Today, January 25, 2011 at 12:00 Noon ET, the United States Mint will release the 2011 Silver Proof Set. This annual set includes a total of fourteen coins, with seven of them struck in a composition of 90% silver.

Each 2011 Silver Proof Set includes:

(1) 2011-S Lincoln Cent

(1) 2011-S Jefferson Nickel

(1) 2011-S Roosevelt Dime – 90% Silver.

(5) 2011-S America the Beautiful Quarters – 90% Silver. Featuring Gettysburg National Military Park, Glacier National Park, Olympic National Park, Vicksburg National Military Park, and Chickasaw National Recreation Area.

(1) 2011-S Kennedy Half Dollar – 90% Silver.

(1) Native American Dollar

(4) 2011-S Presidential Dollars – Featuring Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes, and James Garfield.

The US Mint has priced the 2011 Silver Proof Set at $67.95 plus applicable shipping and handling. There are no household ordering limits or a stated maximum production.

This will represent the third consecutive year that the price of this product has been increased. Previous prices have been $44.95 (2008), $52.95 (2009), $56.95 (2010). The increased pricing has followed the upward trajectory of silver, which has doubled since the release of the 2008 Silver Proof Set.

The value of the silver content within each 2010 or 2011 Silver Proof Set is $35.05 based on data from Coinflation.com.

Two weeks ago, the US Mint released the standard 2011 Proof Set, containing coins struck in the same compositions used for circulation. Sales have been weak compared to last year. As of January 23, 2011, the US Mint recorded sales of 279,023 of the 2011 Proof Sets, which is about 20% below the sales level of the 2010 Proof Set within a comparable period

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