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 Replies: 15 / Views: 3,104 |
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Pillar of the Community
United States
742 Posts |
I thought $40 for 5 silver 2019 quarters was bad until I saw the "sold" prices for the 2020 set on ebay$65 and up What's the deal? |
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Rest in Peace
United States
18456 Posts |
Inflation  |
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Pillar of the Community
 United States
6524 Posts |
I'm thinking because it's the year 2020 |
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Pillar of the Community
 United States
742 Posts |
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I'm thinking because it's the year 2020
Are you saying there is something about 2020 that makes it special (other then covid)? For as long as I can remember, I have normally been able to get the silver proof sets for a little more then the spot price of silver I don't remember paying much for my last set which as the 2018 quarters Then I take a little rest from coins to focus on die cast planes and when I come back a lot of sets seem way over priced |
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Pillar of the Community
United States
617 Posts |
The US Mint original sale price for the 2020 Silver Proof Set was $105.00, as was the 2021 set which had only 2 quarters.
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Pillar of the Community
United States
7273 Posts |
The 2020 set also came with the W nickel. The only way to get the nickel in Reverse Proof was to buy the 2020 Silver Proof Set  Edited by hfjacinto
04/24/2022 1:04 pm
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Pillar of the Community
United States
742 Posts |
Quote:
The US Mint original sale price for the 2020 Silver Proof Set was $105.00
Thanks, it's helpful to know the original price Quote:
The 2020 set also came with the W nickel. The only way to get the nickel in Reverse Proof was to buy the 2020 Silver Proof Set I saw that but I'm just looking at the Quarters and they are selling for $60-$90 per set which seems way over priced |
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Pillar of the Community
United States
587 Posts |
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The US Mint original sale price for the 2020 Silver Proof Set was $105.00 The set was originally around $65. That's what I paid through enrollments. Then sometime around September they raised the prices to $105. |
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Pillar of the Community
United States
7614 Posts |
Supply and demand is what ultimately drives prices.
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Pillar of the Community
United States
2003 Posts |
Have you checked the price of the 2012s silver proof set?
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Moderator
United States
94992 Posts |
The price of the 2012's are higher due to a lower mintage I believe. (with the exception of the Denali and White Mountain quarters). 2012 is also the first year that the Mint produced a non-proof 'S' NIFC quarter.
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Pillar of the Community
United States
742 Posts |
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Have you checked the price of the 2012s silver proof set?
Why would I do that? I already have that set When my statehood collection was complete, I did the math on it, and I paid and average of $19.50 per set for silver proofs |
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Pillar of the Community
United States
927 Posts |
I bought every silver proof set between 1999 and 2019. But I didn't think the price of the 2020 set was worth the price. I will collect something else.
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Moderator
United States
187702 Posts |
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Supply and demand is what ultimately drives prices. Agreed. In this case, the market demand (and prices) for silver shot up during the pandemic and the Mint had to react accordingly. |
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Pillar of the Community
United States
1613 Posts |
Sunshine Mint of Coeur d'Alene, Idaho is the primary supplier of silver planchets for the United States Mint. According to a company statement, it is not a silver shortage but a production issue in filling orders brought on by increased demand. Sunshine also supplies several other world mints as well as their own bars and rounds for investors. Something else to consider when complaining about the huge increase from one year to the next, the Mint pays much more than the spot price, meaning the labor incurred by Sunshine employees and other factors. So with a shortage in planchets and an increase in outside cost incursions the mint has no real alternative. While they could return to in house planchet and blank production, one has to wonder if the cost to do so would be cheaper than from the private sector.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
04/25/2022 9:45 pm
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Bedrock of the Community
United States
17884 Posts |
Have you looked at the mintages?
2019 5 coins silver quarter set 69,908
2019 silver proof set 412,514
Total five coin sets available 482,422
2020 five coin silver quarter set 64,021
2020 silver proof set 313,376
Total five coin sets available 377,397
That's 105,025 fewer 2020 sets available, that is 22% fewer sets and add in the higher original price charged it makes the 2020 set expensive and probably will be for awhile.
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Replies: 15 / Views: 3,104 |
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Posted 04/24/2022 12:03 pm
