| Author |
 Replies: 12 / Views: 1,874 |
|
|
Valued Member
United States
457 Posts |
Back in 2012, like I do every year, I bought the silver proof set. I was updating my excel spreadsheet today and noticed that someone had sold it for $195 on ebay! If I remember right, I bought it from the Mint for somewhere around $60.00. So as the title says, should I sell it on ebay, or keep it and hope the value goes up? Also, why did the value go up so high for only that year? Thanks, new to the forums, Mark  |
|
|
|
Pillar of the Community
United States
4409 Posts |
 to the Community If I recall correctly, the US Mint cut off sales early for proof sets in 2012 which caught people off guard. I'd keep the set. -MV |
|
Valued Member
 United States
457 Posts |
Sounds like a plan. Thanks for the welcoming and info!
Mark
|
|
Pillar of the Community
United States
1116 Posts |
Over the past few years I've been in the habit of buying two individual proof sets (silver and non-silver) and setting on set of each aside for future trading material (which has happened yet and probably never will). However the option is there for me. The other set I use to fill up the old albums.
To me the availability of an extra set that is in short supply is like a savings bank. Its there is I need it. We know (?) that the value of a short set in availability terms most likely either remain the same or like a good bottle of wine get better with age.
I'm thinking of adding and additional set to my annual purchases in hopes of things like this.
|
|
Pillar of the Community
United States
1158 Posts |
I will just preface this by saying I really am no expert on this, but I feel like this is a bit of a short term price hike so I'd probably sell. I don't think in 5 years people will still be hot to get 2012 proof sets and the mintage is only about 20% lower than other years that don't carry a huge premium. I think those that didn't get it in 2012 are still fighting over them creating an artificial shortage.
|
|
Pillar of the Community
United States
927 Posts |
I too, have pondered this same question.  Problem is that I only have 1 of each silver proof set from 1999 to 2014. And if I sell the 2012 set then I have a hole.  I think I will be keeping my set, at least for a while.  |
|
Pillar of the Community
United States
4901 Posts |
Quote:
I don't think in 5 years people will still be hot to get 2012 proof sets and the mintage is only about 20% lower than other years that don't carry a huge premium. I think those that didn't get it in 2012 are still fighting over them creating an artificial shortage. The set contains the lowest mintage of any silver dime and half and are the key coins in that series. The value should hold well...there is nothing artificial about actual numbers. A couple of days ago just the raw 2012 proof silver half sold for $149.95 |
|
Moderator
 United States
187950 Posts |
Did you buy the set because you collect coins or because you wanted to make money? If the latter, the choice is easy.  If the former, well, you have some decisions to make! Selling the set means you now how have a hole in the collection. If you would rather fill other holes, that is fine; the sale would be worthwhile. However, if you ever wanted to refill that 2012 hole, it could cost you more in the future. Or less. No one knows. Go with your gut.  |
|
Bedrock of the Community
 United States
12816 Posts |
, Necer149. Personally I'd hang onto it if it's only the one set you have. Like Foxwoods, I think the value will hold well, then you have a hole that will cost you nearly the same to fill (or more considering eBay/PayPal fees will reduce your original profit) if you are collecting a set from each year. |
|
Pillar of the Community
United States
1158 Posts |
Quote:
The set contains the lowest mintage of any silver dime and half and are the key coins in that series. The value should hold well...there is nothing artificial about actual numbers.
A couple of days ago just the raw 2012 proof silver half sold for $149.95 The lowest mintage is not artificial, but the implied scarcity is artificial in my opinion. There were about 400,000 2012 minted. The next lowest is 550,000 in 1995. Those sell for <$50 all day long. I think in 10 years the 2012 will be just a hair above that in relative dollars. Right now people think "oh it's going to be rare, better snap it up while I can" and I just think after that dies down it's just another proof set that is not hard to find. Certainly it's not going to climb much higher. Again, totally opinion based. Nobody can really predict this stuff. Edited by tkbslc
08/22/2014 12:01 pm
|
|
Valued Member
United States
457 Posts |
I bought it for my collection, not really for the money since I had no clue that the mint would stop releasing them. Knowing that, even if I could make more money on it now opposed to later, I would not want to have a hole that I may have to spend a lot of money to fill in.
Thanks guys,
Mark
|
|
Pillar of the Community
United States
1247 Posts |
I think they will hold the value... in time, it will only get scarcer as coins are lost or melted.
|
|
Pillar of the Community
United States
506 Posts |
*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***
|
| |
Replies: 12 / Views: 1,874 |
|
Posted 08/21/2014 8:42 pm
