The United States Mint Limited Edition 2017 Silver Proof Set sold out in just a few days.
It went on sale Oct. 5.
This particular Mint sellout went in two stages.
An order limit of two sets was in place for the first 24 hours.
This was lifted on Oct. 6.
The remaining supply was quickly snapped up.
As of the Mint’s Oct. 8 weekly sales report, buyers had taken 49,978.
Maximum mintage is 50,000.
Price of the set was $139.95.
Its centerpiece is a proof 2017-S silver American Eagle.
This is the second offering of this particular coin.
Back in April, there was a near instantaneous sellout of the 2017 Congratulations Set, which featured the 2017-S proof. Maximum mintage for it was 75,000.
The Congratulations Set soared in price on the secondary market.
Now, with another 50,000 proof 2017-S silver American Eagles added, the supply of these coins becomes approximately 125,000.
Will the secondary market reward buyers of the Limited Edition Set?
While the proof Eagle coins are identical, marketers can keep the two supplies separated by selling full sets.
It is cheaper for collectors to buy the other denominations from the Limited Edition set independently, but it is the silver Eagle that is driving the overall price.
The other coins in the Limited Edition set are the five “S” mintmarked silver proof 2017 America the Beautiful quarters and “S” proofs of the Kennedy half and Roosevelt dime.
These lower-denomination coins are included in the 2017 silver proof set. There are already more than a quarter of a million of these and another 73,909 in sets of just the silver proof quarters.
That means there are almost 325,000 of the 2017 proof silver quarters out there among the buyers of the various sales options.
The Limited Edition set is not setting records on eBay, but it is moving for more than cost. The price is up to $187.95 on a Buy It Now basis. That’s a gain of $48.
This article was originally printed in Numismatic News. >> Subscribe today.
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