The United States Mint has increased prices for its 2010-2011 America the Beautiful Quarters Silver Proof Sets.
The sets feature collector versions of the circulating America the Beautiful Quarters®. These coins are minted to a proof standard and each are struck in 90 percent silver. It is their silver composition that caused the Mint to raise the prices.
Silver this year has shot up to levels not seen since 1980 when the Hunt brothers attempted to corner the silver market. The United States Mint, as a result, reviewed its product pricing to make sure it was not selling silver coins and sets that had melt values that were higher than what it was charging.
During the first week of March it actually halted the sale if its 2010 Quarters Silver Proof Set since its listed price of $32.95 was very close to its melt value. The America the Beautiful Quarters Silver Proof Sets include a total of five quarters that have a combined .904 ounces of silver. For a time in March, silver reached over $36 an ounce, making the set’s price and melt value close to even. (The London fix price was $35.15 an ounce on Friday.)
Sets with Price Increases
On Friday, the United States Mint resumed selling the 2010 America the Beautiful Quarters Silver Proof Set after raising its price by $7, from $32.95 to $39.95. The coins in this set include:
- 2010-S Hot Springs National Park Quarter
- 2010-S Yellowstone National Park Quarter
- 2010-S Yosemite National Park Quarter
- 2010-S Grand Canyon National Park Quarter
- 2010-S Mount Hood National Forest Quarter
These strikes represent sites found in the states of Arkansas, Wyoming, California, Arizona and Oregon, respectively.
The United States Mint also raised the price for the upcoming 2011 America the Beautiful Quarters Silver Proof Set which it has scheduled for release on March 29, 2011. The Mint originally had it listed for $39.95, but raised its price to $41.95. The coins in this set include:
- 2011-S Gettysburg National Military Park Quarter
- 2011-S Glacier National Park Quarter
- 2011-S Olympic National Park Quarter
- 2011-S Vicksburg National Military Park Quarter
- 2011-S Chickasaw National Recreation Area Quarter
These strikes represent sites found in the states of Pennsylvania, Montana, Washington, Mississippi and Oklahoma, respectively.
Additionally, the Mint raised prices on its 2010 Silver Proof Set from $56.95 to $64.95. This product includes the same silver quarters as found within the above mentioned 2010 America the Beautiful Quarters Silver Proof Set, as well as the year’s Presidential $1 coins, Native American $1 coin, Kennedy half-dollar, Jefferson nickel, Roosevelt dime, and Lincoln cent. The quarters, nickel and half dollar each are composed of 90 percent silver, for a combined silver weight of 1.34. ounces.
Any of the Mint products may be purchased directly on its website at http://catalog.usmint.gov/.