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 Replies: 16 / Views: 337 |
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Bedrock of the Community
 United States
36940 Posts |
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Pillar of the Community
United States
3498 Posts |
Be patient, prices should drop once the clad proof set is released. The late release of the clad set is keeping the available supply relatively low.
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Pillar of the Community
United States
1251 Posts |
I don't know about the clad version but the 2024 silver proof set is very expensive for what it is. Perhaps that's part of the mystery for why the 2024 nickel proof costs so much. But $50 sounds extreme. Set up a deal alert and you may find a good price eventually. It took me about a year of waiting but I recently picked up a full silver 2024 proof set for about half the going rate.
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Bedrock of the Community
United States
36940 Posts |
So there is no clad 2024-S proof set? If only a silver set was released in 2024 that would make sense. I was unaware of that. Thanks for responding.
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Moderator
 United States
193815 Posts |
It is 2026, that is the clad set still pending. The 2024 clad proof set was released in 2024 and 355,786 sets were sold along with 170,435 Silver proof sets. That means there are 506,221 2024-S proof nickels out there.  |
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Moderator
United States
104107 Posts |
That is a lot of nickels, but why are they so expensive? Hmm, I'm not too sure.
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Pillar of the Community
 United States
6823 Posts |
It seems like patience is advisable. Sold listings go from $20 for a fully graded PCGS or NGC coin. You don't need to pay $50 for a raw coin.
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Pillar of the Community
United States
1181 Posts |
This is one of the reasons why I don't have the 2024 s proof nickel as well.
And for 50 dollars, I'm not gonna have it any time soon either. Lol.
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Moderator
United States
193815 Posts |
Quote:
It seems like patience is advisable. Sold listings go from $20 for a fully graded PCGS or NGC coin. You don't need to pay $50 for a raw coin.  |
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Pillar of the Community
United States
1181 Posts |
It does also seem to be the consensus that 2024 was "lower mintage" year to some degree, even with millions minted. This I am assuming is also probably driving up the prices. If I am looking at these figures correctly, the 2024 Jefferson nickelsare the third lowest mintage year for the series. 1950, 2009 and 2024 seem to be the lowest mintage years. |
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Pillar of the Community
United States
6823 Posts |
Quote: It does also seem to be the consensus that 2024 was "lower mintage" year to some degree, even with millions minted. This I am assuming is also probably driving up the prices. If I am looking at these figures correctly, the 2024 Jefferson nickels are the third lowest mintage year for the series. 1950, 2009 and 2024 seem to be the lowest mintage years. The lower mintage numbers for 2009 and 2024 is for Philadelphia and Denver business strike nickels intended for circulation. In 2024, for example, mintage was around 80M, compared to 10x that amount in 2023. However, business strike coins have nothing to do with the San Francisco proof nickel strikes. Those mintages, around 300-400k, have been stable for several years. The current lower availability could be caused by many factors, but mintage probably isn't one of them. I would speculate that the proof sets are not yet being sliced apart in bulk and sold. |
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Moderator
United States
193815 Posts |
The market sometimes behaves in very strange ways.  |
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Pillar of the Community
United States
1181 Posts |
Quote:
business strike coins have nothing to do with the San Francisco proof nickel strikes. Those mintages, around 300-400k, have been stable for several years.
The current lower availability could be caused by many factors, but mintage probably isn't one of them. I would speculate that the proof sets are not yet being sliced apart in bulk and sold Yeah, and I get that. However, it doesn't mean sellers aren't using the opportunity to capitalize on the fact that 2024 for nickels, regardless of mint location, is generally a lower mintage year. Any way to make more money. There is no reason in the world why a 2024 CLAD Jefferson nickel should be 50 dollars. Should easily be 10 bucks or even under that. All my other proofs for Jefferson nickels after 2006 have been like 5-7 bucks or maybe even less then that. Edited by Humanist1287
Today 2H 58M ago
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Pillar of the Community
United States
6823 Posts |
Quote: There is no reason in the world why a 2024 CLAD Jefferson nickel should be 50 dollars. The proof Jefferson nickel is a solid 75/25 cupronickel planchet. The nickel is the same, regardless of whether it was packaged with the clad proof set or the silver proof set. Quote: All my other proofs for Jefferson nickels after 2006 have been like 5-7 bucks or maybe even less then that. Yikes. I think $1 is much more reasonable for those coins. There is a huge excess of proof nickels for those years because dealers cut up the proof sets for the ATB Quarters, American Women Quarters, and the Native American and Invention dollars. Same with the State Quarters and the pre-1965 silver proof sets. The proof nickel was the unloved coin for many, many different years. |
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Pillar of the Community
United States
1181 Posts |
If I go to my local coin store, the majority of proof nickels are probably between 2-5 dollars, depending on the year. The 1979 and 81 type ll proofs probably cost a little more. If purchasing from ebay, I think the lowest I've paid for proof nickels is around 2.50. I had purchased graded 1970-S that was only like 10 bucks awhile back. |
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Replies: 16 / Views: 337 |
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Posted Yesterday 10:42 am
