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Posted 11/15/2012 09:54 am
I agree that a lot of the cause of the low prices is inertia. But sonce 2008 there has been another reason as well; the poor economy. The weakness in the economy causes lower prices by masking the increase in the demand. Many middle class people are hurting and these are the people who own the raw sets after buying them from the mint. Each time a house is foreclosed or another middle manager laid off there is a good chance any mint sets in the house or the possession of the individual will be sold. Demand is so poor that this relatively small increase in supply will swamp it.
If you look at the prices of the sets in the last few years you'll see there's far less pressure on the pre-73 dates. This is because such high percentages of these are gone that relatively few are coming onto the market.
I believe that when the economy picks up the mint and proof sets will be one of the very first places it will be seen. The demand might not go up much but the supply will drop a lot and not be sufficient to keep up with even the low demand.
If you look at the prices of the sets in the last few years you'll see there's far less pressure on the pre-73 dates. This is because such high percentages of these are gone that relatively few are coming onto the market.
I believe that when the economy picks up the mint and proof sets will be one of the very first places it will be seen. The demand might not go up much but the supply will drop a lot and not be sufficient to keep up with even the low demand.
Time don't fly, it bounds and leaps.
