2011 Proof Set Sales Debut at 253,144

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2011 Proof SetThe latest United States Mint coin sales figures indicate a slower start for the 2011 Proof Set which includes numismatic proof versions of the fourteen coins that will be in circulation this year.

Debuting six day sales were 253,144 between their release on Tuesday, January 11, to Sunday, January 16.

That is the weakest start in the past several years despite its long first reporting sales period. As an example, the 2010 Proof Set started near 300,000 during its first four days.

US Mint Proof Set Sales Debut Figures

  Issue
Price
Coins Issue
Date
1st Sales
Date
1st Reported
Sales
Ending
Mintages
2011 Proof Set $31.95 14 January 11, 2011 January 16, 2011 253,144 Still on Sale
2010 Proof Set $31.95 14 July 22,
2010
July 25,
2010
296,379 Still on Sale
2009 Proof Set $29.95 18 June 1,
2009
June 7,
2009
437,178 1,477,967*
2008 Proof Set $26.95 14 June 24,
2008
July 6,
2008
424,402 1,405,674
2007 Proof Set $26.95 14 July 19,
2007
July 22,
2007
386,476 1,702,116

 

*2009 figures are unaudited.

There could be a number of factors as to why sales have started slower, ranging from its earlier than normal release — its been at least a decade since the proof set launched so earlier in the year, marketing material not yet sent out to customers letting them know it is available, and collectors realizing they have many more months before they make a purchase.

The older 2010 Proof Set is still available, and expectations are that it will remain so until later this year. Their weekly sales climbed 5,378 to 1,051,196. It was the second best performing numismatic product last week.

Both 2010 and the 2011 Proof Set may be purchased directly through the US Mint’s online store at:

Annual Coin Sets Product Page

Orders may also be placed using the Mint’s toll-free number, 1-800-USA-MINT (872-6468). Hearing and speech-impaired customers may order by calling 1-888-321-MINT (6468).

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JA

The most important cause for the sales decrease is not mentioned: the announcement of the sweeping price increases at the mint has forced many collectors to stop collecting.