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 Replies: 7 / Views: 1,650 |
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Valued Member
United States
245 Posts |
Why has this set appreciated so well? I've seen it selling for way over $100.
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CCF Master Historian of USA Commemoratives
 United States
12270 Posts |
The 14-piece 2012 Proof Sets (Clad and Silver versions) were taken off sale without advance notice and it caught many collectors off guard - e.g., those who wait until the end of the year to purchase their sets.
This resulted in about 180,000 less silver sets being produced/sold vs. the previous year (2011 - ~574,000 vs. 2012 - ~395,000) and about 306,000 less clad sets (2011 - ~1.1 million vs. 2012 - ~794,000).
The market reacted to this "scarcity" and almost immediately generated a rise in market value.
IMO, the inflated market price for the 2012 proof sets is based more on the perception of scarcity than on actual scarcity/demand. If you look at the sales number for 2013 and 2014, you'll find that the mintage for the 14-piece silver sets is less than 10% higher than in 2012 but their market values are a fraction of the 2012 set. For the clad sets, the mintage for the 2013 set is about 1% more (~8,000) and for the 2014 set it is actually about 15% less (~115,000) yet the market price is higher for the 2012 sets!
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
4211 Posts |
 with commems EXCELLENT reply. The only duplicate silver proof set I have is the 2012. I have no need for it but I don't want to turn loose of either. |
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Valued Member
 United States
245 Posts |
Great explanation, I assumed it was a perceived scarcity deal. 794,000 is hardly scarce, lol, try collecting Libertad proofs for a dose of TRUE scarcity. This year's mintage of 13,000 one ounce silver proofs has collectors upset because they usually number far less.
My son has every clad proof set since 08', and last night I was looking at them and noticed the 12 set had done really well. Thanks!
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Valued Member
United States
467 Posts |
I have already seen what I perceive (may be right or wrong) of lowering of these prices just in the last year. I used to see 2012 Silver, as an example, go for $210 regularly on ebay and now I see them at $185-$190 pretty regularly. Just like the 1999 silver, which is now in the $70ish range most of the time. I assume the 2012 clad proof will continue to come down over time also. |
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Rest in Peace
United States
17900 Posts |
For those collectors who must have one of each set I'm thinking that most of them have found a 2012 set in the last 4 years.
The lowering of the price probably has something to do with fewer collectors still needing a set.
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Pillar of the Community
United States
1027 Posts |
Let's not forget that market prices are not simply based on the total number of coins or sets minted, but also on the number currently available in the marketplace. Items that were mass produced but that are being held tightly by either collectors or speculators tip the supply/demand ratio. This condition is prone to being very fluid, far more fluid than items that truly exist in small numbers. Coins like the 2001 Buffalo Dollars and the 2006 Franklin Dollars have softened in price/value significantly since their initial peaks and the same can be expected to be true of many modern issues that have truly large mintages.
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Bedrock of the Community
 United States
12819 Posts |
Great points, everyone. It's really an education on how the collector market works.
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Replies: 7 / Views: 1,650 |
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Posted 12/09/2016 09:49 am
