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@wondercoin said:

Hahahaha. I’ve been flooded with so many silver Mint State and proof Ikes in the past few months that I just needed to open 3 more 10x10 safe boxes this past week to house just the “reject” coins that go straight into 32 piece sets. Not to mention the proof clad Kennedys and Ikes (and silver Ikes) I have submitted on the better part of 100+ orders currently at PCGS. I can’t wait to see this demand moving forward! 😆

Just my 2 cents.

Wondercoin.

Interesting. That's an awful lot of 32 pc sets.

Of course the attrition on the silver and proof sets isn't as high because they are more valuable. A lot of the silver has been been melted though but relatively few coins are lost or otherwise destroyed. Not everyone who collects ikes collect the proof and silver issues. Most collectors who do demand the proof and silver well tend to find any example to be of sufficient quality because these coins are all well made and preserved (Some of the cu/ni proofs are bad now days).

Those who collect almost all want nice handsome examples and this is where the demand is exceeding supply. Dates like the '76 type I are exceedingly difficult to find in chBU. Forget rolls, individual coins are hard to find in nice condition. 65% of the mint sets are gone now and the survivors all have tarnished coins. Underneath this tarnish normally lurks a monster with retained planchet marking and gouged. Other dates like the '71, '73, '73-D, and '74 can be tough as well and none are really "common".

It's very easy for even insiders to mistake the lack of demand as an excess of supply because both conditions lead to the ability to acquire the coins in quantity at low prices. But demand has been increasing pretty steadily since 1980 and the increase in demand is finally straining the ability of the market to supply coins. THIS is where everyone is misreading the market because they still are mistaking the low prices as too much supply even though all that supply is gone.

Sure, the proofs and silvers are getting more demand as well and their supply is hardly boundless. When sellers today turn into buyers these will be the first they buy. Speculators will turn first to them as well since they take up less room than a $75 roll of '72-D's just as people buy gold instead of filling SDB's with silver.

It's the low end pushing up the market not the high end pulling it up. Aunt Martha in Poughkeepsie is going to the bank hoping to find a nice attractive XF '77-D and coming up empty handed. This is the demand. Millions and millions of people seeking coins for their folders, albums, and collections. There never were BU rolls and the mint sets are gone. There are no old time collections of iks walking into coin shops because what comes in are pre-1965 collections formed by generations of collectors who hated moderns.

interesting we already have potential mintage figures - seeing the prices for other special mint stuff (proof strikes, special releases), I'd say probably like $4-5 raw and maybe like $15-20 in MS69-70, but I think it's impossible to accurately predict any of this.

Maybe if they command enough demand, they'll go for more but a lot of coins the mint issued recently dropped substantially in value, so maybe these will too..!

What the.........................
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cool