Limited Edition Silver Proof Set 2017 (17RC) (Sold Out)

BackroadJunkie

The 2017 Limited Edition Silver Proof Set will be released on October 05, 2017 at noon.

It was just given a price of $139.95, same as last year.
Mintage Limit: None
Product Limit: 50,000
Household Order Limit: 2

It will, of course, feature the 2017-S ASE.

Limited Edition Silver Proof Set 2017

BackroadJunkie

Updates to thread:

Link to the 2017-S ASE thread

September 14, 2017 50K product limit, HHL 2

October 5, 2017 Sales start

October 6, 2017 Household limits lifted

October 6, 2017 Coin World reports 29,164 sold in first 22 hours

October 6, 2017 Status went Currently Unavailable

October 7, 2017 Product becomes available briefly at the normal 7:30 sales time. (A little early.)

November 10, 2017 Product marked "Sold Out" on Mint's website.

United States Mint Limited Edition 2017 Silver Proof Set (17RC)
Date	Number sold	Net Increase	Comment
10/6/2017	29,164		coin world first day report
10/8/2017	49,978	49,978	HHL lifted 10/7
10/15/2017	49,953	-25
10/22/2017	49,979	26
10/29/2017	49,314	-665
11/5/2017	49,212	-102
11/12/2017	49,080	-132	Marked "Sold Out" on Nov 9, 2017

CascadeChris

Its gonna be a big cluster on release day with a $140 issue price.

jmlanzaf

You can buy last year's for $125... 2013 are $110 on eBay

grote15

Pass

nurmaler

@jmlanzaf said:
You can buy last year's for $125... 2013 are $110 on eBay

Last year's doesn't have a 2017-S eagle.
If this has a 50k mintage it'll last < 3 minutes.

FullStrike

I walked a sealed box of 15 of the 2017 Congratulations Sets around the Macomb Coin Show very very soon after the 2 minute sellout. I got yawns and indifference and took my only offer of $75 each. These new sets with the old Coins will make you rich !

Back up the truck . Load it up !

Jobs are on the line.... layoffs are coming to the US Mint if you don't order up. So order up.

OPA

@jmlanzaf said:
You can buy last year's for $125... 2013 are $110 on eBay

The 2016 Set is still available @ $139.95 + shipping from the Mint with a max mintage of 50k. As mentioned before, they can be had for less on eBay.

https://catalog.usmint.gov/limited-edition-silver-proof-set-2016-16RC.html?cgid=proof-sets#start=1

thevolcanogod

@FullStrike said:
I walked a sealed box of 15 of the 2017 Congratulations Sets around the Macomb Coin Show very very soon after the 2 minute sellout. I got yawns and indifference and took my only offer of $75 each. These new sets with the old Coins will make you rich !

Back up the truck . Load it up !

Jobs are on the line.... layoffs are coming to the US Mint if you don't order up. So order up.

Yea but isn't offering old coin show dealers modern stuff like offering a vampire a whole crop of garlic?

BigA

@jmlanzaf said:
You can buy last year's for $125... 2013 are $110 on eBay

Yup....except for one minor difference (mentioned above)

.

ECHOES

Well, I have the (17) Silver Proof Set, and the Congratulations Set.
Much as I don't Want to say,
Going to pass on this one...

BackroadJunkie

@ECHOES said:
Well, I have the (17) Silver Proof Set, and the Congratulations Set.
Much as I don't Want to say,
Going to pass on this one...

I always disliked this set.

2017 Congrats set: $54.95, 2017 Silver Proof set: $47.95. Total: $102.90. That's $37.05 less than the LE set, and you don't even get the cent, nickel and brassbuck! Not to mention the size of the package, a problem for those of us who are spatially challenged.

If I needed the 2017S, I'd buy one, but since I already have a few...

BigA

Depends on the mintage.....medal set depends on the mintage. Probable won't go for both

ECHOES

@BackroadJunkie said:

@ECHOES said:
Well, I have the (17) Silver Proof Set, and the Congratulations Set.
Much as I don't Want to say,
Going to pass on this one...

I always disliked this set.

2017 Congrats set: $54.95, 2017 Silver Proof set: $47.95. Total: $102.90. That's $37.05 less than the LE set, and you don't even get the cent, nickel and brassbuck! Not to mention the size of the package, a problem for those of us who are spatially challenged.

If I needed the 2017S, I'd buy one, but since I already have a few...

Yes, purchased the first year this set was issued, over-all size too large for me also.

jmlanzaf

@nurmaler said:

@jmlanzaf said:
You can buy last year's for $125... 2013 are $110 on eBay

Last year's doesn't have a 2017-S eagle.
If this has a 50k mintage it'll last < 3 minutes.

No, but it has a 2016-S and a mintage of 50,000 and it hasn't sold out a year later.

BackroadJunkie

@jmlanzaf said:

@nurmaler said:

@jmlanzaf said:
You can buy last year's for $125... 2013 are $110 on eBay

Last year's doesn't have a 2017-S eagle.
If this has a 50k mintage it'll last < 3 minutes.

No, but it has a 2016-S and a mintage of 50,000 and it hasn't sold out a year later.

No, it has a 2016W that sold a half a million as a stand alone product. This is the first year the LE set has a S-mint ASE.

FullStrike

Hey how about all the US Mint Shills just stand up and take a bow. You are doing a great job protecting the US Mint workers and THEIR Jobs!

Come on Collectors. Do YOUR job. Buy every US Mint thing that's thrown out there. Back up your Trucks and LOAD IT UP.

Keep the economy rolling.

jmlanzaf

@BackroadJunkie said:

@jmlanzaf said:

@nurmaler said:

@jmlanzaf said:
You can buy last year's for $125... 2013 are $110 on eBay

Last year's doesn't have a 2017-S eagle.
If this has a 50k mintage it'll last < 3 minutes.

No, but it has a 2016-S and a mintage of 50,000 and it hasn't sold out a year later.

No, it has a 2016W that sold a half a million as a stand alone product. This is the first year the LE set has a S-mint ASE.

I stand corrected. Thanks,

jmlanzaf

@FullStrike said:
I walked a sealed box of 15 of the 2017 Congratulations Sets around the Macomb Coin Show very very soon after the 2 minute sellout. I got yawns and indifference and took my only offer of $75 each. These new sets with the old Coins will make you rich !

Back up the truck . Load it up !

Jobs are on the line.... layoffs are coming to the US Mint if you don't order up. So order up.

Should have waited, they are selling for $120 all over eBay.

OPA

@FullStrike said:
I walked a sealed box of 15 of the 2017 Congratulations Sets around the Macomb Coin Show very very soon after the 2 minute sellout. I got yawns and indifference and took my only offer of $75 each. These new sets with the old Coins will make you rich !

Back up the truck . Load it up !

Jobs are on the line.... layoffs are coming to the US Mint if you don't order up. So order up.

I'll take them of your hands for $80 per set.

Sun Diego

The mint's website now states:

Item Number: 17RC
Mintage Limit: None
Product Limit: 50,000
Household Order Limit: 2

MsMorrisine

Plus - attractive S mint ASE
Minus - same ASE on ebay for $20 less than the whole set

Minus seems to outweigh the Plus.

Unknown to discuss - will there be 2 different registry set labels required for the ASE set - congrats & LE set ??

BackroadJunkie

@MsMorrisine said:
Plus - attractive S mint ASE
Minus - same ASE on ebay for $20 less than the whole set

Dunno, if you want a raw S-Mint ASE and don't want to pay the $130 for a searched example, getting it plus $24 in silver melt for $145 isn't bad.

But if you already have a 2017-S, then the price premiums suck.

Minus seems to outweigh the Plus.

Depends on how you approach it. Since I already have a few 2017-S's, this set doesn't have a lot of appeal to me.

dmwest

So this means the 2017-S ASE mintage is 125,000? Where does that fall in rarity for the ASE?

D2

ernie11

I think the last I saw, the 2011-P Reverse Proof and 2011-S Unc. had 99,882 listed as their mintage. The 1995-W is around 30,000 and the 2008-W reverse of 2007 is circa 47,000. Other than these four, the 2017-S is the lowest mintage.

OPA

@dmwest said:
So this means the 2017-S ASE mintage is 125,000? Where does that fall in rarity for the ASE?

D2

2d lowest after the 1995W... I guess I should have spelled it out...IT IS THE SECOND LOWEST REGULAR MINTED PROOF ASE. (That does not include all the variations i/e rev. proofs, unc, or rev of 07)

BigA

In "rarity for the ASE" the 2011 S and RP are lower at 100k (actually a tad under). For PROOFS it will be the #2

Edit: Oops...just saw ernie11's post...repeat

TwoSides2aCoin

I need a drink to calm down from the over-exuberance I'm suffering from this announcement.

ricko

Well.. I have the low mintage ASE's...including the '95W.... so, I really do not need a 'set' to add to my storage issue... Cheers, RickO

jmlanzaf

Hmmm...so, let me get this straight. In terms of rarity:

1995-W (30,000)
2008-W reverse of 07 (approx. 50,000)
2011-S (approx 100,000)
2011-P Rev proof (approx. 100,000)
2017-S (125,000)

Current prices of actual sales on eBay:

1995-W - $3500
2008-W reverse of 07 - $450 to $800
2011-S - $180-$200
2011-P Rev Proof - $300 to $400
2017-S ($140 at the Mint)

Why do I feel like 125,000 is enough to guarantee that $140 is too much in the long run?

bluelobster

Ultimately this set has some value because of the ASE. Not a big value, but some.

BackroadJunkie

@TwoSides2aCoin said:
I need a drink to calm down from the over-exuberance I'm suffering from this announcement.

I think most everyone in this issue who wants one, has one. I didn't even bother making this a forum topic until they announced the price.

But it is good to know the mint didn't do something stupid like going 100-150K sets.

johnny9434

pass

BackroadJunkie

@jmlanzaf said:
Why do I feel like 125,000 is enough to guarantee that $140 is too much in the long run?

Well, you do get $24 in silver (at today's spot) with that, so it's really only $116.

That said, it was really a better bargain at $55 in the congrats set. I think this coin will do okay until the mint undercuts this mintage with another. (That could be next year if the Mint continues to use S-Mint ASE's in the congrats and LE sets...)

nurmaler

@MsMorrisine said:
Plus - attractive S mint ASE
Minus - same ASE on ebay for $20 less than the whole set

Minus seems to outweigh the Plus.

Unknown to discuss - will there be 2 different registry set labels required for the ASE set - congrats & LE set ??

As usual MsMorrisine has the key point...

Will collectors need to have both because they'll be labeled congratulations 2017-S and LE 2017-S.

IE - is this 1 of 125,000 or 1 of 50,000?

dmwest

@ricko said:
Well.. I have the low mintage ASE's...including the '95W.... so, I really do not need a 'set' to add to my storage issue... Cheers, RickO

I would like to see what you have in storage.......

Overdate

@nurmaler said:
Will collectors need to have both because they'll be labeled congratulations 2017-S and LE 2017-S.
IE - is this 1 of 125,000 or 1 of 50,000?

Most collectors don't have registry sets and will probably be fine with just one coin.
Also, many collectors just buy the annual proof silver eagle and ignore the special sets and mintmarks.

Bochiman

The thing about the list below is that, unless someone is going by the registry, or is completely OCD, the "2008-W reverse of 07" may not be that interesting.
I am one of those.
I came in too late for the 1995-W (was already over $3000 when I started collecting them) but I have all the rest. Started adding in plastic (PCGS) along with raw, until 2012. Got tired of all the different labels. So, I still have them, but I focus on the raw now. Proof and Unc.

There are more like me, I am sure. Just as there are those that HAVE TO HAVE everything that is a label or "different".

That said, to me, the 2017-S is better to have than the '08 rev of '07 (heck, I don't even like other denoms that are just "rev of some other year".

@jmlanzaf said:
Hmmm...so, let me get this straight. In terms of rarity:

1995-W (30,000)
2008-W reverse of 07 (approx. 50,000)
2011-S (approx 100,000)
2011-P Rev proof (approx. 100,000)
2017-S (125,000)

Current prices of actual sales on eBay:

1995-W - $3500
2008-W reverse of 07 - $450 to $800
2011-S - $180-$200
2011-P Rev Proof - $300 to $400
2017-S ($140 at the Mint)

Why do I feel like 125,000 is enough to guarantee that $140 is too much in the long run?

jmlanzaf

@Bochiman said:
The thing about the list below is that, unless someone is going by the registry, or is completely OCD, the "2008-W reverse of 07" may not be that interesting.
I am one of those.
I came in too late for the 1995-W (was already over $3000 when I started collecting them) but I have all the rest. Started adding in plastic (PCGS) along with raw, until 2012. Got tired of all the different labels. So, I still have them, but I focus on the raw now. Proof and Unc.

There are more like me, I am sure. Just as there are those that HAVE TO HAVE everything that is a label or "different".

That said, to me, the 2017-S is better to have than the '08 rev of '07 (heck, I don't even like other denoms that are just "rev of some other year".

1995-W (30,000)
2008-W reverse of 07 (approx. 50,000)
2011-S (approx 100,000)
2011-P Rev proof (approx. 100,000)
2017-S (125,000)

Current prices of actual sales on eBay:

1995-W - $3500
2008-W reverse of 07 - $450 to $800
2011-S - $180-$200
2011-P Rev Proof - $300 to $400
2017-S ($140 at the Mint)

Why do I feel like 125,000 is enough to guarantee that $140 is too much in the long run?

I was mostly looking at price versus mintage. Notice that the price gets less as the mintage gets bigger, including the 08 reverse of 07. The 2011-S is actually 20% scarcer than the 2017-S and it's only $180-ish. Just seems to me like at 125,000, there won't be any long term price appreciation. But, time will tell....

BigA

I think 125k is a decent number for an ASE with regards to future price appreciation

Overdate

@jmlanzaf said:
Hmmm...so, let me get this straight. In terms of rarity:

1995-W (30,000)
2008-W reverse of 07 (approx. 50,000)
2011-S (approx 100,000)
2011-P Rev proof (approx. 100,000)
2017-S (125,000)

Current prices of actual sales on eBay:

1995-W - $3500
2008-W reverse of 07 - $450 to $800
2011-S - $180-$200
2011-P Rev Proof - $300 to $400
2017-S ($140 at the Mint)

Why do I feel like 125,000 is enough to guarantee that $140 is too much in the long run?

"Burnished" silver eagles have less of a following than proofs, as is reflected in their lower mintages and aftermarket prices, so they're not directly comparable. Both of the proofs in this list (1995-W, 2011-P reverse proof) were each obtainable in only a single set, while the 2017-S mintage is split between two sets, so some collectors will want one specimen from each set, driving up demand. For these reasons, I think that $140 (minus $23 melt value of the other coins in the LE set) is not too much in the long run.

By the way, proof Kennedy halves from the previous LE sets routinely bring more than 4x melt in the aftermarket, even in PR69.

BackroadJunkie

Will there be a flip on this?

I've never bought specifically to resell, but since I have little interest in this set, I may pick one up.

Demand seems to be there, but it's hard to tell if it's real or not...

Gluggo

If it sells out maybe but your limited to 2 so you might want to keep it if it sells out. The Silver dollar with the S mark will be the hot item.

jmlanzaf

@Gluggo said:
If it sells out maybe but your limited to 2 so you might want to keep it if it sells out. The Silver dollar with the S mark will be the hot item.

Really? The ones from the Congratulations set are down to $100 without the extra 50,000

jmlanzaf

@BackroadJunkie said:
Will there be a flip on this?

I've never bought specifically to resell, but since I have little interest in this set, I may pick one up.

Demand seems to be there, but it's hard to tell if it's real or not...

It all depends on whether anyone cares if their 2017-S Eagle comes from an LE proof set instead of the Congratulations set. The 2017-S Eagles are all over eBay for $100 in PCGS 69 or ANACS 70. The release of this set will almost double the number available. So, I would guess that if people just want a 2017-S Eagle, this set will plummet. If people want BOTH a Congratulations set one and an LE set one then this one will be the better set at 50,000 vs. 75,000.

Of course, that said, you can buy Congratulations sets for $120-$130 on eBay right now.

jmlanzaf

@BackroadJunkie said:
Will there be a flip on this?

I've never bought specifically to resell, but since I have little interest in this set, I may pick one up.

Demand seems to be there, but it's hard to tell if it's real or not...

By the way, I did talk to one of my wholesale people. There is buy currently at about $180 on these sets. I presume that is due to the HHL and people trying to fill orders. So, there IS a flip, but make sure you don't hold it too long.

In my ever humble opinion, of course.

[Truth in advertising: I will be flipping 2 or 4 myself.]

Gluggo

See I am different I am just hording and one day when they come to whisk me away they will find this big safe full of worthless graded 70 coins. At that point I wont really care what they are worth I just buy for the chase of it! Nothing more if I make a profit 20 + years from now so be it. If its a loss so be it. But I had fun buying them all!

jmlanzaf

@Gluggo said:
See I am different I am just hording and one day when they come to whisk me away they will find this big safe full of worthless graded 70 coins. At that point I wont really care what they are worth I just buy for the chase of it! Nothing more if I make a profit 20 + years from now so be it. If its a loss so be it. But I had fun buying them all!

That is the best attitude to have. That said, you can often get the same coins at lower prices if you show some patience...not your strong suit, I know.

Gluggo

@jmlanzaf said:

@BackroadJunkie said:
Will there be a flip on this?

I've never bought specifically to resell, but since I have little interest in this set, I may pick one up.

Demand seems to be there, but it's hard to tell if it's real or not...

It all depends on whether anyone cares if their 2017-S Eagle comes from an LE proof set instead of the Congratulations set. The 2017-S Eagles are all over eBay for $100 in PCGS 69 or ANACS 70. The release of this set will almost double the number available. So, I would guess that if people just want a 2017-S Eagle, this set will plummet. If people want BOTH a Congratulations set one and an LE set one then this one will be the better set at 50,000 vs. 75,000.

Of course, that said, you can buy Congratulations sets for $120-$130 on eBay right now.

Yep on Ebay right now plummeting for $129.00 or lower all day you can get;
2017-S Proof Silver Eagle - Congratulations Set NGC PF69 UC or
2017-S Proof Silver Eagle - Congratulations Set NGC PF69 UC Early Releases (Black Core Holder - San Francisco Label)
2017-S Proof Silver Eagle - Congratulations Set NGC PF69 UC Early Releases (Black Core Holder - Trolley Label)
2017-S Proof Silver Eagle - Congratulations Set NGC PF69 UC Early Releases (San Francisco Label)
2017-S Proof Silver Eagle - Congratulations Set NGC PF69 UC Early Releases (Exclusive U.S. Mint 225th Anniversary Label)
2017-S Proof Silver Eagle - Congratulations Set NGC PF69 UC First Releases (Trolley Label)

I imagine after tomorrow these should be down 20% to 30% lower with the release of 50,000 more 2017 S Proof Silver Eagle's into our hands! Its a buyers market we are In- Control!!! Yea Baby!

Gluggo

@jmlanzaf said:

@Gluggo said:
See I am different I am just hording and one day when they come to whisk me away they will find this big safe full of worthless graded 70 coins. At that point I wont really care what they are worth I just buy for the chase of it! Nothing more if I make a profit 20 + years from now so be it. If its a loss so be it. But I had fun buying them all!

if you show some patience...not your strong suit, I know.

How did you know? Tomorrow I get a check for $1,100.00 for living in Alaska so looks like I got free money to spend!!! Guess what I am buying?

CoinCrazyPA

What was the final mintage of the proof 2012-S ASE?