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1999-2008 silver proof sets where will the price go?
Topcoin
Posts: 143
When the silver proof sets are done being minted in 2008 will the price be substancialy higher or will the price drop with the market being flooded with complete sets? I am curious right now because on eBay the 1999-2006 silver proof sets are going for $750.00
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The Presidential dollars will be a cross-over series so some may hold and continue collecting until that is complete as well.
Then the Mint will dream up another cross-over before the Presidents end...and so on..and so on...
If you've grown tired of the State Quarter series, or proof sets in general, sell now in my opinion. If you enjoy them and plan to keep collecting than the value is irrelevant. Just continue to enjoy them.
collections: Maryland related coins & exonumia, 7070 Type set, and Video Arcade Tokens.
The Low Budget Y2K Registry Set
are still millions who don't know about mint marks, proof, varieties, and silver. As
they learn about such things they are keeping a steady demand on the silver PR
sets as they become available on the secondary market. The rate at which they
become available is a complicated interplay between price and what owners are
willing to sell for. As the program winds down more and more holders will want to
sell to get the best price before the market reinvents itself after the Hawaii issue.
The common assumption is that long term prices will be down and for common coins
this is probably true. But there will be millions of people looking to complete their
with coins they never found in circulation and the issues they hadn't known existed.
Information will quickly become more available since articles and books will be writ-
ten about the series. It will be possible to put together a complete set from circu-
lation so many procrastinators will attempt sets.
I'm guessing there will be a run up in anticipation of the end of the series and then
blowoff that will encompass most of the coins. This should be followed by the better
and higher grade coins rising right back up to new highs. It's unlikely there will be
more than a few million people collecting these in ten years but if they demand the
silver issues then prices will rise and the rise could be substantial.
Talk to these people when you get a chance. It can give you some insight into what
they'll be doing later.
Are you saying that I should hang onto my raw 1999 silver sets? I had planned to keep them for my retirement in 15 years.
Still a go? (not the retirement but keeping the sets)
<< <i>So cladking:
Are you saying that I should hang onto my raw 1999 silver sets? I had planned to keep them for my retirement in 15 years.
Still a go? (not the retirement but keeping the sets) >>
Don't ask me.
Ask the kids and young adults who are collecting these now if they'll still be interested in the future.
My best guess is the cheaper silver sets will enjoy a larger percentage gain but the '99 is different in
that it probably has a little higher attrition. It might also be a good idea to wait to buy at the blow-out
if your only interest is monetary.
Time will bound and leap right by these years and then we'll know.
The Presidential Dollar sets will become the new hot item.
WH
BST successful dealings with:MsMorrisine, goldman86
My thinking is that the silver sets in original packaging will be a long term winner.....
If and when proof sets get popular I think all of them could be winners.....
I do not see the 1999 making is large gains any longer; those who want those sets now have them for the most part. The new time collectors that have been brought into the hobby with the quarters are now older, have learned more, and will be moving on to other series if they are still in the hobby.
I suspect the 1999 will begin a slow decline in price (but will remain the key set for some time). The sets with the silver quarters will tend to move towards each other.... the 1999 will move down in price, but eventually the cheap ones may move up a little more as time goes by.
Just my opinion only!
<< <i>I just sold two sets to a Mom and Pop coin shop for $900.00 each. They didnt even balk at the price. >>
if someone wants my 1999-2006 sets for 900 delivered, please PM ME
<< <i>I finally decided to sell my silver proof sets as my coin collecting is shifting away from modern coins. I believe the market is going to be flooded with the complete sets as the only key dates are 1999 and 2001 due to mintage. Your opinion? >>
I don't believe the '99 and '01 are really "key dates". There's not that great a difference
in mintage. In the long run there probably will be less difference in price.
When interest dies down, mintage numbers die down because these sets are made on a "by order" basis.
When interest peaks, so do mintage numbers. 1999 was hot because interest was stymied for some reason or other. 2000 was flooded because people jumped on board after seeing less than a million proofs sold in the year of inception. You see, a lot of dealers wait on the numbers before loading up on inventory. It's a game of economics. Then, 2001 was hot, 2002 died down... it's a pattern folks.
Nobody knows what the "MASSES" will do. Well, I take that back... Advertisers know, Pros know, Insiders know... but the masses don't. We are led like cows into the slaughterhouse.
Keep in mind, those of you who read the boards may be part of the masses, but you get insider's information.
The game of coins is fun for those who have INSIDE information or those who are diligent in cherry picking, or bought a bag full of smoothies, or ???
It's about COINS !
Each person's opinion is important whether it's wrong or right.
Nobody gets out alive !
I don't like opening the eyes of the masses cuz I like cherry picking, but...
DID YOU ALL KNOW that there is a 1999 Proof Cent where a business strike die was used on the reverse ? A "CLOSE AM" is the resulting coin. And just to create MASS hysteria, check out the price on a 1998 Proof cent with the "CLOSE AM".
Watch the prices of the 1998 Proof Sets shoot up now. Why ? Because knowledge is earning power. People will rush out and search for CLOSE AM cents now. It's the way it is. I'll stick with my original post.
History repeats itself !
UP !
Excellent point, the slaughter house being the Mint, right?
<< <i><<Nobody knows what the "MASSES" will do. Well, I take that back... Advertisers know, Pros know, Insiders know... but the masses don't. We are led like cows into the slaughterhouse.>>
Excellent point, the slaughter house being the Mint, right? >>
Amen (it's Sunday
That said, I don't know if I am typical, but I think that many people probably got tired of the SHQ's and stopped collecting them en masse at some point in the series existence.
I think the prices will go up because people will realize they are missing certain states and whole years and will want to complete their collections. However, I'm usually wrong about these things. I plan on keeping my mint sets and after seeing what happens to the single coins I will turn my hoard in to the local bank. I probably have $200 in those coins that could go to a really nice coin.
Jonathan
<< <i>I just sold two sets to a Mom and Pop coin shop for $900.00 each. They didnt even balk at the price. >>
Two sets of which year? 1999 is going for about $350 tops on eBay. Do you mean all years inclusive?
Jonathan
Thanks
Kip
<< <i>Where does a person find a price list for the modern stuff that is close to real??
Thanks
Kip >>
The completed auctions on Ebay will get you in the ballpark.
<< <i>
<< <i>Where does a person find a price list for the modern stuff that is close to real??
Thanks
Kip >>
The completed auctions on Ebay will get you in the ballpark. >>
Thanks, I had forgot about that. Appreciate it
Kip
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
Its been fun with him but we see the writing on the wall and now may be a good time to exit. With only a year left it seems a shame but on to better things I guess. The value of us spending time together is worth more than can ever be calculated.
Ronn
<< <i>I'm getting rid of my remaining sets for two reasons: first, I have a profit that I can realize with the sale; and second, I have no interest in these coins any longer. >>
same here, only mine are already gone........$750+
<< <i>Having all the slabbed silver sets through 2007 and all business strikes in MS67 to Montana. I think my grandson and I will dump them and look for something else that might have value when he grows older.
Its been fun with him but we see the writing on the wall and now may be a good time to exit. With only a year left it seems a shame but on to better things I guess. The value of us spending time together is worth more than can ever be calculated.
Ronn >>
With only a year left, I wonder if thats a good idea to exit??