to fill my National Parks book. I got one each for less than $2 from Mount Vernon. I like them. I did get the 2021 W ASE. I think I have the Silver Proof Set in my Enrollments. I wanted to get the Presidential Medals, but every time a new one comes up, so does the price.

 

Eventually, I think that will happen. Plus you'll see a hike after a while on the proof sets. When we can get them at auction for a couple bucks a piece and people pull them out for their whitman albums, the few remaining in tact ones will be worth something. Some day. Who knows when......

 

Amen! The Mint has sunk to a new low - is that really possible? - by confusing and manipulating speculators with numismatists. This year, these profiteering bureau-nimrods have finally crossed the line...

 

Get used to it it’s going to be the norm going forward. Like I’ve been saying for months the mint is operating more like the major world mints do. At some point people start accepting the price and if you look around other countries actually charge more. That said what it sets up for long term is for them to offer bulk buyer discounts which is better for them. They have less to ship and big boys don’t return things at anywhere near the rate individual collectors do.

But yes I would expect future pricing to remain more on par with how the rest of the world prices things.

 

Hey, if they're going to keep wantonly printing money and handing it out to citizens and illegals, they're going to upcharge every single thing they can. Gotta fund 'free' handouts somehow. Hell, they don't produce anything except money. No goods, services, manufacturing, intellectual property, nothing. They 'earn' money by taxing the crap out of us and raping us through little things like US Mint offerings.

I agree with @baseball21 , get used to it because it isn't going to change. Well that's not entirely true. It will get even worse. Look at these times as the calm before the storm, as tough as that may seem. They're basically coming right out and telling us our money is worth much less than it was just last year before they started with 'stimulus' handouts.

 

To quote a line from Billy Joel "You may be wrong but you may be right."

I don't know what the Mint's thought process is regarding pricing, I'm sure the fervor of the conversation will only increase with the release of the Peace Dollar. Oy Vey!

 

I don't think a paltry few tens of millions from Mint customers is going to make a noticeable difference in anything. Heck, in the last few years, taxes are a drop in the bucket compared to the euphemistic "borrowing" -- after all, their policies are 100% guaranteed to lead to explosive growth (in something, a little fuzzy on the details there), and our grandkids will easily be able to pay off all that debt, right?

Maybe somebody needs to make the argument that dropping premiums on Mint products will stimulate the economy enough to produce a net gain. Heck, they should try negative premiums.

 

Since I have all the Silver Proof sets from 1992-2020 I don't want to break up the run. (And some from the 50's & 60's). I'm annoyed at the price but it is what it is. I'm not concerned about making a profit because they'll be left to my Grand daughter. I'd like to see her keep them as a remembrance of me but I have no control over that.