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<p>[QUOTE="yakpoo, post: 1250324, member: 18157"]They're destroyed...which means the Mint has to "eat" the costs. That was the main reason (as I understand it) that the mint changed their production schedule for Proof Sets from August-to-August to January-to-January. Originally, the Mint didn't want to release their annual sets until all the individual coins had been released. Since the release of the dollar coins were staggered throughout the year, they waited until August to release the Annual sets.</p><p><br /></p><p>However, this creates problems. The Mint wants to keep the annual sets on sale for an entire year, but they can only produce coins (by law) during the year inscribed on the coins. That means the Mint has to project their likely sales and produce enough sets to meet demand before the end of the year. that can get very expensive if their projects are off.</p><p><br /></p><p>There were many early sellouts this year of the First Spouse coins produced near the end of 2010...for the same reason. It was costing the Mint a lot of money to destroy unsold coins so they produced less at the end of the year...and they sold out early. That's why I was saying there could be an early 2010 Silver Proof set sellout...if they made a similarly low projection of future sales.</p><p><br /></p><p>Regardless of how many they produced, sales of the 2010 Silver Proof sets seem to be very low (currently less than 500/week). Rising prices and a weak economy may keep final sales numbers under 600,000...even without an early sellout. Final sales of the 2011 Silver Proof set could be even lower.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1250324, member: 18157"]They're destroyed...which means the Mint has to "eat" the costs. That was the main reason (as I understand it) that the mint changed their production schedule for Proof Sets from August-to-August to January-to-January. Originally, the Mint didn't want to release their annual sets until all the individual coins had been released. Since the release of the dollar coins were staggered throughout the year, they waited until August to release the Annual sets. However, this creates problems. The Mint wants to keep the annual sets on sale for an entire year, but they can only produce coins (by law) during the year inscribed on the coins. That means the Mint has to project their likely sales and produce enough sets to meet demand before the end of the year. that can get very expensive if their projects are off. There were many early sellouts this year of the First Spouse coins produced near the end of 2010...for the same reason. It was costing the Mint a lot of money to destroy unsold coins so they produced less at the end of the year...and they sold out early. That's why I was saying there could be an early 2010 Silver Proof set sellout...if they made a similarly low projection of future sales. Regardless of how many they produced, sales of the 2010 Silver Proof sets seem to be very low (currently less than 500/week). Rising prices and a weak economy may keep final sales numbers under 600,000...even without an early sellout. Final sales of the 2011 Silver Proof set could be even lower.[/QUOTE]
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