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 Replies: 9 / Views: 1,090 |
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Valued Member
United States
455 Posts |
I'm looking for logic in the retail pricing of the silver proof sets with the Statehood Quarters. I have to admit, I find this confusing. Here's the mintages and approximate retail prices for the silver proof sets. 1999 804,565 $395 (9 coins) 2000 965,421 $32 (10 coins) 2001 889,697 $175 (10 coins) 2002 892,229 $59 (10 coins) 2003 1,125,755 $31 (10 coins) 2004 1,789,34 $42 (11 coins) 2005 1,609,970 $45 (11 coins) What conclusions can be drawn based on these numbers? The 1999, 2001, and 2002 sets are in short supply? I guess so, must be folks sitting on hoards of them. And collectors are so enamored with the 2004 and 2005 sets the market warrants a $11-$14 premium over the asking price for 2003 (despite significantly higher mintages?)? Am I missing something guys?  |
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Member
United States
3242 Posts |
1999-2002 where low mintage but the mint set no limits on how many you could buy. big coin company & TV coin show got most all the sets. the collectors like us have to give up our right arm to pay for the 1999-2002 set now
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Pillar Of The Community
3147 Posts |
The 1999 sets have dropped considerably on the grey sheet so expect around the $285 level from a dealer if you can find a dealer to buy them. I do think the silver sets are a lot safer investment than the clad sets but fear the bottom will fall out of the series once it ends and that is why I have sold most of my proof sets off. As always, time will tell but historically proof sets and commemoratives are not a real great investment. I checked, just yesterday, on quite a few modern (recent) silver commemoratives and almost all of them were below issue price. In my humble opinion thats going the wrong way, way to quickly. It seems the safest place to put your money is STILL in the classics of the past!
Edited by crystalk64
11/26/2006 09:19 am
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Valued Member
United States
397 Posts |
One thing that also boosts the 2001 price is the sac dollar. The proof for that year is pricey.... MM  |
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Member
United States
3242 Posts |
quote:
Originally posted by crystalk64
The 1999 sets have dropped considerably on the grey sheet so expect around the $285 level from a dealer if you can find a dealer to buy them. I do think the silver sets are a lot safer investment than the clad sets but fear the bottom will fall out of the series once it ends and that is why I have sold most of my proof sets off. As always, time will tell but historically proof sets and commemoratives are not a real great investment. I checked, just yesterday, on quite a few modern (recent) silver commemoratives and almost all of them were below issue price. In my humble opinion thats going the wrong way, way to quickly. It seems the safest place to put your money is STILL in the classics of the past!
I wish I could find a Dealer that would sell one of 1999 for less that$395.00-$750.00 If you find one for$395.00-$425.00 E-Mail ME!!!!! Edited by amac44
11/26/2006 11:22 am
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Pillar Of The Community
3147 Posts |
Amac I could find that in a matter of days. Actually I have one enroute to a dealer Moday, as a friend of mine visits this dealer almost daily. I can find out what the buy back will be late next week and get back with you if you like? If I can stop the sale I will do so yet today and hold the set for you. Will keep you posted as soon as I can make contact with my collecting friend.
Amac you will have to email me as I have installed Internet 7 just today and am already having problems. I have the set at a very good price if you are interested.
Edited by crystalk64
11/26/2006 1:31 pm
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Rest in Peace
United States
3730 Posts |
I had two of the 1999 sets. I gave one to my daughter, to hold for one of our grandsons who was born that year.
Wish I had bought more back in 1999.
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Pillar of the Community
United States
1626 Posts |
Yea, I missed the boat on those sets too. I have been watching these on ebay for a long time. I started a thread similar to this a few months ago. If they come down in price as crystalk64 thinks, I will snag one up for sure. Tim |
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Valued Member
 United States
455 Posts |
I'm inferring from amac44's post that the US mint deviated from their normal marketing practices when selling the 1999-2002 sets by not imposing purchase limits. Do I have that right? If that's the case then I see how this created an opportunity for large dealers to create a shortage by hoarding and controlling supplies, thus driving up the price. I'm not comfortable paying a premium for the sets under these circumstances. I'd like to think that the market will eventually straighten itself out, higher prices will reduce demand, and the asking prices will return to normal.
Is it common for the US Mint to sell coins without purchase limits?
Is hoarding and price manipulation common in the coin market?
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Pillar Of The Community
3147 Posts |
It is very common for the U.S. Mint to FLOOD the market with every coin they strike in an effort to control or ruin the secondary market. Thats why so many of their products, after the intitial hype, lose their value and lose it quickly. I simply DON'T trust modern coins as very few hold their value! Off of the top of my head I would say the 2001 Proof Sacagawea is a strong performer and should stay that way. Other than that, since 1999, I see nothing other than individual silver Statehood Quarters that would be worth holding on to! |
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Replies: 9 / Views: 1,090 |
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Posted 11/26/2006 09:16 am
