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Limited Edition Silver Proof Sets

 
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Author Previous TopicReplies: 10 / Views: 443Next Topic  
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 Posted 11/20/2022  8:11 pm Show Profile   Bookmark this topic Add pjmolo to your friends list Get a Link to this Message
Although I've been collecting uncirculated sets & clad proof sets going back to 1968, I first became aware of the Limited Edition Silver Proof Sets just last year.

Except for the 2014 set, I've been able to pick up the 2012 through 2019 sets on ebay at issue price or less. I've since purchased the 2021 and 2022 sets directly from the Mint.

Yes, the sets are overpriced for the coins being obtained but, for me, the packaging has made up for it, at least until the 2021 & 2022 sets that were downgraded from the previous years.

That being said, I've quit purchasing the annual mint sets & clad proof sets and was intent on selling off my hoard until my son expressed an interest in taking them.

In my opinion the Limited Edition Silver Proof Set, with its limited production of approximately 50,000 sets per year, has as much of a future as any other annual Mint product.

Now if the Mint could just return to the packaging used from 2016 through 2019.
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 Posted 11/21/2022  09:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your reply was split into its own topic and moved to the appropriate forum for the proper attention.

Reference Topic: http://goccf.com/t/238532
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 Posted 11/21/2022  5:47 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
to CCF!

Quote:
In my opinion the Limited Edition Silver Proof Set, with its limited production of approximately 50,000 sets per year, has as much of a future as any other annual Mint product.

Let's be clear, the coins are not limited to 50k. It's just the packaging. If that's what does it for you, that's perfectly fine.

I have 4 or 5 of the sets but stopped buying them a year or two before they changed out the packaging.

Quote:
the sets are overpriced for the coins being obtained but, for me, the packaging has made up for it, at least until the 2021 & 2022 sets that were downgraded from the previous years.

I think Dearborn hunts out empty older packing for cheap on ebay to move the '21 and '22 sets into; you might consider that.
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 Posted 11/22/2022  10:39 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Good luck on getting them to go back to quality packaging. I just emailed them the very suggestion two week's ago after ordering the sold out 2022 Liberty Silver Medal. I was simply checking out the website, scrolling the pages late at night and bang there it was available. Now if only the same happens with those Purple Heart dollars.
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Edited by Ballyhoo
11/22/2022 10:41 pm
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 Posted 11/23/2022  08:01 am  Show Profile   Check Dearborn's eBay Listings Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply

Quote:
I think Dearborn hunts out empty older packing for cheap on ebay to move the '21 and '22 sets into

Yes, I have been successful 'upgrading' the packaging so far. I think that some of the folks out there are getting the coin graded thus ending up with empty set boxes - which is good for me, but I cannot understand WHY they up grade from the expensive LESP sets, when getting the coins in the smaller sets are a bit less expensive . But it lets me get what I need to keep my sets consistent, but for how long can I keep that up?
Edited by Dearborn
11/23/2022 08:02 am
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 Posted 11/23/2022  10:10 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
But it lets me get what I need to keep my sets consistent, but for how long can I keep that up?

Probably need to stock up while you can.


Quote:
I think that some of the folks out there are getting the coin graded thus ending up with empty set boxes - which is good for me, but I cannot understand WHY they up grade from the expensive LESP sets, when getting the coins in the smaller sets are a bit less expensive

Another possibility: I imagine these sets eventually move out of the hands of the original purchaser/collector for far less than the original retail price. Estate sale, inheritance, theft, etc. The new owners don't have that high premium to deter them from parting out the set, so the coins get broken out for albums or individual sale, thus freeing up the packing for you to purchase on ebay.
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 Posted 11/23/2022  10:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I cannot understand WHY they up grade from the expensive LESP sets, when getting the coins in the smaller sets are a bit less expensive
I wonder if the coins they had in those now empty LESP holders were high quality and the were gambling on them coming back at 70?
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 Posted 11/23/2022  6:42 pm  Show Profile   Bookmark this reply Add pjmolo to your friends list Get a Link to this Reply
A search on ebay for "US Mint Limited Edition Silver Proof set missing" resulted in three sets (two 2017 and one 2019) with the silver American Eagle missing. The seller of one of the partial 2017 sets has also listed a 2017 PR70 Eagle separately. A coincidence ?
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 Posted 11/24/2022  12:57 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
The 2017 LESPS set was special in that it contained an ASE that you could only get in that set and the Congratulations Set (the '17 S Proof). It's not really a surprise (to me, at least) that someone would crack it out and get it graded, especially if they are a collector of slabbed ASEs.

The 2019 set, on the other hand... hmmm... not sure.
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