1999 Proof Sets
100proof1957
Posts: 6,231 ✭
Decided i wanted the state .25 in the clad and silver sets.
whats the deal with the 1999 ?
whats the deal with the 1999 ?
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i want to pick up all the sets from 99 up in clad and silver.
thanks for the links,does explain the price because of the mintage figures,they will never be "RARE" but ya wont lose your arse either.
What kind of prices are expected or are getting for the 02, 03, and 04 silver proof sets? Not as high? What should I pay for them from the dealer?
Thanks!
CD
The 2000 sets are still cheap, around the original purchase price. The mint just started selling the 04 silvers sets, so you can get in the ground floor with those (around $38 w/o shipping). The 03 sets are starting to inch up in price, but you could probably find those close to their start price. The 02 sets are oftentimes going for double their original price....
<< <i>what i should have said was,
i want to pick up all the sets from 99 up in clad and silver.
thanks for the links,does explain the price because of the mintage figures,they will never be "RARE" but ya wont lose your arse either. >>
I would not bank on "never losing money" on the 1999 Proof sets.
Currently the state quarter program is in the middle of its run. There is still a group of the collectors out there, myself included, who look forward to the new Proof sets every year. Once the program reaches an end in 2008 these coins will be archived into the U.S. series as “obsolete coins.” The question is will there be new collectors entering the market to support the high prices for the 1999 sets, or will the number of Proof state quarter collectors remain fairly static or even decline?
Historically older Proof sets from the 1960s onward have not performed well financially. The most often seen pattern has been that there was a flurry of activity when a set was issued which resulted in temporarily higher prices. Then when the novelty had worn off, interest in the sets settled back down, and the prices followed them.
A lot of 1999 sets have been broken up to be slabbed, put in albums or sold as single coins. Therefore the supply of intact sets has been reduced. Will continuing demand support a bid price of $232.00 for the 1999 silver set? I don’t know, but if I were a betting man, I would say no.
I think that forming a set of these Proof sets is a great idea for a collector if you can afford to do it. The coin are attractive, and they will always have a collector appeal.
I would not want to invest in large numbers of them with the idea that you are going to make money on them in the future. The opposite could be true. I think that the 1999 sets will always sell at a significant premium above their issue price, but sustaining the current prices or watching them increase by large amounts in the future might be a risky bet.
any time soon, if ever, those sets are bound to remain high priced if not just keep steadly going up.
with coin collectors, i,ve found that money is no object when it comes to desirable coins, and these are
possibly those kind of coins..least they seem so so far.
it wouldnt surprise me that if in 20 years you couldnt touch a `99 silver proof set for under $2,000
I just doubt they,d be $250 in a time span of that length, or even 10 years,,,would it shock anyone to see them
going for $800 a set then?
but who knows,about the future, one thing is for sure, nothing is for certain.
$800 for 1999 silver set ... maybe. But the 1950 Proof set, which had a mintage 51,386, is now bid at $520. There are a lot of factors that push that price up and down (see list below), but overall that's an indicator of how prices can settle down after a set become obsolete.
Positive and negative factors concerning 1950 Proof sets:
1. Many 1950 were dull and unattractive from the get-go.
2. Some 1950 sets have been broken up to get the cameo coins. More have been broken up to get the high grade non cameo coins for slabbing. Bottom line: many of the 51,386 original sets have been broken up.
3. Many 1950 Proof coins have been dipped to death. Many of these coins end up offered in the sets.
1950 Proof coins do sell for premiums, but the big premiums are reserved for the Cameo and high grade coins.
I tend to agree with you.
if you pony up today for the 99 set and it goes down by half,its no big deal.
i wouldnt tie up a wad o cash on the come,just one set each for a collection.
with the 2009 Lincoln uncertain,you might end up with a nice 11 year run of proof sets that would have all the state .25 and the 100th anniv Cent,would be pretty cool and wont bust the bank !
the 2009 set will be what 5 or 6 coins, i could see an Ike sized Reagan dollar in there somewhere,maybe even a 2009 VDB wheat reverse !,that should book end the state program nicely.
then you have new parents with kids born in the middle of the state program and ya might get a little price support from that sector.
get rich on speculation ? not likely !
Proof