Tomorrow, April 29, 2014 at 12:00 Noon ET, the United States Mint will begin sales of the 2014 Silver Proof Set. This 14-coin set includes seven coins struck in a composition of 90% silver.
The US Mint began offering the annual Silver Proof Set in 1992. The original 5-coin sets included proof versions of the dime, quarter, and half dollar struck with their pre-1965 composition of 90% silver along with the cent and nickel struck in their current compositions. In the ensuing years of the offering, the exact make-up of the sets would change due to the launch of multi-design programs for the cent, nickel, quarter, and the new $1 coins.
The highest sales for the product was reached for the 2004 Silver Proof Set at 1,175,934 units. The sales low occurred with the recent 2012 Silver Proof Set at 395,443 units.
The 2014 Silver Proof Set will include the following 14 coins:
- 2014-S Proof Lincoln Cent
- 2014-S Proof Jefferson Nickel
- 2014-S Silver Proof Roosevelt Dime
- 2014-S Silver Proof America the Beautiful Quarters – featuring Great Smoky Mountains National Park, Shenandoah National Park, Arches National Park, Great Sand Dunes National Park, and Everglades National Park
- 2014-S Silver Proof Kennedy Half Dollar
- 2014-S Proof Presidential Dollars – featuring Warren G. Harding, Calvin Coolidge, Herbert Hoover, and Franklin D. Roosevelt
- 2014-S Proof Native American Dollar – featuring a design commemorating the native hospitality ensuring the success of the Lewis and Clark Expedition
The dime, five quarters, and half dollars are struck in 90% silver or “coin silver”. The remaining coins are struck in their current standard compositions. Collectively, the set includes net silver content of 1.33823 troy ounces along with $5.06 additional face value for the non-silver coins.
All coins are struck at the San Francisco Mint and carry the “S” mint mark.
The 2014 Silver Proof Set is priced at $53.95 per set with no stated mintage or household ordering limits. For orders fulfilled through the US Mint’s Online Subscription Program, a discounted price of $48.55 will apply.
The prior year set had been launched with a price of $67.95 per set, which was reduced to $60.95 less than a month later, and eventually reduced $53.95 which remained in effect until the sell out in February 2014.
For the past two years, the annual Silver Proof Set has sold out at historically low mintage levels, bolstering secondary market prices. As mentioned, the 2012 Silver Proof Set had sold out with last reported sales of 395,443 units, more than 30% below the prior year level and establishing a new low for the product offering. Recent prices auction realized for the sets are around $190-$200.
The 2013 Silver Proof Set sold out with last reported sales of 419,721, up modestly from the prior year. Recent auction prices realized range from around $70 to $80 per set compared to the pricing of $53.95 at the time of sell out.