The United States Mint has released an updated final sales total for the 2012 San Francisco Silver Eagle Set. This represented one of the Mint’s most anticipated offerings of the year, which included proof and reverse proof Silver Eagles struck at the San Francisco Mint.
Product sales began on June 7, 2012 and orders were only accepted until July 5, 2012. Rather than establish a maximum product limit, the Mint indicated that the sets would be produced to meet the total demand for orders placed during the four week window. The sets were priced at $149.95 each.
Throughout the ordering period, sales figures were posted on a “sales odometer” placed on the product page. Following the official close of sales, the last number indicated on the odometer was 251,302 sets.
The new updated final sales total for the 2012 San Francisco Silver Eagle Set is 224,981 sets.
The US Mint indicates that this represents the “final unaudited sales.” While it may have removed a large number of order cancellations and/or returns from the previous total, it still does not represent the final audited mintage. However, I would not expect a significant change from the unaudited number to the final audited number.
When I last revisited this offering, prices on eBay for raw sets were around $180 to $190, NGC Proof-70 sets were selling for around $300 to $325, and PCGS Proof-70 sets were selling for around $425 to $450. A survey of recent concluded auctions shows prices for raw sets now mostly falling into the $170 to $180 range. Prices for NGC Proof-70 Sets have been around $270 to $290. The PCGS Proof-70 Sets, which show up with much less frequency, have sold for a wide range of prices between $450 to $600.
It will be interesting to see if the updated final sales figure contributes to a bump up in secondary market prices. The new numbers now make the 2012-S Reverse Proof Silver Eagle the fourth lowest mintage issue of the series (excluding varieties). The lowest mintage is still held by the 1995-W Proof at 30,125, followed by the 2011-S Uncirculated and 2011-P Reverse Proof issues from the 25th Anniversary Set at 100,000 each.
Previously, the fourth lowest mintage was held by the 2006-P Reverse Proof coin from the 20th Anniversary Set at 248,875. This issue now moves into fifth place.