reverseproof

By Joshua McMorrow-Hernandez for CoinWeek….
 

It seems the United States Mint knows a good thing when they see it, because now there’s news of yet more Reverse Proof coin sets due for release later this year.

The 2015 Coin and Chronicles Sets featuring Harry S. Truman, Dwight D. Eisenhower, John F. Kennedy, and Lyndon B. Johnson are on their way in December. Each set will include one 2015-P Reverse Proof dollar specific to the president honored in a given set. The P-mint Reverse Proof Presidential $1 coins will be available only in the commemorative sets.

Each Coin and Chronicles set will be limited to a run of 17,000, with the exception of the Kennedy set, of which 25,000 will be made. However, there will be an ordering limit of five per household, and with the U.S. Mint offering these coin sets in December, they may sell out quickly, given the timing with the holiday shopping season.

Each Presidential Coin and Chronicles Set will retail at $57.95. However, since each package will also include a one-troy-ounce, 0.999 fine silver Presidential medal, it’s possible that price may change.

A release date has not been set.

Dimes, Other Reverse Proof Coins from U.S. Mint in 2015

modsmallPresidential dollars aren’t the only U.S. coins collectors can buy with frosted fields and mirror-like devices this year. Other Reverse Proof coins available at the U.S. Mint in 2015 include the Roosevelt dime, which will receive the special Reverse Proof treatment as a 90% silver coin in the March of Dimes Special Silver Set.

The commemorative set, available at 12 PM Eastern Time on May 4, costs $61.95 and includes a Philadelphia-mint Reverse Proof Roosevelt dime.

Also included with the set is a West Point silver Roosevelt dime with regular Proof finish, becoming the first standard Proof Roosevelt dime struck at the New York Mint. Additionally, the set includes a Proof March of Dimes silver dollar, which ordinarily retails on a separate basis for $51.95. The March of Dimes Special Silver Set will have a limited run of 75,000, likely putting added pressure on the aftermarket price of the dimes thanks to the demands of Roosevelt series collectors who want to complete their sets. Considering that the March of Dimes Special Silver Set costs only $10 more than the individual silver dollar, it may be worth spending the extra cash.

Still to be determined is if the United States Mint will officially unveil one or possibly two Reverse Proof Sets to commemorate the 50th anniversary of the first San Francisco Proof coins. Numismatists take note; the first Proof coins bearing “S” mintmarks weren’t released until 1968, certainly mitigating the symbolic significance of these “50th anniversary” sets in 2015.

But regardless of that trifling technicality, Reverse Proof sets may be offered in the following formats:

1. One Proof Set with base-metal coins in Reverse Proof finish
2. A Proof Set with the dime, quarters, and half dollar made from 90 percent silver planchets

While release dates, product specifications, and prices for these potential Reverse Proof sets are yet to be announced, there have been press announcements since August 2014 from the Mint hinting at such products. Nevertheless, as of today, there is still no mention of such sets in the U.S. Mint’s official product release schedule.

Many coin collectors are also waiting to see if any Reverse Proof American Silver Eagles will take flight this year.

While Reverse Proof ASEs were released in 2006 and 2011-13, none were made last year. The last time such a coin was offered–in the 2013 American Eagle West Point Two-Coin Silver Set–collectors had to fork over $139.95 for it.

How to Buy Reverse Proof Coins from the United States Mint

As is the case with all United States Mint coin offerings, all Reverse Proof pieces can be purchased online from the United States Mint website (http://www.usmint.gov). Orders can also be placed by calling 1-800-USA-MINT (872-6468). Of course, you can also order through regular mail from the U.S. Mint’s print catalog. But remember: if you decide to go the postal route, it’s harder to ensure placing your order limited-release products–like the 2015 March of Dimes Special Silver Set–sell out.

If you’re late to the party and miss out on buying Reverse Proof coins directly from the Mint, you can turn to the very active (and well-supplied) secondary market. While you should expect to pay significant premiums for new U.S. Mint products in the private sector (especially ones that sell out quickly upon release), the option is there.

Though there has generally been little luck in turning a long-term profit on U.S. Mint products in the last number of years, it’s possible that some short-term price run-ups could be seen with the March of Dimes Special Silver Set, given the two tantalizing dime offerings.

Will we see huge aftermarket markups on any of these Reverse Proof coins? Assuredly. But will prices stay buoyant three or five years out?

Stay tuned…
 

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