2011 Silver Proof Set

I’ve just received by 2011 Silver Proof Set from the US Mint. The annual set was released much earlier than normal, as the US Mint pushed up the release dates for all three of their core annual sets. I’m overall pleased with the purchase, even though it was a bit pricey.

As you will see from the picture, they changed the color scheme for the lenses containing silver coins to black. The silver coins look much more stunning against this background. Since 1999, the background had been red. Before that, from 1992 to 1998, black backing and boxes were used.

Besides the five America the Beautiful Quarters pictured, the sets also include the cent, nickel, dime (silver), half dollar (silver), Native American Dollar, and the four Presidential Dollars for this year.

Following silver’s 80%+ rise last year, a price increase for the 2011 Silver Proof Set was pretty much a given. The set was $67.95 compared to last year’s price of $56.95. The interesting thing is that the 2010-dated sets still remain available for sale at the original price.

If the price of silver experiences another strong year, at some point the silver value of last year’s set will exceed the US Mint price. What happens then?

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