Today, July 5, 2012 at 5 PM ET, the United States Mint will stop selling its collectible 2012 San Francisco Proof Silver Eagle Two-Coin Set.
In a departure from past product offerings, the U.S. Mint did not limit sales of the sets by a predetermined mintage or offer them for an extended time period. Instead, demand drives how many are produced but only within a four-week window — from their debut on June 7, 2012 through to today.
Priced at $149.95, sales are robust with the latest tally at 245,131 as of mid-afternoon on Wednesday, July 4. For that price, buyers get two coins:
- a typical proof Silver Eagle with satin design elements and a mirror-like background,
- a more unique reverse proof Silver Eagle with mirror-like design elements and a satin background
Both of these American Eagles are manufactured at the San Francisco Mint and carry a corresponding ‘S’ mint mark. A proof Silver Eagle had not been struck at San Francisco since the early 1990′s.
Demand for the two-coin sets has been most impressive since the weekend of June 23. Daily set sales have averaged nearly 10,000 coins since then, with the last three published results since Monday showing respective increases of 25,471; 16,292; and 27,780. The U.S. Mint provided daily updates via its sales odometer on the set’s product page.
It seems certain that the 250,000 mark will be breached, which will put this set’s sales above those of the 20th Anniversary Sets issued in 2006. Sales are nearly 2.5X higher than last year’s 25th Anniversary Sets.
Order from U.S. Mint
There are no ordering limits in place for the 2012 San Francisco Proof Silver Eagle Two-Coin Set. Collectors may buy as many as they want. The sets may be ordered online at http://www.usmint.gov.
As of this writing, the U.S. Mint has indicated the new orders will be available for shipping on October 31, 2012. Products will often ship earlier than advertised.