2004 proof set

jdp2

Howdy y'all. Haven't been here in a while. I hope everyone had a great Christmas.

I have a little problem here. My mother gave me a 2004 silver proof set for Christmas. This is good but I usually count on her giving me the clad set since it is about $15 less on the U.S. Mint site. My guess is she bought it after Thanksgiving when the clads ran out. Now I have 3 silver sets and no clad set. The clad set is getting rediculous now and it looks like I am not going to have a complete collection unless I pay 3 times the regular charge for the thing.

I need a little advice. Should I bite the bullet and get it now before it goes any higher, or should I wait and hope reality sets in?

Next year I will pruchase one of each and not worry about which one I get for Christmas.

Glad to be back.

Jdp

endzone

You'd better get one now.
They will increase in price,
until the 2005 sets come out.
Sam...

jdp2

Wow, did this thread drop off fast. I guess I am going to have to bite the bullet on this one. I will wait if someone has any ideas.

Thanks,

Bochiman

My guess on it is that it will go up a bit more, stabilize for a few years, maybe increase a little more, then come back down a bit after 5-10 years....but, not to the issue price.
Get it now if you want it now...or wait 6+ years and hope it isn't cherrypicked to death and it does come back down.

Conder101

Use one of the surplus silver sets as part of the payment.

ttown

I'd say a lot of us will be selling ours before long. Supply will out stripe demand in a year or so IMO. I dumped my 99 siver sets at $250. These sets aren't good long term invertments so wait and buy one in a few years after the rush is over.

Rampage

I agree with the aforementioned. I sold my 1999 sets, too. I also sold my 2000 and 2001 sets. Have not bought any since then.

ksteelheader

<< <i>Use one of the surplus silver sets as part of the payment. >>



Good advice!

LanLord

<< <i>

<< <i>Use one of the surplus silver sets as part of the payment. >>



Good advice! >>





I thought it was interesting the week before Christmas I was in a coin store and several people came in at once looking for 04 PROOF sets.

The guy behind the counter said, "We have only 3 left, 1 clad, 2 silver and they are all $69"
Turns out the first person there bought all three.

I had a difficult time not opening my mouth and telling people that they could go to the mint web site and get silver sets for half that price.
But I thought as long as I'm in someones store, that would be poor form.

Bochiman

So, Lanlord,

Seeing/hearing what you did, did your opinion of that store/dealer change?
Do you negotiate with the dealer when you buy items?

I can actually understand the price on the clad.....that is close enough to going rate. The 200% price of the silver.....well, that is a different story (yep....the dealer has to make money, has to pay for overhead, etc etc etc.....too bad it is doing it like that)

golddustin

Hey - the dealer just named his price, nobody was forced to buy anything......of course, he did have 2 other potential buyers in line. At that point in time, could the customer have gotten an order from the mint in time for a gift? Could he (or you) even be sure that the mint wouldn't be sold out by the time he placed his order? It turns out he could have, but it wasn't a given.

TerrapinWill

I was lucky enough to get two sets at original price and another 5 at a premium, but not as high as what they are going for on Ebay right now. I saw one 2004 Clad Proof already sell for $70 and they are appearing less frequently than just a few days ago. I am personally going to continue to buy the 2004 Silver Proof sets, as I feel they will be worth more in time. Personally I think they are going to keep going up. If they were over $100 in two weeks I wouldnt be surprised. With the low mintage and the demand....anything is possible, just look at 1999 & 2001 Silver Proofs.

ttown

So how many times is this going to happen before some people wake up. The mags and the "you'd better buy it now" always drives the price up in the short term but in a decade these sets will be selling for what they should have. I remember selling a 1982 1 oz Panda for 3 grand in the mid 80's only to buy it back in 1999 for under $600 and it is a rare coin. The various mags and coin firms seem to promote an item for a time and after the craze is over they drop to levels they should have been from the start. Not that I've been around the coin market much in the last 15 years but it doesn't seem like it's changed in my 38 years of collecting................

rb7557

I bought 5 clad sets when they first came out. If they hit $100 I'm gonna sell em and add a nice quarter to my registry set!!! Does anybody have the actual mintage figure???

LanLord, that's a hard situation you handled. Been in it myself. Its really tough when you see somebody selling something you need. I have just had to walk out the door and wait for my local dealer to do his buisiness, cause I was afraid I would open my big mouth and make the seller a better offer. I just don't feel that's my priviledge in his store, whether he's giving the guy a good deal or screwing him royally. And I have seen this dealer do both