2013 Silver Proof Set Sold Out

2013 Silver Proof SetAs of yesterday, the 2013 United States Mint Silver Proof Set has sold out. This represents the first 2013 annual set to have sold out.

The 2013 Silver Proof Set originally went on sale May 2, 2013. Each set includes 90% silver versions of the Roosevelt Dime, Kennedy Half Dollar, and five America the Beautiful Quarters, along with the Lincoln Cent, Jefferson Nickel, Native American Dollar, and five Presidential Dollars in their standard compositions.

The sets were initially priced at $67.95, which was unchanged from the prior year. Less than a month later, the price was reduced to $60.95 per set. Further declines in the market price of silver prompted another price reduction to $53.95 in mid-July. This price would remain in place until the eventual sell out.

According to the latest weekly report, sales for the 2013 Silver Proof Set had reached 419,148 units as of February 2, 2014. An updated number should be available in next week’s report.

Significantly, the eventual final sales number will come in above historic low established by the 2012 Silver Proof Set. The product had sold out on January 2, 2013 with last reported sales of 395,443 units. The unexpected nature of the sell out and the low sales have contributed to higher secondary market prices.

For now, all of the coins included in the 2013 Silver Proof Set remain available for sale at the United States Mint within other products. The 90% silver quarters are available within the 2013 America the Beautiful Quarters Silver Proof Set. The 90% silver dime and half dollar as well as the quarters are available within the 2013 Limited Edition Silver Proof Set, which has reached sales of 36,865 from the 50,000 maximum. The standard composition coins remain available with the regular 2013 Proof Set as well as the 2013 Birth and Happy Birthday Sets.

Weekend Reading:

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Comments

  1. Hidalgo says

    I just checked eBay for the availability of 2013 silver proof sets. If anyone is interested, you can buy them for around $60 – $65. There does not seem to be much demand for these sets at this time. When you factor in eBay and Paypal fees, the premium from the U.S. Mint’s sales price is small.

  2. Dave says

    Denver Aramark is closed on Friday (according to the recording I got.)
    Philadelphia Aramark was open and I snagged “the last 10 sets” according to the really friendly gal who took my order. Shipping was $9.95 total.
    For future reference the Philly Aramark phone is (215)408-0230.
    I asked if my brother might be able to get a few sets and she said someone bought 75 sets this morning and my ten were the last.
    Please post if anyone is able to get sets after 1:50 PM . She originally had only five sets, and when she went to get pricing, she “found” five more sets in the back room. Hope they aren’t rejects! Also hope quality is better than the sets I ordered from the mint’ s end of the year free shipping deal. They had to go back and the replacements were nearly as bad. I kept them as I expected a sell out. Good part was no shipping charged on the replacements even though it was after the free ship ended!
    Next to go might be the uncirculated set at a new low – but it could be late spring before all are gone.

  3. Dustyroads says

    Hidalgo~I’m long on all Mint products and I’m expecting SV8 to retain a decent amount of value. Almost everyone on Ebay has moved their price up to the $100. range. Their are a few who haven’t, but those will sell before long. SV8 is in the rare category now.

  4. Hidalgo says

    @Dusty – I decided a while back, when precious metals values started going south, not to speculate and chase lows or new lows for US Mint products. I buy what I like, regardless of the mintage/sales numbers.

    I do enjoy analyzing market trends. I made huge profits on the stock market last year and am pleased with my financial status. Since I have collected coins for years, I also enjoy analyzing the secondary market’s reaction to sold out U.S. Mint products.

    One take-away: The value of coins, like stocks, can vary with time. Their values fluctuate with the public’s demand.

  5. Brad says

    Dusty,

    Yeah, anyone who can snag any remaining 2013 sets for around $60 would be wise to do so. The mintage is only about 6.2% higher than the 2012 set, so the 2013 looks to be a safe bet for future appreciation. Similar to the 2012 set, I believe it’s really the dime and half dollar coins that fuel the real value. Unlike the quarters, they are only available in the full Silver Proof set and LESPS. It will sell the full mintage of 50,000 within a few more weeks, then the dimes and halves will be gone with another very low mintage.

    Who knows, if the 2014 Kennedy Half anniversary creates a lot more collectors of them, both the 2012 and 2013 silver coins could really see a spike in demand and value later this year.

  6. KEITHSTER says

    Don’t know but with a mintage of 598,322 or there abouts the dime and halve don’t seem that low to me? The new silver Kennedy’s in the set should not make that # will they? The 2012 LESPS should remain on top because of the one year package type thing that’s supose to change with th 13’s if they can remember were they put them and because I have 5 of the 12’s and no 13’s so go 2012!! Did get the deal of the day today at the bank was there to get the bill collectors money and asked my teller if they get any of the new quarters even though I already knew the answer she said no so I said I see you have some new pennys could I get some rolls from you. Oh how many would you like Oh I’ll take a box if you got it? So off they went to search the vault and came back with box in hand. Put a smile on my face it did 2,500 shinny new unc US coins all for $25.made my day have a goodone And good luck all:>:>:>

  7. Dustyroads says

    Hidalgo, It’s clear to me you know your business and I’m sure you could teach me a few things, but I have to disagree with your logic of not looking for mintages just when PM’s are heading south. It appears to me that when PM’s are falling most people don’t want to get caught paying too much for something so they don’t buy, that results in lows and opportunities for finding future collectables. I simply can’t afford to spend money on something that is so common that it is certain to not appreciate.
    Brad, I’m glad you chimed in, I’m sitting on the fence over the LESPS wondering if I should own one of these. It’s a nice looking set, but I can’t buy it for that reason alone at the price it’s carrying. I know, old topic, I really hope it can demand a premium ounce it’s gone.

  8. Dustyroads says

    Keithster, Congratulations on having all those `12’s. I have one bank where I can get large amounts of pennies with no extra fee’s, but I have never gotten any new new rolls of pennies in them. BTW, What are you doing with the new rolls any way?

  9. SmallPotatos says

    Keithster,
    Good score on the box of pennies!! They are a heavy lot! (and worth $50 in copper alone now) My dad got several boxes in 1976 for us kids. I still drag mine around when I move, but I wouldn’t have it any other way!

  10. SmallPotatos says

    Pre- 1982 pennies are what I was referring to for the copper price.
    sorry for any confusion!

  11. ClevelandRocks says

    Basically the 2013 silver set packaging is sold out in early ’14.
    All coins remain available with other packaging.
    I think the silver S-Kennedy should eventually carry the highest premium for the year from the set. No individual coin from the set will be a new low.

  12. beaver says

    Umm, HI everybody. Could someone enlightenment me as to why the clad coins are included in the silver set? ( And yes smiledon, I was scratching my head as to your question! You’re referring to the RCM’s offer,aren’t you? The RCM offering in $100 for a coin with face value of $100. And yet these one oz. coins are not of the extraordinary. Aren’t they just like bullions? The caveat here is that silver is going for about $20 an oz.

  13. thePhelps says

    @beaver – I assume you are referencing the Silver Proof sets? They are considered the annual set – with the traditional silver coins – those that had prior to 1965 that were silver and the other coins were never silver.

    The $100 silver coin in Canada is unique – because while it is only an ounce of silver – it can be taken to any Canadian bank and exchanged for $100.

  14. merryxmasmrscrooge says

    Silver Kennedy Mintages

    2009-S 695,000
    2010-S 585,000
    2011-S 575,000
    2012-S 395,000 + 50,000 = 445,000
    2013-S 420,000 + 50,000 = 470,000 proj. if Ltd. Set sells 50,000

    2014-S or W if these mintages are below 445,000 the price of Silver 2012-S and 1995-S Kennedys will probably drop significantly.

  15. VA Bob says

    thePhelps – I recall a story, about 3 years ago, of a Canadian that took one of those $100 CAD comemorative coins to a local (Canadian) bank and the teller would not accept it. I looked it up and found this:

    http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=148324

    Bottom line is, I’d be careful as to what I would expect a bank to accept. Most have no clue what a commemorative coin is, especially at the rate the Royal Canadian Mint pumps out products.

  16. Dustyroads says

    Nice work merryxs, nice of you to post the figures. It looks like the LESPS will have to sell out right away if it’s going to be 7 or 10 thousand away from the 2012 set. Still a low number though!

  17. Smiledon says

    I am thinking of buying the one once silver medal for Apollo 11 that
    is $99.00. But $100.00 for a silver coin? I am at a loss. Also, does
    the silver coins in those sets really command that high of a price?
    I was looking at the melt value for silver, and I am on the fence with
    those sets.

  18. fmtransmitter says

    @VA Bob: We went over this awhile back. The RCM has in place a rule about NON circulating coins trying to be cashed in. The Bank is to call the RCM for the process and could take 6 months to get your money but they WILL honor it. On that note, the RCM put’s strict limit’s on those $100 face value 1 oz coins so they can come back if you tried to walk in with a 1,000 of them and say the LAW States you may only own 3, or whatever.

  19. fmtransmitter says

    @Smiledon: Anything is only worth what someone else is willing to pay for it, period. Buy what you like BECAUSE YOU like it…

  20. fmtransmitter says

    @Smiledon. I just watched a Silver Eagle sell for $460? So what is it that you are getting at?

  21. fmtransmitter says

    @Smiledon, if you can buy ANY silver for melt value, please pass that information along to us would ya? Appreciate it very much!

  22. Jerry Diekmann says

    All of the silver mintages are pretty high, IMO. They will always have some premium based on their silver composition and numismatic value but only sell for extra $ when they are promoted by vdealers and flippers.

    Also, IMHO the RCM has ruined coin collecting from that country. Overload does not describe what the RCM has done to collectors since they started churning out more and more coins, of all sizes, shapes, and values, from 3 cents to $8.00, and colorized, or with glass inserts or plating or – you get the picture. And the obverse of each coin has the same tired portrait of an old woman. At least the USA has coins with different subjects on each side – OK, we have pictures of old men on a lot of our coins too! I gave up collecting Canadian coins years ago – they’re all gimmicks now.

  23. Gary says

    Actually the 2008 W Silver Eagle with 07 rev in MS70 regularly sells for around $800 plus.
    So, $460 for 1 ounce of silver doesn’t sound to bad when compared to that.
    LOL
    But, Actually in the Silver Eagle series, there are a handful of eagles that sell for the $400 plus number!

  24. thePhelps says

    I’ve also read the stories about people having a tough time cashing the Canadian silver coins in. I believe that has been lessened when they issued the 20 for $20 coins and people became more aware of them. I tend to agree with Jerry’s take on the RCM – but I do still buy some stuff from them.

    On the other hand – If a coin is a collectible piece – I seldom look at the base metal value when buying it. There are many Morgan Dollars selling for hundreds or look at the old half dollar commemoratives selling for hundreds. Modern coins are a little harder to get those prices but there are many that do – even some ASE have sold for many thousands of dollars… (one recently for $87,000)

  25. Hidalgo says

    @Dustyroads – if you look at historical market trends, then I would say that the 2013 LESPS will not appreciate as much as the 2012 version for several reasons. Also, I believe the 2014 Civil Right coin will have limited sales (unless of course, folks get excited at the low mintages in late November/December).

    If the US Mint has an open window where buyers can purchase as many of the gold coins they want, I do not expect the coin to appreciate significantly. Collectors can buy as many sets as they want at “retail” price and you can bet that coin dealers will buy them in large quantities and get them certified by PCGS, NGC, etc. to sell them for a profit.

    FInally, look at the historical trends for other US Mint products that had open buying windows – the 2012 American Silver Eagle set, the 2013 American SIlver Eagle set, and the 2013 reverse proof gold buffalo. All three sets have relatively low premiums on the secondary market. And if the price of gold continues to fall, so will the value of the reverse proof gold Buffalo.

  26. Hidalgo says

    @Dustyroads – I omitted some words in the second paragraph. I meant to say, “If the U.S. Mint has an open buying window where buyers can purchase as many of the gold Kennedy halves as they want, I do not expect the coin to appreciate significantly.”

  27. VA Rich says

    It perplexes me that a composite set that’s been sitting out on the mint’s website for quite a while would create such a stir when it sells out in the following year…

    More perplexing is that there hasn’t been any chatter out here as to what effect the subscriptions may have on the first release the AtB P…, which we may have gotten a little taste of that with the ’14 Prf ASE.

    Heck, we may see an immediate back order on day 1 or sell out within the first week for all we know about the intended mintage levels. $27.89/oz Ag (x5) or $53.95 for 1.48oz @.90%…hmmmm, yeah…, anyone care to add to that thought with respect to mintage numbers…, jump right in! lol

  28. Dustyroads says

    Hidalgo, I guess we’ll just have to agree to disagree! Just kidding, you make some very good points.

  29. stephen m says

    Hidalgo and Dustyroads, Down the road gold modern gold coins will be worth more if not for any other reasons than the spot price will increase with time as it always has. I have a friend that says gold will be mined out on this planet soon and in the future it will be found and mined, in abundance, on another planet or planets and transported back to earth. His advice is don’t buy gold now. My advice is buy now and along the way as a long term investment if it’s in your budget.

  30. Jim_D says

    @stephen m
    If gold is produced from asteroids or other planets, the cost of production would be prohibitive. Do you know how much it costs now to send one pound into space? $10,000 and that’s one way. So, if your friend is saying there will always be gold to mine “somewhere”, he is probably right, but if he’s saying the price will always be stable, he is definitely wrong.

  31. Dustyroads says

    stephen m, There will be some numismatic coins that will be forgotten and fall to nothing more than spot. If you’re able to pick your purchases well enough, then you accomplished what you began. PM’s is a really great thing to own, as long as they aren’t the only thing you own. As you’re able, diversification will see you through everything life WILL dish out! At these present prices I like owning numismatics, but when PM’s are down a little more I will begin to look at bullion. I don’t know if prices will ever settle back into `07 levels. but I think it would be wise to at least be realistic about the possibility of $800. AU and $15. AG.

  32. stephen m says

    @someone, the friend claims he has lived other lives in the past and currently owns and operates a trucking company. Jim D, Anything is possible. Dustyroads, gold and silver are a very small percentage of my assets. $800 gold and $15 silver may reappear and is a possibility. Time will tell all.

  33. Dan G says

    Of all those proof sets that are sold, how many have been broken up for the individual coins in the last couple years?

  34. Brad says

    If $800 gold happens again, I sure hope it’s sooner rather than later! I’d like to be able to complete my First Spouse sets in 2014-2016 on the cheap! :)

  35. Dustyroads says

    Gold has seemed to have established a floor now, if we continue to see prices inch upward this year I assume we will also see higher mintages in some of the numismatics. Looking out the window it’s hard to imagine cheap gold or silver any time soon. I still think you’re on the right track, you’ll be be you stuck it out! Did hi low split the seen and sell his metals, or change his screen name again? He’s a real character! I always wonder what that guy’s up to..

  36. Anil says

    My 2 cents on gold price: would be around $700 to $800 in next few years.If you see Feds are cutting back on QEs and even if we do agree but the stocks are going up and the retun in stock market is decent now so price of gold is going to go down in next few years, same with silver. I have heard the arguments is the mining cost of gold is $1200 but if we go back few years when gold went up because of recession and QEs, there were many gold mines which were not profitable started opening up. May be that is the reason why the production cost of those mines are also taken into calculations. Taking this into account I cannot imagine a mine which was profitable with gold price of $300 is no more profitable at$1100, even if we take inflation into production cost the gold price would not be more then $700.
    Also the value of gold depens on the buyer and seller that is what the seller wants to sell it for and what a buyer wants it for. It is the value created thousands of years ago.

    Ps: don’t get me wrong I buy lot of gold. May be an oz every other month. I love gold…

  37. ClevelandRocks says

    When all the “experts” are down on PMs is the time they will rise.
    As long as gas is above $3, gold will not go down further.
    Gold may rise over $1500 by year end and higher after that.
    It’s a great time to buy gold and silver.

    The Mint really needs to stop making so many products.
    I never liked them carving out $1 sets, quarter sets from the full annual sets.
    I think this has hurt them, not helped them.
    They should stop this silliness.

  38. GMS says

    Well said ClevelandRocks, I pretty much agree with every part of that statement. But as long as the Mint is engaged in this silliness the collector/flipper in me will keep me and millions of others buying this stuff up, for now!

  39. fmtransmitter says

    Wow, I have never seen so many EXPERTS weigh their OPINION in about the outlook of PM’s before. Do we collect coins for their beauty or do we buy PM’s because I can start a bullion blog somewhere else. It is nice to see collectors staying with the Persidential Dollar program, like myself, and in IMO I believe from here on out as we get into the later ones, it will get VERY popular to buy these and they will be worth at LEAST $2 if not more. I love seeing that, because even though it is worthless zinc, it shows that people still recognize the VALUE in a Mint made coin, regardless whether it contains PM or not..

  40. Howard says

    So taking the S 2013 Kennedy pop. found in the Silver Proof Set and the ones
    in the LESPS, how does this pop. compare to other years?

  41. ClevelandRocks says

    ’13 = 2nd lowest (a little north of 400k minted).
    ’12 S silver Kennedy = all time low for any Kennedy (a little under 400k).

  42. Dustyroads says

    Just a heads up – I got a call from GovMint and they have 300 2014 UHR Wedge-Tailed Mercanti signed PCGS PR70 1 oz. coins in for sell for $199.00 each. Then of course they also have the lower grades at lower prices.

  43. Brad says

    Cleveland,

    Don’t forget about the 50,000 coins included in the LESPS for both 2012 and 2013. With those, 2012 had about 445,000 silver Kennedys and 2013 will have about 470,000. It’s no doubt the LESPS will sell all 50,000 units again in 2013.

    The newest sales figures are available on the Excel spreadsheet through 2/9. Before potential adjustment, the SV8 shows sales of 419,756 and the LESPS shows 38,088.

  44. Dustyroads says

    Your welcome, I became a fan of this coin when I got a regular Wedge-Tailed proof from them recently.

  45. Don says

    Dustyroads,

    How much are they without Mercanti’s signature, as I’m not an autograph collector? Nothing like a scrawled signature to mar an otherwise nice label.

  46. Ed says

    Trust me.. The 2013 Silver proof sets will command a high premium. The market always has a lag time till all available sets are bought up! It is just a matter of time.. Also the 2013 Silver Parks Quarters are still available
    from the US Mint.. The last tally of sets sold was 129000 which is not a whole lot. These are another firecracker waiting to be lit and so to be discontinued! A person would be smart to buy a couple extra sets

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