US Mint Question?

Validator

The 1999 Silver Proof set has turned out to be the set that increased in value. Is there anyway to know if the 2002 Silver Proof (or any furture set) will be more valuable. I assume the price jumps when the final production numbers are released. Is this a correct assumption? Thank you for any help you can provide me.

Kind regards...........Andrew

FC57Coins

Andrew:

If we had this answer we'd all be in the Riviera right now sipping champagne! - Actually it's very tough to predict what will go up or down - if you look at the history of mint and proof sets you'll see that about every ten years or so 1 happens to go up while the rest stay at or actually decrease in value. It all has to do with the demand of the coins and whether there are particularly desirable ones in a given year's set.

Good luck with your collection!

Regards,

Frank

DHeath

Andrew,

The 99 set is pricey primarily because it is the first year of issue, and because it is heavily collected. I wouldn't think the other sets will fare as well. Hope this helps.

kranky

Concerning final mintage numbers, this doesn't seem to have much relevance with modern proof sets. Millions are made each year, yet some rise and others fall. No modern proof set could be considered to have a low mintage.

Now with modern commemorative coins, sometimes the final mintage numbers can have an effect.

cladking

Up until about 1995 virtually all mint products would go up a little over issue price
and then start dropping when they were three or four years old. Frequently they
would drop to absurd levels. Bid has been as much as 10% under face value for
mint sets and about 30% over face for proofs. A lot of the commems were down to
melt value. It used to almost always pay to wait a few years if you wanted a new
mint product. Since '95 this does not work anymore. For the most part prices have
held their own or increased. No doubt this is being caused by the increasing number
of collectors, but raises the question of why the mintages aren't going up too. There
is no way to predict which sets will do well and which won't. There are often little
clues and if you follow your instincts you will get some "bargains" when they're issued.
There could be some play left in a lot of these modern silver sets. Mintages are under
a million and if the newbies decide they are necessary to the collection then prices
could come under extreme pressure.

Conder101

Cladking,
I'd say keep waiting. In my experiance when a mint product went to a high level right from the start they don't come back down in 3-4 years like most issues did. But ususally after ten years they would fall back down. For example the 1995 proof set. A couple years ago it was well over $50 and poised to go to $100. Now it's $38 and dropping. And It is still three years short of my benchmark. The mintage of the 99 silver proof set isn't that different than the other years. There is no good reason for it to be significantly higher other than it being the first year. Since it is the first I will expect it to always be a little higher but ten years from now I would expect it to be almost the same price as the other sets. And that doen't mean I expect the other sets to rise up to meet it!