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<p>[QUOTE=&quot;yakpoo, post: 1391569, member: 18157&quot;]<font size="3">Well, another week has gone by and we still have no word from the US Mint if/when the 2012 Silver Proof sets might be released. In fact, the &quot;Scheduled Products&quot; page on the Mint&#039;s web site extends out to May 15th and there&#039;s still no mention of the release. It&#039;s been hypothesised that the delay may be due to a switch over to 99.99% bullion coins for the set. On one hand that would be pretty nice if they kept prices the same...but I doubt they will. I also doubt the Mint will swap over to a new composition this year since the proposed change is in 2013 legislation. </font></p><p><font size="3"><br /></font></p><p><font size="3">Still, one must wonder why the big delay in release of the sets. The Mint went through great pains to move the release dates of the annual sets from August to January...and now they&#039;re shifting back with nary a word about it! What&#039;s even more interesting is that the Numismatic community is similarly silent. I sent an email to Mr. Gibbs of Coin World about an article he published which states that the 2011 Silver Proof sets would likely stay on sale through the end of 2012, but I never got a response...not that one was required. It would have been nice to hear his thoughts on the subject in any event.</font></p><p><font size="3"><br /></font></p><p><font size="3">Here&#039;s the letter I sent to Mr. Gibbs...</font></p><p><font size="3"><br /></font></p><p><font size="3"></font><font size="3"></font></p><p><font size="3"><br /></font></p><p><font size="3"><br /></font></p><p>&nbsp;<font size="3">Silver Proof set sales as of <b>07 March</b><b>, 2012</b>...</font></p><p><font size="3">&nbsp;</font></p><p><font size="3">&nbsp;&nbsp; 2010 Silver Proof Set sales: <b>0 </b>for a total of 585,414<span style="color: #ff0000"><b>*</b></span></font></p><p><font size="3">&nbsp;2011 Silver Proof Set sales: <i><b>1,072 </b></i>for a total of 553,498</font> </p><p>&nbsp;<font size="3"> <span style="color: #ff0000"><b>*</b></span> <b>Sold Out</b></font></p><p><font size="3">&nbsp;</font></p><p><font size="3">&nbsp; The lowest mintage of any <i><b>modern </b></i>Silver Proof set is 2010 (585,414). </font><font size="3">Since&nbsp; &nbsp; we have no idea when the 2011 sales will end (or when/if 2012 sales&nbsp; will&nbsp;&nbsp; begin) the best we can do is estimate how long it will take for&nbsp; 2011&nbsp;&nbsp; sales to match 2010 sales. Given this week&#039;s sales of <i><b>1,072 </b></i>sets, it&nbsp; will take twenty-eight (<b>30</b>) weeks to catch up...and that&#039;s very nearly...</font><font size="3"><img src="http://i664.photobucket.com/albums/vv10/Yakpoo/cday.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></p><p><font size="3">&nbsp;</font></p><p><font size="3">&nbsp; 2011 Silver Proof Set: (585,414 – </font><font size="3">553,498 ) / 1,072&nbsp; = <b>30</b></font><p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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