2021 Silver Proof Set
Onastone
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Nice new quarter design- Washington crossing the Delaware. Final ATB quarter too. And costs the **same **as last year!!!! Or does it??? Wait, the price is $105 like last year but you're getting less silver!?! 2020 packed in 1.65 oz of silver while this year only has .984 oz. Oh right, 3 less silver quarters. Shouldn't the cost have come down a little??? I see this trend everywhere in retail, products reducing sizes by a few ounces while the price remains the same or even rises sometimes.
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This how some some try to tell you there is no inflation. The package gets smaller, but price remains the same. Yea, right.
I paid $68.20 delivered for the 2020 silver proof set. I felt I over paid even at that price.
No way I would pay $105.00 plus delivery for a 2021 silver proof set. That price just doesn’t make any sense for what you get.
I expected a price drop for the lower silver.
another whiner wednesday post coming.
us mint - what a joke.
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This is not a bullion item. The amount of bullion is all but irrelevant to the cost. If you think 1.65 oz of silver would make it worth $105, I'd like to be your bullion supplier.
Product cost, shipping & design go into the final cost.
Yes, the amount of silver is less, but the overall price is NOT the end game for the US Mint.
Chris
we've got rcm for that - they charge abt that much for 1 oz
I'm not happy with the price, but doesn't look like anyone is going to change the mint's pricing!
They are just trying to break even on the commemorative stuff. As a taxpayer, I applaud the effort. As a collector, I just become more selective or more patient.
I assume a typical collector budget is $500 or less per year. A this price point and presumably heading higher, it increasingly isn't going to be affordable.
At this level, even the die hard collector might second guess this one.
Not me. I'm in for one because it appears that a silver quarter proof set is not on the table. Need that final ATB to complete my set.
it's fewer quarters, but yeah it can be viewed as nickel and dime-ing things
@jmlanzaf said: "This is not a bullion item. The amount of bullion is all but irrelevant to the cost. If you think 1.65 oz of silver would make it worth $105, I'd like to be your bullion supplier."
Although I basically agree with you (and I think the silver proof set is a very fine product), it's curious to note the price differential - $105 versus $ 32 - between the silver and the regular proof set. If I assume that, apart from the cost of the metal, production and distribution costs for the two sets are similar, we are paying $73 extra for the $ 1.10 in face of silver coins. This is a pretty steep premium.
Also, on the ebay aftermarket, a patient buyer can still find some years for less than 25x face, so, to many in the market at least, it is essentially viewed as a bullion item.
It is viewed as bullion in the secondary market. It is NOT bullion as purchased from the Mint. Which is the point. You don't buy a proof set from the Mint because it is a way of acquiring bullion.
@jmlanzaf said: “ You don't buy a proof set from the Mint because it is a way of acquiring bullion.”
Agreed, of course. But when the price differential between the regular and the silver proofs gets as large as it is, one wonders if the mint’s pricing is sustainable.
Good - perhaps fewer will buy the set this year
Hmmmm !!! This brings up a couple points. Some collectors like myself will be " forced " to buy the silver proof sets to continue their albums. I have multiple Dansco's for different series. I need three sets just to keep them at 100%. Due to the price increase, not sure if I'll purchase the additional 2 or 3 sets for my proof set run.
I can see the 2021 silver having a lower mintage and consequentially higher secondary market price for the individual silvers and the complete set.
Normally I do not break sets apart for submission, I buy graded on the secondary market. That way I'm assured my proofs are PR70DCAM. I don't want to risk busting out 3 sets for submission and risk getting back PR69DCAM's. Not sure if I want to continue that trend for this year due to the forseeable high cost of the graded individual coins.
Whine a little louder please! The Mint can't hear you anyway.
They wear earplugs.
Pete
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Totally agree with you.
If you are my age you can recall that all the food products had larger quantities or weights. As time passed the products got just a wee bit smaller. Prices went up and not down. All is governed by the "profit" margin. A gallon ( 128 ounces ) of milk was 30 cents delivered. A gallon is now about $3.59.
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The jest with precious metals is that they are in high demand with diminishing availability. ASE Emergency Issues come to mind. Gold, Silver and Platinum are so much in demand in the electronic, manufacturing and aircraft industries, that soon we will only have non precious metals to use for coin productions. Wooden coins anybody?
Wayne
Kennedys are my quest...
Gold, Silver and Platinum are so much in demand in the electronic, manufacturing and aircraft industries, that soon we will only have non precious metals to use for coin productions.
Does that mean more zinc, nickel, aluminum, and steel perhaps silver plated? Yechhh.
The difference is just under 1 oz of silver compared to the standard set and the price difference is the same as they are charging for proof silver eagles.
Seems to make sense to me. (a little sarcasm there)
My pet peeve is that this is a Proof Silver Set, so why bother putting in a Cent and a Nickel and Native American unless those were made out of silver too!?! I've always thought those should be excluded in these silver sets.
Yep, I only started the silver proof sets in 1999 and have them thru 2020. I have clad proof sets from 1955 thru 2020. The price increases have stopped both those collections from going any further.
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A really well struck modern proof set with a cent and nickel in .999 silver would be a low mintage variety winner.
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I stopped buying the sets around 2010.... used to buy them to continue the Kennedy half series... Not worth it and that just left partial sets to store. Just purchased the couple of special issues halves. I have a box of mint/proof/silver proof sets.... has not been opened since 2008. Cheers, RickO
do you get the kennedy half rolls or buy the singles off ebay?
Soon your above mentioned metals will become precious materials.
Wayne
Kennedys are my quest...
None of you guys think that new Washington quarter, maybe produced this year only, will hold any value?
It's nice, it would be nicer if it would stick around, but it is one more quarter design in a sea of designs. And will probably have a really high mintage.
After the State Quarters ended, it seemed like everybody lost interest in the ever changing quarter reverse.
I remember when the State Quarters began, even my parents were excited about the new designs...and they never collected coins. Since then, generations have been born into these new reverses every few months, and there is little interest. I showed a cashier a new quarter and got little response. ( Seems like the only one that peaked a little interest was the "Baby Bat" design as it was so different and cute."
I would describe the current Mint Director as "collector hostile." He has little interest in pleasing collectors. His focus is on bulk sellers and speculators.
I predict that this excessive price increase for the silver Proof set will result in low sales. In that case, it could be "a good one" but for some of the wrong reasons.
Every year I bought several sets of the silver proof quarters since 2010.
I do not like that this year the mint does not offer a standalone quarter set.
You're right, that would have been very special. But it would have been a two quarter set.
I think the proof and the silver proof will hold some value, both as a one-year type (reverse) and as an outlier member of the classic Washington quarter set. The P and D circulation strikes will probably have too high a mintage to command any numismatic premium.
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As a Dansco PDSSSW ATB and Kennedy half collector I’ll probably be in for a set it but it’s going to hurt.
Yeah, sad. I've watched that trend for decades with candy bars and cereal packages, along with many other items.
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Tom, formerly in Albuquerque, NM.
The Bicentennial Quarter from 1976 hasn’t held value other than face value.
Come on guys, haven't you ever heard of a temporary tax increase?
That was hoarded and mass produced for 2 years, not 6 months.
I'm surprised the Innovation Dollars weren't included in the regular and silver proof sets. They are terribly unknown otherwise.
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Patience is best with these modern issues, as they will always be available for a price-usually considerably less. I just purchased a $5 gold commem that is still up on the USM site in PR70 1st strike for over 20% less than the mint is offering the same coin for. I gave up on the silver issues long ago as imo, far too many different issues, finishes, edge lettering, etc. I look at them as bullion only, and pay accordingly even for slabbed 70's as they are the easiest to move if one desires to.
I'll pay you $110 for the 2020 silver proof set....(original Mint issue price was under $65)
There is no such thing as a temporary tax increase!! LOL!!
Expensive! Won't get political though,
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Only about a week left before these hit. Do you think this will cause a traffic jam at the site or fizzle out slowly? The new Washington quarter included will most likely be the most special coin in the set...
It won't make any practical difference. All of these coins are saved in numbers larger than any prospective collector base, except due to the TPG grade or some specialization.
Possible the huge price could lead to lower sales (likely) which could be good in the long term.
Mint ad popped up on my facebook page today. Took a look and was very surprised at the 2021 silver proof set $105 price.
I haven't bought proof sets of any type from the mint since 2009. I stopped because after moving three times in 4 years, I decided to scale back my fairly large collection. Attempts to sell non silver proof & mint sets turned into a face value situation. There is very little demand for non silver mint products in my experiences. Selling the silver was difficult, non silver next to impossible.
$105 will bury you forever......sorry about the rant....
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rant added to the list of those who have said the same thing...
This is the first proof set that I purchased from the Mint in over 20 years. Needed the silver quarter to complete my set of silver ATB's.