Today, March 17, 2015, the United States Mint will begin accepting orders for the 2014 Limited Edition Silver Proof Set. The release of this set had been delayed due to the extra time needed for the Mint to work on packaging improvements. The Mint has stated that the coins included in the set were all struck in 2014, but the sets could not be assembled until this month.
The Limited Edition Silver Proof Set is a relatively new product offering, which was introduced in 2012 and brings together some of the Mint’s most popular annually issued silver coins. Each set contains the year’s 90% silver dime, quarters, and half dollar, along with the 99.9% silver Proof American Silver Eagle. A relatively low production limit of 50,000 units has been established for each year of release.
The 2014 Limited Edition Silver Proof Set contains a total of eight different silver coins struck to proof quality. The 2014-dated Roosevelt Dime, Kennedy Half Dollar, and five America the Beautiful Quarters are struck in 90% silver at the San Francisco Mint and carry the “S” mint mark. For this year, the reverse designs for the quarters feature Great Smoky Mountains National Park, Shenandoah National Park, Arches National Park, Great Sand Dunes National Park, and Everglades National Park. The set is completed with the 2014 Proof American Silver Eagle, which is struck in 1 troy ounce of 99.9% silver at the West Point Mint and carries the “W” mint mark.
The coins are displayed within a protective lens and box. A product limit of 50,000 sets has been established, with no household ordering limits imposed. The price of the set is $139.95, unchanged from the prior year.
All of the coins included in the set still remain available for sale at the United States Mint within other products. The cost of acquiring these coins through the other products is significantly lower compared to the cost of the Limited Edition Silver Proof Set.
The 2014 Silver Proof Set contains the 90% silver dime, quarters, and half dollar (along with the proof cent, nickel, and five $1 coins) and is priced at $53.95. The 2014 Proof American Silver Eagle is available individually priced at $48.95. This makes for a total cost of $102.90, which is $37.05 lower than the cost of the 2014 Limited Edition Silver Proof Set.
In previous year of offering, there have been similar disparities between the cost of the coins in other products and the Limited Edition Silver Proof Set, but sell outs have occurred nonetheless. The 2012 LESPS sold out in about five months, and the 2013 LESPS sold out in about five and a half months.