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Replies: 23 / Views: 2,386 |
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Member
United States
3242 Posts |
Amoazon99 the mintage number of the silver set is why the 2001&2004 are so high priced. they are the lowest since the 50s Just look in your Red Book and you can see the mintages of all proof set 
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Bedrock of the Community
United States
17884 Posts |
I don't have the mintage for the 2004 sets just the 1999 - 2003, but from looking at those I still don't understand the high price of the 2001 proof sets. The mintage for the silver set in 2001 isn't significantly different from the 2002, about 3,000 sets. The 10 piece clad set is only about 20,000 sets lower in 2001, and the five piece quarter set is actually 30,000 less in 2002. No, Proof set values make no sense looking at mintages.
As for the 2004 sets I think a lot of that has to do with the fact that they ended the order period early that year and a lot of people who were planing to do last minute buying of sets for Christmas gifts got shut out. But I don't know if the actual mintages are really that much less than the other surrounding years. People probably buy the 2004 sets because they THINK hey are rare because of the early cut off.
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Pillar of the Community
United States
7123 Posts |
Back in 1969 while I was filling my first whitman folder with cents taken from circulation ,,I knew I was a collector !! not because I was filling a book, but because of the passion that doing it raised in me .
IMO being a collector is not all about what we do ,its all about who we are inside .
Metalman
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Pillar of the Community
United States
2443 Posts |
Amac, I think you were talking to Chevy and not me. But I agree, they are the lowest minted since the 50's and that's why they go for so much.
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Bedrock of the Community
United States
20753 Posts |
As to how many collectors there are now. 2 million, 10 million, 125 million? All speculative. No one has any idea I'm sure. However, the people that write coin books, magazines, newsletters, TV shows on coins, coin show dealers all attempt to make the hobby sound like there is no end to the amount of people that are now collectors. Back in the mid 70's when they had those silly Bicentennial coins there were many articles about how there are now millions or billions of new collectors due to those coins. That failed. Now the State Quarters, Baby dollars, Weird Nickels also are supposed to have created fantastic amounts of collectors. Just to many people are like sheep. Follow the leader until it's to late. Anyone remember the Beanie Baby Boom that would never end? How about Baseball/football cards, Hot Wheel cars with red wall tires, Postage stamps, etc. Each started a craze that lasted for a while. Eventually the State Quarters will be on a shelf somewhere, the baby dollars will be on a shelf somewhre and all will be dumped back into circulation since even those people wake up. Not meaning to be a pesimist but I've been collecting for well over 60 years now and have seen way, way to many hobbies come and go. I firmly believe the amount of coin collectors being advertised is mainly being stated by people that make something in relationship to coins. When I was a kid there was only a Whitman Blue folder and a new thing called The Red Book. Now every place you go someone is selling something for coins. At coin shows some have tables full of coin collecting items and no coins at all.
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Pillar of the Community
United States
2443 Posts |
This is why I never liked the State Quarters that much because now the mint is going to make every coin "collectible". The quarters, the golden dollars, the gold spouse coins, the nickels, and so on.
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Pillar of the Community
United States
2271 Posts |
"On the State Quarters I don't think they will ever increase much. Main reason they not silver and the us mint made millions of them in that run of quarter's. They have no keys dates or such stuff like the old coins do. The other reason was the aftermarket flooded the market with painted , plated, alterations of them. The only ones I ever see that will be worth money are the 1999 silver proof sets, 2001 proof sets, 2004 mint sets. Reason lots them was taken part for books. I never could figure why the 2001 proof set and 2004 mint set is worth so much. I wish I knew why." Chevrolet Metallic composition has very little impact on numismatic value. An 1804 dollar is worth millions more than an 1880 $20 gold piece and neither contains more than $1000 worth of metal. Even an '09-S VDB cent is usually worth more than the gold piece. In many cases the value of moderns is CAUSED BY THE FACT THAT THEY HAD LITTLE METALLIC VALUE. People simply didn't save them because they had little value. The states issues are mostly made and saved in large numbers but there are numerous exceptions to this. There are the varieties and rotated dies for instance. There are also some of these that are elusive in nice well made and well preserved condition like the Delaware Philly issue. Investing in coins is very risky business but those collecting the states issues are, for the main part, just collecting coins. Whether it's profitable or not remains to be seen but so long as they're having fun they are already ahead of the game. Price will be determined by supply and demand. As always there will be a tendency for common coins to remain common and scarce coins to get scarcer. Any of these may go up or down.
Time don't fly, it bounds and leaps.
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Pillar of the Community
Canada
1106 Posts |
Whether someone who just stashes away State Quarters is considered a collector or not is not really an issue. Who is more of a coin collector. A person who throws the State Quarters into a drawer because he thinks they are neat looking and keeps them as more of a touchstone to a period in his life, or a person who hoards silver, copper and nickel coins for the sole purpose of speculation and melt values. The answer is probably neither, because most collectors have the drive and passion for what they collect and have a knowledge of the history of the coins they collect. The best we can hope for though, is the person just stashing away the coins might take it to the next level and become a coin collector.
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Replies: 23 / Views: 2,386 |