Why is the 2012 proof set so expensive?

Mint before the Mint stops selling them. Once the Mint stops selling them then that's it, no more sets. So, for some reason the Mint stopped selling the 2012 set about nine months earlier than most sets. This caused the demand for the sets to jump up, which also exploded the price of the sets.

What is a 2012 proof set worth?

A Certificate of Authenticity is included with each set. The 2012 United States Mint Silver Proof Set is priced at $67.95. Orders will be accepted at the bureau's online catalog, http://www.usmint.gov/catalog, or at 1–800–USA–MINT (872–6468).

Do proof sets go up in value?

Because proof coins are more rare and produced in smaller numbers with a higher level of quality control, you can expect these coins to hold and increase in value.

Are any proof sets worth anything?

1970 proof sets offer at least two valuable proof varieties, including the 1970-S small date proof Lincoln cent, which has a value of about $35. Also in 1970 is the appearance of another no-S proof Roosevelt dime. The 1970 no-S proof Roosevelt dime has a value ranging from $600 to $2,500 at the time of writing.

Why is the 1999 silver proof set so expensive?

Total sales for the annual set were 804,565, which represented a large increase from the prior year. However, demand for the set would prove greater than the available supply, as interest in collecting State Quarters grew. This results in the 1999 Silver Proof Set selling at a significant premium.

2012-S U.S. Clad Proof Coin Set GEM Proof (Original Government Packaging)

Are Proof coins worth buying?

With their high-quality presentation and limited numbers, Proof sets are often sought-after by collectors and generally speaking, Proof coins have a higher mark-up than Brilliant Uncirculated coins. There is no right or wrong way to collect.

Why is the 1996 Prestige proof set so expensive?

The lowest production set, and unsurprisingly the only real key date for the entire Prestige Proof Set lineup is the 1996 Set. Only 55,000 of the sets with the included Olympic Silver Dollar and Half Dollar were made, making it effectively the only set that today sells for more than its issue price.

Is it better to buy proof or uncirculated coins?

Proofs are almost always going to command a higher premium than an Uncirculated coin, but they also offer better presentation, quality and lower populations. Uncirculated coins are generally the best way to invest in Precious Metals at a modest price point.

Are proof sets worth more than mint sets?

As with the silver proof sets, these modern-day prices are nominally akin to early 1980s levels but are essentially worth less than 50 percent of their former value due to inflation. Earlier proof sets and mint sets haven't fared much better. For example, in 1980 one could buy a 1950 proof set for $700.

What is the difference between proof set and uncirculated?

Proof coins are struck twice at the beginning of the minting process, so they are exceptionally mirrorlike and rarer than uncirculated coins. Uncirculated coins, on the other hand, are created in larger quantities and may have blemishes.

Are proof sets real money?

United States Mint Proof Sets are a beautiful addition to any collection and make wonderful starter sets for new collectors. A Proof Set is a complete set of proof coins of each denomination made in a year.

Are proof sets worth more than face value?

Prices are falling for common standard Proof sets from the 1970s and 1980s. For example, many dealers are paying around $1.80 for the 1980-S Proof set, less than the $1.91 face value for the coins in the set.

Are silver Eagle proofs a good investment?

Reasons American Silver Eagles are a Good Investment: American Silver Eagles make great investments because they carry an intrinsic value and won't fall in value like other currencies.

How much is a 2012 silver eagle worth?

The 2012 silver eagle with no mint mark is worth around $40 in uncirculated condition. The 2012 W burnished silver eagle is worth around $55 in uncirculated condition. The 2012 W proof silver eagle is worth around $90 in proof condition. The 2012 S proof silver eagle is worth around $95 in proof condition.

How many limited edition silver proof sets are there?

WASHINGTON – The United States Mint (Mint) will begin accepting orders for the 2021 Limited Edition Silver Proof Set–American Eagle Collection on October 1 at noon EDT. Production is limited to 50,000, with orders limited to one per household for the first 24 hours of sales.

Why is proof not a coin grade?

Proof is not a grade. The term refers to a method of manufacture rather than the condition of the coin. Proof coins are graded exactly as other coins of the series, yet always receive the abbreviation PR (sometimes PF).

Which is better mint or proof?

Proof coins showcase a greater depth of sharpness, definition, and detail than mint state coins. As PCGS explains, a proof coin is “usually struck from a specially prepared coin die on a specially prepared planchet.

Are Proof coins legal tender?

The Coinage Act of 1965 states that “United States coins and currency (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.”

Can I get uncirculated coins from the bank?

The easiest way to get sealed coin rolls from the bank is to simply ask. Some bank tellers might not know exactly what customers mean when they say they want to buy rolls of circulated coins. This is okay; collectors just need to be firm and informed about what they need from the bank.

Are Proof coins in circulation?

A proof coin is a rare, uncirculated coin that a mint has specially created each year. A proof coin has never entered public circulation, nor has it served as currency in the market. Proof coins are rarer than regular uncirculated coins and are collectible items.

What is a 1982 proof set worth?

The 1982 Proof Set (Buy on eBay) saw the number of coins decline to five and the face value fall to only 91 cents.

Are silver proof sets real silver?

The 2021 United States Mint Silver Proof Set features 7 proof coins encased in two clear plastic lenses in a beautifully designed package you'll be proud to display. The quarters, dime, and half dollar are struck in 99.9 percent silver.

How much is a 2009 US Mint silver proof set worth?

Pricing for this annual set is $52.95 per unit. This year's set contains 18 coins: four Presidential $1 Coins honoring William Henry Harrison, John Tyler, James K.