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 Replies: 10 / Views: 29,979 |
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Pillar of the Community
United States
1626 Posts |
This may seem like a silly question, but Why is the 1999 Silver proof set selling for so much? At first I was thinking mintage numbers, but looking in my Red Book I see the 2002 silver set has less and is worth less. 1999 Silver Proof set - (804.565) Selling on ebay for apx $380.00 2002 Silver Proof set - (764,479) Selling on ebay for apx $65.00 Do you think the value will come down after the State Quarters are done in 2008? |
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Bedrock of the Community
United States
14454 Posts |
first year of the State Quarters? I have noticed that the Georgia quarter in MS-67 lists in numismedia for $880.00 which is just wild to me, but all the quarters from 99 are simular |
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Pillar of the Community
 United States
1626 Posts |
Yea I guess it is the 1st year of State Quarters, but then again each year after that is the 1st year for those quarters as well, but I know what you mean. |
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Valued Member
United States
218 Posts |
quote:
Originally posted by Tpatna
This may seem like a silly question, but Why is the 1999 Silver proof set selling for so much? At first I was thinking mintage numbers, but looking in my Red Book I see the 2002 silver set has less and is worth less.
1999 Silver Proof set - (804.565) Selling on ebay for apx $380.00
2002 Silver Proof set - (764,479) Selling on ebay for apx $65.00
Do you think the value will come down after the State Quarters are done in 2008?
everything I've read says that this is a function of who bought the sets. If collectors bought them then they (the collectors) would have about how many they needed in their possession, but if the dealers bought the majority of the sets and then the collectors came along later then the demand for those sets in dealer inventory would cause the price to increase. Then dealers would pay higher prices to replenish their stocks and as long as demand doesn't colapse then the prices will remain high. This is the reason that the 2000 silver proof set is cheap and the 2001 set is expensive too. As for whether the price will fall after 2008, who knows, but I doubt it. |
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Pillar of the Community
United States
986 Posts |
quote:
Originally posted by Bryan1315
first year of the State Quarters? I have noticed that the Georgia quarter in MS-67 lists in numismedia for $880.00 which is just wild to me, but all the quarters from 99 are simular
Most of the numismedia prices for State Quarters are way off. Most of them can be found for under $100 in MS-67. I think that the 1999 Silver Proof Set is going for so much because it's the first year for the State Quarters. Hopefully the price will come down soon. |
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Pillar Of The Community
3147 Posts |
It is all about supply and demand. The 1999 sets are in huge DEMAND as the Statehood Quarter collectors have soared with need far greater than those produced. Of course, throw in a little hype and you got yourself a winner. Yes, I believe the bottom will fall out of the Statehood Quarters when the program ends as collectors and the general public will have their minds on something new and the quarters will fade from prominence. That is human nature! Only the real coin collectors will continue the course. |
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New Member
United States
16 Posts |
I'm not sure where u r getting your numbers from. The mintages I have as follows:
1999s silver 804,600
2001s silver 889,700
2002s silver 888,826 or 892,230 (different numbers on different cites)
Quite simply, the 1999s is the rarest and also the first year. Thus, should hold the most value. Until the last year or so 2001s silver sets were much cheaper. I think collectors finally realized that the mintages numbers were not that far apart and started buying the 2001s sets. What amazes me is that the 2002s set did not keep up with the 2001s set. Their mintages are almost as low (if not lower) and they sell for a third of what the 2001s set sells for. Makes me think the 2002s silver set is under valued or the other two sets are over valued. Personally I think that the 2002s set will catch up to the 2001s set within a couple of years.
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Pillar of the Community
United States
1626 Posts |
I stand corrected. I was looking at the Red Book and just realized I took the numbers from the 2002 5 piece Silver set which is the next line up. Sorry. My mistake. I still think the 1999 Silver set is way over price and I think they will come down. Thanks for setting me straight on the numbers.... Welcome to the forum SoHumble Tim Edited by Tpatna
09/20/2006 6:02 pm
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Rest in Peace
United States
3730 Posts |
I had two 1999 sets.
Gave one to my daughter for my grandson, who was born in 1999.
Looking through my proof sets I noticed I had 10 of the 1998 sets. Wish that had been the case for the 1999 sets.
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Valued Member
United States
390 Posts |
I'm not sure, but 1999 being the last year of the century could have something to do with it as well. If you have a 1999 set, it's last century, which may have some "desirability" value to some people, which may help explain some increased prices. I may be off in left field, but as a layman, it would appeal to me to have a 1999 set or a 2000 set, rather than 1998 or 2001, etc. Just a more rare "sounding" date. Perception is the key, I guess. Mintage numbers make more sense in relation to value, but sometimes you can't come up with a specific, scientific reason for differences in price.
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Valued Member
United States
157 Posts |
Eventually I think this overpriced set will come back down to earth. Fundamentally there's simply nothing that justifies its current price level when compared to other silver proof sets.
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Replies: 10 / Views: 29,979 |
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Posted 09/15/2006 11:06 am
