The U.S. Mint's interpretation of recently enacted legislation forces the
cancellation of a 2015 Limited-Edition Silver Proof set.
The U.S. Mint was already experiencing unrelated packaging issues delaying the
originally scheduled Nov. 23, 2015, release.
"The Mint was working well towards resolving the packaging
issue for the 2015 Limited Edition Silver Proof Set," Adam Stump,
deputy director of the Mint's Office of Corporate Communication, said
via email Dec. 17. "Section 73002 of Public Law 114-94, enacted
on December 4, 2015, requires that all Proof and Uncirculated versions
of the American Eagle Silver Dollar issued during calendar year 2016
have a smooth edge incused with a designation that notes the 30th
anniversary of the first issue of the American Eagle Silver Bullion Coin.
"Because of the legislation, the product would not have been
able to be offered in 2016. If you recall, the 2014 Limited Edition
Silver Proof Set was not offered until early 2015. But we would not
have been able to offer this year’s product in 2016. Accordingly, the
decision was made to cancel the offering."
Even though the Proof American Eagle scheduled for inclusion in the
2015 set would be dated 2015, Mint offficials concluded Public Law
114-94 would have required the Proof 2015-W American Eagle silver
dollar in the set to bear a smooth edge instead of reeded edge and
carry the 30th anniversary designation, since the set was being issued
The 30th anniversary designation will appear on the smooth edge of
the Proof and Uncirculated 2016-W silver American Eagles, but not on
the edge of the 2016 bullion versions, which will still be struck with
a complete reeded edge. The bullion versions do not bear a W Mint mark.
The eight-coin 2015 Limited-Edition Silver Proof set was to contain
the Proof 2015-W American Eagle 1-ounce .999 fine silver
dollar struck at the West Point Mint, along with Proof 2015-S .900
fine silver versions, struck at the San Francisco Mint, of the Roosevelt dime,
Kennedy half dollar and five America the Beautiful quarter dollars
depicting Homestead National Monument of America, Kisatchie
National Forest, Blue Ridge Parkway, Bombay
Hook National Wildlife Refuge and Saratoga
National Historical Park.
The 2014 Limited Edition Silver Proof set, offered
at $139.95, wasn't released for sale until March 17, 2015. Limited to
50,000 sets, 41,609 of the maximum sets available were recorded sold
through Dec. 13. The 2014 set goes off sale at noon Eastern Time Dec. 30.