Opinions wanted on 1999 vs 2004 proof sets

coinrookie

Since the 2004 set includes the new nickels, do you think that they will go up in value anything like the 1999 sets ?


Steve

airplanenut

No. If I remember correctly, the 1999 sets had a 5-set limit for dealers to purchase them... plus, so many people are buying the sets now, there's simply a much greater supply. Once everyone thinks it's going to be valuable and buys a couple, they all lose their value. It's supply and demand--more people buying means more supply and less demand.

Jeremy

Theop

Alot may depend on the mintage.

Since this is the first year that the silver quarters are being sold separately, the mintage of quarters will probably be higher. But, the mintage of full 2004 silver sets may be lower.

Strat

The mintages are going to be high, and that's always a danger sign. However, the demand for state quarters is very high every year. If you look at the price history of proof sets every year since 1999, you'll notice that they all have risen dramatically in value over their issue price. The only exception is the 2000 sets, and it's too early to tell for the 2003 silver set, which has just been listed in the greysheet. BTW, the 2003 clad set is already showing a gain over issue price. I don't think the 2004 sets will increase as high as the 1999 sets, because that was the first year of issue for the state quarters. I really don't expect any set to outperform the 99, and the long term future of these sets has to be uncertain, because the current insatiable demand for quarters has to let up sometime. Time will tell.