| Author |
 Replies: 9 / Views: 1,967 |
|
|
Valued Member
United States
314 Posts |
We all know that there are instances when today's hot item, is tomorrow's common item. Items that are not so popular during their time, can often become the sought after coins many years later. Let me provide a current example, and maybe someone could explain this for me. The 1999 Silver quarters carry quite the premium, $40-$50 a quarter. 804,565 of each quarter was minted. The following three years, the mintage was higher, but not much at all. I have, and can still get these others for melt, or 4x-5x less. What is the rationality behind such an increase in price, when the mintage isn't extremely different? A better example would be the 2008 Silver proof Kennedy half. The mintage on these are LOWER than that of the 1999 quarters. 774,874 of these were minted. So why can I pick these up for $18.00, when they have a lower mintage than the quarters costing $40-$50 dollars each? |
|
|
|
Pillar of the Community
Canada
838 Posts |
Regarding the 1999 silver quarters, maybe a bunch of people started a "collection" with all the hype early on and then gave up. Or do shopping networks own them all?
|
|
Pillar of the Community
United States
1064 Posts |
I would think that's really it, that 1999 was the 1st year, and there really was a lot of hype, the young collectors' program, lottsa media coverage, everyone was buying!
|
|
Pillar of the Community
United States
3184 Posts |
If I'm correct values have been dropping on the 1999 set? About the kennedy you mentioned, I think with silver this high, most of these are going for melt. However if silver drops, you bet numismatic value would take its place
|
|
Valued Member
United States
277 Posts |
I would say because quarters are a more well known and well used currency than halves. I know they both are silver but 800,000 quarters is actually alot less than 800,000 halves because halves aren't used as much.
|
|
Valued Member
 United States
314 Posts |
@rkrj I don't think that statement applies to the silver proofs. People don't use silver proof quarters any more than they use silver proof halves.
Edited by ayejay1974
04/24/2011 5:57 pm
|
|
Valued Member
United States
309 Posts |
So it's 800,000 for each design on the '99 quarter?
|
|
Valued Member
United States
310 Posts |
I think it just has to do with set popularity. The quarter is far more popular than the half.
There's plenty of low mintage halves. even some recent standard issues have mintages around or below 2 million, yet you see people collecting 2009 dimes which has many times that many minted.
Mintage is just one variable, desirability is another.
|
|
Pillar of the Community
United States
1031 Posts |
Quote:
So it's 800,000 for each design on the '99 quarter? Yes, there were 804,565 minted for each of the 5 designs of the 1999 silver quarters. |
|
Bedrock of the Community
United States
17884 Posts |
One of the reasons for the current high price for the 99 silver proof quarters is because they were hard to get and a relatively low mintage for a very popular item back in 1999 and 2000. That caused their value to go WAY up. Today even though they are now known to be no scarcer than most of the other dates, (And I think even more common than a couple) they retain that high price because of their historical status as a "key date". Eventually I would expect they will finally drop in value to just a little more than the common date silver proofs. They will probably retain a slight price advantage because of their "first year of issue" status. Frankly I see the 99 silver proofs as having nowhere to go but down in the long run.
|
| |
Replies: 9 / Views: 1,967 |
|
Posted 04/24/2011 5:29 pm
