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Silver Mint Proof Set Value?

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Pillar of the Community

United States
1189 Posts
 Posted 04/06/2015  7:05 pm Show Profile   Bookmark this topic Add LibertyEagle20 to your friends list Get a Link to this Message Number of Subscribers
So all the talk of 2009 coins has made me want to pick up some sets before the value goes up (hopefully). I started looking into the silver sets and am a bit confused. For example the 2009 silver proof set contains face value of $7.19 with 8 coins being silver (5 dollar coins, half dollar, 6 quarters, 1 dime, 1 nickel, 4 pennies). This set sells for between $40-55 on ebay. It had a mintage of 697,365. Then you look at something like the 1999 silver proof set. It only has a face value of $1.91 and contains 9 coins (5 quarters, half dollar, nickel, dime, penny). It has a mintage of 804,565 and sells for $70-100!

I haven't dug into the value of other years but why for example is the 1999 so much more expensive than the 2009? The 2009 has more silver, more coins/face value, and a lower mintage! What am I missing here?
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/06/2015  8:15 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Why some mint products prices are not priced logically.

My opinion.

First the 2009 set is not really in the State Quarter series, though many
include it.
State Quarters 1999 - 2008.
Territories 2009
ATB 2010 - 2021.

The 1999 set is one of those products that when it came out, there
was a lot of interest. Collectors did not order them when they were
available from the mint. There was so much interest that the price
was driven up to $300 or more. Over the last several years that
price has been trending down. As interest goes down, so does the
price.

Right now some of the better priced modern sets are 1999, 2008 and 2012.
I am one of those that think the 2009 sets is under valued.

But there has to be something that will generate interest. I am hoping that
in the future, the album manufactures will produce albums that include
all the differnt coins. To include Satin coins and bronze P and D coins.
Of course this would make the 2005 to 2010 mint sets to increase in value.
The 2009 mint set may have the best chance to increase in value,
because it has the satin coins and the bronze Lincoln cents.

The 2009 silver proof set, being one of the lower mintage sets, should
mean it would have better value. But we come back to, it has to have
more interest. Silver proof sets should be the most desirable, we just
have to see what will happen in the future.

If your looking for coins that will increase in value in the short time, these
might not be a good choice. If your looking long term, 10 to 20 years or
more, then it might be a good idea to pick up a few of these sets.
Pillar of the Community
AlbumAccumulator's Avatar
United States
656 Posts
 Posted 04/06/2015  9:00 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
Good question on the 1999 silver set. I believe those sets had a 2 per household limit which kept the initial availability on the secondary market limited. 16 years later, the sets are plentiful so they may go even lower. I just picked up a set on the low end of the price range. I still need the 2012 silver set but I'm not going anywhere near that thing for at least a couple of years.
Pillar of the Community
United States
1189 Posts
 Posted 04/06/2015  9:22 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Yeah it's odd. Maybe that "2 per household" rule drove the price up on the 99. I was able to pick up a few of the 09 uncirculated sets for $22 each on ebay as well. Those have a FV of over $13 so I thought it was a decent price. I was mainly interested in the copper pennies. As GR58 said it might take a while for their value to increase but I think the price is good now. I'd hate to have the price skyrocket in 10-20 yrs and not be able to afford them!
Pillar of the Community
United States
1189 Posts
 Posted 04/07/2015  6:55 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
I gotta ask - why is the 2012 set so high?
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 04/07/2015  10:16 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
I gotta ask - why is the 2012 set so high?

g
I love modern coins and sets.

But to know why some coins and sets go so high is just
a guess.

My best guess. The mint stopped selling this set early,
put it in sold out status. It did make is a lower mintage
set. Then dealers and online sales start telling collectors
that this is the set to have and start driving the price up.

To me it is funny they drove the price up so high, because they have always been available.

This happens every few years. Collectors are told something
has more value than it should, and the price goes up, most
of the time ... to high. And then that product will start a
slow decline.
Pillar of the Community
Nickel Guy's Avatar
United States
604 Posts
 Posted 04/07/2015  10:19 pm  Show Profile   Bookmark this reply Add Nickel Guy to your friends list Get a Link to this Reply
GR58 said it best in two words....collector interest.

Take the 1950-D Jefferson nickel for example. When people found out it was the lowest mintage of business struck Jeffersons, they were quickly plucked from circulation. Before you knew it, a circulated roll was going for $1000 ($25 a piece).
Today the collector interest is still there, but not nearly as strong as it was in the 1950's. Now you can aquire a circulated one for less than $8.
Edited by Nickel Guy
04/07/2015 10:20 pm
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