2001 Proof Sets - Household Ordering Limit?

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Author	Replies: 13 / Views: 1,774
cc99999 Pillar of the Community United States 1302 Posts	Posted 09/07/2012 8:06 pm I've read elsewhere that the Mint changed their ordering policy when the 2001 Proof sets came out and instituted a 5 set per household ordering limit. Can anyone verify if this is true and let me know when this limit was lifted? Links to sources would be appreciated as well. Thanks. Charles Report this Post to the Staff

CelticKnot Bedrock of the Community United States 12815 Posts	Posted 09/07/2012 10:42 pm Well I don't know how scientific/accurate this is, but the Wayback Machine snapshot I found from June 27, 2001 says no limits: http://web.archive.org/web/20010627015136/http://www.usmint.gov/Catalog/catal...al+Coin+Sets There may have initially been a limit when it was released, but the only snapshot of the annual sets page available prior to that is April 24th, 2001, and the 2001 proof sets hadn't been released at that point yet. So based on these facts we can determine that: 1. The 2001 proof set was released between 04-24-2001 and 06-27-2001 2. If there was an order limit, it had been removed by the time 6-27-2001 rolled around. That's about as good as I can do for ya... Report this Post to the Staff
clairhardesty Pillar of the Community United States 1027 Posts	Posted 09/07/2012 11:55 pm Looks like it came out without limits ... Quote: January 4, 2011 Back to my search 2011 United States Mint Proof Set® Available January 11 WASHINGTON - Collectors may begin placing their orders for the 2011 United States Mint Proof Set at noon Eastern Time (ET) on January 11, 2011. This year's set, priced at $31.95, includes the second set of coins to be released through the America the Beautiful Quarters® Program. These quarters feature reverse designs honoring Gettysburg National Military Park (Pennsylvania); Glacier National Park (Montana); Olympic National Park (Washington); Vicksburg National Military Park (Mississippi); and Chickasaw National Recreation Area (Oklahoma). The annual set also includes Presidential $1 Coins honoring Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes and James Garfield; a new Native American $1 Coin; and the Kennedy half-dollar, Jefferson five-cent, Roosevelt dime, and Lincoln one-cent coins. The popular United States Mint Proof Set contains coins that are manufactured using specially prepared, highly polished dies. The coins are extraordinarily brilliant, with sharp relief and a mirror-like background. A frosted, sculpted foreground gives them a special cameo effect. The coins are sealed in three protective lenses to showcase and maintain their exceptional finish. A Certificate of Authenticity is included with each set. Orders will be accepted at http://www.usmint.gov/catalog or at 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468). All domestic orders will be assessed a shipping and handling fee of $4.95 per order. The United States Mint Proof Set is also available through the Online Subscription Program. For more information about this convenient ordering method, please visit http://www.usmint.gov/catalog. Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time of January 11, 2011, noon ET shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint's Frequently Asked Questions, Answer ID #175. Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12815 Posts	Posted 09/08/2012 12:12 am @clairhardesty - Charles was asking about the 2001 set, not the 2011. For comparison, the price for the 2001 proof set was $19.95. That's a 62% hike to the 2011 price. Yikes. More coins and face value in the 2011 set, I know. :) Report this Post to the Staff
cc99999 Pillar of the Community United States 1302 Posts	Posted 09/08/2012 12:15 am i read somewhere that there was a limit and I wanted to see if that had something to do with the 2001-S sac being scarce at the time. If there was a limit then institutional buyers would not have stock- and the available sets wouldn't be centralized- thus driving up prices. but I haven't found any proof to back up the claim that I admittedly read somewhere on the internet. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/08/2012 12:36 am According to the mint there were no order limits. I found this http://www.usmint.gov/pressroom/?ac...lease&id=196 Quote: 2001 Proof Sets Available By Mail May 9 Web Sales Start May 14 at http://www.usmint.gov Washington, D.C., May 3 -- The U.S. Mint today announced that the 2001 U.S. Mint Proof Set®, including the 2001 proof Golden Dollar and the five new proof quarters of 2001 issued under the 50 State Quarters™ Program, will be available by mail on May 9, 2001. Sales on the Mint web site at http://www.USMINT.gov will begin May 14, 2001. "These sets continue to be the most popular numismatic series in history," said Mint Director Jay W. Johnson. "And, once again, there are no order limits on the sets this year." "At 125 million collectors and growing, the popularity of the 50 State Quarters Program continues to soar," said David Pickens, Associate Director for Numismatics, " With the 2001 proof dollar--and same price as last year--this is a great collectible for 2001." The 10-Coin U.S. Mint Proof Set is available at $19.95 and contains proof versions of the Lincoln Cent, Jefferson nickel, Roosevelt dime, Kennedy half dollar, and the new Golden Dollar in one sealed presentation case. A separate presentation case contains proof versions of the quarters from each state honored this year-- New York, North Carolina, Rhode Island, Vermont, and Kentucky. The 5-Coin 50 State Quarters™ Proof Set may be purchased separately for $13.95. All sets are shipped in customized security containers. Proof coins are manufactured at the San Francisco Mint facility using specially prepared, highly polished dies. Bearing the "S" Mint mark, each coin is struck at least twice to ensure the finest detail in a frosted cameo image on a bright, mirror background. The sealed cases containing the coins are inserted into a specially printed sleeve and accompanied by an official U.S. Mint Certificate of Authenticity. Customers can purchase the 2001 U.S. Mint Proof Set®, four ways: First, they can save shipping and handling charges by using the U.S. Mint's secure web site at http://www.USMINT.gov. beginning May 14. Second, they can call 1-800-USA-MINT, beginning May 9. Third and fourth, starting May 9 they may download an order form at the web site and fax it to (301) 344-4150, or mail it to the U.S. Mint, Customer Care Center, Lanham, MD 20706-4331 (Attention: Order Processing). A shipping and handling fee of $3.95 per order will be added to all fax, mail and telephone orders for these products. Hearing and speech-impaired customers may order by calling (301) 344-4144 TTY. Please allow approximately 4-6 weeks for delivery. Contact: Press inquiries: Michael White (202) 354-7222 Customer Service information: (800) USA MINT (872-6468) Edited by basebal21 09/08/2012 12:37 am Report this Post to the Staff
cc99999 Pillar of the Community United States 1302 Posts	Posted 09/08/2012 01:47 am thanks guys. I'm still puzzled why dealers didn't order enough 2001-s. They typically account for a large chunk of these sets and I can't wrap my mind around why the 2001-S sac was ever considered a key date. I thought I might have found a reason, but alas... not so. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/08/2012 01:57 am During my search for the mint news I came across this and skimmed it, seemed pretty interesting not sure how much it helps. http://beforeitsnews.com/energy/201...2443470.html Part of me thinks that the key date may have to do because it was a 2001. After 9-11 people may have either thought that things were disrupted at the mint or just could have been personally drawn to the 01 date even if only subconsciously. I know at least for me when working on type sets Ill find my self drawn more to coins that were from an important year in history (all other things being equal) and I cant help but wonder if that didnt play into at least some Edited by basebal21 09/08/2012 01:58 am Report this Post to the Staff
cc99999 Pillar of the Community United States 1302 Posts	Posted 09/08/2012 02:06 am heh, yes, I wrote that piece. I thought I had something tangible to write about it in addition. Why dealers couldn't get their hands on enough of those sets is still beyond me. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/08/2012 02:12 am Lol I didnt even check to see who wrote it, small world lol. Im sure you would know better than me, but that has to be the most drastic example of a modern coin losing its value like that isn't it? Report this Post to the Staff
cc99999 Pillar of the Community United States 1302 Posts	Posted 09/08/2012 02:37 am I know somebody that has a $250 Eisenhower dollar that once sold for $20,000. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/08/2012 02:42 am Wow. I hope he got it closer to 250 than 20k for their sake Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/08/2012 10:43 am There was no order limit on the 2001 sets, but there was initially a 2 set per household limit on the 1999 sets. As for why the 2001 sets were low mintage and expensive it comes from knee jerk reaction among collectors following the crowd. The 1999's were hard to get and they jumped way up in the aftermarket. So "knowing a good thing when they saw it" when the 2000's came out EVERYONE ordered a bunch of sets, the mintage went up and the aftermarket prices collapsed. After getting burned in 2000, no one was much interested in buying 2001 sets and the mintage dropped again and the aftermarket price jumped again. Now people are finally starting to realize that the "low" mintages of those two years really aren't that low and the prices have been coming down down down. Report this Post to the Staff
cc99999 Pillar of the Community United States 1302 Posts	Posted 09/08/2012 2:04 pm are there any dealers who can offer their perspective on how dealers affected the prices? Were they pumping the price up or was it the demand for the coins? The '99 set was selling for about $100 in 2001. But the 2000 and 2001 sets in 2001 were easily available- even at dealers. Report this Post to the Staff
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