The 2017 Congratulations Set with S-Mint silver Eagle: If nothing else, it will be exciting

2017-Congratulations-Set-17rf_

The Mint promised us a number of surprises for its 225th-anniversary year. The first was the news that the 2017 cents minted in Philadelphia would, for the first time ever, have the P mintmark. Word got around slowly, starting with a post on a PCGS discussion board about a 2017-P penny that had turned up in pocket change.

Then, just last week, another such surprise came out, and it, too, was unannounced—a sort of Easter egg for the collecting public to discover. The annual Congratulations Set, which has contained a standard-issue, West Point–minted Proof silver Eagle since the sets were first released in 2012, will be released at noon tomorrow with a Proof ASE from the San Francisco Mint, complete with mintmark.

The news of this one traveled more quickly, first surfacing in comment threads and on message boards: Am I seeing this right? or I think the Mint made a typo. As more people went to the Mint’s website and scrutinized the photos, the cat was let out of the proverbial bag, and the story moved from the comment threads to the headlines. Soon afterward, a Mint press release announced that, not only would the Congratulations Set have an S-Mint Proof, the 2017 Limited Edition Silver Proof Set would, as well.

The exciting part, of course, is not so much the existence of the S-marked ASE but the matter of its potential mintage. The product limit for the Congratulations Set is 75,000; for the LESPS, it has traditionally been 50,000. There’s nothing to keep the Mint from raising the limit on the latter, or from adding the S-Mint Proofs to another product later in the year. But no one wants to get shut out when the 2017-S coin could end up being a low-mintage key date. The price point, $54.95, means that it’s no huge loss for the buyer if it doesn’t work out that way.

The price point is also a clue to the Mint’s timing with the coin. On Thursday, the Mint is releasing one of its highest-priced items of the year: the American Liberty 225th-anniversary gold coin. Even at spot value, the coin would be out of reach for casual collectors—and its final price will be several hundred dollars over spot. Why not release a budget-minded coin with a bit of excitement to it, around the same time as the big-ticket item? That gives everyone a chance to play.

Collectors and would-be flippers will be poised tomorrow at noon Eastern time for the set’s release. A few will get through right away; many more will have to refresh the screen several times to get in. With no household order limit in play, quite a number of people will buy multiples. And, of course, many people will be shut out, and will have to make a decision: pay a premium now—either on ebay or in buying a pricey LESPS—and risk wasting their money when the mintage runs into the high range? Or don’t buy one at all, and risk kicking themselves when the 2017-S ends up being a comparative rarity?   ❑

Facebook Twitter Email

Comments

  1. Louis Golino, Author says

    @joe#2- I see they are down to 25, so they should be gone soon, which is great news!

  2. Daveswfl says

    Bay prices for ASE S Congratulations Set surprisingly strong. A ton of availability!

  3. mike says

    I started ordering coins from the mint in January this year. Got a new job and can afford to buy coins again. I work nights and was able to sit at the computer at 9 am yesterday and order the American Silver Eagle S mint coin. But, in my order history it indicates Back Ordered. I know, in general, what that indicates, but can someone tell me what it indicates when the Mint uses the phrase. Will I receive the coin?

  4. Baldwin says

    Has anyone gotten a shipping notice for the Congratulations sets yet? I see my CC still hasn’t been hit.

  5. cagcrisp says

    With the Price of the 2017 HR Liberty @ $1,640.00…Considering what happened Yesterday and what is happening Today…

    Predictions for Launch Day and Launch Week sales for the 2017 HR…

    KCSO-Day 16,500
    KCSO-Week 21,750

    cagcrisp-Day 18,500
    cagcrisp-Week 20,000

    Dustyroads-Day 7,500

    data dave-Day 30,000
    data dave-Week 35,000
    data dave-End of Year 40,000

    earthling-Day 17,000
    earthling-Week 21,000
    earthling-2017 46,000
    earthling-2018 57,000

    Mr. Kairu-Day 21,000
    Mr. Kairu-Week 23,000

    SILKY-Day 5,000
    SILKY-Week 11,000

    Sith-Day 38,000
    Sith-Week 44,000

    sharks2th-Day 9,218
    sharks2th-Week 11,342

    joe#2-Day 27,000
    joe#2-Week 35,000

    Stipey-Day 18,000
    Stipey-Week 21,000

    Mattarch-Day 6,800
    Mattarch-Week 9,760

    Montana John-Day 4,750
    Montana John-Week 7,450

    DBR-Day 7,700
    DBR-Week 18,000

    Joe M.-Day 15,000
    Joe M.-Week 18,000
    Joe M.-2017 20,000
    Joe M.- <23,000 pulled in 2019

    felson-Day 28,000
    felson-Week 31,500

    zephin-Day 20,100
    zephin-Week 22,100
    zephin-2017 28,100

    Old Big Bird-Day 7,500
    Old Big Bird-Week 17,500

    Goat-Day 26,183
    Goat-Week 31,183

    Don-Day 15,250
    Don-Week 21,000
    Don-End Sell 45,000

    JARHEADnFLORIDA-Day 10,000
    JARHEADnFLORIDA-Week 15,000

    Yes, But…You Can't Take It With You-Day 15,000
    Yes, But…You Can't Take It With You-Week 20,000
    Yes, But…You Can't Take It With You-Final 50,000

    Xena-Day 11,500
    Xena-Week 12,700

  6. johnaz says

    On e-bay big boys selling 100 set 2017 -s proof 2400.00.said in stock ready to ship.I saw five ads like this.I like to know how they have them in stock.

  7. zephin says

    @ Baldwin… nope I’m still at “Order Status: PROCESSING —- Method: Fedex Smartpost “

  8. zephin says

    @ cagcrisp …. PM Gold Fix $1,245.80…2017 HR Liberty $1,640.00…

    So is that the price for tomorrow? I need to see how many pennies I have ….LOL

  9. Mike in NY says

    No rush on the 2017 HR Liberty. I may pick one up later in the year depending on gold prices. My sales guesses: Launch Day 23,500, Launch Week 28,100

  10. johnaz says

    I call the seller on e-bay about the 100 2017- s proof its 12500.00 for 100. said he pick them up today at the mint in hand .

  11. cagcrisp says

    With the Price of the 2017 HR Liberty @ $1,640.00…Considering what happened Yesterday and what is happening Today…
    Predictions for Launch Day and Launch Week sales for the 2017 HR…

    KCSO-Day 16,500
    KCSO-Week 21,750

    cagcrisp-Day 18,500
    cagcrisp-Week 20,000

    Dustyroads-Day 7,500

    data dave-Day 30,000
    data dave-Week 35,000
    data dave-End of Year 40,000

    earthling-Day 17,000
    earthling-Week 21,000
    earthling-2017 46,000
    earthling-2018 57,000

    Mr. Kairu-Day 21,000
    Mr. Kairu-Week 23,000

    SILKY-Day 5,000
    SILKY-Week 11,000

    Sith-Day 38,000
    Sith-Week 44,000

    sharks2th-Day 9,218
    sharks2th-Week 11,342

    joe#2-Day 27,000
    joe#2-Week 35,000

    Stipey-Day 18,000
    Stipey-Week 21,000

    Mattarch-Day 6,800
    Mattarch-Week 9,760

    Montana John-Day 4,750
    Montana John-Week 7,450

    DBR-Day 7,700
    DBR-Week 18,000

    Joe M.-Day 15,000
    Joe M.-Week 18,000
    Joe M.-2017 20,000
    Joe M.- <23,000 pulled in 2019

    felson-Day 28,000
    felson-Week 31,500

    zephin-Day 20,100
    zephin-Week 22,100
    zephin-2017 28,100

    Old Big Bird-Day 7,500
    Old Big Bird-Week 17,500

    Goat-Day 26,183
    Goat-Week 31,183

    Don-Day 15,250
    Don-Week 21,000
    Don-End Sell 45,000

    JARHEADnFLORIDA-Day 10,000
    JARHEADnFLORIDA-Week 15,000

    Yes, But…You Can't Take It With You-Day 15,000
    Yes, But…You Can't Take It With You-Week 20,000
    Yes, But…You Can't Take It With You-Final 50,000

    Xena-Day 11,500
    Xena-Week 12,700

    Mike in NY-Day 23,500
    Mike in NY-Week 28,100

  12. Baldwin says

    Considering the 1st HR coin took so long to sell out after a robust start and a flat finish. I suspect there won’t be a huge demand for these. I also don’t really care for the coin.

    1st Day 17,000
    1st week 21,500

  13. jhawk92 says

    @Baldwin/Zephin-

    I ordered my 2 within the first minute, got the confirmation email about 30 min later. I have no shipping email and my order status is still showing “Backorder.” No CC hit yet. So, I can only hope that I’m in queue for 2…

  14. cagcrisp says

    With the Price of the 2017 HR Liberty @ $1,640.00…Considering what happened Yesterday and what is happening Today…
    Predictions for Launch Day and Launch Week sales for the 2017 HR…

    KCSO-Day 16,500
    KCSO-Week 21,750

    cagcrisp-Day 18,500
    cagcrisp-Week 20,000

    Dustyroads-Day 7,500

    data dave-Day 30,000
    data dave-Week 35,000
    data dave-End of Year 40,000

    earthling-Day 17,000
    earthling-Week 21,000
    earthling-2017 46,000
    earthling-2018 57,000

    Mr. Kairu-Day 21,000
    Mr. Kairu-Week 23,000

    SILKY-Day 5,000
    SILKY-Week 11,000

    Sith-Day 38,000
    Sith-Week 44,000

    sharks2th-Day 9,218
    sharks2th-Week 11,342

    joe#2-Day 27,000
    joe#2-Week 35,000

    Stipey-Day 18,000
    Stipey-Week 21,000

    Mattarch-Day 6,800
    Mattarch-Week 9,760

    Montana John-Day 4,750
    Montana John-Week 7,450

    DBR-Day 7,700
    DBR-Week 18,000

    Joe M.-Day 15,000
    Joe M.-Week 18,000
    Joe M.-2017 20,000
    Joe M.- <23,000 pulled in 2019

    felson-Day 28,000
    felson-Week 31,500

    zephin-Day 20,100
    zephin-Week 22,100
    zephin-2017 28,100

    Old Big Bird-Day 7,500
    Old Big Bird-Week 17,500

    Goat-Day 26,183
    Goat-Week 31,183

    Don-Day 15,250
    Don-Week 21,000
    Don-End Sell 45,000

    JARHEADnFLORIDA-Day 10,000
    JARHEADnFLORIDA-Week 15,000

    Yes, But…You Can't Take It With You-Day 15,000
    Yes, But…You Can't Take It With You-Week 20,000
    Yes, But…You Can't Take It With You-Final 50,000

    Xena-Day 11,500
    Xena-Week 12,700

    Mike in NY-Day 23,500
    Mike in NY-Week 28,100

    Baldwin-Day 17,000
    Baldwin-Week 21,500

  15. cagcrisp says

    @mike, “But, in my order history it indicates Back Ordered. I know, in general, what that indicates, but can someone tell me what it indicates when the Mint uses the phrase. Will I receive the coin?”

    Somewhere between Minute 1 and Minute 2 the “S” went into back order status. You Should receive your coin, it just will go out when all the back order orders go out…

  16. earthling says

    I actually like my 2015 HR Gold Coin – well sort of. The Eagle on the reverse is very stunningly done. The obverse … well it’s OK but .. well it’s just OK. Can’t remember the last time I looked at it, sort of like all my locked away Coins. Can’t just have that sort of stuff laying around, unsecured.

    When it comes to the 2017 HR.. well the reverse sort of looks OK, but the obverse… I don’t need this sort of stuff at all. When’s that Platinum Eagle coming out? What about that Palladium thing?

  17. Larry says

    My last comment on the S ASE – I guess what bugged me the most was that I had it in my cart and poof! This is like someone ripping that flat screen TV out of your cart at Walmart during the Black Friday sale. I supposed it would be very difficult for the mint to fix that, but it just seems that if it’s in you cart, it’s yours. Now I’m done.

  18. MarkInFlorida says

    Didn’t want to get the congrats set, won’t get the ugly overpriced gold. What to do? Buy bullion near spot I guess. Maybe Trump silver rounds?

  19. JohnT58 says

    Larry,
    I agree with you. Once something is in your cart, you should have a few minutes to complete the transaction before the item disappears. I had no issues ordering yesterday but have had problems in the past with getting through the checkout process.

  20. says

    Baldwin says
    APRIL 5, 2017 AT 9:32 AM

    Has anyone gotten a shipping notice for the Congratulations sets yet? I see my CC still hasn’t been hit.

    Do you have a Back Order?
    CC should have hit by now, or stated as ‘Pending’

  21. John Q. Coinage says

    I have lost stuff in cart many times & had them sell out in mid check out, the MINT is a pos for the no HH limit, why, for wht reason would ther be NONE>? As to the 2017 HR, no % I don’t care the mint can kiss my…… Sales will be lucky to hit 10,000 day 1, more like 6,6oo. It will languish longer on the mint’s website than Methusala’s 401k…..

  22. says

    Cag – would like to adjust fire from:

    KCSO-Day 16,500
    KCSO-Week 21,750

    To

    KCSO-Day 11,500
    KCSO-Week 16,750

  23. Old Big Bird says

    Unless I missed something. I did not see the 2017 S AES for sale on HSN.
    If he had them he would already be selling them

  24. cagcrisp says

    @KCSO, That 2nd entry will cost you Twice the entry fee. I hope you know that…

  25. John Q. Coinage says

    Last on the 2017 S ASE Proof, as the coin collector field slowly dwindles off & gets po’d, are there 75k HARD CORE ASE collectors that will pay $150 for this Eagle? If so when it’s time to selli n10, 20…30 year…there is no way there will be 75k collectors who even care…..Look @ 2016 HR Medal, on Ebay they are <$100 BIN w/o offers, I just made an offer @ $47.5o….waiting…35% profit & they have 12 (how is THAT!) 2much but will advise….

  26. cagcrisp says

    With the Price of the 2017 HR Liberty @ $1,640.00…Considering what happened Yesterday and what is happening Today…
    Predictions for Launch Day and Launch Week sales for the 2017 HR…

    KCSO-Day 11,500
    KCSO-Week 16,750

    cagcrisp-Day 18,500
    cagcrisp-Week 20,000

    Dustyroads-Day 7,500

    data dave-Day 30,000
    data dave-Week 35,000
    data dave-End of Year 40,000

    earthling-Day 17,000
    earthling-Week 21,000
    earthling-2017 46,000
    earthling-2018 57,000

    Mr. Kairu-Day 21,000
    Mr. Kairu-Week 23,000

    SILKY-Day 5,000
    SILKY-Week 11,000

    Sith-Day 38,000
    Sith-Week 44,000

    sharks2th-Day 9,218
    sharks2th-Week 11,342

    joe#2-Day 27,000
    joe#2-Week 35,000

    Stipey-Day 18,000
    Stipey-Week 21,000

    Mattarch-Day 6,800
    Mattarch-Week 9,760

    Montana John-Day 4,750
    Montana John-Week 7,450

    DBR-Day 7,700
    DBR-Week 18,000

    Joe M.-Day 15,000
    Joe M.-Week 18,000
    Joe M.-2017 20,000
    Joe M.- <23,000 pulled in 2019

    felson-Day 28,000
    felson-Week 31,500

    zephin-Day 20,100
    zephin-Week 22,100
    zephin-2017 28,100

    Old Big Bird-Day 7,500
    Old Big Bird-Week 17,500

    Goat-Day 26,183
    Goat-Week 31,183

    Don-Day 15,250
    Don-Week 21,000
    Don-End Sell 45,000

    JARHEADnFLORIDA-Day 10,000
    JARHEADnFLORIDA-Week 15,000

    Yes, But…You Can't Take It With You-Day 15,000
    Yes, But…You Can't Take It With You-Week 20,000
    Yes, But…You Can't Take It With You-Final 50,000

    Xena-Day 11,500
    Xena-Week 12,700

    Mike in NY-Day 23,500
    Mike in NY-Week 28,100

    Baldwin-Day 17,000
    Baldwin-Week 21,500

  27. J Jonah Jameson says

    OK, so who wants to buy a sealed box of 74,000, First Strike eligible? I hear the tri-axle backing up now.

  28. Baldwin says

    KCSO… all day yesterday my order was “Processing” when I looked. When you asked today it does show as “Backorder”.

    12:01 – USM049854XX

    Has anyone with an order number higher than that been shipped?

  29. isp_stuff says

    Wish I new the mints order select and filling process.
    My sons order was 140 higher than mine order for Congratulations set and it shows shipped
    my wife’s order number if 400 less it shows shipped

    The order I placed is on back-order, it is the one going to a po box ?

    Do PO box orders get pushed out ? or is the shipping strictly random

  30. John Q. Coinage says

    Orders of 500 units or more get priority. The 25,000 order went out yesterday…..? too bad no coin snope$

  31. earthling says

    http://www.groveminting.com/market/commemorative-tokens/42-2017-silver-commemorative-proof-of-the-1977-liberty-dollar.html

    Here’s something that might be of interest to the old guard here on MNB. I have the Nickel version (struck in Nickel metal) ready to be delivered tomorrow. I went back on the website today to get a link and saw a Silver version on sale. Well I ordered up and decided to share the Silver version here on MNB.

    I thought it was interesting enough to check it out. If it looks good to anyone else…. give it a try.

    I first learned of this on Dave Harpers blog on Numismatic News.

  32. JARHEADnFLORIDA says

    Earthling, have you ever had any problems with this company? I never heard of them before.

  33. earthling says

    JarHead

    I never heard of them either. I thought I saw a blurb about them on Dave Harpers blog but I went back to try to find it and … no luck. Anyway I’m supposed to get delivery of 4 of the Nickel (metal used , not Nickel 5 cent coin) versions tomorrow. Today I saw they had a new Silver version up and I’ve ordered 5 of those.

    Hope everything turns out OK and I’m sure it will. I remember seeing that Gasparrow design on the cover of Coin World way back in 76 or maybe 77.

  34. Laurence J Ramos says

    Congratulations Silver Eagle Proof PF70 on Ebay

    It looks like Modern Coin Mart, must have ordered thousands (Gov mint and Modern Coin Mart are the same company.) and got a lot of the inventory according to ebay listings. Can you believe they want up to 349.00 for a proof 70. Thats 6 times the value. They had over 423 coins listed just under the PF70 labels. Thats 86,552 plus 45,325. For a total of $131,877.00 Just for the PF 70’s???. Not to mention the PF69’s. This is how these coin company’s whored out their customer base.

Leave a Reply

Your email address will not be published. Required fields are marked *