2004 Clad & Silver Proofs/Mint Sets

TerrapinWill

This is an area in which I find this board and all those who reply most helpful. Of the three, which is most likely to hold its value over time. Is it possible that all three could shoot through the roof, due to low mintages? I need your input...teach me....

1956Quarter

Everything being equal, I'd say the silver proofs should out perform the others. Historically, they have normally without the benefit of any shortages or low mintage numbers.

cladking

It's probably unwise to buy any coin based on the perception of future
price movement but many people do. This may be part of the reason that
these sets are doing so well. The demand wasn't completely satisfied because
of heir early removal from sale and owners are reluctant to sell because they
expect higher prices. This becomes a self fullfilling prophesy at some point.

Ultimately the price will be dependent on supply and demand. With huge
numbers of these being destroyed to make date/ mm sets and growing num-
bers of proof and mint set collectors there could be a strong market for intact
sets in the future. Keep in mind though that mintages of these are substantial
and maintaining a high price will require substantial demand.

kidd

I agree with 1956Quarter. the silver sets have more real value and to me have much more eye appeal. allthough nothing is a certainty,if you look at the values of proof sets, the silvers always seem to hold thier value better than the clads.

19Lyds

My experience has been that it is always a poopy shoot when trying to determine what is going to perform the best! So many times in the past I looked at what I had missed and wished I had purchased from the mint. 1956 quarter is correct though in that the solver proofs will fair better than either the clad proofs or the mint sets so if your budget restricted, get those.

To counter the "wish I hadda's" I just budget myself for 5 sets of each, every year regardless. That way I'll never say "I wish I hadda!"

Except for those dang 99 silver proofs! I really wish I hadda got a hundred or more!

TheNumish

It's too late to speculate on the 2004 11 piece clad sets since the buy on them is now at $54. It's also too late to speculate on the mint sets since the buy on them is now $50. Your only choice is the silver set. The set isn't a bad value since the the Sacagawea $1 alone is worth $15+ and the two nickels are worth $4 each. I've been trying to decide whether to buy more. If the set goes down you might lose $5 but if it goes up you could double your money or more. The only downside I see is there are a lot of people who didn't get the 11 piece clad sets and bought the silver sets instead. Might be a bigger mintage then other silver sets.

BillJones

It's hard say who is bidding up the 2004 11 piece clad Proof sets. If it is a lot of dealers who are suppling collectors, the set might be OK. BUT if it's Home Shopping Club getting ready for a promotion, you could be in trouble.

I saw on another thread that Home Shopping Club stated that 1999 silver sets were worth $500. Since "bid" is $235, I think that I could live with that mark-up if I were them.

A couple silver sets have not been good investments at all despite the fact that these sets are far more attractive. The 2000 set is bid at $27.50 which is under the issue price. Ditto for the 2003 set.

TerrapinWill

What do you mean "if its shopathome you're in trouble?"

BillJones

<< <i>What do you mean "if its shopathome you're in trouble?" >>



In the past mass marketers (from a COIN Industry perspective) have bid up the prices of things like Proof sets and mint sets to numbers that normally would not be justified. For example one outfit put mint sets into specially prepared annual "collector pages" and changed a flat amount for each year of a run of sets. For some years, they were charge $45 plus excessivel postage (I can't remember the exact numbers) for a set a coins that was worth $2. To keep the string going they had to buy certain mint sets, which in some cases pushed prices up the levels that could not be sustained over the long run. Even if the marketer lost on a couple sets, they made so much on the rest that it did not matter to them.

relayer

I don't have any 2004 Mint Sets - so that's the one that will skyrocket

GTOster

I have Been buying Proof sets from the mint for Years
And I must say
It's a crapshoot as to which sets will climb or dive for that year
I have broken about 20 sets this year total for singles 2004 It seems the set is worth more as a set
To where I broke about 50 sets last year for singles 2003 It was a year for singles
Only The Shadow Knows

Paul

TerrapinWill

I couldnt help it...i had one and bought five more 2004 mint sets for a total of 200...i'm betting the mint set will go up..and hold it's value over time, plus legitimately low minatge figures might push the set way up....as for the silvers, im gonna keep on buying as many as i can for $37 from the mint...the clad sets I'll be happy to make a few bucks on re-selling them.....

Nickelback

I'm all for the silver sets! The numbers produced are high but a lot are being broken out out and remaining sets will command a premium over clad sets over time. Those collectors who aren't interested in the high end market keep the sets they receive, and (perhaps) most of the people who order from the mint are just interested in numismatic history or amature collecting...which I hope is the case.

MoneyLA

Are there any mintage figures yet on the 2004 clad/silver sets?

daily updates on prices is appreciated.

many thanks, alan mendelson

BAJJERFAN

<<"The demand wasn't completely satisfied because
of heir early removal from sale and owners are reluctant to sell because they
expect higher prices. This becomes a self fullfilling prophesy at some point.">>

It might also be be that owners are reluctant to sell now because their is no guarantee that they will be able to reacquire the same item at a lower price in the future. I regretfully sold one of my 2004 mint sets to a friend who got caught with his pants down when the mint sold out/stopped selling them. I don't plan to replace the thing at current prices and I don't see prices falling back to issue price anytime soon.

WACoinGuy

I bought 5 2004 proof sets when they came out, but most of them were not for me. I had four friends who either had babies in 2004, and I bought them as presents for them. Only one of them is staying in my collection. Oh well, at least it will be a good gift for the kids...

MoneyLA

I keep hearing that the shortage of clad proof sets was caused by some "big company" that bought 'em up for some sort of promotion.

anyone else hear anything?

retail price today (1-4-05) was $68 at local store. prices near you?

thanks, alan mendelson

raycyca

I think the 2004 clad proof sets and the 2004 mint sets will doo pretty good-shortterm. The clad proof set will stay up and have dips. The mint set should come down in the future. A lot of buyers are speculators and buying also for the state quarters. Every coin is/was available in rolls from the mint. Not the proofs any more. But, take this with a grain of salt. I also bought 20 of each tje 1976 clad proof sets because my dad said they would go up in value-now I have 20 sets that I can buy cheaper than issue. The 20 soilver 2000 proof sets are also below my cost. I have bought several 2004 clad proof sets of E-bay and my local dealer when below $50. When the dealers are paying over $100 in a year from now I'll be wishing I bought more but I only need two for my collection so I have a few "spares" which will be sold to get coins that I need/want next year. Ray