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A 1940 US proof set is rather valuable. As of 02/2015 an estimated retail price is around $1500.

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Q: What is the value of a 1940 US Mint proof set?
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What is the value of the 1994 silver US mint proof set?

With original Mint packaging retail is $30.00 for a Silver Proof Set


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According to the Standard Catalog of World Coins, the US Mint produced 11,426 proof sets in 1940 and sold them for $1.89 each. According to the same source, a 1940 proof set is currently valued at US$1,475.00. If you have one, however, I would suggest going to a reputable coin dealer for a better valuation based on the condition of your particular set.


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