1999 Silver Proof Set Pricing
SarasotaFrank
Posts: 1,625 ✭✭
What are these going for lately? I had seen prices as high as $275.00 a while ago.
"I want to die peacefully in my sleep like my Grandfather did, as opposed to screaming in terror like his passengers."
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EDIT: OHH WTF!!!!!
yes indeed had I known I would have saved more than one from my group of seven
Go BIG or GO HOME. ©Bill
The name is LEE!
<< <i>Wow...a modern set of coins increasing in value 1000%. I bet that just scratches some *sses of some on this forum.
No really. I'm probably one of those *sses to which you are referring. In prior years the general pricing pattern for the more popular modern Proof sets and commemorative coins has been that the prices got to be very high for a while, and then slipped back to occasionally very low levels. For example the Statue of Liberty three piece Proof set hit $450.00 in 1986 just before the refurbished statue was officially opened. At it lowest point the Gray Sheet “bid” on that set go down to $82 or so.
The State Quarter program Proof sets have enjoyed a longer ride because the series is going to go for ten years, and there is still a strong collector interest in it. After the series ends, I think we will see some downward price adjustments, but that’s my opinion. The mintage for the 1999-S silver set is listed at 800 thousand sets in the Red Book. That’s low by modern Proof set standards, but it’s still nowhere near the mintages for sets in the 1950s that did not exceed 1 million until the 1957.
The State Quarter sets are special, and they contain unusual coins that should hold collectors’ interest for some time to come, but I don’t know if I were an investor if I would want a significant “long” position in them at $240 to $250. The chances of the prices increasing might be too small to cover the downward risk.