The U.S. Mint’s 2024 Silver Proof Set has made quite an impression, selling a massive 149,924 sets in just the first four months since its release. This collection has drawn collectors and investors alike, with its beautiful designs and valuable silver content. Let’s dive into what makes this set so special, how it performed compared to previous years, and why collectors love it.
Overview of the 2024 Silver Proof Set
The 2024 Silver Proof Set was officially released on June 27, 2024, and includes ten unique coins, each stamped with the “S” mint mark of the San Francisco Mint. Here’s what’s included:
- Five American Women Quarters™ featuring:
- Rev. Dr. Pauli Murray
- The Hon. Patsy Takemoto Mink
- Dr. Mary Edwards Walker
- Celia Cruz
- Zitkala-Ša
- One American Eagle One Ounce Silver Proof Coin
- One Kennedy Half Dollar
- One Roosevelt Dime
The silver content is a big draw, as seven of these coins are made with 99.9% fine silver, totaling about 2.473 troy ounces of silver in the set.
Sales Performance and Milestones
Since its release, the 2024 Silver Proof Set has seen steady sales growth:
- Initial Release: Within the first four days, sales hit 143,765 units.
- First Week: By July 7, sales grew to 148,676 units.
- Four-Month Mark: As of October 27, total sales reached 149,924 units.
This steady demand reflects the set’s popularity among coin collectors and silver investors.
Comparison with Previous Years
The 2024 set’s performance stands out, even compared to prior years:
Year | Initial Sales (First Week) | Total Sales (To Date) |
---|---|---|
2023 | 158,077 | 193,256 |
2022 | 173,861 | 249,338 |
2021 | 172,468 | 303,786 |
While the 2024 set’s first-week sales were slightly lower than some previous years, its steady four-month performance shows it’s a popular choice.
Factors Influencing Sales
Several elements have contributed to the success of the 2024 Silver Proof Set:
- Historical Significance: The American Women Quarters™ honor remarkable women in U.S. history, making the set meaningful for many.
- High Silver Content: The 99.9% fine silver in seven coins adds appeal for those interested in precious metals.
- Craftsmanship and Quality: The proof finish and high-quality design make each coin a collectible piece of art.
Pricing and Availability
The U.S. Mint initially priced the set at $130, but raised it to $150 in July 2024 due to rising silver prices and production costs. Despite the price hike, demand has remained strong, reflecting the set’s perceived value among collectors.
Conclusion
The 2024 Silver Proof Set has proven to be a top choice for collectors and investors, with nearly 150,000 sets sold in just four months. Its combination of historical tribute, fine silver, and beautiful craftsmanship makes it a standout in the U.S. Mint’s collection. This year’s set continues to show that even with price increases, quality and significance keep drawing collectors. So, if you’re a fan of unique, valuable coins, this set might be the perfect addition to your collection!
FAQ’s
What is the 2024 Silver Proof Set?
The 2024 Silver Proof Set includes ten proof coins, seven of which are made from 99.9% fine silver, celebrating notable figures and American icons.
Why did the U.S. Mint increase the price of this set?
The price was adjusted due to rising silver prices and production costs, going from $130 to $150 in July 2024.
How many sets have sold so far?
As of October 27, 2024, a total of 149,924 sets have been sold.