Mint silver proof sets going up in price

WALLE

With the increase of the silver proof set (to $150 i hear) in the future, will you continue to buy these? As much as I hate to pay that much, I will continue as I need all of them for my albums. What are your thoughts.

BillJones

I have been buying them to keep my string going from 1936. Compared to the cost of the 1936 set and the other older sets, $150 is not that much.

The thing that fries my bacon is the fact that the sets should be perfect at that price. I'm not saying PR-70, but they should be PR-69. The one I got has a mark on the half dollar on the reverse that would take it down to PR-67 and a brown spot on the cent. I'll have to trade that one in with my local dealer at minor cost.

Given the high prices that mint charges, their product should be better.

NJCoin

@WALLE said:
With the increase of the silver proof set (to $150 i hear) in the future, will you continue to buy these? As much as I hate to pay that much, I will continue as I need all of them for my albums. What are your thoughts.

Nope. They were $55 5 years ago. I resisted the last price increase, but then gave in. I think I'm done now.

They don't do anything in the secondary market, and $150 for a $35 dollar proof set that happens to have 1.473 ounces of silver in it is just more than is justifiable.

The set should be selling at a premium to the regular set that does nothing more than cover the cost of the precious metal, with a little wiggle room for them, since they are very willing to sell the exact same set without the silver for $35.

Basically $85 at $30 silver. At nearly double that, I'll either go back to clad sets, or just stop the collection altogether.

Tom147

Unfortunately I have 3 sets of moderns from cents to halves which I will not stop. Not happy about the increase, Fortunately I ordered my silver proof sets the 1st day of release

OAKSTAR

I think if this price keeps going up, the price of your silver proof sets will keep going up.

cheezhed

I quit buying most of the modern mint products as prices and mintages crept up. I'm very selective what I purchase from there nowadays.

NJCoin

@OAKSTAR said:
I think if this price keeps going up, the price of your silver proof sets will keep going up.

Maybe. Maybe not.

At $31.05, a silver proof set that they will be selling for $150 will have exactly $45.74 worth of silver in it. I think they'll have quite a way to go from $31.05 before they'll need to reprice.

Even at $50 silver, it will only have $73.65 worth of precious metal. I don't think they'd actually do another repricing until silver got close to, or above, that level. JMHO.

Barbercoin

Agreed! Getting pricey. Buying basically out of habit.

Not too thrilled about the quarter designs. Just can’t get excited about them. They just come as part of a set.

OAKSTAR

@WALLE said:
Mint silver proof sets going up in price

I'll wait till I find them in circulation, before I ever buy them from the mint. 😉

bsshog40

@OAKSTAR said:
I think if this price keeps going up, the price of your silver proof sets will keep going up.

I hope so. I started collecting the silver sets in 99' when the SH Qtrs came out. I quit when the prices went up in 21'. I'll probably just sell my sets as I'll never be able to catch up with these prices anymore.