2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

The difference between then and now is that back then the mintage on the Buffalo coin was set in stone. Not so with the San Fran issue. "Mint to demand". Lots of wiggle room with this issue, but the mint ain't getting much wiggle room from collectors......

 

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That's right. I cut and pasted below so at least everyone will know that the US Mint knows they messed up and supposedly apologized. They should have told us the whole story up front, instead of making us think the mintage numbers were solid. Every time I read about it, I get a little angry all over again.

The Reverse Proof coin in the 2012 American Eagle San Francisco Two-Coin Silver set remains exclusive to that set, U.S. Mint officials said July 19, and will not be offered separately or in any other 2012 set.
U.S. Mint officials confirmed July 19 that development of the 2012 Making American History Coin and Currency set was under way prior to the May 2 announcement of the two-coin set. The officials also apologized for the lack of communication that led Mint customers to believe the Proof 2012-S American Eagle silver dollar would be available only in the two-coin set.
The U.S. Mint recorded sales for 251,302 of the two-coin sets between noon EDT June 7 and 5 p.m. EDT July 5. That total is subject to order reconciliation and auditing. Each set sold for $149.95.

 

What a buncha blowholes at the mint. The left hand doesn't know what the right hand is doing.

 

Gee whiz, Fret! It's like a revelation of what I have been saying about the Mint has suddenly befallen you. :thumb:

 

While they are not printed as currency, they are not replicas in the sense of being fake or lesser in quality, as they are issued by the B.E.P. from original dies (plates) and reproduced to scale, with some exceptions as I will mention below.

Another difference too is that the B.E.P. isn't in the business of issuing legal tender replicas like the Mint does with coins such as the silver eagles, taking old designs (WLH) and recycling them for use on bullion coins and extending that concept into the line of numismatic issues. The B.E.P. does reproduce currency from original dies of past Series of notes, and these are usually sold as Souvenir Cards at the big numismatic shows, but they don't reproduce the Treasury seals and SNs nor print them face to back which would complete them as currency.

Trouble is, they can't just issue legal tender notes of a novelty collector design the way we see coins exploited in this way. The folks who push back about the fundamental value of modern Mint products minted as NIFC understand this well. Similarly, there aren't a bunch of old notes laying around that they can use either, and most coin collectors, although they love the designs of old notes, aren't willing very often to belly up to the high price of rare collectible paper notes.

I also collect Souvenir cards and have many fantastic examples in pristine printed condition, made from the old dies (plates). They are extremely easy to afford, find and enjoy in a way that my budget would never give me access to the actual rare high grade notes of the same condition. These cards also allow me access to the designs while I can also put my budget towards other notes that I like collect.

 

the mintage for 2012s silver proof eagle can be around 280,000 to 350,000. but still lower than the semi key date 1994p silver proof eagle 372,168. 1994 p currently priced between $95.00 to $115.00.

the mintage for 2012s reverse proof silver dollar mintage is almost equal to 2006p reverve proof. and can be lesser than 2006p if cancelling and bad credit card calculated. currently 2006p sell around $275.00 to $300.00.

combined these two coins together. and that beautiful boxes and sleeves. you figure it out how much this 2012s 2 coin set will worth?.

 

All you people who are bent out shape on the mintage numbers wouldn't be making as much noise if the 2012 SF set ended up with twice as many orders as there was. It was mint to demand, the final numbers could have been anything and likely could have been a lot less since dealers and regular folks were buying more than one set to hopefully flip and sell to make profit.

Mint produces collectibles to make money. You people are getting mad at them for wanting to make money with their own products and they have every right to make just one to offer or a million of whatever product. Time to worry about more important things I say. Buy the set if you want it, if all you worry about is it's potential value, I can only suggest you should venture into a different arena for such investments purposes.

It's like getting mad at a company for producing too many collectible beanie babies because you wanted to buy a few extra to overcharge people who missed out. Time to worry about more important things I say.

 

backordered were restored again to sept 28 and october 31.

 

same here. my status changed from 7/27 to backordered 9/28

 

Yeah same here, back to Oct. 31. I was fine with that when I ordered but I wish they wouldn't jump back and forth on the dates like that. That's a three month span. Come on. I can see why people are tired of the mint. This is my first order with them.

 

The july 27 date was obviously a glitch in their crappy system.

 

You mean the same system they reportedly overhauled after last years mess with this series? Mine moved back out too

 

Well the thing is, the intent of this set and other 'limited' sets is to drive collector interest by making the set limited in production. They already have series that they bang out endless numbers on - the bullion issues and normal proofs.

People would not normally put down the type of money (2.7X spot price) if mintage was to be unlimited. The fact that there's a shortage (or perceived shortage) is what drives pricing and demand on these types of products. Issuing more of the items after people arleady made purchases undercuts the purpose of these types of sets.

 

Yeah, that system. I doubt the new one, if there really was a new one is any better than the old.

My order near the end moved all the way back the 10/31.

My order at 12:03 on the first day is being delivered today.

 

It has nothing to do with that system...

The dates the Mint provides for customers orders are estimates, nothing more. The Mint doe not guarantee these dates. Estimates are what they've always have been until they update your order with a status of, shipped. Then the delivery time for the rate selected is another estimate.

Even among parcel carriers, such services as USPS Express Mail have no guarantee to deliver on time, but with such a service, the USPS will reimburse the cost of shipping if they fail to deliver on time. This is just an example and one that I have experience with.

 

Yeah same thing here, my last order which I placed closer to the end of the offering was stuck on 7/27 but has also been changed to 10/31 now. Good news is that my first 2 orders placed at 12:08 and 12:42 respectively are finally going to arrive tomorrow!

 

That's awesome! Unfortunately, I won't have much time to enjoy mine. A bunch of them are being sold, and the rest are going off to grading by this weekend

 

Yeah I hear that, I am considering sending in a few to be graded as well, and a few to sell if the price is right... If not i'll just hang onto them, I don't think they are gonna tank in value anytime soon (or at least will hold their value better then Facebook stock ).

I also just got a pair of 2012 w $50 gold eagles which i'm gonna send in for grading so i'll probably pull some other stuff outta the safe al well and do it all at once... i've got a few really nice 2006 20th anniversary ASE RP's which are dying to be slabbed 70's~

 

Three completed, in hand, true ebay auctions.
http://www.ebay.com/itm/2012-United-States-Mint-American-Eagle-San-Francisco-Two-2-Coin-Silver-Proof-Set-/320956617197?pt=Coins_US_Individual&hash=item4aba8151ed

http://www.ebay.com/itm/2012-United-States-Mint-American-Eagle-San-Francisco-Two-2-Coin-Silver-Proof-Set-/300753132506?pt=Coins_US_Individual&hash=item4606489bdahttp://www.ebay.com/itm/2012-S-AMERICAN-EAGLE-SAN-FRANCISCO-TWO-COIN-SILVER-PROOF-SET-ON-HAND-/140815148778?pt=Coins_US_Individual&hash=item20c93ca6ea

http://www.ebay.com/itm/2012-S-AMERICAN-EAGLE-SAN-FRANCISCO-TWO-COIN-SILVER-PROOF-SET-ON-HAND-/140815148778?pt=Coins_US_Individual&hash=item20c93ca6ea

 

^

Sales are ranging from a low of $200 - $250 or so. I've been selling single RPs at $175 - 180. Seems to be little or no interest in the normal proof, even though it has a special mint mark. For me at least, they'll go in the $60 - $70 range at best. Not sure what the boxes will go for by themselves. I'd guess $15 - $20 including shipping.

I'd guess the average is at $220 or so for the set, where it's kinda been for the entire presale time.