Limited Edition Silver Proof Set for Last Year

by Darrin Lee Unser on March 17, 2015 · 22 comments

Earlier today, March 17, 2015, the United States Mint started selling the 2014 Limited Edition Silver Proof Set. No, this is not a typo. It is a 2014-dated product with every coin struck in 2014. The release follows a delay owing to improved packaging.

2014 Limited Edition Silver Proof Set

2014 Limited Edition Silver Proof Set

Pricing of the set is $139.95, matching that of the 2013 set which sold out at 47,971. The one from 2012 sold out at 50,169. This latest issue does feel more expensive with silver prices now near $15.50 an ounce compared to the $19.80 an ounce price when the 2013-dated set launched. The eight coins of these annual sets have a silver weight of 2.338 ounces troy ounces.

Front view of the lens of coins for 2013 Limited Edition Silver Proof Set

Front view of the lens of coins for the prior 2013 Limited Edition Silver Proof Set. It sold out with sales of 47,971.

Included coins of the 2014 Limited Edition Silver Proof Set are:

  • 2014-W American Eagle Proof Silver Coin (.999 fine silver)
  • 2014-S Great Smoky Mountains Silver Proof Quarter (.900 fine silver)
  • 2014-S Shenandoah Proof Silver Quarter (.900 fine silver)
  • 2014-S Arches Proof Silver Quarter (.900 fine silver)
  • 2014-S Great Sand Dunes Proof Silver Quarter (.900 fine silver)
  • 2014-S Everglades Proof Silver Quarter (.900 fine silver)
  • 2014-S Kennedy Proof Silver Half Dollar (.900 fine silver)
  • 2014-S Roosevelt Proof Silver Dime (.900 fine silver)

Of note, these coins are not exclusive to the limited edition set. The proof Silver Eagle debuted by itself on Jan. 23, 2014 for $52.95, and it is found in the 2014 Congratulations Set for $54.95.

The other seven coins are part of the larger 2014 Silver Proof Set made available on April 29, 2014 for $53.95. Finally, the five 2014 quarters are also in the 2014 America the Beautiful Quarters Silver Proof Set issued on Jan. 21, 2014 for $31.95.

Ordering

To order a 2014 Limited Edition Silver Proof Set, visit the United States Mint website at www.usmint.gov/catalog. A direct link to its online product page is here. Place orders also by calling the Mint’s customer service line at 1-800-USA-MINT (872-6468).

There are no household ordering limits but a mintage limit of 50,000 applies.

{ 22 comments… read them below or add one }

jim March 17, 2015 at 12:26 pm

I never bought one of these sets since there’s nothing unique in the set and the packaging is a boring 2 color image. Consequently I find it hard to imagine what they did to improve the packaging since they obviously didn’t change the background image any. And that it took over a year to do this is ridiculous. Obviously not high on anybody’s priority list.

jim March 17, 2015 at 12:27 pm

Obviously another Peterson fiasco.

Joe C March 17, 2015 at 1:39 pm

WAY over priced. Nothing special about it.

Whistler March 17, 2015 at 1:56 pm

PT Barnum was right! Coin Collectors are now buying ‘plastic’…….US Mint how about some value for our $$$

profitter March 17, 2015 at 2:30 pm

They should make this set unique if US mint wanted highest profit
My subjection are make these coin all reverse proof ,from Denver mint, may be all struck in 9999.9 fine silver

john kruger March 17, 2015 at 2:33 pm

I purchased the 2013 set- Spotted Kennedy half…scratches on the silver eagle..What they need is better quality control at the mint for that price

james March 17, 2015 at 3:45 pm

I had a similar experience as Mr. Kruger – a proof direct from the mint should be flawless – there is no reason for anything less. Its a nice set, even if pricey, but the its 50/50 I’ll get one thats not damaged. I believe the mint uses leftovers – including returns – for these sets.

Boz March 17, 2015 at 6:26 pm

That’s the reason the third party graders are in business, because of poor mint quality control over currently produced coins.

Joe March 19, 2015 at 9:37 pm

Isn’t it cheaper to buy a silver proof set and a proof silver eagle individually? You would get more coins also. Nickel and penny.

Joe March 20, 2015 at 12:58 pm

Also you would get the five golden dollars in the silver proof set.

bobby March 22, 2015 at 6:43 pm

there breaking there own law if the documents I have are correct? I have U.S. mint order forms that go back to the 60s. I have tried to find out some information about the congresses legislative act regarding coin sales from the mint. maybe someone has more info I cant find it. but according to there forms no coins will be sold from the year before. unless they were for sale prior to the end of that year? and they were left over from the year before.
another thing I found was that there was 30,500 95w 5 coin sets made they sold 30,125 in 1995. there was 875 of the sets left in 96 the mint would not sell them using the 1976 legislative act provided by congress that orders dated after the last Thursday of November are not guaranteed?. don’t quote me on this it is just something I read.

Charles k. Miller March 23, 2015 at 4:42 pm

If the Mint had its act together, they would be offering 2015 sets and proof singles to us by no,. not, recycled old proofs from last year.

Tim Catenac April 3, 2015 at 7:47 pm

I have purchased two 2014 mint sets and both proof sets have scratches on the inside of the plastic display case from the coins rubbing against it during shipping.
any one else had these issues?

Rick Smith April 7, 2015 at 10:55 am

Take a look at what the 2012 limited edition proof sets are selling for on ebay. $500+

bobby April 8, 2015 at 7:58 pm

The only reason to buy from the mint is you might make a buck?. you feel lucky do it.

Andrew Gartner April 14, 2015 at 6:25 pm

Checkout my damaged 2014 Limited Edition Proof Set Graded by NGC. NGC wouldn’t let me inspect the coins first. Everyone wins but the consumer.

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2658006-001
http://www.ngccoin.com/certlookup/index.aspx?CertNumber=2658006-008

bobby April 15, 2015 at 9:19 am

the US mint is the only government organization that shows a profit. until we use our heads and buy what we no we can sell for a profit from the mint they will continue to sell junk.

you must be a collector that believes the first strike is worth more than just a plain slab. when first sold from the mint you can make a quick buck if you are lucky and receive quality coins..

the mint makes the coins before they sell them the first coins are on the bottom of the pile the last coins made are sold first?

you want graded by graded. you want OGP never open the box and store as is if the mint sells out you might be able to sell that early unopened dated box for more than you can buy the same graded. in ten years? the only thing you will care your slab says is 70.

just my opinion we all have one.

Liz November 4, 2015 at 7:24 am

I’m a new collector, and looking for explanation why we pay graders extra for the ” first strike” label upgrades on coins that sold out first day offered by the mint?

If a particular set sold out then isn’t true all of the coins are first strike/ early release? To me the the label is a rip off. I would love a conversation around this labeling.

jim November 4, 2015 at 11:42 am

Liz –
“First Strike” is a misnomer since there’s no way anyone can tell if a coin was struck first or last. It really should be “First Release” instead. The mint makes coins well in advance of their release date and stores them away. Actually they are distributed in last-in-first-out sequence. Plus the dies are replaced frequently with new dies which if there was a way to tell, would be “First Strike” coins as well. The “First Strike” label is a construct created by the graders to generate sales and nothing more (it’s just a piece of paper after all). It adds nothing to the quality or value of the coin but there are those who blindly follow the graders and pay more for these labels in the secondary market.
The graders have certain restrictions for a coin to qualify for the label but certainly quality is not one of them. So you are right, if you are paying more for a 70 coin with a “First Strike” label than for a 70 coin without that label you are being ripped off. The sad thing is that there are people who believe in the label and will pay more for it which raises the general price of a coin with that label anyway, regardless of the coin’s true value.

bobby November 4, 2015 at 6:48 pm

You want graded buy graded. and be carful buying online not all 70s are the same.

Liz November 5, 2015 at 6:32 am

Thanks Jim, I learned from your reply. Very interesting I thought first strike and early release were the same, so technically only the mint should be able to label a coin first strike!

Liz

Jim raitmaier January 21, 2016 at 6:52 pm

Let’s clarify with 2 finger typing. The finish on the backs of the coins(obverse quarters reverse rest)on the 2013 and 2014 sets is different – they ARE NOT “leftover and reject coins from other runs. I’ve been trying to tell people this for over a year – I would like to think that this would make these coins extremely desirable as I have alot of sets for stated reasons. $$$

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