News Update: The U.S. Mint issued a statement at 1:06 p.m. Eastern
Time Oct. 6 announcing the lifting of the two-sets-per-household
ordering restriction for the 2017 Limited-Edition silver Proof set.
The sets went on sale Oct. 5.
During the first nearly 22 hours the 2017 Limited Edition Silver Proof set was
available from the U.S. Mint, sales of the maximum 50,000 sets
available totaled 29,164. Customers were still able to place orders
for the set as
World went to press Oct. 6.
The set went on sale at noon ET Oct. 5.
The set, initially limited to two per household at $139.95 per set,
is the second of two 2017 sets containing a Proof 2017-S American
Eagle silver dollar. The other is the 2017 Congratulations set.
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Some in the coin marketplace anticipated that despite the household
ordering restrictions, the set would register a complete sellout soon
after sales began, but that scenario did not materialize.
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As the launch of sales of the set loomed, some speculators placed
notices on Facebook and other social media outlets offering to pay
premiums for sets, expecting the Mint to sell out of its inventory.
Some of the speculation was based on past experiences. On April 4,
the Mint sold out of its offering of 75,000 Congratulations sets. That
product was offered at $54.95 each. There were no household ordering restrictions.
The Limited Edition Silver Proof set contains the Proof 2017-S
American Eagle 1-ounce .999 fine silver dollar and .900 fine silver
Proof versions of the 2017-S Roosevelt dime, Kennedy half dollar, and
five America the Beautiful quarter dollars — for Effigy Mounds
National Monument in Iowa; Frederick Douglass National Historic Site
in the District of Columbia; Ozark National Scenic Riverways in
Missouri; Ellis Island in New Jersey; and George Rogers Clark National
Historical Park in Indiana.
Sales of the 2017 set follow those of the 2016 Limited Edition
Silver Proof set.
No 2015 Limited Edition Silver Proof set was offered; sales of the
planned set were delayed until December 2015 and Mint officials
decided to cancel the set rather than offer it for just a few weeks to
comply with congressional mandate that all Proof American Eagle silver
dollars sold in 2016 bear the 30th anniversary edge device.
The Mint also offered Limited Edition Silver Proof sets in 2012,
2013, and 2014.
Previous sets contain the same coins as the 2017 set — the silver
Roosevelt dime, five America the Beautiful quarter dollars, and
Kennedy half dollar, plus an American Eagle silver dollar.
The Proof 2017-S American Eagle silver dollar in the two 2017 sets
is the second such piece to be struck at the San Francisco Mint since
1992. The most recent one was struck in 2012 for a set marking the
75th anniversary of the current San Francisco Mint (the regular Proof
2012 coins were struck at the West Point Mint).
The San Francisco Mint struck the annual Proof American Eagle silver
dollar each year from the introduction of the series in 1986 through 1992.
In 1993, Proof American Eagle silver dollar production was moved to
the Philadelphia Mint, with coins issued annually through 2000 bearing
that facility’s P Mint mark. The only exception between 1993 and 2000
was in 1995, when two silver Proof American Eagles were issued — one
at the Philadelphia Mint for individual purchase, and the second, at
the West Point facility. The 1995 West Point Mint strikes were
included in a special five-coin set that also included Proof versions
of the four American Eagle gold coins, with the silver coin being a
bonus. The five-coin Proof sets were offered at the same $999 price as
the four-coin gold Proof sets. The U.S. Mint sold a total of 30,125 of
the five-coin Proof sets.
Examples of the Proof 1995-W American Eagle silver dollar alone
trade hands today for thousands of dollars each and are the key to the series.
In 2001, Proof American Eagle silver dollar output was moved to the
West Point Mint.
The West Point Mint has struck a Proof American Eagle silver dollar
annually since, except for 2009, when Proof production was suspended
because silver blanks were all diverted to bullion coin production.