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 Replies: 34 / Views: 8,210 |
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Valued Member
United States
143 Posts |
US Silver Proof Sets have always been a pleasant investment...until last year....even with the extra quarters, $60 was just a bit too much dough. Saddened for all the collectors who are turned off because of this "business sense"
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Pillar of the Community
United States
7276 Posts |
I've only ever completed the bullion ASE and I'll probably complete the new set 2021-till I'm dead... The price of silver proof sets became more than I fell is fair. I'll get the few coins I do want, but I'll get them on the secondary market. |
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Bedrock of the Community
United States
17884 Posts |
Quote:t they have released the prices for the 2021 Morgan and Peace dollars at $85 each And that is an additional price gouge. The 2021 Morgan and Peace dollars have the exact same specifications and the commemorative dollar coins, but the Unc Commemorative dollars are $74 and that includes a $10 surcharge that the Morgan and Peace dollars don't have. Without the surcharge the commemorative dollars would be $64, so why are the Morgan and Peace $85? A "21" for the collector, and an extra $21 for the government? Edited by Conder101
04/17/2021 09:14 am
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Valued Member
United States
59 Posts |
I canceled my auto enroll. I am also in the every year since the 90s camp, I felt last years was too expensive, odds are I'll cave and still buy at this ridiculous price but when I am able to spend the extra $$$.
Its so annoying, they talk about surveys and other ways they listen to customers, but clearly thats just to check off a required "we asked" box in a computer form somewhere. **sigh**
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Pillar of the Community
 United States
5191 Posts |
I wonder if Congress should change the charter of the US Mint. Perhaps it would be a good idea if the US Mint only concerns itself with minting business strike coins for circulation. Any commemorative such as the 2021 Morgan and Peace dollars could be a competitively bid contract between Congress and one or more commercial mints. The design will still be carried out by a Treasury/Congress designated artist, but the actual minting and pricing will be done by the commercial party/parties. That way, there can actually be some sort of market competition which, hopefully will keep prices down. (Edited for clarification) Edited by NumisEd
04/18/2021 6:07 pm
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Valued Member
United States
397 Posts |
I'm torn. Like others, I believe the asking price for the 2021 silver proof set is ridiculous. With $2.16 face and about $25 worth of silver, $105 seems extreme. Debating canceling my subscription for the set even though I can afford the asking price. Just doesn't seem like a good value for the price. Rant over.
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Moderator
 United States
188770 Posts |
Quote:
I wonder if Congress should change the charter of the US Mint... I honestly believe that will only make things worse for the collector. It feel it would not make anything less expensive. Seigniorage on circulation strikes gives the Mint a buffer for its profit margins that would not be available to a private mint. We must also remember that the cost of a coin is not just its material or melt value. I cannot imagine a private company reducing costs without having to resort to offshore manufacturing. |
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Pillar of the Community
United States
4593 Posts |
There is an old Mississippi River boat saying, "If you look around the table and don't know who the mark is, it's you".
Applies to US Mint offerings too....
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
United States
188770 Posts |
Quote:
There is an old Mississippi River boat saying, "If you look around the table and don't know who the mark is, it's you".  |
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Pillar of the Community
United States
1748 Posts |
I will buy the 2021 silver quarter slab from a broke up set and that will be it. I'm ending my silver proofs at 2021. I will just buy the clad proof quarters from now on.
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Pillar of the Community
United States
1373 Posts |
I got my silver proof set in the mail today. I look at it and all I can think of is "Is this it"? I feel like an alcoholic who needs to drink a beer on the way to Sunday morning mass. Coin addiction: ugg!  |
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Moderator
United States
188770 Posts |
Quote:
I got my silver proof set in the mail today. I look at it and all I can think of is "Is this it"? Looks a little limp with the missing quarters.  |
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Pillar of the Community
United States
561 Posts |
As much as I hate to admit it, I'm actually thinking I'll buy the silver proof set this year, my first (and maybe only (except 2026 for the US birthday)) ever! The price is egregious, but for my type set I want silver proofs, and this gets me an ATB, dime, WCTD, and Kennedy all in the fancy 0.999 spec, and covers me for a shield cent and the modern portrait Jefferson. |
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Valued Member
United States
59 Posts |
I caved, haha I lasted 5 months  Now let me put it out there, I do not collect for the future $$. I clearly, (in just now paying $105 for a set that I only paid 65(?) for last year), collect out of pure emotion and the joy looking at the sets brings me. Hubs and I sat down and talked, his point was I've put more energy in talking myself out of this, then the energy it would take to just do it. Hahaha So now I wait, wait for the mint to ship, wait for the postal system to deliver, just over here waiting. And oh yea I turned my auto enroll back on.  |
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Pillar of the Community
United States
1373 Posts |
I just checked out the Mint's website and saw that the price for the upcoming AI dollars regular proof set is staying at $24. THANK-YOU! Now have to wait to find out the cost for the reverse-proof AI set. The cost for the 2020's was $46.00 for the four coins. I'd be elated if the Mint charges only $24 for this set too.  The savings would help me recover some of the money I spent for the multiple storage cases I bought for the 56 'intended' single coin packaging. |
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Replies: 34 / Views: 8,210 |
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Posted 04/17/2021 08:12 am
