US Mint 2010 Silver Proof Set

On August 26, 2010 at 12:00 Noon ET, the 2010 Silver Proof Set will go on sale at the United States Mint. This set contains 14 different proof coins, with 7 struck in a composition of 90% silver.

Each 2010 Silver Proof Set includes the following coins:

(1) 2010-S Proof Lincoln Cent - the first year of the new Union Shield design.

(1) 2010-S Proof Jefferson Nickel

(1) 2010-S Proof Roosevelt Dime - struck in 90% silver.

(5) 2010-S America the Beautiful Quarters - struck in 90% silver and featuring Hot Springs National Park, Yellowstone National Park, Yosemite National Park, Grand Canyon National Park, and Mount Hood National Forest.

(1) 2010-S Proof Kennedy Half Dollar - struck in 90% silver.

(1) 2010-S Native American Dollar - featuring the Hiawatha Belt design.

(4) 2010-S Proof Presidential Dollars - featuring Millard Fillmore, Franklin Pierce, James Buchanan, and Abraham Lincoln

It's worth noting that all of these coins have previously been released by the United States Mint in other proof sets except for the 90% silver Kennedy Half Dollar and Roosevelt Dime.

The 14 coins of the 2010 Silver Proof Set are packaged in three separate plastic lenses and placed within an outer cardboard box with certificate of authenticity. The sets are priced at $56.95 with no stated maximum production and no household ordering limits.

The price of the set represents an increase of $4 compared to the cost of the 2009 Silver Proof Set. Last year's set contained 18 different coins with 8 coins struck in 90% silver. The price increase follows suit with the previously released 2010 annual sets, although in this case the pricing is more easily justified by the higher price of silver.

When last year's set went on sale on July 17, 2009, silver was $13.16 per ounce yielding a silver value per set of $19.99. Using silver's current price of $18.40 per ounce, the silver value per 2010 Silver Proof Set is $24.63. For the calculations, I used Coinflation's Silver Coin Melt Value Calculator.

Sales trends for the currently available 2010 annual sets suggest lower final sales will be achieved for each set compared to the 2009 versions. Likely, the 2010 Silver Proof Set will follow suit. The last reported sales figure for the 2009 Silver Proof Set was 694,406.

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