Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, July 14, 2009

US Mint 2009 Silver Proof Set

The United States Mint will release the 2009 Silver Proof Set on July 17, 2009 at 12:00 Noon ET. This year's set will feature 18 different coins, including 8 coins struck with a composition of 90% silver.

The sets are priced at $52.95 each. This represents an increase of $8 from the price of last year's set. The increase can be attributed to the increased size of the set from 14 to 18 coins. There are no ordering limits anticipated and the US Mint's product page can be found here.

Each set will contain the following coins:

2009-S Lincoln Cents - All four designs will be issued including Birthplace, Formative Years, Professional Life, and Presidency. As with the regular (clad) proof set, each Lincoln Cent will be struck with a composition of 95% copper, 3% zinc, and 2% tin. (Also referred to as bronze.)

2009-S Proof Jefferson Nickel

2009-S Proof Roosevelt Dime - stuck with composition of 90% silver.

2009-S Proof DC & US Territories Quarters - All six designs will be included featuring the District of Columbia, Puerto Rico, Guam, American Samoa, US Virgin Islands, and Northern Mariana Islands. Each coin will be struck with a composition of 90% silver.

2009-S Proof Kennedy Half Dollar - struck with composition of 90% silver.

2009-S Proof Presidential Dollars - All four designs will be included featuring William Henry Harrison, John Tyler, James K. Polk, and Zachary Taylor.

2009-S Proof Native American Dollar

The Silver Proof Set has actually become a bit of a redundancy in recent years since the US Mint issues such a wide range of component proof sets. The 2009 Silver Proof Set will only include two coins which have not yet been released in other annual sets. These two coins are the 2009-S Silver Proof Kennedy Half Dollar and 2009-S Silver Proof Roosevelt Dime. All of the other coins in the set have already been released in one or more of the following sets: 2009 Presidential Dollar Proof Set, 2009 DC & US Territories Silver Proof Set, and the regular 2009 Proof Set.

For this reason, the release of the 2009 Silver Proof Set might be met with less enthusiasm than the regular 2009 Proof Set or the still unreleased 2009 Mint Set. The 2009 Mint Set has been delayed until the US Mint can resolve "unique tarnishing issues" with the Lincoln Cents.

It's worth noting that in the recent past, the release date for current year annual sets has usually marked the end of sales for the prior year set. As such, it seems likely that sales of the 2008 Silver Proof Set will end when this year's set goes on sale. This set is currently for sale on the US Mint's website for $44.95.



At July 14, 2009 at 7:13 AM , Blogger Lasloo said...

2009 Dimes and nickels are already scarce. I think the silver proof 2009 S Dime alone is enough for a lot of collectors to get this set!

At July 14, 2009 at 9:15 AM , Anonymous Anonymous said...

Scarcity doesn't seem to matter with proof set coins. The mintages of the "S" coins is insanely lower than "P" or "D", but no one seems to care. Most of the recent years proof sets are dogs when it comes to secondary market value. The exception, 2008, is the one year from the past several that I did not buy extra sets of due to being burned so bad on 2005-2007 sets. As it turns out, 2008 was the year I SHOULD have bought, since I would have recouped the losses of prior years. I just can't win!

At July 14, 2009 at 9:47 AM , Blogger Lasloo said...

Its not just that its an "S" coin, but that it's a SILVER "S" coin. Though, in general, I think you're correct about "S" mintage coins. Its just that 2009 dimes, regardless of mint, are so scarce... I'm wondering if collectors will grab anything dime/nickel related just to have something?

As to proof sets, it seems when some new series of coins is introduced, the proof sets for the first several years of that series seems to be worth more in the secondary markets. When the state quarters came out, it made the 1999 and 2001 Proof Sets popular. However, I haven't seen this with the Presidential dollar coins. It seems to me that the 2007 and 2008 sets are going just above what the Mint sold them for.

None the less, I think the penny is a different matter. Its a favorite among collectible coins. So, with the low mintages of dimes and nickels and the four new pennies, the 2009 SPS will be a minor hit.

At July 14, 2009 at 12:53 PM , Anonymous JAJ said...

Just curios, is any one else have trouble veiwing there subscriptions on the mint web site?
I have been trying for close to 2 weeks to see just what subscriptions and how many I have and I keep getting a measage that my subscriptions are unable to be retrieved at this time.

At July 14, 2009 at 1:21 PM , Blogger Lasloo said...

Yep, same problem here.

About two months ago, I wasn't able to see the actual orders that were created from my subscription. It would give some error message. All I knew at the time was that orders were being created that I didn't create. So, I called the Mint up and they told me that they were the ones associated with my subscriptions. In any case, that's been resolved now and I can see my subscription orders just fine.

But yeah, I can't actually see the page that lists my current subscriptions either.

At July 14, 2009 at 2:03 PM , Anonymous Anonymous said...

Michael - what is the "2009 Mint set" versus all other sets mentioned in the article? Their is the proof set, silver proof set; what other sets are to be released...sorry new to coins and appreciate any answers

At July 14, 2009 at 9:31 PM , Blogger Michael said...

The "2009 Mint Set" (also referred to as the "2009 Uncirculated Coin Set") contains specially struck uncirculated coins from the Philadelphia and Denver Mints. This year's set will include a total of 36 coins.

Here's a look at the set at the US Mint's website:

At July 15, 2009 at 11:06 AM , Anonymous vaughnster said...

I too have been trying to see my subscriptions page to make some changes on the US Mint's website to no avail. When I called to check on this they said it was "routine maintenance" and should be up in a few days. That was over a week ago! Anyone else still waiting for backordered Tyler rolls as I am?? I ordered mine on 6/11 and still waiting. Why do we put up with this :-O

At July 15, 2009 at 11:24 AM , Anonymous Anonymous said...

The backordered Tyler rolls will NEVER be delivered at this point. The entire supply of the 30,000 roll production for each Mint is undoubtedly already shipped out by now. No one knows how many rolls were freed up by initial orders that didn't work out, but the second wave of sales is bound to have used all of them up already. As usual, the Mint must have taken WAY too many orders that second time around. They are most likely just slow in getting them cancelled.

Because of that, the Mint is keeping secondary market prices for the John Tyler rolls artificially low right now. As soon as the plethora of would-be buyers have their orders with the Mint cancelled, they will have to get their rolls on the secondary market. When that happens, kiss the low price for the Tyler rolls goodbye! If you have rolls backordered at the Mint, you had best get your rolls on the secondary market NOW, while prices are so reasonable. It WON'T last. There are the EXACT same number of Tyler rolls as there are Harrison rolls, and you saw what happened with those!

At July 16, 2009 at 4:28 AM , Anonymous Anonymous said...

I received my notification today that the back ordered Tyler P roll was sold out.

At July 16, 2009 at 7:24 AM , Blogger Lasloo said...

I have two orders for John Tyler rolls. The order I made (for three D rolls) on 6/11 just got canceled, but the order I made on 6/10 still says "In stock and reserved". As long as the status is the latter message, I think you're good to go. When it says "Backordered"... its kind of 50/50.

BTW, I counted... I have FOUR orders going back to 6/10, with the latest being 6/30... and NONE of them have shipped yet. I thought CoinWorld just had an article that stated that the Mint had finally gotten it's stuff together!!

Honestly, I find it more amusing than anything else.

At July 16, 2009 at 9:03 AM , Anonymous Anonymous said...

I just got word that my Tyler/Spouse Dollar/Medal set was shipped, but I am still waiting for Harrison. What's with that?

At July 16, 2009 at 10:56 AM , Anonymous Anonymous said...

For some reason, the Harrison Coin & Spouse Medal Sets went on backorder status almost immediately after going on sale, and the availability date was 8/1! Keep in mind that it was in APRIL when this happened. I'm still waiting for my order of them, too. My order was placed on day 10 after going on sale (April 17), so I'm pretty confident that they will be fulfilled. I just don't get why it should take so long.

At July 16, 2009 at 11:46 AM , Blogger Lasloo said...

I know the Uncirculated Mint Sets are usually not as popular as the normal Proof and Silver Proof Sets. But this year, I think that will not be the case because of the copper versions of all 4 penny designs for BOTH P & D mints.

So, last year, the Uncirculated Mint Set sold out at around 750,000 (but it took almost 8 months to do that). As of now, the normal 2009 Proof Set has sold over 800,000 sets in less than two months.

If the Uncirculated Sets are as popular as I think they will be, that means we will probably have a sell out within two months of its release.

At least, with the way some of the products are going this year... this seems like a reasonable hypothesis. Is there anywhere I can lay down a wager on this? :-)

At July 16, 2009 at 1:19 PM , Anonymous Anonymous said...

To Anonymous at July 15, 2009 11:24 AM:
Why do you think the Tyler Mint rolls will be as popular as Harrison rolls??? I know that they have the same mintage but this doesn't mean that the Tyler rolls will repeat the success of Harrison rolls.
2008 Silver Proof set that will be removed from US Mint ordering system tomorrow has the lowest mintage since 1999.Does this mean they will go up in price just like 1999 did???

At July 16, 2009 at 1:41 PM , Anonymous Anonymous said...

I bought 5 Tyler rolls from Ebay at a great price and I am betting that these will go up in price when people find out that the mint will not proceed with orders that are on back ordered. They might not hit Harrison prices but probably $75 - $95, not a bad bet in my view.

At July 16, 2009 at 1:53 PM , Blogger Lasloo said...

The question is... what percentage of the people who tried to buy the Tyler mint rolls during the second-time-around and got back-ordered were people who ACTUALLY wanted the rolls for themselves or were people who were planning to sell them on Ebay for a profit? If a larger percentage was the latter, you're not going to see secondary market demand increase.

At July 16, 2009 at 2:46 PM , Anonymous Anonymous said...

I noticed that the Lincoln Comm Silver dollar is doing well. I just auctioned on Ebay one for $79 and a second chance for $76 - this one may be a sleeper, once the one with the four pennies is released and there are no more to be had at the Mint I think the price will go higher. Thoughts?

At July 16, 2009 at 3:57 PM , Anonymous Anonymous said...

In my opinion if the Tyler mint rolls are not performing well right now,they have a very little chance of rebounding to much higher prices.
The collector's base for Harrison is probably much higher.The "summer" effect is also a reason.

Do you think the 2008 Silver proof set have a chance of beating the 1999 Set in terms of prices?

At July 16, 2009 at 4:41 PM , Anonymous Anonymous said...

We have to see why the Harrisons went up and not the Tylers. Same mintage but less hysteria,their are many people that need to complete their sets so I think this will take the prices higher, but not as high as the Harrisons.

At July 16, 2009 at 5:57 PM , Anonymous Anonymous said...

does anyone know if the mint will actually produce 2009 silver proof eagles,or will this be "the year without an eagle"

At July 16, 2009 at 7:22 PM , Anonymous Maverick said...

@Lasloo 7/16 11:46 AM:

Yes, at the US Mint website!

At July 16, 2009 at 8:27 PM , Blogger Lasloo said...

My guess is that proof and uncirculated silver eagle coins will show up later in the year. The Mint was rationing silver for bullion versions of the coin until recently. Now that they have enough silver to meet bullion demand, it seems very likely they'll make W-minted versions.

As to the Harrison vs. Tyler debate. People were caught off guard with Harrison sell out. I presume a majority of people actually opened their mint boxes and opened their mint rolls (like true collectors would do! ;-)) Thus, in reality, there are probably less unopened Harrison boxes and mint-wrapped rolls. Not the case for the Tylers.

As to the Lincoln commemorative coins. They sold out in a month. That is not a sleeper. That's a screaming-straight-at-you investment. So, yes, of course, they are and will sell well. And for goodness sakes... ITS LINCOLN!!! During the bicentennial of his birth!! Notice, the Braille one is going nowhere fast. Normally, commemorative coins are more often a miss than a hit investment-wise. Most people buy them because they are interested in the subject matter, not making money of it. That's been my experience. However, this was the right commemorative coin at the right time. Very well done coin as well. And they hit the mark putting the end of the Gettysburg address on the back. As of now, its my favorite commemorative coin. Now, with that said, when (or maybe IF) the Lincoln Legacy Collection (or whatever they end up calling it) is available, that may be even more popular. DEFINITELY get your hands on a number of those when the Mint puts that one out. It will sell out quick and go for ALOT more on the secondary market.

At July 17, 2009 at 11:54 AM , Anonymous Anonymous said...

Just as indicated in an earlier post the 2008 Silver Proof Set is now showing "SOLD OUT" status. I ordered a few extra sets last night that are already showing as shipped today. I tried again to get another few sets about 10 minutes before noon EST but even though the mint didn't show that the set had yet sold out and the order was accepted, the confirmation email showed the set as no longer available and the mint canceled my order within a few minutes. Not sure if this will go up in value or not now that it's sold out but I'm glad I picked up the few extra sets just in case.

At July 17, 2009 at 2:18 PM , Anonymous Anonymous said...

did anyone notice the release date for the uncirculated sets were pushed back from summer to fall now. wonder if there's a problem?

At July 17, 2009 at 8:06 PM , Blogger Lasloo said...

CoinWorld had an article about the delay with the Uncirculated Mint Set. Apparently, the 95% copper composition was causing early tarnish to appear on the coins. So, they had to reformulate the anti-tarnish chemicals they usually use... so that it would work on this metallic composition (as opposed to the nickel or zinc or silver composition they normally deal with).
So, why is it that they didn't have this problem with the copper S-coins in the other two mints sets?? Well, for some reason, while the Mint does most of the pre-strike-preparations (like adding anti-tarnish) for the S-mint sets, they source out this stuff to a third party for the Uncirculated Set. So, then why did this third party not ask or why were they not told how to do it correctly? Don't know... don't know... ugh.

At July 17, 2009 at 8:38 PM , Anonymous Anonymous said...

Got an email from the mint that my Tyler rolls that I ordered will not be fulfilled. Anyone else get a notice?

At July 18, 2009 at 11:41 AM , Anonymous Anonymous said...

Regarding the 2008 Silver set:
Its mintage is lower than 1999's.
Do you think it has any potential of beating the 1999 set?The mintage numbers are important but...
Tyler Mint set:
To Lasloo:
The Harrison mint set also reappeared on the Mint's website 7 days after its initial sellout.It had the same case scenario as Tyler's rolls.Why the prices differ that much???

At July 18, 2009 at 12:07 PM , Anonymous Anonymous said...

I think it is a matter of time until we see the price of these rolls going up, the total mintage is the same than the Harrison rolls.
Time will tell...

At July 19, 2009 at 2:54 PM , Anonymous Anonymous said...

I noticed the 2008 US Mint Silver Proof Set is "sold out' by the Mint. Anybody know what the mintage is?

At July 19, 2009 at 4:53 PM , Anonymous Anonymous said...

To July 19, 2009 2:54 PM

Mint stats:
2008 Silver Proof set(as of July 16th):774,874
I really doubt it will be much higher than this number.

At July 19, 2009 at 5:47 PM , Anonymous Anonymous said...

on the mints product availability page i don`t see the lincoln coin and chronicles set. did the mint cancel this set, or will it still be offerd to collectors.

At July 20, 2009 at 7:13 AM , Blogger Lasloo said...

To Anonymous July 18, 2009 11:41 AM:
Even though the Harrison's reappeared briefly, I still don't think that changes the fact that a larger majority of the Harrison mint-wrapped rolls were used/opened than the Tyler rolls. The rolls sold during that short period of time was very small. None the less, I go back to my original statement... the Harrison rolls selling out was a complete surprise, resulting in not as many unopened Mint boxes of the Harrison rolls. Not many people thought about saving them. They opened 'em like any good coin collector would want to do!! It wasn't a surprise with the Tyler rolls. And thus, more unopened Mint boxes with Tyler rolls were hoarded and saved. Supply vs. demand. And thus, even though the actual mintage is the same for both... in reality, there are less Harrison mint boxes and mint-wrapped rolls than Tylers.

At July 20, 2009 at 7:48 AM , Blogger Lasloo said...

Does anybody have accurate mintage figures for the 2007 silver proof set? The few sources I have found puts that mintage at 677,996... way under the 2008 silver proof set mintage. And its not going for a premium on secondary markets.
And thus, I think its safe to say the 2008 silver proof set will be the same.

Take note that Proof sets (silver or clad), in general, do not command higher secondary market premiums. With some exceptions, only pre-1960 proof sets seem to go for a premium. But from 1960 on, they became VERY popular and not that rare. In addition, its not a big deal that the coins are in high MS conditions... since, it's assumed they should be that nice since they are packaged so well. And for those with lower mintages, it seems the market only cares so much about that... again... because they feel any premium is for the packaging, not the coins.
One exception, of course, is the 1999 proof sets, especially the silver proof set. Not only did it have a low mintage (because proof sets were running out of favor), but it also had the first set of the wildly popular state quarters. ALSO, the packaging was very different from past packaging: two lenses instead of one, and a normal cardboard box instead of the old flip box. Rarity + popularity = higher demand. I just don't see that for the 2008 silver proof set.

At July 20, 2009 at 10:04 AM , Anonymous Anonymous said...

To Lasloo:
You are wrong regarding the final mintage number for 2007 Silver Proof set.It was 875,000.
The 677,000 was for 5 piece quarter clad set.

At July 20, 2009 at 10:08 AM , Anonymous Anonymous said...

Just to show you the proof of my words regarding 2007 mintage:

2008 Silver proof set is destined to go up in price since it has the lowest mintage in the last decade.

At July 20, 2009 at 10:51 AM , Blogger Lasloo said...

To Anonymous July 20, 2009 10:04 AM:
Thanks for the mintage info. I wasn't sure about the numbers I was seeing on another site, which is why I asked if anyone could point me to better numbers.
Honestly, I'm not sure why I didn't search through the Numismatic News Mint Stats first!! Again, thanks for the mintage numbers.

With that said, I still hold to my hypothesis that the 2008 silver proof set will NOT be a big winner. There will be a premium, but nothing like 1999. Again, mintage is not the only variable to consider. If these figures are correct (, the 1997-1993 silver proof sets were under 1999 mintage numbers... in fact greatly under... around 530 million to 640 million. While they hold a premium (depending on the year, from not much to maybe double its original cost), they are no where near the levels of 1999.
And with 2008, there's just nothing special about those years coins. It'll probably sell somewhere in the $50-$60 range. Thats like a $5 to $15 premium if you don't include S&H. Small premium for the lowest mintage since pre-1999 silver proof sets.

At July 20, 2009 at 10:55 AM , Blogger Lasloo said...

btw, the US Mint Product Catalog just got updated today (

8/6/2009 First Spouse Series One-Half Ounce Gold Proof Coin – Julia Tyler
8/6/2009 First Spouse Series One-Half Ounce Gold Uncirculated Coin – Julia Tyler
8/6/2009 Julia Tyler Bronze Medal 1 5/16”
8/13/2009 2009 Lincoln Cent Two-Roll Set “Professional Life”
8/18/2009 United States Mint Presidential $1 Coin & First Spouse Medal Set™ - John Tyler (Julia Tyler)
8/20/2009 James K. Polk $1 Coin Rolls

The new Lincoln cents and the Polk $1 coins will be the ones to watch and ponder. I assume CoinWorld will spell out the details soon as to where you can go to get the Lincoln rolls first day!

At July 21, 2009 at 8:02 AM , Anonymous Brian said...

While Lasloo is probably correct regarding the 2008 Silver Proof set, I am hoping they will have some appreciation.

Besides the fact that I bought a lot them (which is a major strike against the possibility), the mintages numbers are lower for full proof sets from 1999 through 2007, they are not better in terms of pre-2004 Proof Silver Quarters.

These may be off but here is the mintages I have:

1999 =804,565, 2000 =965,421, 2001 =889,697, 2002 =892,229, 2003 =1,125,755, 2004 =1,175,934, 2005 =1,069,679, 2006 =1,054,008, 2007 =875,050

2004 Qtrs =593,852, 2005 Qtrs =608,970, 2006 Qtrs =531,000

Assuming the 2007 and 2008 Silver Quarter Proof sets come in around 600,000 each, 2008 will be higher than 1999-2003 with respect to Silver Quarters. I might be leaving out some special one year sets out there.

This will be the lowest mintage of Kennedy 1/2 dollars and Franklin dimes since 1999 (maybe 1997). Mintage looks like it will be in line or slightly higher than 1993 to 1997 Silver mintages of these coins.

Feel free to correct my mintage numbers (not sure where I got them and some might have been from my 09 redbook which I found errors in).

I am curious how much the popularity of a particular state's quarter has influenced pricing. Any thoughts on that?

The old 2009 Redbook has the 1999 silver proof qtrs at $45 vs. $7 for 2000, $15 for 2001 and $10 for 2002. Mintage for 2001 and 2002 are 2,532 different so I'm guessing there is another factor (like holders not wanting to sell, etc.). For example, lets say New Yorkers didn't want to sell their 2001 Silver Proof sets since it contains the Silver New York Quarter, and if they are not willing to break up the set, that could drive the price higher for all 2001 Silver Quarters.

Your thoughts would be appreciated.

At July 21, 2009 at 8:05 AM , Anonymous Brian said...

Sorry, I meant Roosevelt dimes.

Too much sorting through my junk silver halves (separating the WLs, Franklins and Roosevelts).

At July 21, 2009 at 8:36 AM , Anonymous Brian said...

aargh...need more sleep...

WL, Franklin and Kennedy halves and
Mercury and Roosevelt dimes.

still curious about my quarter question though.

At July 21, 2009 at 9:11 AM , Blogger Lasloo said...

As for 2008 silver quarter proof set... per this Mint Stats link (, it sounds like 2008 might be the lowest with only 429,021 sold. But the question is... do people feel like its something worth buying if they can get the same lens AND more coins if they buy the full 2008 silver proof set?

I'm not sure about whether low mintage Kennedy half-dollars will be worth anything. But I'm quite sure that this year's INCREDIBLY low mintage dimes and nickels will be worth something.
The Uncirculated Mint Sets look like they are going to be one of the few places to get P & D versions of each coin. Unfortunately, they all have that Satin Finish they put on them, which makes them technically NOT true uncirculated versions.

Brian, this guy wrote an Ebay Guide to State Quarters and he was thinking down the same line of thought that you are... how to judge the value of state quarters using both mintage and popularity. This is what he came up with:

He seems to think based on his calculations that California, Texas, Florida, Illinois, and Michigan are the winners. I'm not so sure I agree.

For this one, I'm going on experience and as well as mintage. My kids are working on three or four state quarter books. And I've found Missouri to be the most rare. We still need to find more in pocket change to complete two of the books. Second, I'd put down Wisconsin. And third, probably Texas.
However, I haven't yet seen a secondary market study on state quarters yet. For now, while just perusing, I find that they all seem to be in the same range for a nice BU roll, somewhere between $13 to $19. But I would love to see someone do something more extensive.

At July 21, 2009 at 1:32 PM , Anonymous Anonymous said...

The 2009 Nickels and Dimes probably won't be worth as much later as they are presently, simply because the low mintage levels are so popularly known. A large percentage of the mintage will be saved versus circulated, keeping prices down.

For a repeat of the 1983 scenario (where uncirculated coins are worth a LOT, despite high mintage numbers), the number of surviving uncirculated specimens would need to be much lower than it will undoubtedly end up being for the 2009's.

I've still yet to even SEE a 2009 nickel or dime from either the Philadelphia or Denver Mints. I check banks regularly, and even keep full boxes of circulated mixed date bank rolls for both denominations handy to offer in trade for a box of 2009's should it ever be available, but still no dice. I've found it's better to have roll quantities available of the same coins you're asking for to offer the banks in trade, since they like it better if you don't disrupt their coin supply for their business needs. Let's face it, coin collectors have a tendency to drive poor bank employees NUTS, especially in this crazy year! :)

At July 21, 2009 at 2:21 PM , Blogger Michael said...


I think the three big factors that eventually determine whether a US Mint product will go up are: mintage, demand, and who holds the mintage.

To go through these briefly-

1.) Mintage- This is the ultimate constraint on the supply of a certain coin or set. Low supply will cause prices to rise in the face of sufficient demand. In some instances, a low mintage also seems to create new demand.

2.) Demand- Very popular designs or sets will carry a premium despite higher mintages. For example, the 2001 American Buffalo Silver Dollar had a combined mintage of 500,000. Despite having one of the highest commem silver dollar mintages in the past decade, it is one of the most valuable because there is a big enough base of demand to keep prices high.

3.) Who holds the mintage- This is a question of whether the coins are held in large hoards that will be continually sold into the market, or whether the coins are widely distributed to many collectors who intend to keep the coins in their collections. This may be responsible for the price differences you are seeing for sets with nearly identical mintages.

I think that these three factors all have an impact, although sometimes one factor is most prominent.

As for the 2008 Silver Proof Set- the mintage seems like it will be the lowest for the State Quarter era Silver Proof Sets. Demand should be steady since there will always be collections of State Quarters being put together. And last, I don't think there were many people hoarding this set since there has been so much going on with other offerings and Silver Proof Sets haven't delivered a winner in many years.

Putting these together, the prospects seem favorable. Probably won't be an instantaneous hit like the 2008 clad proof set, but hopefully it will move up steadily over time.

At July 21, 2009 at 2:49 PM , Anonymous Anonymous said...


That was very well stated. It's kind of cool to see the phenomenon I've witnessed so much these past few years put so well into words like that!

At July 21, 2009 at 6:50 PM , Anonymous Anonymous said...

On the other side of the coin (no pun intended), the '99 Dolley Madison commem has the lowest (non-'96 Olympic) mintage for the UNC (<23,000), and can be had for close to its original price.

At July 21, 2009 at 6:51 PM , Anonymous Anonymous said...

To be honest, I prefer that Madison design over the '07 gold one

At July 22, 2009 at 12:25 PM , Anonymous Anonymous said...

I recieved my 10 set subscription to 09 silver proof set this morning and this afternoon got both a email confirmation and phone call saying it My only complaint is how it was packaged in paper bags. They used to use plastic bubbles. Luckly nothing was damaged. Stil pretty quick service. I was part of the whole UHR debacle. I have to say I am glad they worked things out and are on track again, and I am proud to be a customer of the usmint. I know they don't hear it enough, but THANK YOU.

At July 22, 2009 at 7:29 PM , Anonymous Brian said...

Michael and Lasloo,

Thanks for your thoughts and the information.

I did check out that ebay sight re: state quarters and while it addresses business strikes I did a similar analysis for Silver Quarters by year using those state population amounts.

First I divided the mintage of a particular state quarter by the population in the state. Here are the top 10 rarest (# of quarters per person):
New York = 0.0462
California = 0.0465
Pennsylvania = 0.0647
Texas = 0.0774
Ohio = 0.0778
Illinois = 0.0882
Georgia = 0.0887
New Jersey = 0.0923
Florida = 0.0995
North Carolina = 0.1025

Second, I took the total sets containing silver quarters (I estim. a combined 1,553,046 sets for 2007) by year, and divided each year's amount by the total combined population of the 5 states represented there. The %s of people in of each 5 state block that could get a set of that particular years silver quarters is as follows:

1999 = 2.3271%
2000 = 3.8415%
2001 = 2.6314%
2002 = 2.8649%
2003 = 4.1354%
2004 = 2.9858%
2005 = 3.3934%
2006 = 15.4614%
2007 = 13.3522%
2008 = 9.0150%

That doesn't make my 2008 Silver sets look too good from a quarter perspective (unless there are a lot of collectors of Silver state quarters).

At July 22, 2009 at 9:20 PM , Blogger Lasloo said...

Wow! Thanks for that analysis of the silver state quarters. Those numbers actually seem to make sense in regards to what the silver mint sets are going for.
So, now the next step is to have someone (who has the time and motivation) to do some averaging of how much each of these quarters or sets are going for on Ebay and compare them with these numbers. Notice the lowest numbers for the sets are 1999 and 2001... which are the sets with the highest values. Very cool.

At July 23, 2009 at 8:48 AM , Anonymous Brian said...


Yes, in terms of premium, the lowest three %s have the highest premiums (in order even). 1999, then 2001, then 2002. This might be one of the factors that determine after market pricing.

The next two (in order from lowest %) is 2004 then 2005. Check out the 09 redbook prices below. These are priced higher than the 2000 and the 2003.

My 2009 Redbook had them listed as follows. I looked all over the book and couldn't find the date they priced their coins (which is more important for Silver, Gold and Platinum). I believe silver was higher when they priced these (maybe closer to $20 per ounce). You can ignore the 2007 and 2008 sets as they are priced higher due to the Presidential dollars.:

1999 = $400
2000 = $35
2001 = $200
2002 = $70
2003 = $35
2004 = $45
2005 = $45
2006 = $40
2007 = $50
2008 = $50

In mid-February 2009 I filled collection on ebay. From one seller, I purchased 1999-2007 (9yrs) at $510 including shipping (mainly to get the 1999, 2001 and an extra 2002 at better pricing and all in pristine condition).

I also purchased at least one 2000, 2002, 2003, 2004, and 2005 as separate sets on ebay at that time. Below is the approx. pricing of all sets during that time (including shipping). For the ones I purchased I used the price I paid (my prices tended to be in the very low end of the range of selling prices). Spot silver was around $13.70 an ounce:

1999 = $200-$225 est
2000 = $25-$26 (paid)
2001 = $100-$125 est
2002 = $55 (paid)
2003 = $25-$26 (paid)
2004 = $27-$28 (paid)
2005 = $27-$28 (paid)
2006 = $25-$30 est

The 2002 tended to sell around $55 - $75 including shipping.

I purchased my other 2007, and all my 2008 and 2009 sets directly from the mint.

When I free up I'll try to find a place to upload a snapshot of my Silver Proof Quarters analysis. I'll do a similar one for Clad Proof Quarters too.

At July 23, 2009 at 9:30 AM , Blogger Lasloo said...

Thanks Brian!! This is REALLY good stuff.

Because of the change in pricing of the silver sets over time (because of the inclusion of extra coins like the Prez), you should probably calculate value as a percentage of the original Mint cost for the silver set. Not sure if that'll affect your numbers much.

The numbers you estimated you bought each set for... I like those better than the red book values. I definitely rely on the red book as a guide... but I really trust Ebay's "Completed Listings" search more when trying to evaluate the REAL worth of something in the here and now. Some coins show up as being very valuable in the red book or even PCGS's pricing guide, but go nowhere on Ebay (which usually translates that its a niche coin and you'll have to go to a place like to sell it at a good price).

What I usually do... is do a Completed Listing search for the coins I'm interested in and then search through the results verifying that the lot being sold is the one I was looking for. Then for all the valid lots I find, I try to get at least 10 of them, and do an average of those 10. When someone has a Best Offer option on a coin, I'll use take that number (maybe minus a couple of bargaining bucks) for my first offer for a coin.

At July 25, 2009 at 11:50 AM , Blogger the x said...

buy as many 2007 and 2008 silver proof sets as you can.

At July 27, 2009 at 5:56 PM , Blogger Indianadano said...

I'm a novice collector and this past weekend, I received the 2009 Silver Proof set. The William Harrison dollar coin has a large tarnish spot on his head. Does a blemish like this enhance the value of the set like a manufacturing error might?

At July 27, 2009 at 10:23 PM , Blogger Lasloo said...

Indianadano, tarnish, unfortunately, doesn't make it worth more. In fact, if it is significant, see if you can turn it back into the Mint for a refund or a replacement.

For things that might be worth something... would be strike or die issues. Doubling in letters, for instance, or missing a mint mark, or the lack of edge lettering or something like that.

At July 28, 2009 at 5:35 PM , Anonymous Anonymous said...


Is there anyone out there with a similar problem like mine? I ordered four 2009 US Silver Proof sets. NONE, repeat NONE, of the four sets were scratch- or spot-free.

At least one of the Presidential dollars in three of the sets had white spotting on the surface. It looked as if moisture had gotten on the coins, which in turn, left white spots.

And three of the four sets contained 2009 Lincoln pennies that had a scratch or blemish on them.

I pulled problem-free coins in their lenses from the different sets. I was able to come up with one decent set by doing so. I returned the other three sets to the US mint.

Has anyone else experienced the same problems?

At July 28, 2009 at 6:09 PM , Blogger Indianadano said...

Lasloo - thanks for the info. I did contact the mint and they were very helpful and offered a full replacement. Just didn't want to turn it back in without finding out more about it.

At July 28, 2009 at 7:22 PM , Blogger wayne said...

set look very frosty,you can see it on the letters the top eWOW! I just received my 2009 silver proof set and all coins are of high standard by the mint. But wait until you see the QUARTERS LOOK LIKE YOU CAN BLOW THE FROST OFF OF THE OBVERSE AND REVERSE OF THE COIN,OK! let me explain i pulled the 2008 silver proof set out of the box put them next to each other,you can see that the 2008 silver proof set quarters look satin the 2009 silver proof edge of the rim Washington face all high spots of the coins all six coins are alike ? can some one explain? do i have rare quarters or did the u.s mint make a new type of planchet? what ever the outcome is they look like diamonds to me lol? thanks Wayne Santa Rosa ca.

At July 31, 2009 at 8:19 AM , Blogger Lasloo said...

I'm still waiting on my silver proof sets from the Mint... I'm still waiting for a number of orders that go back almost two months. Wasn't there some news story that said the Mint was back on track in getting orders through in a timely manner? Harumpf!

I do have a number of 2009 proof sets. I haven't looked at all of them. The two I did open looked ok, and I was able to crack 'em open and sell the individual coins just fine.

BTW, talking about normal (non-silver) proof sets, dimes and nickels don't seem to be selling well. Kennedy and Native Americans, weirdly, seem to be selling better than I expected. And any coin that hasn't officially been released seem to do well. Though in general, the quarters and Prez coins seem to be doing fine. Just those dimes and nickels... no one seems to want 'em. At least not the S versions.

At July 31, 2009 at 8:23 PM , Anonymous Brian said...


If you could list out the original cost of the Silver proof sets by year, I'll do those calculations (I have some but not all, I'll run those numbers).

In my previous "SILVER" quarters calculations, I estimated combined mintage of 2007 SILVER Proof Quarters of 1,553,046, but I believe the amount is closer to 1,317,063. That changes the 13.3522% number to 11.3233%.

Here are the calculations for CLAD Proof Quarters. Mintage used is listed below (I’m less certain about 2005-2008 where I tried to add in CLAD Proofs from Legacy sets):

1999 3,713,359
2000 4,020,172
2001 3,094,140
2002 3,084,245
2003 3,408,516
2004 2,740,684
2005 3,309,017
2006 2,930,880
2007 2,417,960
2008 2,099,933

First I divided the mintage of a particular state CLAD Proof quarter by the population in the state. Here are the top 11 rarest (# of quarters per person):

2005 California = 0.0916
2004 Texas = 0.1199
2004 Florida = 0.1541
2001 New York = 0.1607
2003 Illinois = 0.2671
2002 Ohio = 0.2690
2004 Michigan = 0.2708
1999 Pennsylvania = 0.2988
2008 Arizona = 0.3536
2001 North Carolina = 0.3563
2007 Washington = 0.3846

Second, I took the total sets containing CLAD Proof quarters and divided each year's amount by the total combined population of the 5 states represented there. The %s of people in of each 5 state block that could get a set of that particular years CLAD Proof quarters is as follows:

1999 = 10.7403% (5th LOWEST)
2000 = 15.9965%
2001 = 9.1514% (3rd LOWEST)
2002 = 9.9033% (4th LOWEST)
2003 = 12.5211%
2004 = 4.6238% (LOWEST)
2005 = 6.6893% (2nd LOWEST)
2006 = 28.5901%
2007 = 20.7882%
2008 = 15.7246%

For CLAD Proof Quarters, the 2009 Redbook values are as follows:

1999 = $80
2000 = $23
2001 = $125
2002 = $40
2003 = $27.50
2004 = $50
2005 = $25
2006 = $30
2007 = $32
2008 = $30 (before the early sell out and rise in price)

The highest being 2001 at $125, 1999 at $80, 2004 at $50 and 2002 at $40. The second lowest year is 2005 which doesn’t seem to be priced at a premium, but this year includes California and this drives down the % due to the very high California population. So of the 5 years with the lowest %s, four of them have the highest premiums (though not in order).

I’m curious in which states coin collecting is most popular (on a per capita basis).

At July 31, 2009 at 8:42 PM , Anonymous Brian said...

I ordered 10 of the 2009 Silver Proof Sets on July 19 and received them on July 27th or 28th.

That was very fast in US Mint terms.

I didn't find any major issues with any of the sets (though I went through them quickly). I don't expect perfection though and rarely see that with these sets.

One thing I like about the 2009 U.S. Mint Clad and Silver sets is that the lense with the half dollar, dime etc. is now similar to the one for the presidential dollars so you can see the sides of the coins.

I really really like this for the Silver sets since it is clear that the coins are silver and not clad.

I wish they had also made this change for the quarters lense. Maybe next year.


I did compare both my 2008 CLAD and SILVER sets with my 2009 CLAD and SILVER sets and they definately look different. Great observation.

For example, looking at Washington on the quarters, in 2008 he is "shiny" where in 2009 it looks more "grainy" (like you'd get from sandblasting). Not better or worse necessarily...just different. Is that what you are referring too when you say frosty?

I'm not sure I described it very well, but folks should compare for themselves.

Michael, any thoughts?

At August 1, 2009 at 7:15 AM , Anonymous billrod said...


I just received three 2009 silver proof sets and the quarters have the same type finish you describe. However, the silver half dollar and dime have the satin finish of previous years. I have not seen anything in print to suggest that the Mint was altering the finish on the quarters. Interesting.

At August 1, 2009 at 2:31 PM , Blogger wayne said...

yes ! Bill Rod only the territorial quarters I now believe are ultra frosty,ultra deep cameo coins "wow" my neighbor BILL who is a collector believes the 6 quarters that i have could be proof 70? all other coins in the silver proof set are satin finish! thanks wayne

At August 2, 2009 at 11:13 AM , Anonymous Brian said...



For 2007 Proof SILVER Quarters, I estimated combined mintage of 1,553,046, but I believe the amount is closer to 1,317,063. That changes the 13.3522% number to 11.3233%.

Here are the calculations for CLAD Proof Quarters using the following mintages (I’m less certain about the newest years 2005-2008, and tried to add additional amounts from the Legacy sets):

1999 3,713,359
2000 4,020,172
2001 3,094,140
2002 3,084,245
2003 3,408,516
2004 2,740,684
2005 3,309,017
2006 2,930,880
2007 2,417,960
2008 2,099,933

First I divided the mintage of a particular state CLAD Proof quarter by the population in the state. Here are the top 11 rarest (# of quarters per person):

2005 California = 0.0916
2004 Texas = 0.1199
2004 Florida = 0.1541
2001 New York = 0.1607
2003 Illinois = 0.2671
2002 Ohio = 0.2690
2004 Michigan = 0.2708
1999 Pennsylvania = 0.2988
2008 Arizona = 0.3536
2001 North Carolina = 0.3563
2007 Washington = 0.3846

Second, I took the total sets containing CLAD Proof quarters and divided each year's amount by the total combined population of the 5 states represented there. The %s of people in of each 5 state block that could get a set of that particular years CLAD quarters is as follows:

1999 = 10.7403% (5th LOWEST)
2000 = 15.9965%
2001 = 9.1514% (3rd LOWEST)
2002 = 9.9033% (4th LOWEST)
2003 = 12.5211%
2004 = 4.6238% (LOWEST)
2005 = 6.6893% (2nd LOWEST)
2006 = 28.5901%
2007 = 20.7882%
2008 = 15.7246%

For CLAD Proof Quarters, the 2009 Redbook values are as follows:

1999 = $80
2000 = $23
2001 = $125
2002 = $40
2003 = $27.50
2004 = $50
2005 = $25
2006 = $30
2007 = $32
2008 = $30 (before the early sell out and rise in price)

The highest being 2001 at $125, 1999 at $80, 2004 at $50 and 2002 at $40. The second lowest year is 2005 which doesn’t seem to be priced at a premium, but this year includes California and this drives down the % due to the very high population. Of the 5 years with the lowest %s, four of them have the highest premiums (though not in order).

I’m curious in which states coin collecting is most popular (on a per capita basis).


I posted my observations on the 2008 vs 2009 quarters but it still doesn’t show so I’ll paraphrase below.

After seeing your post, I compared my Clad and Silver 2008 and 2009 quarters and noticed when comparing the Washington portraits, the 2008 appear “shinier” while the 2009 appear “more grainy.” Not necessarily better or worse (depends on taste) but definitely different. Is that what you mean my “frosty?” Kudos on your observation skills.

At August 2, 2009 at 11:51 AM , Anonymous Brian said...



I received order for 10 U.S. Mint Silver Proof Sets for 2009 on either the 27th or the 28th and ordered on the 19th. Hopefully you’ll get yours soon.

I like the change in the lense configuration from 2008 to 2009 for the half dollar, dime, nickel and Saq. $ to be similar to the Presidential $ lenses where you can see the sides of the coins (and coins are not touching or rubbing against cardboard on the sides). This is especially beneficial since it is much easier to distinguish the silver “S” coins vs the clad “S” coins.

I wish they had made that change for the quarters as well. Maybe next year.

I didn’t find any major problem coins in any of my 10 Silver Mint sets for. I did not have time for a loupe inspection, but I found no fingerprints, major scratches, etc. visible with quick inspection by the human eye.


If you are unhappy with the coins, I would return the coins and place a new order. You could request a replacement (avoiding paying shipping again), but it might take longer to get replacement sets and if sell out is of any concern I wouldn’t want to risk it for $4.95.

At August 3, 2009 at 9:34 AM , Anonymous billrod said...


I asked Coin World about the heavily frosted finish on the 2009 silver quarteres and here is the reply I received.

"We asked the Mint about the frosted finished more than a month ago, but have not received any sort of answer as yet. We will publish the details as soon (if?) the Mint releases them."

Has anybody looked closely at the 6silver quarter sets ???

At August 3, 2009 at 10:19 AM , Blogger Michael said...

Thanks all for the information on the different type of finish.

Does anyone have a close up photo to share? If so, please post on or email to coins @


At August 3, 2009 at 12:11 PM , Anonymous billrod said...

Pictures sent. Please post for others to see.


At August 3, 2009 at 1:41 PM , Blogger Michael said...


Thanks, I'll see what else I can find and make a fresh post on this topic today or tomorrow.

At August 4, 2009 at 6:52 AM , Blogger Lasloo said...


Here's the original costs for all the silver proof sets that included the new quarters:

1999 - $31.95
2000 - $31.95
2001 - $31.95
2002 - $31.95
2003 - $31.95
2004 - $37.95
2005 - $37.95
2006 - $37.95
2007 - $44.95
2008 - $44.95
2009 - $52.95

At August 4, 2009 at 5:23 PM , Blogger wayne said...

i have sent some photos of the 2009 silver proof quarters,that seem to be frosty thanks waynez here is a link look for wayne z as a member! thanks

At August 5, 2009 at 7:00 PM , Blogger Lasloo said...

The 2009 Mint Silver Proof Set is selling for MORE than what you can buy them for on the US Mint's website... and that's not even including S&H. The most recent one I saw was going for $56, but I've seen some go over $60.
Anybody have any idea WHY someone would choose to pay more for something they could easily order for less on the ACTUAL Mint's website?
Then again, it'll take the Mint two months to ship it to you, while an Ebay seller will be able to get it to you in less than week. But is that worth the premium?

At August 5, 2009 at 7:29 PM , Anonymous Brian said...


based on 2009 redbook prices, here are the % increases in prices of U.S. Mint Sets (Silver) over issue prices:

1999 1151.96%
2000 9.55%
2001 525.98%
2002 119.09%
2003 9.55%
2004 18.58%
2005 18.58%
2006 5.40%
2007 11.23%
2008 11.23%

This seems to be the same ordering of the top 5 based on redbook.

Based on what I paid for 2000, 2003, 2004 and 2005 (below redbook price as noted below), those actually lost money vs. issue price.

2000 = $25-$26 (paid)
2003 = $25-$26 (paid)
2004 = $27-$28 (paid)
2005 = $27-$28 (paid)

2000 and 2003 were ~19% below issue and 2004 and 2005 were ~26% below issue.

Silver was between $5.50 and $8.00 an ounce when the 2004 and 2005 sets were issued...and I bought them for ~26% below issue when Silver was at $13.70. At $13.70 per ounce, silver melt value per set alone was ~$18.33. Add that to face of the other coins and you get ~$19.44. While I still think I got a good deal, I still don't understand why the Silver sets for certain years sell so cheap.


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