Why are 1999 Silver Proof Sets So Expensive

Typetone

I visited a local dealer yesterday, and he told me that 1999 silver proof sets were trading over $150. Why are they so expensive? Seems like you can buy the coins certified in PCGS PR69DCAM for about $10 to $12 each or less for all ten of the coins. After considering slabbing costs and the fact that some will not make 69DCAM, how does a modern proof producer buy these and not lose a fortune. Why do collectors buy these when they can get magnificent certified examples for probably less. What am I missing.

Greg

Russ

Greg,

Baseball is correct. Perhaps you're confusing your slabbed prices with the clad versions of the coins?

Russ, NCNE

Typetone

I recently offered most of the 99 silvers on this and the B/S/T board at $20 each with no takers. Sold them on ebay for lower. Hard to believe that the sharks on these board would pass on $30 pieces being offered at $20. I don't think I would have a hard time buying all pieces at $15 each or less on ebay. I know dealers are still trying to get $200+ for a set of 99 silver quarters, but they are available much cheaper at auction.

Greg

khayse

I have no idea...which is why I sold all mine for $175.

-KHayse

ursabear

Greg,

I guess the supply and demand thing is actually compounded by several factors for the 1999 silver sets. There are those that collect runs of proof sets (naturally). Then there are those who break up sets to grade/sell/encapsulate individuals from the set for sale or to complete sets. Also, it is the first year of the Statehood silvers, so anyone who wants complete a set of them needs one of those. Also, America was just getting started with an exciting, new, contemporary coin program, so these were generally well received.

Also, speculation as to the future values of early State Quarters items was much steeper in the early years of the program, so lots of sets that haven't been broken up have been hoarded for times later in case things proceed higher.

I'm glad I have my one set left (I bought it from the Mint when they were out), but I, too, would love to have a few sets for other purposes - alas, they are out of my budget range when I am trying to work through some interesting lower cost sets right now.

pontiacinf

I sold a full set sans the pr69dcam clad dime for 220.

by full i mean clad n silver versions...like i said, sans the clad dime.