Prestige Proof Sets - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 8 / Views: 8,264
snitchard Valued Member United States 420 Posts	Posted 02/28/2010 7:36 pm Hello, Can anyone point me in the right direction to learn about Prestige Proof Sets? I tried Google and The U.S. Mint website with no results. I'm wondering why only certain years were minted and why they are no longer minted. Here is a picture of my 1990 Prestige Proof Set. Please note that in my opinion a picture of any kind will not do the actual set justice. "Any coin magnified 100 times is not going to look good." That being said here it is. I love the beauty of this set. Thanks, Rich Report this Post to the Staff

jokingjoker Pillar of the Community United States 2150 Posts	Posted 02/28/2010 8:48 pm Funny,my dad just gave me one these, the same date, yesterday after cleaning out his work safe. Report this Post to the Staff
Eagles700LvL Valued Member United States 112 Posts	Posted 02/28/2010 8:57 pm Referencing the Red Book it looks like Prestige sets were issued in the following years. 1983 (Olympic dollar) 1984 (Olympic dollar) 1986 (Statue of Liberty half, dollar) 1987 (Constitution dollar) 1988 (Olympic dollar) 1989 (Congressional half, dollar) 1990 ( Eisenhower dollar) 1991 (Mt. Rushmore half, dollar) 1992 (Olympic half, dollar) 1993 (Madison half, dollar) 1994 (World Cup half, dollar) 1995 (Civil War half, dollar) 1996 (Olympic half, dollar) 1997 (Botanic dollar) Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/28/2010 10:58 pm I know one thing about them. They sure loose value for some reason. I used to have lots of them and ended up giving them all away for Christmas presents. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 03/01/2010 11:23 am Why were they minted? The idea was to create a new higher end proof set and to make it special it would include the commemorative coins issued that year.This also meant that they would include a silver proof coin. (At the time they began the Prestige sets there were no silver proof sets being made.) What years were they made? See Eagle700 answer above. Note they didn't make one in 1985. That was because they didn't have a commemorative program that year. why did they stop? The mintage figures give a pretty good clue. 1983 (Olympic dollar) 140,361 1984 (Olympic dollar) 316,680 1986 (Statue of Liberty half, dollar) 599,317 1987 (Constitution dollar) 435,495 1988 (Olympic dollar) 231,661 1989 (Congressional half, dollar) 211,807 1990 ( Eisenhower dollar) 506,126 1991 (Mt. Rushmore half, dollar) 256,954 1992 (Olympic half, dollar) 183,285 1993 (Madison half, dollar) 232,063 1994 (World Cup half, dollar) 175,893 1995 (Civil War half, dollar) 105,845 1996 (Olympic half, dollar) 59,886 1997 (Botanic dollar) 80,000 After the first few years of rising mintage, interest waned and then after the silver proof sets began in 1992 the mintages started dropping. After the last two years being under 100K it was decided that the interest level just didn't justify it. Report this Post to the Staff
jbuck Moderator United States 188440 Posts	Posted 03/01/2010 11:34 am I have a few of them (the one above included) that my mother bought me. Just Carl is correct, they were really bad at losing value. I think the people figured that out and with declining sales, the mint terminated the program. I do like the sets, but in my opinion they were way overpriced. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
dave92029 Valued Member United States 165 Posts	Posted 08/10/2010 5:51 pm I have several prestige sets, including the rare 1995 & 1996 sets. I'm interested in selling these sets, but I hesitate to go to ebay because an interested collector may not look while I have my sets listed. Any suggestions on where I can get the "best" price for my US Mint sets? Thanks Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 08/11/2010 03:37 am I don't normally collect NCLT. That's just my thing. I don't diappprove of NCLT, and for some coin dealers, dealing with these items can derive a fair proportion of their income. However, why is it that some NCLT just looses value? A lot of novice collectors start off with NCLT, perhaps attracted by the glossy advertising. I have seen precisely the same thing happen in Australia, with modern mint product. This can be a discouraging scenario for a new collector. Fortunately, for me I had been studying coins (mainly ancient) for 10 years before that, (and I still do), so I was hardly likely to be discouraged. In 1976 I was given an all silver proof set from one of the Pacific Islands. The set only had a limited mintage of 6000. That's a fairly small number. The quality of the coins and packaging was first class, however the set just kept loosing value, from which it has never recovered. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 08/11/2010 11:31 am Sel, look at your own post and you should see the answers to your questions. Novice collectors fall for the hype around the low mintage NCLT issues but most established collectors would rather have real coins instead of the NCLT stuff so there is little secondary market interest. So the prices fall and fall and fall. It's a lot like the high end modern US market. The dealers sell it at the high list prices but most of them have very little interest in buying it back at anywhere close to the "market" price. Why buy it back at the high prices when they can just make more for the cost of slabbing. Report this Post to the Staff
	Replies: 8 / Views: 8,264

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Main Coin Forum

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.33 seconds to rattle this change.