What do tou think about silver proof statehood quarters?
billdauman
Posts: 33
As minted about 800k were produced...grading services appear to have graded probably less 5% with a majority in PR69.....these are selling between $20-$60 depending on the year....
Are these the closest thing to a modern rarity?
Or in years to come will these be very common even in PR69?
I know you all won't hold back on your comments.
Bill
Are these the closest thing to a modern rarity?
Or in years to come will these be very common even in PR69?
I know you all won't hold back on your comments.
Bill
0
Comments
As minted about 800k were produced...
My posts viewed
since 8/1/6
in quality and there will be few of the very best and very worst. Grade rarity is only
a factor if there is demand for both the coin and the grade. Since collectors appreci-
ate quality and old coins the finest of them will likely always carry a significant premium.
Te premium and the specific demand for quality will always be dependent on several
factors. One of the greatest is probably the range in quality and how much improvement
is available for the buyers money. Few buyers will be interested in paying large mult-
tiples for small improvements in quality but might not flinch at paying a lot more when
the quality difference is great. There are also always going to be some buyers for the
very best quality regardless of this range or the added cost.
There are many modern rarities but none of them are regular issues. As far as grade
rarities are concerned there will likely be more interest in coins with the larger ranges.
It's interesting that even where the range in quality is huge that there is so little de-
mand for the modern coins that they sell for a tiny fraction of what an old coin of sim-
ilar absolute rarity in that grade would sell for. This is even true for coins where the
undergrades are also scarce.
It seems probable that this will change in time due to the explosive growth in the num-
bers of collectors for more recent issues.
<< <i>Your average Joe/Josephine can't afford gold though. >>
The most common modern commemorative gold coins are selling for $110 to $120. That is not a huge premium over melt. If these silver state quarters get to that level, I don't think they will be that attractive to Joe and Josephine either.
The silver state quarters are GREAT in the original mint packaging, but I hate them in slabs. I won't buy one in a slab for half the bid price. As for rarity with a mintage of 800,000 and a survival rate of close to 100%, it will be a cold day in
I realize that on some level it must be a suppy/demand issue- just that there are more clad sets minted, and all else equal, most would prefer a silver set to a clad one.
Don
<< <i>I realize that on some level it must be a suppy/demand issue- just that there are more clad sets minted, and all else equal, most would prefer a silver set to a clad one >>
I think that it has to do with marketing and promotions. Perhaps the monkeys at Home Shopping Club or some other boiler room outlet bought these things up and pushed up the bids to feed to the fish. There was a story in Coin World that the mintage on the 2004 clad sets was the lowest since 1960, which kept the ball rolling. In 1960 the mint issued almost 1.7 million sets. That's still a lot of coins.
If I were a betting man, I would not want my money in 2004 clad Proof sets @ $60 a piece. I don't see how that is going to hold up in the long run. But since I'm considered to be a "modern basher" that means that I'm probably wrong. Still I'd rather have a 2004 silver set at its current price than a 2004 clad set at its current price.
thanks for the reply. To further ask- what if I were to give you one or the other, with respect to resale 5 years from now- which would you choose?
I'm flummoxed, because it seems to be a situation where s/d are out of whack... there are still significantly more clad sets than silver-m 1.8 to 1.0 or so?
The State Quarter Proof sets have been a special case because they represent a (so far) unique 10 year set. There is still great interest in them from 1999 to the present because people are still actively interested in State Quarters. What will happen after the current State Quarter series is completed? Who knows? My guess is that the mint will start something else and interst will slowly fall. That's why I would not want to have a huge finanical interest in them. The supply is pretty high, ditto for the survival rates; and there is a chance that collectors will "turn to the next page" and interest will decline.
No they would not be for me. The wife has a bad habit of finger printing her coins so a nice clean slabbed Oregon quarter would solve her touchy problem.
Ken
No other mint product more closely approximates a Franklin Mint product. Why, if FM could make em without havin to put "COPY" on em, they would be an immediate sellout as a "limited edition."
Yours to enjoy with your family for years to come. A historic reminder that not all collectibles have to actually BE coins to be SORTA like coins. AND....with the valuable addition of being FULL NON CIRCULATING LEGAL TENDER, these wonderful mementos will be a cherished family heirloom. Operators are standing by.
Gee, PROOFS used to be specially struck specimens of real coins using perfect planchets and special handling and packaging.
How primitive.
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
I think the silver shines much better than clad. Side-by-side the silvers blow away the clad proofs.
they make a great showpiece set in lets say coin would black slab type holders
or if you can buy them in ngc/pcgs holders at no premium what you would buy them raw that look deeply mirrored and with great eye appeal
to spend extra money for a piece of plastic where if you broke the coin out of the holder it loses 70% 80% 95% or more of its value
just is not something i am comfortable with
if you are then that is great as long as you know and understand what you are buying
also do the sweet spot figure at what point the coin sells for in the slab dor what you would buy it raw for and get this grade just before the one or two point jump thaYT MAKES the coin many of hundreds? of times more in price
as for me i am sure there is a difference but it is soooooooooooo slight that it makes no difference to me
as i can have one dollar in pennies and only i have this one dollar in pennies and i can have hundreds of piles of 99 cents in pennies
is the onr dollar pile sealed in a holder with a special certificate good? yes yes
but i would rather have the pile of 99 cents in pennies for lotsa lots less
buy what you enjoy collecting with money you can afford to lose
"It's interesting that even where the range in quality is huge that there is so little de-
mand for the modern coins that they sell for a tiny fraction of what an old coin of sim-
ilar absolute rarity in that grade would sell for. This is even true for coins where the
undergrades are also scarce."
Totally agree with cladking on this one. I'm getting two sets per year and will hold on to one of them depending on demand.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
The State Flag idea by PCGS was simply genius and has attratced many new buyers. I called David Hall Rare Coins a month ago to get another 2004 set for a birthday gift and they were sold out, so I know there is some demand there for them.
When it's all over in 2008, I will probably get all 50 framed. Will make a nice picture on the wall.
As for long term value, who really knows? I see on eBay that the 1999 sets go for around $250 or more and I paid $150 a few years back, so I feel good about them. For a buy and sell within a year or two, this may not be the best pick. But if you get a set and hold them for 40 years. Who knows? Who really knows?
I dislike all of the state quarters that have that Microsoft Clip Art look to them with a bunch of tiny pictures crammed into that little space.
I like the portraits much better (Delaware, New Jersey, Conneticut, Vermont, etc.)
Just my opinion.....
<< <i>These are GREAT!
No other mint product more closely approximates a Franklin Mint product. Why, if FM could make em without havin to put "COPY" on em, they would be an immediate sellout as a "limited edition."
Yours to enjoy with your family for years to come. A historic reminder that not all collectibles have to actually BE coins to be SORTA like coins. AND....with the valuable addition of being FULL NON CIRCULATING LEGAL TENDER, these wonderful mementos will be a cherished family heirloom. Operators are standing by.
Gee, PROOFS used to be specially struck specimens of real coins using perfect planchets and special handling and packaging.
How primitive.
There are a few reasons that the silver sets can sell for less than the more
common clads. The largest is likely that many newbies who collect these
coins are not even aware of the existence of the silver issues. But many col-
lectors of these coins are much more sophisticated than they're often given
credit for; they simply don't buy them because they are considered to be NCLT.
Silver is great and makes a very attractive metal for coinage but these simply
are not representative of circulating coinage.