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US Mint Statehood Quarter Proof Sets

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Mikeymus's Avatar
United States
110 Posts
 Posted 11/01/2015  3:03 pm Show Profile   Bookmark this topic Add Mikeymus to your friends list Get a Link to this Message Number of Subscribers
I just picked up the 1999 2000 and 2005 proof sets for under $10 each on ebay from 2 different sellers. I don't know if coin tracker is accurate but they have 2 different values for the S mint mark proof coins for each state one says $8 and the other says $50. So if that is the case then each set I purchased is either worth $40 or $250 and either way I am ahead money wise with what I purchased them at being under $10 each. So would it be worth it to pick up the other 7 years?

http://www.ebay.com/itm/12168605987...RK:MEBIDX:IT

http://www.ebay.com/itm/13132961727...RK:MEBIDX:IT

http://www.ebay.com/itm/20120481287...RK:MEBIDX:IT
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TheForce's Avatar
United States
4867 Posts
 Posted 11/01/2015  3:15 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
The silver proof set quarters are worth much more than the standard proof.
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Mikeymus's Avatar
United States
110 Posts
 Posted 11/01/2015  3:19 pm  Show Profile   Bookmark this reply Add Mikeymus to your friends list Get a Link to this Reply
Would the silver proof be the ones with the red background on the slab or the blue ?
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 11/01/2015  3:29 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
Silver proof sets have the red, clad is blue
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Biedercoins's Avatar
United States
1601 Posts
 Posted 11/01/2015  4:15 pm  Show Profile   Bookmark this reply Add Biedercoins to your friends list Get a Link to this Reply
I just checked the links to the coins you bought and they are the clad variety. Nice coins, no doubt, but if you are looking for a quick buck, you'd best hold off.
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Mikeymus's Avatar
United States
110 Posts
 Posted 11/01/2015  4:21 pm  Show Profile   Bookmark this reply Add Mikeymus to your friends list Get a Link to this Reply
just as long as I am ahead moneywise I am just fine. Didn't the clad sets usually run around $20 a set new? After all since the coins in these sets are $8 a piece these sets just paid for themselves if I bought the other 7 years.so I guess the whole 10 year set would be a good investment right? and If I sold the whole 10 year set for $250 to $300 that would help to fund picking up the silver proof sets .
Edited by Mikeymus
11/01/2015 4:30 pm
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Biedercoins's Avatar
United States
1601 Posts
 Posted 11/01/2015  5:53 pm  Show Profile   Bookmark this reply Add Biedercoins to your friends list Get a Link to this Reply
The issue prices on these sets were $13.95, 13.95, and 15.95.
I love your enthusiasm, but I did some checking and complete sets (1999-2008) that have actually sold on the Bay during the past 2 months range from $40-75.
I really hate to be be pessimistic, but Red Book values on the sets you already own are $6,6, and 4. The problem with resale of these sets is that they produced about a million of the 5-piece sets plus the regular full mint sets which included the clad quarters and the silver versions of the above. Again, unless you want the your own full set of the 5 piece clad quarters, I'd hold off. But that's just my opinion.
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atticguy's Avatar
United States
1373 Posts
 Posted 11/01/2015  6:50 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
I'm not sure where you got your $8/coin values at. When I bought all of my clad and silver proof State Quarters, I used the Greysheet for the low 'buy' number and the RedBook as the high 'buy' amount.
I paid $1.60 each for the 15 coins (three years) that you bought.
Yes, prices are high to get the sets from the Mint, weather you just buy the quarter sets or the complete year. I buy everything from the Mint now-a-days and know that I'm paying triple (or more) of their value, but at least I do know that I have EVERYTHING and don't need to hunt for certain coins all year long.
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Conder101's Avatar
United States
17884 Posts
 Posted 11/02/2015  5:26 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
After all since the coins in these sets are $8 a piece these sets just paid for themselves if I bought the other 7 years.so I guess the whole 10 year set would be a good investment right? and If I sold the whole 10 year set for $250 to $300 that would help to fund picking up the silver proof sets .

You might get $8 for slabbed PF-70 coins (PCGS or NGC) but for raw unslabbed coins you will be lucky to get $2-$3 each retail. Sell them wholesale to a dealer you might get $1 each. No they aren't a good investment. Look at it this way how good an investment can they be when you are able to buy them years after they were made for 30 to 50% LESS than they originally sold for, and from sellers that probably have access to the same pricing information that you do. That information is easily available and if those coins were really worth $8 each they wouldn't be available for $10 a set.
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