On Thursday, October 5, the United States Mint offered the 2017-S Limited Edition Silver Proof Set to collectors and the public. The proof set included a Roosevelt Dime, the five different America the Beautiful Quarters, a Kennedy Half Dollar and a 1-Ounce American 2017-S Silver Eagle. The Mint issue price for the set was $139.95. All eight coins in the set were struck in proof format and contained the "S" mint mark, since they were all struck at the San Francisco Mint. The maximum product limit was set at 50,000 total sets. Initially, the Mint restricted ordering to two sets per household. However, those restrictions were later removed and customers could then order as many sets as they’d like.
What made this set special is that it contained the 2017-S Proof Silver Eagle. The only other offering of the 2017-S Proof Silver Eagle was in a Congratulations Set that the Mint offered earlier this year. The maximum product limit for the Congratulations Set was 75,000. This means that the 2017-S Proof Silver Eagle has a mintage of no more than 125,000 if all sets are sold and not returned. If no further 2017-S Proof Silver Eagles are minted, that would make it a key coin in the Proof Silver Eagle series. The only other coin with a lower mintage is the 1995-W Proof Silver Eagle. Today, the 1995-W Proof Silver Eagle sells for about $3,000 in PR69 Deep Cameo condition, making it unaffordable for many collectors. On the other hand, the 2017-S Proof Silver Eagle appears to bring about $80 on average in PR69 Deep Cameo. Will the 2017-S Proof Silver Eagle be a winner in the short future? Only time will tell.
Although the 2017-S Limited Edition Silver Proof Set did not sell out on the first day of release, by the following afternoon (Friday) the status of the coins changed to unavailable on the U.S. Mint website. Many believe that eliminating the two coins per household ordering limit is what spiked sales. No doubt, the U.S. Mint has managed to make another key date issue coin in a very popular series, exciting Silver Eagle collectors. Hopefully the Mint will continue to produce low mintage and exciting coins for different series just as it did with this 2017-S Proof Silver Eagle.
At PCGS, we are excited about grading the new 2017-S Proof Silver Eagles and the other coins from the 2017-S Limited Edition Silver Proof Set. If you would like to submit your coins to PCGS, have questions or would like more information, please email us at [email protected] or call at 1-880-447-8848.