As mentioned in my last post, I’ll be spending some time reviewing the batch of new products which will be released by the US Mint as part of their 2008 Gift Catalog. One of the more notable products is the 2008 United States Mint American Legacy Collection which will go on sale October 27, 2008 at 12:00 Noon ET.
The US Mint calls this set “the most complete offering of United States Mint 2008-dated proof coins.” This will be the fourth year the Mint has offered a collection as such. The product page can be found here.
This set includes all 14 coins contained in the 2008 Clad Proof Set– the 4 Presidential Dollars, Sacagawea Dollar, Kennedy Half, 5 State Quarters, Roosevelt Dime, Jefferson Nickel, and Lincoln Cent. In addition, the set includes a proof version of the 2008 Bald Eagle Commemorative Silver Dollar.
The sets are priced at $100.00 each. The Mint has limited overall production of the collection to 50,000. There is an order limit of 10 units per hosuehold.
As in prior years, the coins in this set can actually be obtained more cheaply by purchasing the individual components. The 2008 Proof Set is priced at $26.95 and the 2008 Bald Eagle Silver Dollar is priced at $43.95 for a total cost of $70.90.
If you are purchasing this set, you should realize that you are paying an extra $29.10 for the packaging. You could actually purchase a second 2008 Proof Set for this amount and still have money left over for coffee.
On the other hand, the secondary market has often demonstrated the uncanny ability to support premium prices for certain packaging. The most notable case of this is for the 2007 Presidential Dollar & Spouse Medal Sets.