Desirability Of 2012 Silver Proof Sets: 8-Piece Vs.14-Piece

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Author	Replies: 12 / Views: 3,657
dd27 Pillar of the Community United States 666 Posts	Posted 09/06/2016 12:32 pm I noticed the following in the deluxe edition of the Red Book (Mega Red): Quote: Description \| Mintage \| Issue Price \| Current Value 2012-S, Silver 14-piece set \| 395,149 \| $67.95 \| $250 2012-S, Silver 8-piece set \| 44,952 \| $149.95 \| $275 On first glance, it would seem that the 8-piece set might be more desirable, given that the mintage number is 11.4% of the 14-piece set, but such an assumed desirability is not reflected in the current estimated retail values (at least per Red Book). Any ideas why, based on the stated retail values, the 14-piece set is just as desirable as the 8-piece set? TIA, Mark P.S. Since I sometimes feel frustrated when peeps use acronyms I don't understand: TIA = Thanks in Advance. P.P.S. More detailed info from CoinNews.net: US 2012 Limited Edition Silver Proof Set on Sale by RHONDA KAY on NOVEMBER 27, 2012 The United States Mint today, November 27, 2012, placed a new limited-edition proof set on sale. Restricted to 50,000 units, each is $149.95. Packed within the U.S. Mint dubbed "2012 United States Mint Limited Edition Silver Proof Set" is eight silver coins. The coins and their silver compositions include: 2012-W Proof Silver Eagle from 99.9% silver 2012-S Kennedy Half-Dollar from 90% silver 2012-S El Yunque National Forest Quarter from 90% silver 2012-S Chaco Culture National Historical Park Quarter from 90% silver 2012-S Acadia National Park Quarter from 90% silver 2012-S Hawai'i Volcanoes National Park Quarter from 90% silver 2012-S Denali National Park and Preserve Quarter from 90% silver 2012-S Roosevelt dime from 90% silver ----- 2012 Silver Proof Set and Clad 2012 Proof Set Sell Out by MIKE UNSER on JANUARY 4, 2013 Coins in Clad 2012 Proof Set and 2012 Silver Proof Set Each of the sets has the same denominated coins and each proof coin comes from the U.S. Mint facility in San Francisco with a denoting "S" mint mark. Broken out, both sets contain: (1) 2012-S Kennedy half-dollar (5) 2012-S America the Beautiful Quarters featuring El Yunque National Forest in Puerto Rico, Chaco Culture National Historical Park in New Mexico, Acadia National Park in Maine, Hawai'i Volcanoes National Park in Hawaii, and Denali National Park and Preserve in Alaska (1) 2012-S Roosevelt dime (4) 2012-S Presidential dollars that honor Chester Arthur, Grover Cleveland (twice), and Benjamin Harrison (1) 2012-S Native American $1 Coin whose reverse is emblematic of Trade Routes in the 17th Century (1) 2012-S Jefferson nickel (1) 2012-S Lincoln Cent The Silver Proof Set differs from the clad Proof Set in that all the America the Beautiful Quarters, the Roosevelt dime and the Kennedy half-dollar are in 90% silver with the remaining balance copper. Edited by dd27 09/06/2016 12:33 pm Report this Post to the Staff

commems CCF Master Historian of USA Commemoratives United States 12281 Posts	Posted 09/06/2016 1:38 pm Quote: Any ideas why, based on the stated retail values, the 14-piece set is just as desirable as the 8-piece set? 1. The 14-piece set has a larger annual following that the 8-piece Special Edition set. It contains proof versions of all the 2012 coins not just a subset. This make it more popular with annual set collectors. 2. The 14-piece 2012 Proof Sets (Clad and Silver versions) were taken off sale without advance notice and it caught many collectors off guard - e.g., those who wait until the end of the year to purchase their sets. This resulted in about 200,000 less silver sets being produced/sold vs. the previous year (2011 - ~574,000 vs. 2012 - ~395,000). The market reacted to this "scarcity" and almost immediately generated a rise in market value. IMO, the inflated market price for the 2012 silver sets is based more on the perception of scarcity than on actual scarcity/demand. If you look at the sales number for 2013 and 2014, you'll find that the mintage for the 14-piece silver set is less than 10% higher than in 2012 but their market value is a fraction of the 2012 set. Maybe the escalated prices for the 2012 sets have driven collectors away from the sets - the mintage for the 2015 silver set, for example, was lower than 2012! Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
dd27 Pillar of the Community United States 666 Posts	Posted 09/06/2016 3:56 pm Thank you so much commems! Wow, talk about a well-informed answer. Much appreciated. Mark Report this Post to the Staff
CoinsA-Z New Member United States 33 Posts	Posted 09/06/2016 10:23 pm Quote: Maybe the escalated prices for the 2012 sets have driven collectors away from the sets - the mintage for the 2015 silver set, for example, was lower than 2012! Isn't it possible that because the 2012 United States Mint Limited Edition Silver Proof Set was the year this set debuted that it becomes the key date set even though later sets may have a lower mintage? Report this Post to the Staff
jack jeckel Pillar of the Community United States 5208 Posts	Posted 09/06/2016 10:36 pm It is nothing more than packaging. Same with slab mumbo jumbo gimmicks to take your money. Report this Post to the Staff
Foxwoods Man Pillar of the Community United States 4901 Posts	Posted 09/07/2016 09:10 am I am not a big fan of repetitive sets (coins that are also available elsewhere) but some do pay for them just because they are packaged differently. BUT...If I am selling these products my personal opinion has zero value to someone who is buying. For example: I think FS and ER designations are totally pointless.. BUT..coins I submit will definitely get that designation added because there are a lot of collectors out there that do want those labels and will pay a premium for them. I don't sell things that I want to buy. I sell things that THEY want to buy Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 09/07/2016 11:47 am Quote: I am not a big fan of repetitive sets (coins that are also available elsewhere) but some do pay for them just because they are packaged differently. The Lincoln C&C set is a good example of one that has maintained added value. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
CoinsA-Z New Member United States 33 Posts	Posted 09/07/2016 1:27 pm Quote: I think FS and ER designations are totally pointless I have not come across anyone who thinks those designations are meaningful or important. Has anyone? The fact that most newly released coins that are sent into TPG grading get the ER/FS/FR designation is not a validation that collectors supposedly find those designations important. If most of these coins sent in did not get those designations and collectors ended up largely avoiding those that don't have those designations, then such activity paterns might actually be a good indicator....but since most newly released modern coins that are sent in for slabbing get those designations, it could (and likely does) simply mean that people are buying them for the slabbing and grading number (condition) and not caring for the FS/ER/FR designations. The only designation I know of where some collectors have made a distinction is with NGC's "Numbered First Struck" designation ( https://www.NGCcoin.com/coin-grading/designations/ - forth tab down). Maybe some coin flippers have a mistaken belief that collectors seek out the very dodgy FR/ER/FR designations? Edited by CoinsA-Z 09/07/2016 1:28 pm Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 09/07/2016 3:04 pm I think FS and ER designations are totally pointless. Sure, my believing that does not mean it is true for everyone else. It just means that I will not pay one cent more for a coin that has that designation over one that does not. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
CoinsA-Z New Member United States 33 Posts	Posted 09/07/2016 10:24 pm I see those designations, except for NGC's "Numbered First Strike" as worse than pointless....."marketing gimmick" comes to my mind. Report this Post to the Staff
dd27 Pillar of the Community United States 666 Posts	Posted 09/07/2016 10:43 pm Quote: I see those designations, except for NGC's "Numbered First Strike" as worse than pointless....."marketing gimmick" comes to my mind. Those reputable companies wouldn't do such a thing just to make money, would they?! I mean, they wouldn't try to push such things as First Strike or Early Release labels on their website, right? . . . . Edited by dd27 09/07/2016 10:43 pm Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 09/08/2016 12:06 pm Quote: "marketing gimmick" comes to my mind. That is exactly what they are. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Morgans Dad Pillar of the Community United States 5615 Posts	Posted 09/08/2016 12:57 pm Gimmicks, That's because P T Barnum was spot on, IMO. Report this Post to the Staff
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