2004 Silver Proof set due to skyrocket in price?

GAT

It has occured to me that with the Mint offering the silver 2004 state quarters alone as a option that few of the the 10 piece silver proof sets will be sold. This would lead to a sharp increase in prices. Anyone agree with me?

Aethelred

I have thought this as well, we'll see!

endzone

Possibly, except for the fact, the 2004 Silver State Quarter Set
is sold out until July. At that time, the 2004-S Silver Proof Set,
with 11 coins (2 nickels) will become available.

We'll see what happens.

fishcooker

No. I think the state quarters are the primary source of excess demand, and that demand has been met. In essence the question driving the 10 set price is - is there anybody who wants a silver proof Kennedy that did not buy one from the mint? That's no where near the SQ's.

pontiacinf

sam called it

the nickels will be same as the regular proof set, but it won't stop
the public from wanting the 12 piece silver set. The quarter sales will not affect this demand in a huge way, I agree it will slightly, but not to the tune you guys are suggesting.

Placid

The mint should make a coin with a mintage of one and sell it for a million dollars.

291fifth

The inclusion of the nickels will drive up demand. The substantial price increase and the heavy selling of the 5 piece silver quarter set will drive down demand. It will be interesting to see which factors have the greatest effect.

My gut feeling is that the inclusion of the nickels, which are one year type coins, will keep demand quite high.

TheNumish

I think what will make the set good is the silver half. People will still need these to complete their sets. There won't be a bunch of extra coins around like other years since the guys who buy the sets to grade the quarters won't be buying the 11 piece set and dumping the extra part of the set. They've already bought the 5 piece set. Also the mint has changed the bulk program to make it less advantagous for dealers to buy in bulk. There won't be extra sets at the end of the run they way there will be when 2003's stop selling. I think the 2004 silver proof sets will be a great one to speculate on. The one hitch I see is if the mint makes a lot fo sets expecting better sales then they get and keep selling them on their web site for a long, long time.

XpipedreamR

<< <i>The mint should make a coin with a mintage of one and sell it for a million dollars. >>







Canada did something similar to this last year with a couple coins, although they didn't sell for a million dollars.

fishcooker

Who is going to pay extra - let's say double - on Ebay for an 11 coin 2004 silver proof set?

Today's Kennedy collectors are not. They'll order from the mint.

Nickel collectors can get their coins from ordinary proof sets.

Who?

LanLord

Yep, I have been thinking the same thing. The silver dime and half dollar will probably be fairly low (relative to recent releases) mintages.

I guess we'll see.

TheNumish

fishcooker--

Lots of Kennedy Half collectors pay big money for 1995 and 1997 silver halves. Why wouldn't they pay for 2004? Just to be clear I'm talking after the mint stops selling the sets.

fishcooker

I just can't imagine being a Kennedy collector and not ordering from the Mint. I can see new collectors coming along and buying later, obviously, but SQ's are where the new collectors are.