When did 2001 Silver Proof sets become so valuable?

relayer

2001 Silver Proof Set

Placid

I belive for the state quarters.

TWQG

I think the mintage figures were released recently. I saw the numbers on this forum a while ago. Cool huh? If you own 8

MAULUMALL

I only have 10 left

BillJones

The question is whether or not the prices for the 1999 and 2001 sets will hold up. I think they will for a while because the state quarter program has a long way to go,and many collectors are going to keep building their sets until the end. After that these sets may not be as safe a bet as some people think. I can remember items like the 1970 mint sets, which contained the mint set only 1970-D Kennedy half dollar and the 1973-S silver Proof Ike. Both of these items sell for far less today than they did years ago. And the investment situation is even worse if you consider that fact that inflation has made today's dollar less valuable than a dollar from the 1970s.

Why have these prices dropped? The answer is that collectors have moved on to more current items, and only a new influx of interested collectors can revive the prices for these 30 year old items. Those who collect and own them will hold them in their collections, but they won't be buying any more. Those who are new collecting will have to go back and demand those older items in sufficient numbers to rev up those markets.

Mark

Bill:

I believe your analysis is right on the mark. I think about the 1964 proof set, which at the time everyone had to have because it had the Kennedy half. That set, which the mint sold for $2.10, was selling for about $25 in 1966. Nowadays, unless Russ gets an interest in a particular set, what's a typical 64 proof set go for? $10 or $12? Buying a ton of these in 1966 was surely not the road to riches!

Anyway Bill, as I said I think your analysis is correct. So, when you do think the optimal time is to sell the 1999 and 2001 silver proof sets? Should we hang onto them for another couple of years and then dump them or sell them now? In other words, when do you think the demand for these sets will be at its peak?

Mark

MacCoin

about Nov 14 was when this started going insane. I like the way that last bid snipe it with a .10 bid

DenverCoin

Actually the silver quarter sets started going up around Oct. 31, 2002. Below is how my auctions for 2001 Silver PCGS PR69DCAM quarter sets have gone since Oct. 24, 2002

My Dutch auction on eBay selling 10 Silver PCGS PR69DCAM Statehood quarters sets for $85/each ending Oct. 24, 2002 resulting in 0(Zero) bids.My item on eBay

Relist with 1 set N/R auction ends on Oct. 31, 2002 high bid is $103.50My item on eBay

Next auction ends on Nov. 2, 2002 for $117.50My item on eBay

Next auctoin ends on Nov. 5, 2002 for $115.00. Hey, look who the high bidder is, its DHRC. My item on eBay

Next auction ends on Nov. 8, 2002. Auction ends for $90

Next auction ends on Nov. 11, 2002 high bid is $103.58.My item on eBay

I have 4 more sets I will be auctioning on eBay and I can give a blow by blow if anyone is interested. I hope this fits in this thread, if not I apologize in advance.

Thanks,
John Dillie

relayer

Wow, I can't give mine away at 99c - and these are PCGS PR69DCAM