Silver Proof sets 1999-2003

Birdman

I've been looking around at the 1999-2003 silver proof sets and was wondering if anyone could explain to me why there is such a big price difference between the sets. Particularly the 1999 set compared to the 2000 set. Is it simply a matter of supply? Did the mint produce a significantly larger number of 2000 sets? Just curious.

Thanks,
Birdman

Russ

It's mostly a demand issue. The 1999 sets are the first year of the state quarter program and have become HOT, HOT, HOT.

Russ, NCNE

BAJJERFAN

And a lot of the 1999 sets were broken up too!

meos1

Yep I came in late and picked up my 1999 silver set for 99 and thought i was getting scalded.

Dan

Birdman

Its interesting though that the silver 2000 set is roughly the same as issue price. What is the deal with that? Why is the 2000 set trading so below the other sets? mintproducts.com sells it for $34.95. Do you think this set has future potential.

EvilMCT

The hype around the having an even year (why do people care about this?) had the mint increase production of the 2000 sets. So, the reason they are so cheap is that their is an overabundance of them right now.

Ken

baccaruda

You can buy that 2000 set and wait 50 years - it'll probably always sell for that price. It makes no sense to me, I'm trying to apply some economic theory to it:

I think the 1999 set has marketed itself as the "gem" of the recent sets. Try to follow this - people want it because it's expensive. Makes no sense, right? People don't want the 2000 set because it's cheap. Still confused I'm sure. Doesn't make much sense to me either but It's a real economic phenomena.

Theop

I have read that the mint limited the number of 1999 sets a person could order to 5. I have heard it explained that this kept dealers from buying them in huge lots and therefore a greater percentage of them went to collectors' hands rather than dealer's stock, which limited available supply and thus keeps the prices higher. Also, the first year of issue of a series tends to be disproportionately popular.

I bought my 1999 silver proof set in December and the prices are $~$30 higher now then then, although they could come down at any time.

I have a theory that that the prices will steadily rise until the final state quarters are released in 2008. People who are not collecting yet may become interested once their state is released and end up buying the whole 10 year set, increasing demand. The silver ones are always going to be the most desirable.

relayer

Because of the limit the Mint imposed in 1999, dealers were not able to stock up. Even though the mintage between 1999 & 2000 are close, the 1999 sets are spread around more and not sitting on dealer shelfs.

fishcooker

Do you think this set has future potential.

As much potential as my 1961 set that still sells for $13.

GTOster

Did'nt the mint destroy alot of those sets due to them turning in the packaging I thougth I heard that some time ago but I could be wrong
Paul

cladking

<< <i>Do you think this set has future potential.

As much potential as my 1961 set that still sells for $13. >>



The 1961 proof set certainly has some potential even at this late date, but it does not
compare to the 1999 silver set. First there were a lot more of the '61 set produced and
they were targeted at a smaller audience. Only those who desired superb examples of
the current years coinage would have any interest in the '61 proof set. The '99 set can
appeal to those who want silver examples as a type of the current coins. They contain
more of these types than the '61 set.

There is also an "S" mint mark on the newer coins to further differentiate them from the
circulation issues. There is a wider audience because there are many collectors interested
in these from outside the numismatic mainstream.

There is more silver and more coins in the later sets. While attrition has been high on the
'61 set, it has also been very high on the '99 set with large lots being broken up to form
date and mint collections and for type coins.

While attrition is high on the '61 set is would be presumed that large percentages of the
coins removed from these sets would be protected from degradation by experienced col-
lectors. This is not nearly so true with the '99 set. It isn't difficult to picture many of these
coins being added to folders and maps.

One safe bet is that wherever the prices of the '99 and '00 proof sets end up, they will be
much closer than they are at the current point in time. There is of course, no certainty that
this means the '99 will come down. It could merely increase less than the '00.

Conder101

<< <i>Didn't the mint destroy alot of those sets due to them turning in the packaging I thougth I heard that some time ago but I could be wrong >>


Those were clad sets, not silver.