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 Replies: 24 / Views: 5,084 |
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Valued Member
United States
182 Posts |
The price of silver spiked today, making the 2009 set, at $29.99, a steal. Based on silver close, it makes the cost, averaged over all six proof quarters- $ 0.86 cents.
Less than six bucks for all six, after adjusting for the price of silver. The proof 70, should you get one or two, make this a true steal. If you want, sit on it and wait for silver to outpace the value of the set. I made this recommendation last year to my Doctor, and he dismissed the suggestion outright "What if silver falls?" he asked wryly.
I am gonna go bulk up on unsearched mint proof quarters at almost bullion cost. You should too. Time will validate this purchase. Soon.
Eighty six cents per coin. Jeepers.
They might as well be giving them away.
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Pillar of the Community
United States
1409 Posts |
I also thought that the 2009s were underpriced, and since July have picked up 7 sets at under $30 in various auctions, shops. There are some good deals on the silver proof sets, but you have to really look. Patience is key.
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Valued Member
United States
364 Posts |
How much do they generally charge for shipping?
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Pillar of the Community
United States
1409 Posts |
I usually try to stick to very low cost or free shipping auctions. Again - you just have to shop. I've had the best prices at flea market for proof sets - but haven't been since August.
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Pillar of the Community
United States
2734 Posts |
The 2009 Silver Six-Quarter Set has over $25 in melt value (as of today). If silver hits $27.60/oz., the Set will have $29.95 in melt value. I bought four more of these Sets last week.  As for your Doctor's question, even if Silver fell, these are low mintage Proof Sets that will always have more numismatic appeal than the bullion A.S.E.'s churned out in great numbers for 2009. ( 294,530 2009 Silver Proof Six-Quarter Sets [as of Oct 3, 2010] vs. 30,459,000 bullion 2009 American Silver Eagles) A win-win situation!  Edited by DNA
10/06/2010 9:47 pm
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Pillar of the Community
United States
2734 Posts |
A year ago on CCF, I suggested that it would make sense to buy the 2009 Full (Clad) Proof Set and the 2009 Six-Quarter Silver Proof Set (for $59.90 = $29.95 x 2) instead of the 2009 Full Silver Proof Set at $52.95. Because for $6.95 more than the Full Silver Set alone, you got two Sets, with boxes and COA's. (By choosing the two instead of the Full Silver Set, you didn't get the silver Proof Dime and Half-Dollar, but you did get two Proof Sets of Quarters, silver and clad.) My reasoning: you would be able to sell the Silver Six-Quarter Set if silver skyrocketed in price, and keep the Full Clad Set as a numismatic item. Versus if you bought the Full Silver Set, you would have to sell the whole Set or break out the silver coins to cash in on a high silver price period. This was more of a "long-term" strategy, or so I thought until very recently...  The one minor flaw: If silver goes past $50/oz., the melt value of the Dime and Half-Dollar from the 2009 Full Silver Set may exceed the Greysheet bid value of the 2009 Full Clad Set. (At which point you'd be able to sell your Six-Quarter Silver Set for double what you paid for it, so no big fail here.) Then again, large numbers of 2009 Clad Sets were broken up for those Copper Cents, which is not bad news for those who have intact 2009 Clad Sets. And, if you sell the Six-Quarter Set for the $59.90 that you paid for both Sets in 2009, you could think of it as effectively getting the 2009 Full Clad Set for * free!* Edited by DNA
10/06/2010 10:05 pm
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Pillar of the Community
United States
6326 Posts |
Well, all I know is that I have 2009 "numismatically" covered VERY well. Maybe not the "silver investing" ideas here.....but good enough for me. I got P&D Uncircs P&D Satins Proofs Silver Proofs Rolls Plenty of singles in coin tubes First Day Coin Covers ..................................................... And, I have all possible Sets of them in O.G.P.'s And also bought extra to crack open for my albums. So, though I'm mighty tempted to go out and get some more of these Silver Qtr sets......I really don't "buy & sell" depending on the market....in fact I've never sold a coin in my life.....so I'm sticking with my normal operating proceedure. I would hate to look back 30 years from now and WISH I'd have bought a bunch of these when I had the chance though ! .....  |
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Pillar of the Community
United States
2734 Posts |
Quote:
eaglefoot: I've never sold a coin in my life. Me neither. (Anyone like me who's saved junk silver for 30 years and hasn't sold even one thin Dime of it, is waiting for a big payday!) I have the Silver Proof Sets from 1992-2010. My 2009 Clad Proof Set is my only post-1991 Clad Set. Initially, I was going to stick with the Full Clad Set and the Six-Quarter Silver Set, but I ended up buying a Full 2009 Silver Proof Set as well. Buying extra Proof Sets as "bullion" may seem to be a contradiction, but the math figures on the 2009 Six-Quarter Silver Set are very favorable at present. Nothing wrong with having low-mintage "bullion" with numismatic appeal!  Edited by DNA
10/06/2010 10:49 pm
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Pillar of the Community
United States
1285 Posts |
Dna, I went through a similar exercise as you did except I opted for the "full set" of silvers. Here was my analysis back a year ago. I contacted a seller on ebay as this person was selling a whole lot of things that had been dismantled from the "full set". His reply was that he had close to 300 full sets broken apart and sold piece by piece. His explanation was that even though it was time consuming he actually made more money breaking the full set apart. Not sure how many others did this at shows etc as a lot of this had to do with the, dime, half dollar, 4 pennies, Guam and puerto rico quarters as well. For some reason those 2 silver quarters were commanding a higher price as well a year ago. The numbers even though higher than the 6 quarter set -- Full set numbers were lower than the 1999S set. I know we are somewhat straddling here but 2009 in some ways has it's own theme (4 pennies, 6 quarters). So to circle back to our analysis -- Your's has the silver going for it, Mine has the "full sets" with COA. Time will tell. Very interesting. |
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Pillar of the Community
United States
2734 Posts |
Interesting. Around here, I haven't really seen any evidence that 2009 Full Silver Proof Sets have been broken up in any more than the "usual" quantities. The 2009-S Silver Dime and Half-Dollar (the two coins unique to the Full Silver 2009 Set) are not very frequently seen as raw 2x2'ed coins in dealer cases. Contrast that with the Full Clad 2009 Set, where at one coin show (Denver Coin Expo), under one roof (okay, a coliseum roof, still...), I saw enough loose blue 2009 lenses to amount to over one thousand of those Sets having been broken up. Of course, if 2009 Full Silver Sets were not broken up in nearly the proportions that their Clad relatives were, that would leave more room for an industrious ebay seller to make a profit by breaking up Full Silver Sets. Quote:
Full set numbers were lower than the 1999-S set. That makes me glad I 'revised' my strategy and bought one of those! If Silver did fall, it would be better to have your Full Sets than a bunch of Silver Quarter Sets... Edited by DNA
10/10/2010 10:23 pm
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Pillar of the Community
United States
2541 Posts |
I received the 2009 silver proof set as a gift, which I was quite pleased with. I think I may ask my in-laws for silver proof sets every Christmas going forwards.
As for the "never selling junk silver", I finally broke down and sold 4 rolls of 40% Kennedy's and put the proceeds into a 1890-CC Morgan. I think the Morgan will do better over time since so many people turn their noses up at 40% silver. It's also part of the CC Morgan set I'm working on. I figured the full set of Morgans will have to go on hold for a while. Some people just get way too carried away with the amount of money they spend on those things!
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Pillar of the Community
United States
6326 Posts |
Quote:
I finally broke down and sold 4 rolls of 40% Kennedy's Gothic Florin......If you don't mind me askin'.....where did you sell these four rolls, and how much did you get for them ? With silver being so high right now.......I have thought about taking my 40%ers down to the coin shop. I'd prefer to wait about 30 years....but it IS very tempting ! Problem is.....while " I " would like to use the "sale" of them to go towards "coins"..... the wife would have other ideas, I'm sure !.....  Edited by eaglefoot
10/11/2010 10:35 am
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Valued Member
United States
463 Posts |
check out the bay, 27 shipped for the 2009 silver quarters
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Pillar of the Community
United States
2734 Posts |
The auction bryan1234 referred to.No box or COA, but can't complain too much for the price... Quote:
...so many people turn their noses up at 40% silver That's why I found so many of them in circulation in the 1980's. When Silver was $4 to $5 an oz., they were worth barely more than face value. (one 40% JFK @ $4/oz = 59 cents melt value)
Edited by DNA
10/11/2010 8:00 pm
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Valued Member
United States
463 Posts |
yep thanks what I was referring to
also where are you guys getting these #s from
294,530 2009 Silver Proof Six-Quarter Sets [as of Oct 3, 2010]
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Pillar of the Community
United States
584 Posts |
I love junk silver. I've posted this before but I was new at buying coins and collecting and not really set yet on what I really liked. So I came across this great listing by suncoins on ebay. Unsearched Silver Lots all pre 1964 no War Nickels. I paid $162 for a little over 7oz. Did find some really nice coins. When I added everything up I always got what I paid for. Most of the coins could be found in Dealer Junk Boxes I later found out much to my surprise. But none the less I did get some really nice coins. I posted the 1949D Franklin on the Grading Thread on this forum. I wouldn't mind posting some of them. That is if anyone's interested. I went on to buy three of these lots. The thrill of seeing what was in their I think was the best part for me. I wouldn't look into the envelope after I opened it. I would just unwrap them and pull one by one out. Looking each one up as they came out. Now I would invest that money a little different :-) Like Gothic Gothic I almost bid on some 40%er rolls on the bay but it was just a little to high when I came across it. Nice Job. I think I lucked out going with the seller I did. Being so new and naive I really could of got taken advantage of. I dont know how some of these guys get away with what their doing. |
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Replies: 24 / Views: 5,084 |
Posted 10/06/2010 09:12 am
