A long awaited familiar Proof Set. My nephew's 2009 birthday frame!

joeykoins

Hi guys,
Yes! I don't know what took me so long to pull the trigger on this glorious transitional Proof Set.
It's the low mintage (697,365) 2009 Silver Proof Set.
Think of all the special features in this set.
First of all, it contains 18 coins! More bang for your buck, right? Then, 8 of the coins are SILVER! 6 Quarters. Not 5. and 1 Kennedy and 1 Roosevelt.
2 clad coins, the Jefferson and the Sacagawea Dollar along with 4 President Dollars.
Then, we move on to the most interesting aspect of this prestigious set. The 4 transitional Copper Cents.
Marking the 100 year anniversary of the first Lincoln
Cent 1909. The fact these are copper, 90%, not zinc, is very special as well. In the past 12 years in the proof box. They toned beautifully! If you like that sort of thing? I DO!
I finally own the set. At a great price to boot. My LCS only charged me $40!
So, here it is guys.

Seriously contemplating buying more of these sets.
I can very easily seeing these go UP In value.
Thanks guys.

jmlanzaf

If you think that's low mintage, you should look at all the silver proof sets from 2009 onwards. Lol. 2009 is the highest mintage in the last 12 years.

https://proofsetguide.com/proof-set-mintage/

Jzyskowski1

Nice coins! Good to see you up and around. Sure sign your on the mend🙀🤓. Great price. $65-70 and up on eBay. $40 👍🏼

jmlanzaf

$40 is the greysheet bid.

joeykoins

@jmlanzaf said:
If you think that's low mintage, you should look at all the silver proof sets from 2009 onwards. Lol. 2009 is the highest mintage in the last 12 years.

https://proofsetguide.com/proof-set-mintage/

Thanks, very good info you posted.
The 4 Copper cents are the real underrated coins that have the lowest mintages for any modern day cents.

jmlanzaf

@joeykoins said:

@jmlanzaf said:
If you think that's low mintage, you should look at all the silver proof sets from 2009 onwards. Lol. 2009 is the highest mintage in the last 12 years.

https://proofsetguide.com/proof-set-mintage/

Thanks, very good info you posted.
The 4 Copper cents are the real underrated coins that have the lowest mintages for any modern day cents.

Not even close, unless you are referring to "type". The 2017 EU set has a total mintage of only 215,000.

People don't generally include proofs in the key dates of series. There are numerous modern Lincolns with less than 600,000 minted.

You'd also have to add the regular proof sets to the silver proof sets for 2009 which is well over 1 million cents.

JimW

I think @joeykoins might be confusing the mintages of the proof set and the mint set ?

vulcanize

@jmlanzaf said:

@joeykoins said:

@jmlanzaf said:
If you think that's low mintage, you should look at all the silver proof sets from 2009 onwards. Lol. 2009 is the highest mintage in the last 12 years.

https://proofsetguide.com/proof-set-mintage/

Thanks, very good info you posted.
The 4 Copper cents are the real underrated coins that have the lowest mintages for any modern day cents.

Not even close, unless you are referring to "type". The 2017 EU set has a total mintage of only 215,000.

People don't generally include proofs in the key dates of series. There are numerous modern Lincolns with less than 600,000 minted.

You'd also have to add the regular proof sets to the silver proof sets for 2009 which is well over 1 million cents.

Why do different sites carry different numbers - for example the link you posted said 714,661 for 2014 clad sets whereas elsewhere it says

2014 Set with Issue Price $31.95 having 14 coins released on Mar. 25, 2014 with total Ending Sales / Mintage numbers of 680,977

Source: https://www.coinnews.net/2017/06/30/2016-proof-set-and-2016-silver-proof-set-mark-new-sales-lows/

Ditto for some of the silver proof mintage numbers too where the site you linked to shows 2014 with 429,493 sets whereas the above link shows close to 25k sets disparity.

Year Issue Price Coins Issue Date Ending Sales / Mintage
2014 Set $53.95 14 April 29, 2014 404,665

vulcanize

@joeykoins said:
Hi guys,
Yes! I don't know what took me so long to pull the trigger on this glorious transitional Proof Set.
It's the low mintage (697,365) 2009 Silver Proof Set.
Seriously contemplating buying more of these sets.
I can very easily seeing thses go UP In value.
Thanks guys.

I have pretty much almost all of the annual sets (clad, silver, Prestige Proof sets & limited editions from 2012 onwards etc.) and finally stopped buying them last year.
Sold price listings on eBay were not very convincing plus the mint started charging more and more for the new releases.

Don't think the Limited Edition prices for 2020 and 2021 will drop much because of the transition year for ASE etc. but from personal experience it is best if one were to wait till prices hit rock bottom for older sets on eBay and then snag them.

Just my two cents as always

pmh1nic

I don't know about future potential but I do like the set.

291fifth

Unless things have changed in the past two years the silver proof sets of that era are the kiss of death in the marketplace.

jmlanzaf

@291fifth said:
Unless things have changed in the past two years the silver proof sets of that era are the kiss of death in the marketplace.

No change. Still bad. Most barely sell for melt.

joeykoins

The Bronze 2009 cents. The 90% copper ones. What are the mintage numbers? Can't seem to locate?

joeykoins

@291fifth said:
Unless things have changed in the past two years the silver proof sets of that era are the kiss of death in the marketplace.

Really? The PCGS price guide shows "green along with the arrow showing up".

The_Dinosaur_Man

2009 was a really interesting year for coins. Huge mint and proof set, no proof silver eagle, and low mintage business strikes particularly on the dime and nickel.

jmlanzaf

@joeykoins said:

@291fifth said:
Unless things have changed in the past two years the silver proof sets of that era are the kiss of death in the marketplace.

Really? The PCGS price guide shows "green along with the arrow showing up".

All arrows are up this year. But they are dogs in the marketplace.

joeykoins

@The_Dinosaur_Man said:
2009 was a really interesting year for coins. Huge mint and proof set, no proof silver eagle, and low mintage business strikes particularly on the dime and nickel.

Yes, crazy numbers. Check out the 2009 Jefferson nickel prices for a roll.

jmlanzaf

@joeykoins said:
The Bronze 2009 cents. The 90% copper ones. What are the mintage numbers? Can't seem to locate?

https://coins.thefuntimesguide.com/2009-penny-value/

3 million proofs. Not really rare.

Crypto

I personally think mint sets are are still as good of an investment as the have historically been over the previous many decades

vulcanize

@Crypto said:
I personally think mint sets are are still as good of an investment as the have historically been over the previous many decades

Barring the very earliest few sets I really doubt it.

https://www.greysheet.com/news/story/proof-sets-a-bust-buy-or-best-buy

Having bought many for way lesser than what was the issue price at that time. and also factoring in inflation with dollar losing value etc., somehow the final numbers just did not make any sense.

Just my two cents as always.

jmlanzaf

@vulcanize said:

@Crypto said:
I personally think mint sets are are still as good of an investment as the have historically been over the previous many decades

Barring the very earliest few sets I really doubt it.

https://www.greysheet.com/news/story/proof-sets-a-bust-buy-or-best-buy

Having bought many for way lesser than what was the issue price at that time. and also factoring in inflation with dollar losing value etc., somehow the final numbers just did not make any sense.

Just my two cents as always.

Given how bad they were and that many are barely selling above face value, it's hard to argue with Crypto's point. They simply can't go down as much a they did in the past.

vulcanize

@jmlanzaf said:

Given how bad they were and that many are barely selling above face value, it's hard to argue with Crypto's point. They simply can't go down as much a they did in the past.

The silver sets probably would see an increase, if spot price for the metal went higher.
Perhaps a few would bust it out from the packaging for their albums or send it in for grading purposes to add to registry.
Other than that, really don't see anything more from a collector's perspective to bring in way more value that what it was acquired for.

Crypto

in general things made for collectors typically don’t have staying power as collectibles. It is utilitarian items that get used up that people seek out later that stand the test of time.

joeykoins

@jmlanzaf said:

@joeykoins said:
The Bronze 2009 cents. The 90% copper ones. What are the mintage numbers? Can't seem to locate?

https://coins.thefuntimesguide.com/2009-penny-value/

3 million proofs. Not really rare.

Thanks for all your research.

ChrisH821

That's a cool set @joeykoins!
If you enjoy low mintage proofs, you might really enjoy the 1936-42 sets, and the sets of the early 50's. Many of the coins from 1936 to 1939 have mintages under 10,000(!!) and are relatively affordable, well the 1936's aren't, but 37-42 are. I've been working on my 36-42 proof set for a couple years now and it has been a lot of fun, I am down to needing just one coin.

https://proofsetguide.com/proof-set-mintage/

privatecoin

Don't forget the cents in the Uncirculated mint set were also copper. Not just the proofs.

JimW

@privatecoin said:
Don't forget the cents in the Uncirculated mint set were also copper. Not just the proofs.

Yes, and the mintage of those coppers in the mint set were about 1/4 those of the proofs IIRC

jmlanzaf

@privatecoin said:
Don't forget the cents in the Uncirculated mint set were also copper. Not just the proofs.

780,000 relative to 2.9 million

coiner

Nice set - good pick up. It's good to see true collectors really appreciate the beauty of the coins. It's not all about the value - buts its nice to have $2.10 in 90% in the set to support the pricing.

SlipKid

Current melt (including face for the non-silver coins) is $39.54. Can't go wrong paying $40 in my opinion.

jmlanzaf

@SlipKid said:
Current melt (including face for the non-silver coins) is $39.54. Can't go wrong paying $40 in my opinion.

That's the way these all get priced. Silver proof sets, other than the last year or two, largely trade at melt + face (wholesale). They have for years. I'm not sure why the market eschews them, but it does.

If you take a collection of Proof sets to a dealer, they will actually discount the silver sets more than the clad sets. It's kind of interesting.

privatecoin

Yet break them up and sell individually for a decent mark up. At least for the small fish.

coinsarefun

Great price, no matter what. Love the coins and looks like the Lincoln’s are getting super nice toning.
Right there you made some nice money. Glad you back to semi normalcy

SlipKid

Current melt (including face for the non-silver coins) is $39.54. Can't go wrong paying $40 in my opinion.> @jmlanzaf said:

@SlipKid said:
Current melt (including face for the non-silver coins) is $39.54. Can't go wrong paying $40 in my opinion.

That's the way these all get priced. Silver proof sets, other than the last year or two, largely trade at melt + face (wholesale). They have for years. I'm not sure why the market eschews them, but it does.

If you take a collection of Proof sets to a dealer, they will actually discount the silver sets more than the clad sets. It's kind of interesting.

Yes, but the price of the older clad sets is pretty much locked in. You can always find someone to pay melt for the silver proofs so the silver sets have the potential to rise more. $30 silver and these will be $50 melt (including the dollars), the clad will still bring whatever they were bringing today.

jmlanzaf

@SlipKid said:
Current melt (including face for the non-silver coins) is $39.54. Can't go wrong paying $40 in my opinion.> @jmlanzaf said:

@SlipKid said:
Current melt (including face for the non-silver coins) is $39.54. Can't go wrong paying $40 in my opinion.

That's the way these all get priced. Silver proof sets, other than the last year or two, largely trade at melt + face (wholesale). They have for years. I'm not sure why the market eschews them, but it does.

If you take a collection of Proof sets to a dealer, they will actually discount the silver sets more than the clad sets. It's kind of interesting.

Yes, but the price of the older clad sets is pretty much locked in. You can always find someone to pay melt for the silver proofs so the silver sets have the potential to rise more. $30 silver and these will be $50 melt (including the dollars), the clad will still bring whatever they were bringing today.

And $14 silver...

The market does work both ways.

gumby1234

Nice to see you back having fun Joey and hope you are feeling much better.

SlipKid

And $14 silver...

The market does work both ways.

Yeah - but I just look at it as similar to buying a 5 or 10-oz bar. And as a bonus, a lot of the proof sets have some numismatic value too. If (when?) silver goes down that low, the 2009 set will hold it's value pretty well.

Jimnight

Nice looking coins!

joeykoins

Thanks guys!
Lol. You know what?

It just hit me. Lol

This year set, 2009, was the year my little sister's son, believe it or not, joey, was born! Lol. Yes, on Christmas day, my nephew, joey, was born. Here's the best part. For a gift to my sister, I gave her, what else? Yes, the 2009 proof set. The clad set. I just didn't give her the boxed set. I made a special frame with all the coins and Joey's picture in the frame too! Lol. When I get a chance to take a picture of the frame, I will show you guys. It's beautiful! Totally forgot I've done this and forgot it was the 2009 proof set.

So you see, this set is more special than I first thought.

JTHawaii

It's my daughters birth year so I have been picking these up here and there over the years, special year for me too. I don't really know how may I have but if they were around $40 I bought them. The Lincolns are just a cool bonus.

@joeykoins said:
Thanks guys!
Lol. You know what?

It just hit me. Lol

This year set, 2009, was the year my little sister's son, believe it or not, joey, was born! Lol. Yes, on Christmas day, my nephew, joey, was born. Here's the best part. For a gift to my sister, I gave her, what else? Yes, the 2009 proof set. The clad set. I just didn't give her the boxed set. I made a special frame with all the coins and Joey's picture in the frame too! Lol. When I get a chance to take a picture of the frame, I will show you guys. It's beautiful! Totally forgot I've done this and forgot it was the 2009 proof set.

So you see, this set is more special than I first thought.

jedm

@jmlanzaf said:

@joeykoins said:

@291fifth said:
Unless things have changed in the past two years the silver proof sets of that era are the kiss of death in the marketplace.

Really? The PCGS price guide shows "green along with the arrow showing up".

All arrows are up this year. But they are dogs in the marketplace.

One thing's for sure we can always count on @jmlanzaf to rain on any parade we get started around here!

batumi

@ChrisH821 said:
That's a cool set @joeykoins!
If you enjoy low mintage proofs, you might really enjoy the 1936-42 sets, and the sets of the early 50's. Many of the coins from 1936 to 1939 have mintages under 10,000(!!) and are relatively affordable, well the 1936's aren't, but 37-42 are. I've been working on my 36-42 proof set for a couple years now and it has been a lot of fun, I am down to needing just one coin.

https://proofsetguide.com/proof-set-mintage/

Eye appealing examples of the '36 through '42 proofs are good buys imo, though the '36's can get a little pricey in higher grades. Really nice '36 RD cents are hard to locate and expensive.

keets

as 291fifth stated above, these sets, like most of the Silver sets, are destined to be tied to spot + face. when I still worked in a Coin Shop we bought and sold Proof/Mint Sets at wholesale as a matter of routine. my boss would buy them throughout the course of several weeks and when the pile got too big it was part of my job to inventory, price and pack them up for sale.

part of that entailed my worksheet by date of the Silver face value and misc. face value, totaled up for a sell price that was about 10% back of GreySheet. there were quite a few dates from 1992-date that couldn't be sold like that.

this date, 2009, when calculated for spot + face value of the remaining coins comes out to around $38.35 which means the purchase price of $40 is a loss as soon as Silver goes up a little. sorry, Joey, but these sets are historically a cash drain, guaranteed loser and the worst place to spend money.

Downtown1974

Glad to see you back in the game Joey!

tcollects

@joeykoins said:
Thanks guys!
Lol. You know what?

It just hit me. Lol

This year set, 2009, was the year my little sister's son, believe it or not, joey, was born! Lol. Yes, on Christmas day, my nephew, joey, was born. Here's the best part. For a gift to my sister, I gave her, what else? Yes, the 2009 proof set. The clad set. I just didn't give her the boxed set. I made a special frame with all the coins and Joey's picture in the frame too! Lol. When I get a chance to take a picture of the frame, I will show you guys. It's beautiful! Totally forgot I've done this and forgot it was the 2009 proof set.

So you see, this set is more special than I first thought.

ricko

I think the 2009 silver set was the last set I purchased before giving up on annual sets....also when I stopped the ASE series when they did not make one for that year.... So all the sets purchased over the years sit in a big box, virtually unopened since about 2010.... Oh well... They do look nice. Cheers, RickO

jmlanzaf

@jedm said:

@jmlanzaf said:

@joeykoins said:

@291fifth said:
Unless things have changed in the past two years the silver proof sets of that era are the kiss of death in the marketplace.

Really? The PCGS price guide shows "green along with the arrow showing up".

All arrows are up this year. But they are dogs in the marketplace.

One thing's for sure we can always count on @jmlanzaf to rain on any parade we get started around here!

Not true. Check out the Peace Dollar thread.

I could lie to you, but then you'd just accuse me off a pump and dump.

jedm

Don't take me too seriously I haven't really been serious about anything since I learned to whistle when I was like 12 years old.

Klif50

I had been working on a Kennedy Half Dollar set, circulation strikes only, for quite a few years (Dansco 7166) and it runs out with the 2017-D. I got a good deal on Dansco Kennedy Half Dollar 1964-2011 album (8166) after I looked and I had a bunch of proof sets that I decided to break out and add the proofs to the mix. Then I got a fair deal on the 2012- (8177) album. So, now my set doesn't look nearly as nice since it has a whole more holes in it. I'm going to break out the proof sets, grab the half dollars and add them to the album and then I guess will hit Ebay and start looking for deals on proof sets. I'm not interested in getting any of them already slabbed. I want to fill the album.

My wife has to help since I can't read the dates on the coins or the albums but she shows me which coin goes in which slot. All of a sudden I am back in the 1970s filling an album, feeling the heft as new coins are added, and enjoying the glint of the proof coins among the uncriculated ones. It makes me feel almost young again.

It's not a really large investment and I don't see it bringing huge dollars when either I run out of time or holes to fill, but it's worth what it cost just for the enjoyment of filling the holes. I've done most of the other sets in the old days when I could see better and you could actually buy coins and dicker over the grades, prior to the slabbing days. Most of the sets, when sold, were broken out, the key coins sold separately and the non-key silver coins went, for the most part, into the silver bucket.

This is a strange hobby but I still love it and get a lot of enjoyment out of what I can still do.

So now, anyone have a link to good inexpensive proof sets and silver proof sets that I can break up to get the halves?

Jzyskowski1

I use eBay search function. And from there you can research the sellers and look at their other items. BST here is good. I’m a minute past my prime but I still love this hobby 🤠🙀. Got a “in house “ grandson and at 8, he’s my eyes.

The_Dinosaur_Man

@Klif50 said:
I had been working on a Kennedy Half Dollar set, circulation strikes only, for quite a few years (Dansco 7166) and it runs out with the 2017-D. I got a good deal on Dansco Kennedy Half Dollar 1964-2011 album (8166) after I looked and I had a bunch of proof sets that I decided to break out and add the proofs to the mix. Then I got a fair deal on the 2012- (8177) album. So, now my set doesn't look nearly as nice since it has a whole more holes in it. I'm going to break out the proof sets, grab the half dollars and add them to the album and then I guess will hit Ebay and start looking for deals on proof sets. I'm not interested in getting any of them already slabbed. I want to fill the album.

My wife has to help since I can't read the dates on the coins or the albums but she shows me which coin goes in which slot. All of a sudden I am back in the 1970s filling an album, feeling the heft as new coins are added, and enjoying the glint of the proof coins among the uncriculated ones. It makes me feel almost young again.

It's not a really large investment and I don't see it bringing huge dollars when either I run out of time or holes to fill, but it's worth what it cost just for the enjoyment of filling the holes. I've done most of the other sets in the old days when I could see better and you could actually buy coins and dicker over the grades, prior to the slabbing days. Most of the sets, when sold, were broken out, the key coins sold separately and the non-key silver coins went, for the most part, into the silver bucket.

This is a strange hobby but I still love it and get a lot of enjoyment out of what I can still do.

So now, anyone have a link to good inexpensive proof sets and silver proof sets that I can break up to get the halves?

This is what the hobby should be about, collecting what you want regardless of future potential return values. I have my own collection of business strike Kennedy half dollars that I'm keeping up with, and with the 2021 coins being issued for circulation, there is the new challenge of finding them rather than buying them.