Placed on sale today, August 7, is the joint BEP and U.S. Mint product containing a 2012-S Proof Silver Eagle and $5 bill.
Officially named the Making American History Coin and Currency Set, it was produced to celebrate anniversary years for the two bureaus — the 150th for the Bureau of Engraving and Printing and the 220th for the United States Mint.
Limits, Price and Premium
While the U.S. Mint has indicated an initial production of 50,000 sets, the established production limit is 100,000 units. Demand by coin and money collectors will essentially decide if more than 50,000 get produced.
The Coin and Currency Set is priced at $72.95. That represents a premium of $39.81 when factoring in the legal value of the $5 bill and the Silver Eagle’s melt value of $28.14 at the current price for one ounce of silver.
2012-S Proof Silver Eagle from San Francisco
The 99.9% fine 2012-S Proof Silver Eagle, although unique for the year with its San Francisco ‘S’ mint mark, does not physically feature any anniversary elements. It was also placed within another set sold earlier this year, the 2012-S Silver Eagle Two-Coin Proof Set, which has tarnished at least some of its anniversary-intended appeal.
Until news about the Making American History Coin and Currency Set broke, collectors were expecting the proof Silver Eagle to be exclusive to the earlier set. They are now faced with the prospect that the Eagle’s mintage could rise above 351,000 — the 251,302 sold earlier this year coupled with potential sales of 100,000 for the Coin and Currency Set.
For a reference point, the U.S. Mint also offers an individual annual 2012-W Proof Silver Eagle from West Point for $54.95. Its sales hit 526,806 as of July 30, which means that the 2012-S Proof Silver Eagle from San Francisco will be scarcer even if the maximum number of Coin and Currency Sets are sold.
Series 2009 Lincoln $5 Bill
The series 2009 $5 bill marks the BEP’s anniversary by having each serial number start with "150".
"The first $5 note to feature the portrait of Lincoln was the Series 1914 $5 Federal Reserve Note. The portrait of Lincoln appearing on the Series 2009 $5 note was engraved in 1998 by William Fleishell III and Thomas Hipschen," the United States Mint website describes.
"The vignette of the east façade of the Lincoln Memorial featured on the back of the Series 2009 $5 note was also engraved by Thomas Hipschen in 1998."
Each $5 bill bears the signature of Treasurer of the United States Rosie Rios and has a San Francisco Federal Reserve Bank designation.
Order Details
Interested collectors will find the latest set on the U.S. Mint website located here. Orders are also accepted at 1-800-USA-MINT (872-6468). There is no indication yet as to how long it will be on sale.
Will be interesting to see how many get ordered. The proof 2012 S ASE will
still have a very low mintage even with the extra 50,000 to 100,000. For people that missed out on the 2 coin ASE San Francisco set or the 2011 Anniversary set, this might be a good way to make up for it. There doesn’t appear to be a frenzy for it. Mintage will be less than 1994 which can sell for over $100.
NO ONE SHOULD BUY THIS SET. Once again the US mint is MISLEADING their customers. The S mint proof Eagle was part of the San Fran Two coin Set that was advertized by the mint as only available during a limited ordering window. Now after that sale is completed, there is now ANOTHER way to order this coin. Those of you who paid the sky high price for the San Fran Set have been PUNKED. How does that feel?
Gonna be hard to TRUST the mint any more after this fiasco.
@Chris – Did you buy any of the San Fran Two Coin sets? What do you like to collect?
There’s always the Perth Mints.
No I did not. Price was too high and I figured this might happen. Its not the first time they have pulled this maneuver. I’ll buy it on the secondary market graded and actually get my money’s worth. I do like the Eagles but only because of the similarity to the Walking Liberty Half (my favorite by far).
Actually though the mint may have done me a favor (not that it excuses their behavior) This will likely drop the value of the original set and I can probably get it cheaper now.
@Chris – Good to hear your perspective. I am relatively new to collecting (5 years) and like to hear perspectives from others. I bought 2 of the Two Coin sets; one to keep because I’ve long wanted a reverse proof and sold my 5 coin set from last year, and a second in case value went up. But I now realize what you already knew and see that they wont.
I believe you are referring to the Mint State mintage for the 1994 ASE. These were only available through dealers and thus only available thru the secondary market. Are you including the proof and burnished ASE’s in your mintage analysis (526,906 and 297,629 so far for 2011 respectively)?
It will indeed drive the price down with this 2nd mintage offer of the 2012 “S” proof, but chew on this: With the US Deficit now approaching 13 Trillion Dollars what would you rather have in your back pocket? The one oz $1 silver coin or the $5 paper bill?
As a set they likely won’t go up much if at all because of the unusually high intial cost and mint shinanigans. However, If you are able to get them graded by a reputable service (PCGS, NGC) and they grade out well you might actually see a reasonable increase in value several years down the road.
I was referring to the 94 Proof ASE with a mintage around 370,000. The mintage of the 2012 S Proof ASE is still lower than that. On the mint site, the date of shipment of this new set has been pushed out to Aug 22nd, so they may be selling pretty good. I brought quite a few of the two coin sets and it actually feels pretty good because the reverse proof only has a mintage of 251K which isn’t going to change. I don’t see how the secondary market for the 2 coin set is going to drop too… Read more »
I was just going with Proof mintages. Burnished ones are a different category to me. Not as many collectors for them as Proof Collectors. Likewise with Reverse Proofs. As they mint more of those two types, they could become more popular.
There are certain collectors who collect all 3, but proofs are most popular and that is why I differentiate between the types.
Funny that the 100k limit is due to the serialization in the $5 bill…
Would the 2012 S Proof ASE be the 2nd lowest mintage with 351,302 that’s if they sell out. And the 1994 P Proof ASE has a mintage of 372,168 be 3rd Homer? Thanks Joe.
I bought my share of the coin & currency sets you can’t go wrong. A raw 1994 proof goes for $125 and a 1994 proof 70 goes for $2,500. And there is more of them. And a $5 bill is still a $5 bill.
I won’t be buying much else from the Mint, especially after the 2011 Set fiasco.
I bought a 75th Anniversary Set , simply because I wanted an example of a Reverse Proof. It ONLY cost me $155 shipped, what a bargain, compared to the aftermarket price of THREE HUNDRED FIFTY $ !
Since responses are so retentive, let’s be specific:
Homer – 2012 Proof ASE mintage is now at 526,906.
Bullion 1994 ASE mintages are 4,227,319, 1995; 4,672,051
& 1996; 3,603,386. Compare to 2011 bullion (MS) estimated at 40,020,000.
Jim – I believe you meant 25th ann. set. Won’t be here for the 75th. lol
How about – thanks for the info.
Q’s may not be answered if responses are negative.
Veronica
Reference CoinNews article on 2012 ASE Proof Mintage Dated Aug 1:
http://www.coinnews.net/2012/08/01/us-coin-sales-2012-proof-silver-eagles-surge-atop-500000/
They have sold 100 since.
1995 W ASE is No 1 for proofs 30,125. 2011 25th Anniversary Proof is 2nd 100,000, 2012 S ASE proof is 3rd at 251,000 – 351,000 and 1994 ASE proof is 4th at 372,000. So, the proof 1994 ASE should give an indication of 2012 S ASE value. Since 2000, the mintage of regular proof ASE has been over 600,000. This is an opportunity to buy the 3rd lowest mintage proof ASE. I don’t really look at bullion with mintages over 3.5 million to as high as 34.7 million last year. The regular 2012 Proof ASE will probably end up… Read more »
Homer, Your numbers don’t match up with what I am seeing in the mintage listings. The proof coin included in the 25th Anniv. set is a “W” mintmark, no? This coin was also sold individually and had a total mintage of somewhere near 900,000. It looks to me like only the RP and the Unc. “S” were unique to the 25th set. That would make the 2012 “S” proof the second rarest. 2011 American Eagle 25th Anniversary Silver Coin Set (A25) – Product Limit: 100,000 Each Set includes: American Eagle Silver Uncirculated Coin – mint mark: “W” (West Point) American… Read more »
The 25th Anniversary Proof 2011 W Silver Eagle & the Proof 2011 W are the same Homer. So how could it be the 2nd lowest. It’s not even in the top five. Thanks Joe.
Didn’t see your post Micro. Day late dollar shot.
That is right. It was an uncirculated S mint and reverse proof that are unique to the 2011 set. So, yes 2012 S is the 2nd lowest proof Eagle. Sweet! Isn’t it kind of nice knowing that you can buy the 2nd lowest minted Proof Eagle before they are all gone? Although I got the coins mixed up a bit, my main point is that the coin and currency set is a good buy. There is also a chance for a fancy sn on your $5 bill.
You make the call:
Is Homer a shill for the Mint ?, lol
GOOD SALESMAN, find a bargain snap it up
The 2012-S 2 coin set is being marketed as 75th Anniversary set , ALSO
jim not to be a smart ass but it’s not an 75th Anniversary set. Go back to April 27 2012 posting.
Since I bought a number of the 2 coin sets, it is to my advantage the more people that cancel their sets. I am just sitting back smiling every time I read about someone doing that. 🙂 But, I am trying to help people gain perspective.
Let’s not get too kissy face with the mint. Would you be as euphoric about this if the 2nd mintage of the 2012 S ASE was minted to demand? It will still reduce the potential value of this coin for the people that bought the 2 coin set (up to 100k more can be sold). The sticking point for many was the way it was announced to the public. The lower mintage is fortunate but what if there is a 3rd offering later this year? What if there are an additional six special ASE proof mintages over the next year… Read more »
Just bougth a few on top of what I already have for good measure. Have some books to buy for my 2 boys college. Hope they sell out soon.
Is that what they call filping?
see the problem with only giving a month or so listing in advance vs. a listing for the entire year (preferably in January).
One of the issues I have with Mr. no communication/backward thinking/head in the sand Deputy Director Peterson.
If they would have had an unlimited mintage instead of 100,000, the mintage might actually be lower. A lot more people would have cancelled their 2 coin set orders and the flippers wouldn’t buy very many of the sets thinking that anyone who wanted them could buy them. Flippers increase the mintages of sets decreasing the value all the time. Kind of ironic that they are upset about the mint reducing the value of the sets they bought. I’m not going to get upset with the mint. This is a hobby for me. I could just cancel my order or… Read more »
??? Isn’t Flipper is a dolphin? lol. As a coin dealer I can tell you that the best prices come after a coin is “Sold Out or Off of Sale”. Lower the mintage the better. Who wants to pay more to a dealer when you can get it from the mint for less when it is still for sale? The best play is to purchase, send to the grader and hold till sold out. There are always exceptions to the rule, such as the 1st set of presidential dollars. Initial 70 grades were low and the price spiked. Those who… Read more »
RonnieBGood: Thanks for that bit of information. But i’m going to flip I mean sell my San Fran & coin & currency sets raw. As long as it is sold out I will make a profit. I know if I have them graded by NGC and receive grade 70 I would make a lot more money. But, not with grade 69. I will get about the same as raw. Just going to go downtown & make a quick sale. Have some books to buy. I will keep 1 of each set & have them graded. I’ll select the best &… Read more »
2012s american eagle reverse silver dollar mintage is the highest among reverse proof family. that is why inter-dealer bid is only $100.00 right now. it’s down.
2012s american eagle proof silver dollar mintage is the 3rd lowest among the proof family. the previous 3rd spot 1994p value at $100.00 is overtaken. thus 2012s ASE proof silver dollar inter-dealer bid is now $95.00.
by the way, the 2012s 2 coin set inter-dealer bid is $190.00 a set.
the 2012 current currency and coin set should do well.
correction:
the 2012s ASE proof is the 2nd lowest among the proof family. also 1994p is the second lowest mintage before. not 3rd. thanks.
annie –
Where do you get your numbers from? Just curious.
american eagle silver dollars: four categories. proof: (1) 1995w – 30,102 – the lowest of all ASE silver dollars. price around $3,350.00 each. (2) 2012s – 251,302 – also came out with 2012 currency & coin set. it could hit the maximum at 351,302 when this set sell out. (3) 1994p – 372,168 – semi key date. previous second spot among proof. but was overtaken from 2012s silver eagle proof. reverse proof: (1) 2011p – 100,000 – i would assume a little below 100,000 when final figure in. (2) 2006p – 248,875 – currently enjoying a big premium. (3) 2012s… Read more »
annie –
Thanks for the breakdown but really I was just asking where you get your numbers from. For example, I have usually seen 30,125 for the 1995W proof and you’re showing 30,102 so I’m just curious what publication (link) you’re using as your source for coin mintages (all I can find at the US Mint are bullion mintages).
most of the collectors get those numbers from the mint website. including you. but the problem is you presumed mint numbers are perfect and never go back to check if the mint change the figures or updated it. try to check again the mint website. they changed this 1995w number long time ago.
i think you must be new to this hobby. most collectors knew where i get those inter-dealers bid and ask numbers. beside that. you have to subscribe or buy a copy. it’s not free. and i don’t want to mention the name of the publisher.
jim Go to first page and find U.S. Silver Coin Price Guide. Go to bottom of page and click on Silver Coin Melt Values. Every thing is right there. You can do the same for gold to. Check it out. You’ll find what your looking for.
Annie,
It sounds like you are an experienced collector. Did you recommend to get the 2012S currency set? I appreciate your advice, please.
Any 1 know how many coin & currency sets sold so far?
annie – I don’t get my collector coin mintages from the US Mint site because they don’t publish them, at least not where I could find them. Maybe they’re hidden in some secret web page you know about. That’s why I was asking for a link. Joe – This is my problem. I went where you pointed to and immediately found a discrepancy. It says the 1995 proof SAE is mint mark S which is wrong; it’s P. Same error for 1994 proof SAE (that’s all I looked at). So I have no trust in this data. It also says… Read more »
Jim,
Since you are so desperate to find out the mintages annie is giving you, here is the link….http://www.moderncoinmart.com/cart1/pages.php?pageid=21&gclid=CMPCgunq5bECFcXb4Aod2QQA_w
Now Jim, what do you know…you learn something new everyday….
Thanks annie for your help.
Modern Coin Mart that’s where I buy my bullion Silver Eagles if the price is right. Never noticed that mintage web site. Thanks for pointing that out. Does anyone know how many coin & currency sets sold so far?
Ed A – Thanks for the link. This is what I’ve been looking for for a long time. I notice there is no note on that web page saying where they got their numbers from. If these are US Mint figures then I don’t see why they don’t just say so nor why such information is so proprietary that they have to copyright it. Be that as it may, it does back up annie’s 1995w proof SAE number. I’m still curious about where the US Mint publishes their numbers so that MCM and CoinNews are able to publish them on… Read more »
jim I saw what you were talking about. It says the 1995 P Silver Eagle is a none proof – S. That’s screwed up.
Hi guys! Is this reverse proof the first s mint coin?
Joe – It’s easy to copy and paste all the boilerplate and just change the numbers but when they do that and a part of the boilerplate is supposed to change it’s obvious that’s what they’re doing. So then I question what else are they not thinking about either? At one site I saw some proof numbers smaller than unc numbers (which never happens) meaning they entered them in the wrong order and at another place identical proof numbers from one year to the next. This mindless copy/paste and no verification against facts is what makes me skeptical about all… Read more »
Art –
The reverse proof in the two coin set from the San Francisco Mint in the first of it’s kind with an S mint mark. The coin in this coin and currency set is a proof coin and is not the first of it’s kind with an S mint mark.
Hi guys I recently purchase 2 sets of the 2 coin 2012 San Fran. sets from the mint. Should I send them out to be graded and if so how much does that cost. Thanks