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 Replies: 18 / Views: 4,277 |
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New Member
United States
23 Posts |
Hello, I bought my 1999 silver set for 79.99 3 weeks ago on ebay. I believe the demand has gone down for a couple reasons. A lot of people right now are purely putting there money they use to spend on coins or whatever currency they collected and are now buying Bullion. I am not one of these people I have always bought bullion but not in a crazy quantity. Not to mention the economy has been down for so long people just do not have the spending money that they use to. Take advantage of this time like I have and buy all of the under valued things that you can. That 1999 silver set will be worth a lot more then $100 at some point. Its just a question on when that will happen. |
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Pillar of the Community
 United States
3276 Posts |
Quote:
I bought a 1999 silver proof set (the entire set) for under $100 four or five months ago. I don't know where you got your pricing guidance.
time flies, I just checked my ebay and it looks like I bought them 7 months ago. I got them for about $100 even when the set was going for $110 to $120. You must have bought it right when it started going down again. and yeah I guess I could have figured it was just demand. But wow, it's really going down, if it hits like $40 or $50, I'm going to buy another. |
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Pillar of the Community
United States
1302 Posts |
you know, clean PR69DCAMs will probably still fetch 40-50 bucks a piece. something to consider. Personally, I'd get them the heck out of that OGP as soon as possible. They'll tone badly.
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Pillar of the Community
United States
1227 Posts |
This is just a guess (I've never boughten full sets), but I'm going to say it may be what my family calls "Beanie Baby syndrome." Everybody wanted "This Rare One Of A Kind Collectable," and never stopped to think that everybody else would want one, too. Now the market is saturated with them, and so the value goes down.
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Pillar of the Community
United States
7840 Posts |
Oh my, I have a box of those Beanies somewhere in the garage...thanks for bringing that up!  (sarcasm) Edited by oih82w8
04/16/2012 5:46 pm
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Pillar of the Community
United States
3276 Posts |
Yeah but I was always curious as well as to why 1999 was so much more expensive than the other sets. strange. And oh yes, I remember the beanie baby days.
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Pillar of the Community
United States
1770 Posts |
like everything else the "fad" has died down to nill now its the ATB Quarters plus the fact they just made to many of those State Quarters |
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Pillar of the Community
United States
745 Posts |
I too believe the demand has gone down because they are putting coin money they into buying Bullion,
before Bullion when up in last 2 years... the full 1999 silver proof set was going for $300 a set.
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Bedrock of the Community
United States
17884 Posts |
Why? Because they were way over priced back then. People are starting to realize that a close to 900K mintage is NOT rare and that the mintage isn't that low compared to the other years. Especially at the end of the series. There are easily enough of those things to go around, and in such a case a high price can not be maintained.
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Valued Member
United States
410 Posts |
I may have to start watching them. I have 2000 to 2011 silver proof sets and would like the 1999 to complete my 50 State Quarters. Even $70 seems pretty steep for me though as that would be a 100% premium over melt. |
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Pillar of the Community
United States
745 Posts |
the full 1999 silver proof set for $70 is a steal... it was going for $300 a set in 2009.
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Pillar of the Community
United States
3276 Posts |
yeah I thought I got it for a steal for $100.
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Valued Member
United States
410 Posts |
I don't see modern coins holding much numismatic value. 1999 silver proof sets are by no means rare. Just look at the mintage numbers:
1999 - 804,000
2000 - 965,000
Looking at those numbers I can't see any way to justify the difference in price. 2000 sets sell for spot while 1999's are selling for 3 to 5 times silver spot. I suspect prices for the 1999's will continue to fall to near parity with the other sets in the series.
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Pillar of the Community
United States
1817 Posts |
Agreed, the 1999 silver proof set were way overpriced for a long time, and now that everyone's putting their money in PMs, the sets are coming down in price, probably not to parity in the short term, but it will probably always cost more than the 2000-2002 sets, all of them under 1M sets total. It definitely seems the frenzy for the State Quarter program is over and the demand is not there for the collectible quarters. The ATB Quarters are not widely collected as most people have never seen one, so while the first silver set with them (2010) is also under 1M, the demand just isn't there, so it only sells at a modest premium over melt like the later state silver sets. |
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Pillar of the Community
United States
745 Posts |
But...1999 silver proof sets COULD contain 2 very rare coins, which partly could justify the higher price: 1999-S PF70 DELAWARE PROOF SILVER QUARTER about $2000-$3000 1999-S 1C Lincoln Proof Cent Close AM FS-901 about $300 So maybe people pay more for 1999 silver proof sets on hopes that they may get these very rare coins? |
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Replies: 18 / Views: 4,277 |
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First Page
Posted 04/16/2012 2:02 pm
