2012 Silver Eagle Set. If mintage maxes out at around 300k what will the value be?

Proof sets are dirt cheap. I don't have the figures, but I suspect none of these were issued for under $5: 1, 2, 3, 4, 5

 

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A few things to consider with these examples is the amount of these available for sale and the lack of demand for them in the aftermarket suppresses their resale value. Add to that enormous mintages of coins of little intrinsic value and not enough demand for the size of the market collecting such products or the increasing product offerings from the Mint diverting collectors attention away from some of the classic products. Remember in the early 90s, the Mint started selling Silver Proof sets in addition to the clad proof sets, that put pressure on both collector interest and the likelihood of the clad sets still commanding interests and collector demand for them later on.

Now, the 2012 ASE 2-coin 75th Anniversary series may have a somewhat high mintage that's not limited. It remains to be seen how the mintage will impact future value. The intrinsic value for the sets can help maintain their value so long as silver remains high. There are quite a number of collectors of the ASE coins and if we look at the value of other past years proof and RP ASEs we don't see them selling for less on the secondary market. There are plenty of collectors setting back waiting to order the 75th coins or those who are unable to buy these coins right now who may want them later when orders are no longer being taken. This is a one time product that is issued to represent the anniversary of the SF mint, incidentally where the first 1986 proof ASE's were struck.

The comparison by member ratio was that other mint products are selling for less and so will these, but compared to other numismatic eagle coins, that would not seem to be a likely outcome that these 2012 2-coin set eagles will necessarily end up that way.

 

If you read the return policy on the US Mint website, it states that they can either provide you with a replacement, issue a refund, or reject the return and send it back to you. These are going to start shipping sooner than you think. My guess is that if you wait to order one of these sets on the last few days of the ordering period and do not like your coins and decide to return them within the 7-day return period, you will likely get a refund or someone else's rejects. TC

 

if you return they don't have to replace, you'll probably just get your money back. i think mintage will be under 250,000

 

I suppose that's the standard return policy the Mint lists on the website, but they also indicate that for more information one needs to call customer service about returns, replacements, and exchanges. That's why I was asking if someone may be able to call and inquire regarding this product and the new 'mint to demand' status that makes this item different than other mint product offerings under the standard returns policy.

If the Mint allows exchanges in later on in August or whenever people start receiving orders of these coins, some will surely rceive coins later in August and maybe beyond then too with 7-days to decide upon returns, then is it because the Mint had minted more coins just in case or that they are still minting to meet demand for orders needing correction... if they refund orders of large amounts of coins returned by cherry pickers, will the Mint be reporting lower mintage of the sets? I think there's a lot of grey area not defined in the return/exchange and accounting of coins for the total mintage with this set. Also, I don't subscribe to the next customer receiving sloppy-seconds. There have been articles interviewing the Mint officials and QC procedures that suggest that is not what happens. And what with robots doing quality controls and packaging these days, how many bad coins can there really be going out (<-- that last line is a bit of sarcasm).

 

In the end, the amount of coins that get returned that are not replaced is so small as a percentage it will not make a difference. There is also the assumption that the number reported as minted is the same as the number issued. I would not be surprised if the number is slightly higher and the excess is later scrapped. I haven't seen a production process yet that doesn't allow for a small percentage of scrap. I think at the end of the day no one should be worried about a number that is likely to be less than a half of a percent. It will not affect the collector community one way or the other. JMO

 

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I'll bet that if someone calls that the customer service rep will either not know the answer or refer you to their standard policy on the Mint site. You may even get a different answer from different reps. I ordered my set at 12:03 on Day 1. I have never returned anything to the Mint and have no plans to do so on this one. This one is unique and we are just going to have to let it play out. My suggestion though is that if you are going to order do it well before the deadline. The final days of the ordering period occur reducing the 4th of July holiday so customer service and perhaps even the Mint site is going to be on holiday as well. TC

 

Duplicate post.

 

I've returned proof silver eagles several times due to that problem they have with not washing off all the cleaning residue, scratches and other significantly noticeable damage to coins they have sent me. With other Mint products, I have received invoices with not all items ordered in the package and been made to fill out affidavit statements to Treasury to claim what I'd paid for and eventually receive it. Plenty of other people have had to return coins for legitimate problems while still others over order in order to cherry pick. My questions are not about waiting to the last minute to place an order, but about thinking about how the mint is handling this release and defining its returns, when and for how long they intend mint the coins and adjust mintages if large amounts of large order occur and could impact mintage later. The final figure will be of interest to collectors and the Mint ought to mind this accountability as collectors are who the Mint are serving with these products. A call to the Mint to inquire about the return policy on this new product is still in order, whether the information differs or not, you won't know until you make the call.

 

i wonder if anyone returned a 25th ann. set and what did the mint do?

 

Whats the cheapest way to return coins to the mint? do you have to use UPS? I returned some items once and it cost so much for UPS shipping and insurance that it was not worth it.

 

You do not have to use UPS. The Mint ships with all sorts of methods of delivery, UPS, FedEx smartpost, which carries the parcel to our local area by that carrier then hands off parcels to USPS and they make the delivery to your address. You can use any carrier you want to but they Mint suggests you have the parcel insured. Not all carriers have the same fees and services for insuring coins. I just use USPS, and use a service that insures the parcel with a tracking number. The Mint doesn't reimburse for return shipping, as I'm sure you know.

 

I recently returned a 5 oz atb coin to the us mint and I was reimbursed for shipping and insurance. I had to send a
letter along with the coin requesting shipping refund.

 

I thought they stopped that practice years ago......

 

Perhaps there are exceptions to the Mint's policy to that which is posted online. It may depend on individual reasons for the return and at the sole discretion of the Mint to reimburse such charges. It definitely pays to inquire, but generally, they state their policy and typically do not reimburse for such expenses incurred by the customer. From the US Mint web site:

"If for any reason within 7 days of receiving your product you are dissatisfied with your purchase, return the entire product for refund or replacement. Shipping charges will not be refunded"

 

The mint refunded my return postage, but it was because the package they had shipped had been tampered with and had half of the order removed from it before being delivered to me.

 

When I called the mint about returning the coin, because of nicks and scratches (it looked like they dropped it-
then kicked it) the rep said to send a note requesting a shipping refund,they did!