2020 Silver Proof Set

Pathetic, unathletic........

 

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Latest figures have the sales at 183,456. Out of the circa 190,000 they have available. Still on sale this morning.

 

I'm sure the mint will just make more if needed. In these crazy times it sounds like good business practice to make these in batches, based on demand.

It would be nice to have the reverse proof nickel but I won't be buying the set.

 

I told you these sets would not sell out. They are of no interest to the flippers. I logged on as soon as sales opened and had no problem ordering one.

 

Yeah, it's likely, unless the SF Mint is closed for a good while.

 

Fairly certain they did an initial run of the 190,960 and did what they did because they are uncertain of the demand with the current situation and don't want to run 400K sets in silver and have them sitting around at the distribution centers all year.

Mint figures released
Annual Sets 20RH 2020 SILVER PROOF SET (+ W2 NICKEL) 183,456 4/19/2020

I don't think this will sell out but I think they will continue to sell and take orders for them and it will go on back order as they stage to get more minted and put together.

Home shopping will have a field day with this set and misinformation. "Ladies and Gentlemen, I have a real treat for you tonight, you aren't going to believe this, The mint only produced 190,960 of these sets and I was only able to get my hands on a few, we just don't know if they are going to make anymore with the current situation, and if they don't, this will be the lowest mintage proof set since 1954,,,, and we all know what proof coins from those years sell for now especially in PR70! This is an opportunity you don't want to miss!"

The mint will make more, they aren't certain on the sales of these sets with people going crazy for bullion and the economy recessing, so they just don't want to tie up the silver in that quantity for this set all at once.

Now. CLEARLY there will be at least one more production run, maybe even a 3rd.

Who else besides me is going to buy another set from the 2nd run? LOL
Ya never know if there will be a variation, but that's how they happen if there is.

 

John, you clearly watch too much of Mezack because that script is playing in my head in his voice! Bully for you!

 

My set arrived today. Very nice looking. Wii post picture of the nickel tonight

 

Ordered my set about 10 minutes ago. Sets are still available.

 

There was mentioned earlier, they had a subscription with the Mint for the Silver Proof Set. I've never heard mention of a subscription. Were they actually referring to their "Enrollment?" I got several emails from the Mint, notifying me that my "Set" had been processed and being ready to mail and that my purchase had been approved. Several days later, my VISA was billed and then I got another email telling me it had been shipped. When I checked with Fedex, they said that they had only issued the tracking number. I haven't checked today to see if it is actually in the hands of Fedex. I buy it each year, look it over when I receive it. I print out the Mints blurb about it and then I package the Set with the Mint's description, the return page, and box it up. I might look at it again in a few months or years. To me, it's a matter of having it and looking at the coins to see if there are visible marks or damage. Before Corona, I would return it to exchange for another Set.
Anybody buy any gold this year. I did buy the One-tenth ounce proof coin. I paid $240. Last check, it was at $260. I may have bought my last gold from the Mint.

 

And such a bargain. Silver prices are basically the same as SPLY, the Mint adds a nickel to the set and raises the price $8.25. WOW, you just can't make this stuff up!

 

Yes I believe they mean enrollment when they say subscription

 

Same with me. Ordered 1st day with no problems

 

https://catalog.usmint.gov/silver-proof-set-2020-20RH.html?cgid=proof-sets#start=1

The available inventory for this set is 190,960. Additional units may be produced.
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Including the 2 bundle options.

 

If it is playing in your head in his voice then YOU'VE been watching too much.

They changed the term, back when the first started, pre-2007, they were called subscriptions.

 

Although I read all the comments prior, I am not sure many of you read the details of the Proof sets, Silver Proof sets or the Uncirculated Mint sets to be sold later. All three of these have "unlimited" mintages meaning, they may sell or mail the sets minted and in stock but, they will mint more until the timeline for the sets are complete. These three sets will not have low numbers nor will they be scare in the least. Buy them now or wait for later...they will still be available.

 

One of the things that I have noticed is that if you wait to buy something at the very end, you stand a chance of getting the material that people have returned because it was defective.

As for the mintages, that is yet to be determined. If collectors think these sets are too common and overpriced, they won't buy them. There have been low mintage sets that have come about that way.

 

Is the signed by the designer nickel just another gimmick to sell proof sets or will they be scarce?

 

Here is my set along with the RP nickel

 

It's not signed, it's a reverse proof, but YES, OF COURSE IT'S A GIMMICK TO BOOST SALES. And, if last year is any indicator, it will work.

Mint sales have been in decline for a long time and they are aggressively cooking up ideas to reverse the trend.