What is the value of Franklin Mint Norman Rockwell Spirit of Scouting Set?

Answer 1

Depends on the MARKET. Remember SUPPLY and DEMAND. I bought mine for $240, I just saw it on eBay for $120. Want to buy mine? $240

The coins are 7/8 troy ounce of 0.925% (sterling) silver meaning that each has about 0.8 troy ounces of silver - 9.7 ozt for the whole set of 12. I have been following them on eBay and recently (December 2009) they have been going for the spot price of silver and only $20 or so per set more. There are some sets listed at over $300 and some indivual coins listed at $40 but they do not seem to be getting any takers.

Update: In the Summer of 2011, with silver at about $5/ ozt spot price and the Stock Market craziness causing the price of metal to spike, these sets are sometimes going for $550-600 (or about 125% of spot).

So the reral answer to the questionis that they should go for at least the spot price x 9.7 ounces plus a premuim that will vary depending on demand.

Answer 2

This set was originally released in 1975 and sold for $290 in Sterling Silver, $29 per bar. There are 10 bars each weighing 700 grains. This makes the weight for the set at 14.6 (troy) ounces. To calculate the value of just the silver, multiply the price of silver by that number of ounces. The current price of silver is $40.80. 14.6 oz x $40.8 = $595.68. The value of the case would be added to that.

The rarity is another factor that will impact the price and value. There were only 4,544 of these sets minted, giving this a rarity of 2 stars on a 1-to-5 star scale, considered "Somewhat Rare." That indicates that one of these bars is available only once every 6 months or so. But a complete set is probably more of a three star rating, meaning only once per year are you likely to see a complete set in good condition.

For reference on price, the Franklin Mint is currently offering this set at $723 plus shipping. A recent eBay auction had a lucky buyer win this set for only $600 with free shipping. (item #160639615051)

There is also a version of this set available in bronze. It was also released in 1975 and had a price per set of $120 and $12 per bar. I answered this question assuming that you were referring to the silver bars.