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 Replies: 25 / Views: 4,274 |
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New Member
United States
4 Posts |
Hi. I'm new to the hobby and picked up a few coin sets. Some of them are 2012 mint sets. Upon research I realized that 2012 are worth A LOT more than 2013(even less minted) or other recent years. What is the reason behind this? Is it just a price bubble and they will go down in price? (like 2009 sets I read they were high $ couple years ago and now they're like ~$60) Is it worth it to keep them for a couple years or should I sell them ASAP and use the funds on other coins? Thank you for your help   Edited by RXM9600
06/09/2016 12:43 am
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Moderator
 United States
14463 Posts |
In 2009, the set included the four coins celebrating the 200th anniversary of Lincoln's birth. |
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New Member
 United States
4 Posts |
Fuzzy sorry I got my years mixed up in the original post. I fixed it now.
I meant to say that 2012 are worth a lot more than other years for some reason and I can't figure out why.
In my research I found old threads of other proof set prices being high but when I looked up those specific sets those prices are barely up at all(price decreased).
So I'm completely confused now.
Edit:
Example 2009 mint proof is $37.70
2012 mint proof is $144.98
That is a huge price difference and I can't find out why?
Will the 2012 burst and go back down to sub $80?
Edited by RXM9600
06/09/2016 12:52 am
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Bedrock of the Community
Australia
21786 Posts |
The Mint will always price new product at the highest price that they think that the market will bear. They are under an obligation to return the biggest profit that they can to their owners, which, after all, are us, the taxpayer. The aftermarket has quite different ideas as to what a mint product may be worth. Usually, but not always, the aftermarket price for mint product is significantly lower than the new release price. That, generally speaking, makes current release mint product a poor investment. Put your poor investment potential into other areas of numismatics !  |
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Valued Member
United States
424 Posts |
2012 was a strange year for mint sales. For some reason that I do not know the US mint unexpectedly stopped sales of the mint and proof sets before the end of the year. Normally these sets can be purchased from the mint for about two years, I can still buy a 2015 dated proof set from them right now. This has caused the price of the 2012 sets to be higher than subsequent years despite the fact that mint ages are similar and in some cases lower. If this is a bubble that will burst it may take some time as it has lasted four years now. As for an investment I think classic coins or silver/gold is a better place to put your money, modern clad coinage just will not maintain a high market value over the long run. On the other hand I own these coins because that is what I enjoy collecting and I am not looking for any sort of return on my purchase.
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Pillar of the Community
United States
4901 Posts |
I purchase only the silver PF sets and the price bump for that year is significant due to the low mintage silver Kennedy half. The half alone sells for around $130 raw and over $250 in PF 70 grade. ..and... |
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New Member
United States
4 Posts |
Oldephriam thank you for the information, I had no idea they cut the sale off.
It does make sense that 2012 year clad & silver proofs will continue to go up in value then right? As the quantity is not that high and as the years go by it will be harder and harder to get these so do you think in say 10 years the value would be higher than it is now?
Foxwoods after I learn this I'm on the hunt for the silver proof now. I think the person I got these from also has the silver proof for substantially less then the going rate. Will update if I get it
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Pillar of the Community
 United States
4591 Posts |
I don't think you can assume anything about value. The question is how many people care to buy them and will care over time.
The pricing on slightly older sets, say 1990s and 2000s is instructive - they sell at coin shows for $10 or $20 with large boxes of them on the junk side of tables.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
11951 Posts |
My opinion
When the mint stopped the sales of the sets in 2012, the sets got hyped
and everyone wanted one ... The price went high.
Since then it has been slowly coming down in price. As the Op posted
there are other years with lower mintage with lower prices.
I think over the coming years we will see the 2012 prices come down.
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Pillar of the Community
United States
4591 Posts |
GR58 - agreed.
Also sets of any year are tough to sell. Coin dealers find that they sell slowly (if at all) and at minimal prices. They take up a lot of storage space. So we've seen several threads that coin shops won't even make an offfer to buy them. It's just not worth it...
Got so bad that last year dealers were buying them for a song, picking out the nice coins to have slabbed and then I don't know what they did with the rest. Spent them maybe. Mostly late 50s and early 60s.
Bought 100 sets at $10 each.
Cherry picked 50 quarters and 50 halves to grade at $10/ea (bulk)
Total cost = $2100 (shipping)
Return
Left over coins at face $53.50
Sold 100 coins at $25 ea - 2500
Net profit (2553.50 - 2100) = 453.50
Divide by 20 hours preparing and 50 hours at coin shows selling = 6.50/hr
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
4901 Posts |
Yup, but the facts are that this set (silver)...4 years later... is still selling for well over $200...clad around $100 ...decent in my book. Most other Mint sets sell at a discount
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Bedrock of the Community
Australia
21786 Posts |
With the Mint manipulating the sales volume, they are indirectly manipilating the sales prices, both in the new product market and, to al lesser extent, in the aftermarket as well.
The reason for doing this, is to keep collector interest up. They have a responsibility to maintain the price reputation of their products. It is an indirect way of maximising the profit level from new product sales.
Their market research people will advise them of how many and what types of new product can be sold to maximise profits.
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Bedrock of the Community
United States
11951 Posts |
Even though the 2012 set is currently selling at a good premium, doesn't mean it will hold that price long term. The 1999 silver proof set held a good price, in the $300 range. It did start coming down, now can be bought at less than $100. I have 3 or 4 sets of 1999 silver proof quarters, guess I should have sold them years ago. The 2012 set could hold most of the value until after the ATB series is over. It really does not make since that other years have lower mintages and much lower price. I was working at the coin shop today. A customer was trying to sell silver proof sets, a 1956 and 1999 through 2013. He had already been to two other dealers. All three dealers were between $450 and $550 for the group of coins. I believe all the dealers were pricing the 2012 set closer to $100 than $200. The customer thought all the prices were low and did not sell. I did suggest he could try ebay, didn't sound like he wanted to do that. When dealers don't want these sets, because they sit on the shelf for many months, than they will not pay much. Long term this will help bring the prices down. Of course ... Others will have a different opinion. |
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Pillar of the Community
United States
4901 Posts |
I agree that there is no guarantee that the 2012 sets will hold their value but conversely there is no guarantee that they won't increase in price. I consider four years a decent time frame for price stabilization and not in the same ballpark as flip pricing. If a coin hasn't gone anywhere in 4 years then it probably has seen all the value it will see...if it is still priced well then it PROBABLY will be fine. A 2008/07 W MS70 ASE sold in the $225-300 range 6 years ago and the raw for $120-150 and that was considered unsustainable...well that one sold a few days ago (NGC) for $1095..(MS69 for $515) ....ya never know A dealer will not offer anywhere near what the present price is for specialty items...1) because he might not be into them and 2) he has to make a profit. I remember a poster that had a low POP MS70 ASE that sells for well into the thousands and a dealer offered him crap for the coin. Wrong item for that venue.... The facts are that the 2012 silver sets actually sells for (yesterday) $220 and (Thursday) $232.50 and $230. Those are real and obtainable by anyone who makes the effort to present them in the best place to get the best price. Even after deducting fees the payment is still in the $200 range not $100 Now if you are BUYING such items the best place MAY be those uninformed dealers/flea markets/etc. It may work in your favor Edited by Foxwoods Man
06/11/2016 07:39 am
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Valued Member
United States
424 Posts |
In my previous post I did not intend to imply that the 2012 proof/mint sets had any potential investment value. IMHO I think they are over valued and the price will continue to drop at a slow pace over the next five or so years then it will drop dramatically. Really, both my crystal ball and my genie in the bottle agree about this. Seriously though, I do not think there is any modern clad coinage that will maintain the type of value that will make for a good investment. As an example I was able to wait patiently and obtain the 2012 clad proof set for free. On the other hand I was impatient and purchased the 2012 silver proof Kennedy half dollar for $80. If I had waited I would have been able to get this coin for free also. Be patient and good things can come your way. Do not invest in the 2012 sets they are way over priced. |
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Pillar of the Community
United States
4901 Posts |
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Replies: 25 / Views: 4,274 |
Posted 06/09/2016 12:50 am
