The United States Mint’s 2012 Uncirculated Coin Set, which many collectors refer to as the “2012 Mint Set”, has sold out. This follows sell outs earlier this month for the 2012 Proof Set and 2012 Silver Proof Set.
Now, all three of the Mint’s core annual set offerings for 2012 are no longer available for sale. As mentioned in previous posts, these sell outs initially caught some collectors by surprise. The 2011-dated sets had remained available for nearly two years, which also followed extended availability for the 2010-dated sets.
The 2012 Mint Set went on sale May 21, 2012. Each set contained uncirculated versions of the 2012-dated cent, nickel, dime, five America the Beautiful Quarters, the half dollar, Native American Dollar, and four Presidential Dollars from both the Philadelphia and Denver Mints. The 28 coin sets were priced at $27.95 each.
The coins currently included in the annual Mint Set are produced differently and are generally higher quality than standing circulating coins. The US Mint indicates that the coins “are struck on special presses using greater force than circulating coins, producing a sharp, intricately detailed image.” Despite the quality difference, the major coin grading services have not made any distinction between these Mint Set coins and regular circulation strikes. The US Mint previously used a satin finish for the 2005 to 2010 Mint Sets, which grading services did consider separately from circulation strikes.
Based on the latest available sales report published today, the 2012 Mint Set had last reported sales of 392,000 units. This is well below the last reported sales for the 2011 Mint Set of 533,529, and also represents the lowest sales total for the product type since 1963.
2013 America the Beautiful Five Ounce Silver Coins
Many readers have been looking for information about the status of the numismatic and bullion versions of the 2013 America the Beautiful 5 oz. Silver Coins. In particular, there have been some questions about the numismatic versions, since release dates were initially included on a preliminary schedule provided by the US Mint before the start of the year.
I contacted the Mint to see if any explanation or information was available and received a similar set of statements that have also been seen in CoinWorld. When provided, the schedule was disclaimed as preliminary and subject to potential changes for both release dates and pricing.
From the US Mint’s statement:
In releasing the product schedule as well in advance as possible, we knew that pricing and date changes for some products would inevitably occur, as the dates did regarding the 2013 America the Beautiful Five Ounce Silver Uncirculated Coins™. We look forward to announcing the revised dates on the product schedule as soon as possible once they are determined. We regret any inconvenience this date change may cause our valued customers who purchase America the Beautiful Silver Uncirculated Coins.
In response to some other questions, I was informed that the mintage levels for both numismatic and bullion versions of the coins had not yet been determined for 2013. Production has been started for the White Mountain National Forest and Perry’s Victory Memorial 5 oz. Silver Bullion Coins. Production has not yet been started for the numismatic versions of the coins.