Why the rise in British proof set prices?

coinpictures

My local dealer bought this 1950 British proof set earlier this week as part of a collection. He sold it to me based on a Krause value of $75. Imagine my surprise when I got it home and it actually lists for $125 in the 2006 Krause. So I figure he's using an ancient Krause... no, he's using the 2004 edition. Hardly out of date by any stretch. So I go and check my 1996 Krause... $60.

1996 - $60
2004 - $75
2006 - $125

Definitely seems to be a recent jump rather than a long-term gradual increase.

Any idea why?

1. It's now too high in Krause.

2. It was previously undervalued in Krause.

3. It's a dollar versus Euro/Pound Sterling thing.

4. Greater demand recently.

5. Other

cladking

It's probably a little too high now. It's tough to say since moderns have been getting a lot more interest worldwide and Great Britain is no exception. These have always been readily available though a lot are tarnished.

I like this set and do believe it has potential but it might be a little ahead of itself right now.

7Jaguars

In general the market for British has been climbing, and a really nice 1950 set could indeed go for 125 USD. Many have been mishandled and some even oxidized within the issue case. Your case looks pretty good, the coins average (if you don't take offense). The 1937 set has in recent years been flirting with the 300 USD mark and has gone past it in English auctions. Remember that the 1950 has the penny which people really like and may go fairly readily at 50 & the threepence is realistically a 30-35 coin if nicely presentable; this leaves SEVEN other coins that would total more than 40, and so the price.

It seems that just as quality here fetches big prices if slabbed PCGS or NGC, that quality (in more subjective terms) is bringing better prices for British material. As you might guess, I think it very important to look at the coins in the set for quality of surface, strike, color, etc.

ajaan

Last year I sold a 1950 and 1951 Proof set for over $150 each. They were nice sets in original plastic film.

7Jaguars

PS I would say Krause is right on the money if a little conservative on a choic 1950 set since Spink has them listed at 100 POUNDS in their '06 edition which would make them at about 182 USD!

bidask

<< <i>My local dealer bought this 1950 British proof set earlier this week as part of a collection. He sold it to me based on a Krause value of $75. Imagine my surprise when I got it home and it actually lists for $125 in the 2006 Krause. So I figure he's using an ancient Krause... no, he's using the 2004 edition. Hardly out of date by any stretch. So I go and check my 1996 Krause... $60.

1996 - $60
2004 - $75
2006 - $125

Definitely seems to be a recent jump rather than a long-term gradual increase.

Any idea why? I think Krause is out of date.

1. It's now too high in Krause.

2. It was previously undervalued in Krause.

3. It's a dollar versus Euro/Pound Sterling thing.

4. Greater demand recently.

5. Other





>>

Tyrock

I have the same set. I bought it back in 1987 for $30.00. It's one of my favorites.

theboz11

Taking into account the reduction in the value of the dollar would account for a good portion of that difference. There has been a 10% drop just this year.