Star Spangled Banner Bicentennial Silver Dollar Set

Today, June 1, 2012, the United States Mint began sales of the 2012 Star Spangled Banner Bicentennial Silver Dollar Set. This limited edition product is offered as part of the  commemorative coin program for our national anthem.

Each set includes the following items incorporated into a folder illustrated with colorful artwork depicting the battle at Fort McHenry:

  • the 2012 Proof Star Spangled Banner Silver Dollar
  • a reproduction of one of Francis Scott Key’s original manuscripts for his poem
  • the lyrics to the Star Spangled Banner
  • information about our national anthem

The Star Spangled Banner Bicentennial Silver Dollar Set is priced at $53.95. The product is limited to 50,000 units and an ordering limit of 100 units per household will be in place for at least the first week of sales.

The US Mint originally began sales of the Star Spangled Banner Silver Dollars on March 5, 2012. The coins were available individually in proof or uncirculated versions or as part of a two coin proof set. The price for the individual proof silver dollar was originally $49.95, but increased to $54.95 after April 5, 2012. This means that the limited edition set incorporating extra materials is currently priced lower than the individual version without the materials.

As of the most recent sales report, the US Mint has recorded sales of 88,651 proof and 33,677 uncirculated SSB Silver Dollars, and another 8,783 proof coins as incorporated into the two coin proof set.

This year, the US Mint also offered a special set for the Infantry Soldier Silver Dollar. The latest sales report indicates that collectors have ordered 43,286 of these sets out of the 50,000 maximum product limit.

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Comments

  1. J A says

    I think this is a nice offering for the year but perhaps to the Mint’s credit, with the upcoming SF quarters and SF ASE set, I need to be a little choosy about what to order.

    I’m sort of on the fence about this one.

  2. fosnock says

    @ Ja

    I know exactly what you mean. That is why the increased price in the SF 75 set made me blow a gasket.

  3. fosnock says

    CO,
    FYI
    The biggest one-day gain ever in dollar terms for gold was $90.40, or 11.6 percent
    Today marked the biggest single-session percentage and point gain for gold since August 2011

  4. Zaz says

    Really attractive product, using proof coins instead of the vapor blasted uncs makes this set a winner. The uncirculated SSBs I received earlier seem to be dull and dingy without the usual bright medal finish of earlier years.

  5. Samuel says

    is it time to pick up a gold coin? which spouse is better? I did not follow them.

  6. Jus-a-coin-luvr says

    I like this SSB stuff so well, that I went ahead and added this Set to an order I was already working from the Mint.

    I’m no “gold expert” on when to buy. From economic indications, I think anytime these days could be a good time. It is probably like many other “averaging” type of investments, you buy at different time frames hoping that on average the timing and purchase price works out.

    Seems to me to be an OK time to be get some Gold product from the Mint with prices rising and the Mint not (yet) changing their prices. If I buy gold from the Mint, there won’t be much future investing thought in it. I’d buy because it was a good opportunity to pick up something that I liked and wanted for my collection. I’d love to hear from any of our Gold experts around here and read their thoughts on the subject.

  7. Saucexx says

    I agree the proof is the better looking coin but the unc will probably be the better investment. Although that might not be saying much.

  8. Jack in N.E says

    I also ordered 1 set today.Perhaps in another few weeks may get another with the SF Eagle set and S quarter rolls if this set is still available.Like many others we have to answer to higher authority the Mrs.& finances in a tough economy.What are the chances of a quick sellout of this product, anyone care to guess?

  9. charles says

    I think this set will do ok, but i think it will take at least 2 months before it comes close to a sell out.

    I plan on getting a couple when I order the sf set.

  10. merryxmasmrscrooge says

    just a big piece of paper with a coin.
    if i had the funds, i would just buy the coin.

  11. merryxmasmrscrooge says

    packaging, slabs, stickers, autographs (most) in the end don’t mean anything. we’re born unclothed and we die unclothed. it’s just the metal that counts.

  12. charles says

    merryx, you must not have the Lincoln Chronicles set…it’
    s more than just the metal.

  13. Hidalgo says

    @MerryXmasScrooge – you must be a dealer, flipper, speculator, or miser…. LOL. As a collector, I really enjoy these special sets. They add much more meaning to the coins I collect. I have most of the special set — that way I can treasure the meanings behind each of the coins.

    I find that, in the long term, stocks are much more profitable as an investment. Since investing in stocks in the 1900s, my investments have doubled or tripled. I can’t say the same is true with every single numismatic item I have purchased…. In fact, I’ve lost money on some of my purchases… LOL. But who cares? The fun is in the collecting……

  14. vaughnster says

    merryxmasmrscrooge says:
    “just a big piece of paper with a coin. if i had the funds, i would just buy the coin”

    I love reading your comments. The SSB set actually cost LESS than just the coin itself. If you don’t have the funds to buy this $50 coin, what do you buy? LOL

  15. Dan says

    Hey Hildago

    If you like sets with a bit of history to them, have you looked at the BEP founding fathers set? Great for young collectors also.

  16. VABEACHBUM says

    The other aspect of this packaging that uses colorful artwork, historical information AND a great coin is the potential for greater appeal to younger collectors. Lots of interesting pictures with bright colors will garner additional attention.

    If there is one marketing area where our great US Mint is severely lacking, it is within the young collector and future, long-time customer market. In contrast, the Perth Mint is light-years ahead.

    The last, bonafide young collector product from the US mint was the 2008 Bald Eagle Young Collector Set. Again, colorful and simplistic but, as continues to be typical for all US Mint products, it was introduced with absolutely no marketing – let alone to the intended market. I picked up two at the time; one for me and one for my goddaughter, who was 8YO at the time. She was hooked, and I continue to advance her into the hobby.

    Just like each of us, the Mint needs to start building its future now, as we current customers are not going to be around forever!!

  17. Jack in N.E says

    Like Hidalgo mentioned earlier,there are perhaps better investments out there but I also collect for fun and the teachable moments it may bring the younger ones. Profit figures lower on my reasons for purchashing

  18. Jack in N.E says

    Let me add to my previous comment. Yes it is nice to earn a profit maybe somewhere down the line my grandchildren will see some value to collecting and have some enjoyment even though it will probably mostly be at my expense.

  19. Jus-a-coin-luvr says

    Totally true “Jack in N.E.” and what a great memory to leave for those children and grandchildren. I’ve collected coins since I was about 6yrs old. My collection (after growing older) has always had the target custodians of my children and grandchildren. I got my daughter interested in coin collecting at an early age and already have my grandsons interested. Building that interest is what will have the best chances of them respecting and holding onto a collection that is passed down rather than just selling it for profit. After I’m gone, it won’t really matter what happens, but my hope is that they will keep the collection going on into their lifetimes.

  20. guama says

    @Jus

    I agree. My granddaughter is 4 and she loves to look at my collection. Someday she will look back and remember our time together. Better than selling any day. Memories are priceless 🙂

  21. auxmike says

    I like this set but find these folders take up too much space in the coin box. I sold all my presidential dollar covers because of this, it was a hassle ….

  22. Samuel says

    i dont think it is good idea to introduce the coin collecting hobby to young generation. in the past there are not so many coins to collect. but now, so many world coins. the life for the next generation will be tough.

  23. auxmike says

    I’ve gotten my niece started, shes 7 years old. I love knowing I’ll have someone to pass my stuff along to over time to keep her interested….
    These kids are like Zombies with these video games….

  24. Louis says

    If we don’t encourage the next and future generations, there will not be many collectors left some day. The serious collectors who are over 50 are dying off and need to be replaced by the younger crowd. That is partly why modern coins are so popular. They appeal more to younger collectors. Since I don’t have children, I have tried to encourage and mentor a cousin’s daughter, who is basically like a niece.

  25. guama says

    Giving my children (and then passing it along to my grandchildren) my collection makes it easier to spend money on my hobby. I know that I will never lose by doing that. Sure the annual sets have lost money…but having them makes me happy and imo having a hobby is not meant for monetary gain.

  26. Jus-a-coin-luvr says

    Yep, even if we were the most skilled coin-flippers on the planet, and the US Mint provided our every price/mintage desires, nobody is taking it with them when they croak. Very few people will remember someone for being a great coin-flipper, in fact that kind of memory fades really fast if it ever even becomes a memory. Leaving the coins themselves coupled with the memories of teaching the younger generation about the beauty, craftsmanship and fun of coin-collecting will have a more lasting effect IMO.

  27. guama says

    I once read an article that you will be remembered for 50 years after you die. Your grandchildren will be grown and will remember bits and pieces of you. So..make your mark and leave your footprints. I decided it’s my coin hobby that will live on way after I am gone. Hopefully, the future generations will keep it and will indeed think it’s a fun thing to collect. We need to get the young people involved and interested. Heck, I was a 8 year old collecting wheat pennies and birdie pennies from Canada. It doesn’t have to be large and expensive.

  28. says

    I totally agree. I have given my Kids the bug and now starting on the Grand Kids, Hopefully I will be around for the great grand kids. For me its the pleasure that is on their faces when they tell me (I am saving these and not touching them). Those of you that give hope to the those of us that collect God Bless and especially Michael for allowing us to interface with others of like mind.

  29. Broooster says

    All this talk of getting kids or grand kids interested in the hobby is exactly why I purchased the Canadian glow in the dark dinosaur coin. That is totally for my grandson. Now looking back, I wish I would have bought one for my grand daughter, but I think it is more fitting for a boy. I am doing a different theme for her. Hoping between the two of them, one of them takes an interest.

  30. Jus-a-coin-luvr says

    The “whiff of those kinds of things” runs rampant in our government whether Democrat or Republican is involved. Activities of that nature go on routinely and is the way things get done in our government (unfortunately). I wish we could wake up tomorrow with a government that was not corrupted by these things, but I haven’t seen “pigs fly” just yet. At least there was good done for the Disabled Veterans and MOH programs through those coins.

  31. george glazener says

    I saw pigs fly at a Pink Floyd concert in 1977…!
    But then my senses were slightly altered at the time.

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