U.S. Mint Limited Edition Silver Proof Set 2022
SilverPlatinum
Posts: 215 ✭✭✭
Hey guys, what do you think about the "Limited Edition Silver Proof Set 2022"? As the mintage is 50,000? Do you think it will be sold out in minutes or not?
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Why would it be, sloppy seconds with an Order Limit of 1?
I find the product attractive, but I find the process terminally annoying. I like proof sets, and I like silver proof coins. But it annoys me that I'm not assured of getting this, so I subscribe to the "normal" silver proof set (which itself duplicates several of the coins from the "normal" proof sets). Now, if I go after--and get--one of these, it's largely duplicative.
These will be available for hours if not days assuring your ease of acquiring one and the next day when they lift the house hold limits you should be able to buy em by the case.
Enjoy and collect what makes you happy 😁
🎶 shout shout, let it all out 🎶
This is not an issue I collect as the coins are already in the 2022 Silver Proof Set and 2022 ASE San Francisco proof, all of which I have.
The mintage isn’t 50K. All of the coins are available in other packages. It’s the special packaging that’s limited to 50K and you pay a nice premium for it. I bought a few when silver was lower for fun but I’m done with buying any more.
TurtleCat Gold Dollars
Thanks for clarifying this........
I will not be ordering this set.... Mainly for the reasons stated above. I see no potential for significant value in the coins. Cheers, RickO
Also, very expensive. Unless you really like the presentation/special packaging of this set, why not buy the regular proof set ($105) plus the S mint ASE ($73)? Bonus coins: the proof nickel, cent and Sacagawea $.
Because people are willing to pay premiums for labels and pedigrees, and this IS a limited edition item. 50,000 as compared to several hundred thousand for both the proof ASE (which is now sold out and not available for $73) and the regular proof set.
The "proof" (pun intended) will be when these sell out, if not on Day One, then certainly soon after the order limit is lifted. They sell out every year.
This isn't for people who don't care about such things, but, when compared to the premium on everything the mint sells, a $23 premium, plus the loss of a proof cent, nickel and Sacagawea, is actually pretty modest for a limited edition in a fancy package. Which is why they sell out, and why graded coins with the attribution sell for a premium.
Anyone who has ever paid to cross a coin over from NGC to PGCS certainly understands the concept of a package adding to the value of the same exact coin!
I bought a set in 2016 just for type, just wanted one set. I have other different proof sets also just for type. Not long ago I finally got a Legacy Proof set from a local dealer. I think he had 6, first time I ever seen one of these sets.
I guess I will end ordering one set......
@SilverPlatinum
You probably already know this, but just in case ...
As previously highlighted by others in this thread, the coins included in this set have already been released in different packaging earlier in the year. For example, the five Proof-S Silver Quarters were released as set 22WS on MAR-29, and as part of set 22RH on JUN-23.
IF you want to have your set attributed by PCGS as being from the "Limited Edition Silver Proof Set", you would have to submit an unopened shipping box from the Mint for 'grading/attribution'. This is the case as once the Mint shipping box is opened, there is no way for PCGS to confirm whether the coins are from the 'LESPS', or an earlier release.
you would have to submit an unopened shipping box from the Mint
Always risky to send in sight unseen...but tis the only way to get that attribution!
Thanks for the advice.
I will order one. I have one of each previous year, so the run will continue!
Available tomorrow 10/26. Lets see how long it takes to sell out.
I'll go with popcorn, as I already have all of those coins. Only the reverse proof set of the innovation dollars remains for me for 2022.
Oh boy. A contest. I’ll go with never or until they shut it down.
No seriously, I’ll go with Jan 1 2023😁
Edit to add 🧐
Well now. This year’s is $34 cheaper than 2021. Perhaps I underestimate and these sell out in a week.
Here’s a look 👀
🎶 shout shout, let it all out 🎶
Kinda throws a wrench into the “ the mint sources blanks “ blah blah blah, cause this looks like a spot price issue. The friggin mint absolutely exasperates me with what passes for logic 🙃
🎶 shout shout, let it all out 🎶
I think the '21 had 1 extra $, but 3 fewer quarters.
You will probably make money if you buy it. Those who bought this thing in the past have.
As a collectors' item it is nothing but a re-hash of the material that has already been issued in a different holder. I bought one years ago and sold it. It won't be buying one again.
I started another thread about this without mention of what.
https://forums.collectors.com/discussion/1082818/remind-me-next-year
It's a high premium to pay, but an unopened box to our host for" first strike"and such, could be very profitable, to a few. I'm a proponent of collecting coins and silver.... just not like this, or that.
The kicker on this set is that the CoA is signed in crayon by the kid who colored the Purple Heart colorized coins!! That alone makes it worth the price!
As of the time of this post (pre-release):
So 2,012 went pre-sale to the dealers (so far)?
With help from posters here, I recently figured out how to find the "data-available" number. So, I do not have a great deal of 'experience/history' with it.
That said, this set is included in the ABPP. Reference
As such, I am assuming that "data-available" reflects 'early release' sales.
Edited for clarity.
yeah, I'm in for 1.
Well that was quick, 1 minute.
That's all you're allowed anyway.... HHL 1
Less than 40K remaining!!!!
That's all I wanted anyway, and it was smooth sailing.
Less than 35K remaining. Better grab these while you can.
Here’s the silver weight from 21 and 22
$34 difference and just a little more silver. Interesting 🤨 .4
🎶 shout shout, let it all out 🎶
As of right now, 28,824 sets remaining.
I just bought one set.
where do you see that?
Ventris called me up and told me. Maybe it's just for the set I purchased. Either that, or I was dreaming.
not going to buy one, already blew 2 grand on the peace ,Morgan enrollment
Not buying this set too.....
I think I better save some money for the Morgan set release next year.......
26,308 sets remaining now......slow, but steady trickle at this juncture.
I decided that I was willing to pay the $201, but I was not willing to go to any trouble to do it ("trouble" as in the clusterfbsk with their feckless server I went through to get the Morgan and Peace dollars last year).
So I waited for the evening to come, and there still are some. So I bought one.
I'm happy.
There was also no problem the minute it went on sale. Smooth transaction.
23,952 remaining at this point.
Will be interesting to see what happens to sales once the HHL is lifted.
two minutes before the HHL was removed: data-available="23755.0"
two minutes after the HHL was removed: data-available="23549.0"
five minutes after the HHL was removed: data-available="23381.0"
Ten minutes after the HHL was removed: data-available="23230.0"
I would say that these are not exactly flying off the shelf.
IMO, this is an indication of a very good job by the Mint in managing price and supply. The Morgan and Peace dollars last year was the opposite--either they should have made more, or charged more; as it was, they were making money for the dealer, not themselves. I fully expect that these will sell out eventually, but they're not making money for the dealers (and we customers don't have the frustration of a server constantly crashing).
Ebay listings, BIN $269-$300 OBO. Only a few listings.
Looks like changing the HHL to none, had very little effect on sales.
Currently.....22,624 remaining sets.
Order shipped!
Yes, the Mint has vastly improved since all the fiascos last year and before.
Sales after the lifting of the HHL still going slowly. Assuming this keeps up, I do not see a sellout here.