2011 US Mint Proof Set
Today, January 11, 2011, the United States Mint released the 2011 Proof Set. The popular annual set is released more than six months earlier than last year's set. Currently, both the 2010 and 2011 dated sets are available for sale at the US Mint.
Each 2011 Proof Set contains a total of 14 different coins, struck at the San Francisco Mint and carrying the "S" mint mark. The coins included in the set are as follows:
(1) 2011-S Proof Lincoln Cent
(1) 2011-S Proof Jefferson Nickel
(1) 2011-S Proof Roosevelt Dime
(5) 2011-S Proof America the Beautiful Quarters
(1) 2011-S Proof Kennedy Half Dollar
(1) 2011-S Proof Native American Dollar
(4) 2011-S Proof Presidential Dollars
This year, the America the Beautiful Quarters feature Gettysburg National Military Park, Glacier National Park, Olympic National Park, Vicksburg National Military Park, and Chickasaw National Recreation Area. The Presidential Dollars feature Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes, and James Garfield.
The 2011 Proof Set is priced at $31.95. This is the same price as the prior year set.
In previous years, the US Mint had released separate Presidential Dollar and State/Territorial/ATB Quarter Proof Sets, prior to the release of the full annual set. It always seemed that this was done to provide some incentive for purchasing the component sets. Collectors could get the new quarters and dollars a few months earlier than if they waited for the full proof set to be released.
In terms of total cost, it never made sense to purchase the separate sets. Under this year's pricing, it will make even less sense. It will cost $19.95 to purchase the 2011 Presidential Dollar Proof Set and $14.95 to purchase 2011 America the Beautiful Quarters Proof Set for a total of $34.90. This is $2.95 more than the price of the full annual set, which also includes the cent, nickel, dime, half dollar, and Native American Dollar.
Releasing the full 2011 Proof Set, before the separate dollar and quarter sets is definitely beneficial step for collectors. A likely result will be higher sales for the full annual set compared compared to last year, and significantly lower sales for the separate dollar and quarter sets.
Coin Update News: US Mint Numismatic Sales Report
Labels: Annual Sets