U.S. Mint 2022 Silver Proof Set Released

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The United States Mint just released one of their flagship products, a proof set holding the current year’s coins with most of them struck in 99.9% fine silver.

U.S. Mint product image of their 2022 Silver Proof Set
U.S. Mint product image of their 2022 Silver Proof Set

Available for $105, the same price as last year’s edition but containing three more coins, the 2022 Silver Proof Set is designed with coin collectors in mind. Proof coins feature frosted foregrounds and mirror-like backgrounds. They are the Mint’s highest quality finish.

This CoinNews photo shows a U.S. Mint 2021 Silver Proof Set
This CoinNews photo shows a U.S. Mint 2021 Silver Proof Set. Last year’s set had 3 fewer coins than this year’s set.

The set’s 10 proof coins are produced at the U.S. Mint’s facility in San Francisco. Of the 10, 7 are composed of 99.9% fine silver for a combined total of 1.473 troy ounces of silver.

2022 Silver Proof Set Contents

2022 marks the beginning of the Mint’s four-year American Women Quarters™ Program which features five unique designs annually and that is the reason for this year’s three more coins. 2021 saw just two quarters with one representing the final issue from the Mint’s long-running America the Beautiful Quarters™ Program and another showcasing the one-year-only Washington Crossing the Delaware design.

The coins in this year’s proof set include:

  • 2022-S Native American $1 Coin (Ely S. Parker)
  • 2022-S Silver Kennedy Half-Dollar
  • 2022-S Silver Maya Angelou Quarter
  • 2022-S Silver Dr. Sally Ride Quarter
  • 2022-S Silver Wilma Mankiller Quarter
  • 2022-S Silver Nina Otero-Warren Quarter
  • 2022-S Silver Anna May Wong Quarter
  • 2022-S Silver Roosevelt Dime
  • 2022-S Jefferson Nickel
  • 2022-S Lincoln Cent

In this set, the 5 quarters and the Native American $1 Coin carry designs only for 2022.

The quarters are in minted in silver and featured together in one protective lens. These coins were also released together in the 2022 Quarters Silver Proof Set, which made its short-lived debut in April and lasted for only hours before becoming unavailable.

CoinNews photo lens 2022 American Women Silver Quarters Proof Set
This CoinNews photo shows a lens holding the coins in the 2022 American Women Silver Quarters Proof Set. This set sold out. These same quarters are also in the 2022 Silver Proof Set.

The dime and half dollar are also in silver. The remaining coins — the cent, nickel and dollar — have traditional clad compositions. These 5 coins are featured together in the second protective lens.

Both lenses ship together in a protective cardboard sleeve.

Silver Proof Set Popularity

Annually issued silver proof sets are popular with collectors with hundreds of thousands sold each year. Unaudited sales of the four previous silver proof sets total:

  • 2021 – 286,465*
  • 2020 – 313,183
  • 2019 – 412,508
  • 2018 – 332,274

*The set from 2021 is still available. It showed an increase of 290 units in the Mint’s latest weekly sales report.

Ordering

2022 Silver Proof Sets may be ordered from the U.S. Mint’s online page dedicated to proof sets, located here.

No mintage, household or product limits are in place.

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REB

Got it. Easy in, easy out. Probably a one-minute transaction.

Major D

Before the sale day there were 241,689 sets, and as of 12:53 pm EST there are 92,808 available. I expect this set to be around a while– and I also expect a big return/ negative number in week 2 as has happened with a lot of other products that had a large number of enrollments. Regarding the 2021 silver proof set, there are 30,574 still available. IMO, the Mint should have had a product limit of 250,000 for both.

Kaiser Wilhelm

The only stipulation I would ask for in this regard, Major D, is that the lower they set the product limit the tighter they make the Household Order Limit.

Victor

So what does the mint do with the returns? Ship it to the next costumer? Or inspect and melt the bad ones?

Major D

The Mint will tell you they do not sell the returns, but I really have to wonder. After weeks of being unavailable, some NLB proof coin & medal sets showed up as available and I was able to order a couple- but the ones I received looked handled and were of poor quality with marks on the capsules and on the coins themselves. I have to believe these were returns.

Kaiser Wilhelm

I have to believe the Mint sells returns of any particular item until it is dropped from its Catalog. After all, these coins and coin sets are likely still in better condition than the “retreads” being foisted on so many unwitting and/or gullible customers by the likes of Amazon and Ebay.

Major D

Sorry to have to disagree with you Kaiser, but I’ve actually had some better coins from eBay won at bid for less than the Mint’s original list price. And in the cases where eBay coins of some recent issues were sub-par, based on my recent experience I believe they were received that way by the seller from the Mint. The Mint’s return window of 7 days is far less than the 15 or 30 days I get from eBay– and if the coin isn’t as advertised, I can get free return postage through eBay and the credit back is pretty… Read more »

Kaiser Wilhelm

Never feel bad about disagreeing, Major D, as I subscribe to the idea that learning, at least for me, is far more valuable than teaching.

Last edited 6 days ago by Kaiser Wilhelm
Tom

I see the uncirculated coin set has a limit of 250,000 this year. Data available indicates 96,994. Does that imply over 150,000 sets are taken under the enrollment program and not available?

Major D

Tom, I make a habit of checking data-available when the price is added to the item in the schedule. The uncirculated coin set had 126,744 available at that time- so this implies 29,750 taken up in enrollments. The 2021 uncirculated set did not have a product limit. The mintage number for that set looked to be around 164,000 in early December (sum of sold and available sets) then the Mint added another 92,000 sets to the available number before the end of the year. I expect the Mint to add more 2022 sets before the end of the year like… Read more »

Major D

Having said this, the enrollments are still open, so it is a moving target. Plus, customers have the ability to cancel or reduce their enrollments prior to the release day. Lastly, there seems to be a pattern of a number of returns after the first week of issue.

Kaiser Wilhelm

Major D,

As to your last point, I would imagine that in these times of increasing financial constraints brought on by severe inflationary pressures the occurrence of incidents of Buyer’s Remorse may be on the upswing.

Last edited 5 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Ditto, Reb. It’s a relief no longer having to come to terms with getting shut out by the actions of the big dealers and buying clubs and their legions of bots and proxy purchasers.

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Last edited 7 days ago by Kaiser Wilhelm
Rich

They are doing browser checks. Minus the $1.06 for the $1 coin and the nickle and penny, you are getting the 1.473 troy ounces of silver proof coins for $70.56 per ounce (compared to $73.00 per ounce for the 1 troy ounce ASE proof).

Kaiser Wilhelm

The browser checks and the temporary shutdown of the order record function seem to indicate there is still significant interest in this perennial headline item.

Last edited 7 days ago by Kaiser Wilhelm
Major D

The 2022 silver proof set is a much better deal than the 2021 one with the same price, which works out to be $118.65 per oz because only two quarters instead of five ($103.94/0.876 oz). To add a couple more: $67/oz for the ASE burnished; and $73/oz for the AWQ silver proof set. Since the Mint price is so much over spot, I don’t think these minor differences in troy oz amount to a hill of beans- I mean, it’s never impacted my decision to buy.

Kaiser Wilhelm

The ever higher prices for Mint products haven’t yet deterred me from picking up all the usual “essentials” (Mint Sets, Silver Eagles, Rolls), but this more extravagant pricing has caused me to condense my orders to one of each item rather than the multiples I had previously been accustomed to buying.

Last edited 7 days ago by Kaiser Wilhelm
Antonio

I only wanted the silver quarters, didn’t care about the dime and half dollar. Why I ordered the regular proof vs the silver proof. Next up for me is the mint sent so I have the P and D coins. Too bad they discontinued the W in ’21. It would have been nice to have the Ws for each coin in the succeeding years. So only the 2019 cents and 2020 proof nickels. Disappointment, like the 2022 proof S Morgan and Peace dollars.

Major D

Antonio, I agree about the W’s. There are the W’s in the ATB quarters for 2019 and 2020, but it would be great to see them in the AWQ series as well as the Kennedy Half.

Tom

And all those people back at the end of March who complained because the silver quarters alone was unavailable rather quickly are now easily obtainable. I guess it was $32 for the non-quarters.

Major D

Tom, yes that puts it into perspective. I thought the same thing with the proof set, which amounted to being $11 for the non-quarters. In the case of the silver set, the non-quarters get you 0.478 troy oz of additional silver (at current spot= $10.06) plus $1.06 in non-silver face value. Using Rich’s analysis method, the non-quarters would be $67.73/ troy oz silver ($30.94/0.478).

Kaiser Wilhelm

I am beginning to wonder if there is really any point in getting either of the separately sold AWQ Proof Sets when both of those items are naturally included in both of the Mint’s (full complement) Annual Proof Sets anyway.

Last edited 7 days ago by Kaiser Wilhelm
Major D

I guess the only benefit is that you have the OGP and COE for the lower mintage product that could be sold separately if you’re selling the quarters off and/or have the coins graded and slabbed. Otherwise, I think the full set is a better deal as I’ve seen the NA dollar and Kennedy half-dollar proofs sell for a hefty amount individually.

Kaiser Wilhelm

Ditto on all counts, Major D. By the way, it’s not hard to see you’ve joined Good Sir Rich in the more elite ranks of reporting and analysis.

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Last edited 4 days ago by Kaiser Wilhelm
REB

One reoccurring problemo – I’m well over the loyalty free shipping threshold; yet the confirmation again lists the $4.95 charge. The Mint has not gotten this “reward” right this year. Every order requires a followup call to get a credit.

Roger

I got free shipping on my enrollment but none of my enrollment orders have shown up in my order history this year so appear not to be counting toward my loyalty free shipping threshold. If I place an order from the item web page, I still get billed $4.95 shipping even though I should be getting free shipping now. I don’t think they are counting my enrollments against the threshold.

Kaiser Wilhelm

This once happened to me for an entire year since it apparently was beyond the Mint’s programming expertise to fix it. Happily with the coming of the New Year the situation managed to resolve itself and hasn’t occurred again since.

Last edited 7 days ago by Kaiser Wilhelm
Chris Terp

I’d wait and see if you get charged shipping for the preordered Purple Heart coins Kaiser before feeling confident. I wonder if I’ll be charged shipping for them even though Mint routinely sends me emails about being in this year’s Loyalty Program Free Shipping category.

Kaiser Wilhelm

Chris,

I didn’t order any of the Purple Heart or Negro League Coins so whatever happens with Pre-Orders in regard to Free Shipping will be beyond my ken.

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Roger

Hopefully mine will reset next year. I reported the problem to the Mint tech support to no avail months ago. Frustrating not to be able to check the status of enrollments in my order history.

Major D

REB, I’ve had the same problem this year due to the pre-orders happening before I met the threshold. In the months before my NLB pre-orders shipped I qualified for the loyalty program, yet every NLB order kept the shipping charge unchanged– the Mint never adjusted them until I called. I anticipate the same thing happening with NPH once they’re shipped. Perhaps the same problem with enrollments as well?

Kaiser Wilhelm

Major D,

That hasn’t happened with any of my Enrollment Orders this year, but then this is merely a report from a “party of one”.

Kaiser Wilhelm

And we all know what that’s worth…

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Chris Terp

Kaiser,

Enrollments ship free. With pre-orders you also “pre-pay” for shipping so many times after you’ve entered the Loyalty Program you still pay for shipping with pre-order items.

Proof is in the pudding this year for me if Mint charges shipping with my Purple Heart coins. We’ll see soon when Mint charges me for the coins if shipping is included even though I get free shipping this year.

Rich

Chris, are you sure about “after you’ve entered the Loyalty Program you still pay for shipping with pre-order items” or, instead would one be eligible for a $4.95 refund credit?

Last edited 4 days ago by Rich
Chris Terp

I have always been charged for shipping on the pre-orders Rich even though entered into Loyalty Program already for the year.

Credit is only if you call up Mint to get the refund. Most folks don’t even bother as don’t wish to wait in phone que.

Rich

You are exactly right Chris, its a goat rope.

Kaiser Wilhelm

Chris,
Perhaps I was very lucky but for the one year during which my free Loyalty Program Shipping was inexplicably and inexorably held in abeyance I was able to ask for and obtain my shipping charge refunds without a problem. The Mint’s Customer Service phone system was extremely efficient and that department’s Personnel were quite helpful and friendly. Another example of the luck of the draw, I suppose.

Last edited 3 days ago by Kaiser Wilhelm
Major D

My experience has been the Mint will refund the wrongly charged shipping, but only after contacting them about it- and then it takes a month or more to get. It’s mainly been a problem with pre-orders- and I don’t think their system knows how to automatically account for it.

Last edited 3 days ago by Major D
Kaiser Wilhelm

Point taken, Chris. I myself have never purchased a pre-order item from the Mint so I have no personal experience with the shipping charge procedures and/or practices for that category of Mint product.

Last edited 3 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Every time you allow yourself to think things appear to be going smoothly with the latest coin shipment the proverbial old monkey wrench shows up to put a major dent in the works. My Silver Proof Set was shipped promptly after Release Day but apparently hasn’t been seen by the USPS since. It went from being announced as a delivery in progress yesterday to there being no record of it ever having left Memphis at least five days ago. It appears the Mint and the Postal Service insist on taking turns dropping the baton.

Last edited 3 days ago by Kaiser Wilhelm
Kaiser Wilhelm

Nevertheless, I’m not just going to sit idly by when I could be out looking for it…

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