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Now Sold Out: The 2012 Clad Proof Set (789,782 Mintage)

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DNA's Avatar
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2734 Posts
 Posted 01/03/2013  7:58 pm Show Profile   Bookmark this topic Add DNA to your friends list Get a Link to this Message Number of Subscribers
Yes, that's right, the US Mint 2012 Proof Set is now Sold Out.

Also now Sold Out are the 2012 Presidential dollar Proof Sets.

The conspiracy theories about the 2012 Silver Proof Set being pulled to sell more Limited Edition Silver Sets don't apply here!
Edited by DNA
01/03/2013 8:06 pm
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 Posted 01/03/2013  9:32 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
I wonder how long the Quarters will last.
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Bizybackson's Avatar
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1817 Posts
 Posted 01/04/2013  02:42 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
This set has the potential to appreciate way more than its $31.95 issue price.
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 Posted 01/04/2013  09:56 am  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
I guess. I just buy silver sets when I do since there is intrinsic value there as well. I just think the price above actual worth isn't for me
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paparet's Avatar
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253 Posts
 Posted 01/04/2013  10:22 am  Show Profile   Bookmark this reply Add paparet to your friends list Get a Link to this Reply
Wow, I'm not sure I understand what is going on with the US Mint. I think the 2011 Clad Proof set was available until just a few days ago, Dec 31, 2012, and now the 2012 Clad Proof set is sold out already. What gives?
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DNA's Avatar
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 Posted 01/04/2013  11:59 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
I just buy silver sets

Me too, normally. I would have bought a 2008 Clad Proof Set if I'd known they would sell out early like they did.

I got a 2009 Clad Proof Set just so I could have the copper Cents months before the 2009 Silver Set came out.
(if there had been an individual Proof Cent Set at the time, I probably wouldn't have my 2009 Clad Proof Set)

This time, I ordered a 2012 Clad Proof Set immediately upon hearing the Silver Set was Sold Out.
I got my order confirmation e-mail that evening. Next morning, the Clad Sets were Sold Out.

Both Proof Quarter Sets are still available (I also ordered a Silver Proof Quarters Set in that last order),
so you might want to grab those while you can...

Quote:
I'm not sure I understand what is going on with the US Mint.

Their new approach seem almost (dare I say it) business-like.

The sales figure progressions of the 2011 Proof Sets suggest that if the 2012 Sets had remained available until the end of 2013, they would have sold about 150k more of the Silver Proof Sets and 300k more of the Clad Proof Sets. Which they would have had to store and inventory until they were sold.

Removing the Sets from sale and melting the unsold leftovers reduces the need for storage and inventory counting, creates a "rarity" for the 2012 Sets which might boost sales for subsequent Sets, prompts people to purchase the 2013 Sets in a timely fashion instead of "fence-sitting", and makes possible a return to a sensible model of selling Proof Sets only in their calendar year of issue.

The only negative I see is that they cost themselves the estimated 450K sales above, but storage and inventorying costs were also factors there.
Edited by DNA
01/04/2013 12:17 pm
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 Posted 01/04/2013  12:19 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Yes I was waiting On the 2012 Q but I aas well ordered them
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jdubbs's Avatar
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89 Posts
 Posted 01/08/2013  02:20 am  Show Profile   Bookmark this reply Add jdubbs to your friends list Get a Link to this Reply
2012 is the year I screwed myself over... Early in the year I gave my nephew my 2012 silver proof eagle as a graduation gift. I meant to replace it and never did. Then I found out they were sold out. Same goes for my proof and silver proof sets. I'd figure they never sell out, so I thought I had plenty of time. Oh we'll... Another lesson to be learned. I will now pay after market prices.
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basebal21's Avatar
13014 Posts
 Posted 01/08/2013  02:26 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I missed out on the silver set too thinking id have all year. They probably could have sold a ton if they made an announcement theyd be gone in a week or a few days. Oh well some of the stuff really could use lower mintages or having a mintage limit set
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 Posted 01/08/2013  10:05 am  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Yes. Me too. 2011 was out there forever and lots of notice. Then a few days later boom 2012 pulled. I did get the silver quarters since I started with the 2010 in 2011 for gifts for nieces and nephews. Now I will have next year gift bought. I decided last year to do this instead of something they really don't need or money. At least this way they may save it instead of spend! I at leat can try to have them save
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DNA's Avatar
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 Posted 01/08/2013  8:24 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
jdubbs, you should get the Limited Edition Set before it sells out!

Then you'll have the 2012-W Proof ASE and all the 90% Silver coins in the 2012 Silver Proof Set.

With the 2012 Silver Proof Sets fetching $100+ on the bay and the Eagle around $70, $149.95 is now the best deal if you missed out on getting those.

http://www.ebay.com/itm/130830842983/ Silver Set, bidding ended at $123.50

http://www.ebay.com/itm/251209801739/ Clad Set, bidding ended at $61


Edited by DNA
01/08/2013 11:25 pm
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Kurrykid's Avatar
United States
455 Posts
 Posted 01/08/2013  10:29 pm  Show Profile   Bookmark this reply Add Kurrykid to your friends list Get a Link to this Reply

Quote:
you should get the Limited Edition Set before it sells out!

How much total weight in silver is in the set? Obviously the Silver Eagle is an ounce...do you know how much the rest of the coins weigh?

I know the rest are only 90% silver but I'm just curious what the weight of the rest of the coins are.

Thanks.

Dave
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DNA's Avatar
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2734 Posts
 Posted 01/08/2013  11:05 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
The Limited Edition Set contains 2.3382 Troy Oz. total

1 ASE = 1.00 Oz.

(weights listed below are for the coins' silver content)

5 Quarters = 0.9042 Oz. (5 times .1808 Oz. for each coin)

1 Half-Dollar = 0.3617 Oz.

1 Dime = 0.0723 Oz.

$149.95 USD divided by 2.3382 Oz. = $64.13 USD/Oz.


Edited by DNA
01/08/2013 11:09 pm
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Kurrykid's Avatar
United States
455 Posts
 Posted 01/08/2013  11:31 pm  Show Profile   Bookmark this reply Add Kurrykid to your friends list Get a Link to this Reply
Wow, thanks DNA. $64 an ounce is a great price!
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jdubbs's Avatar
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89 Posts
 Posted 01/09/2013  03:42 am  Show Profile   Bookmark this reply Add jdubbs to your friends list Get a Link to this Reply

Quote:



jdubbs, you should get the Limited Edition Set before it sells out!

Then you'll have the 2012-W Proof ASE and all the 90% Silver coins in the 2012 Silver Proof Set.

With the 2012 Silver Proof Sets fetching $100+ on the bay and the Eagle around $70, $149.95 is now the best deal if you missed out on getting those.

http://www.ebay.com/itm/130830842983/ Silver Set, bidding ended at $123.50

http://www.ebay.com/itm/251209801739/ Clad Set, bidding ended at $61






DNA-


Arrghh!! I'm weird I have every proof set/eagle since 1999. If I buy the limited edition set, that will mess up my "flow" of items. I'll be missing the rest of the proof set and Presidential dollars. I called a coin shop in my area and they are selling them for 96$ a set. This weekend I'll probably go buy it. I just decided to sign up for the subscription service through the mint, so I don't have to worry anymore.
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DNA's Avatar
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2734 Posts
 Posted 01/09/2013  7:47 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
I'm weird I have every proof set/eagle since 1999.

Not weird for a CCF member. I have all Proof ASE's issued from 1986 to 2012 (sorry, no Daniel Carr 2009 re-strike!), and all Silver Proof Sets from 1992 to 2012.

I'm glad your LCS has a decent deal!

I know what you mean about "flow". When I put my new 2012 Clad Proof Set in the safe, I looked at it like "what's that doing in there?"

More ebay craziness: I'd be a little more confident about this 2012 Silver Proof Set auction if the pictures were of a Silver Set instead of a CLAD Set...
Edited by DNA
01/09/2013 7:56 pm
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