Falling Prices of Proof Sets and Uncirc Sets?

bstat1020

With the prices of the proof sets and uncirc sets taking a beating by the Greyseet this year, I begin to wonder why I continue to purchase 3 of each every year. I think I will be buying one from know on. But what to do with the ones I have? I have some for sale right now on the BST, but I think there might be a better way to sell them.

Do you think it is better to hold on to them, or to break them up and sell them as uncirc sets, especially the state quarters? What does a Dansco album of BU state quarters sell for?

Thanks for the input.

Brian

garsmith

I have my one set of each that I buy each year; for me they stay in the OGP.

ricko

Since you are not a collector, (at least it appears you are not, buying multiple sets and worrying about price), you should simply sell them for the best price you can get... cycles are long... and most (not all) of those sets stay at issue or a bit less. Some have gone much, much higher, but not recent issues. Cheers, RickO

jdimmick

Not to mention many dont even bring sheet. I price them at bid, and they just sit and sit. I usually have to discount them to 10% back to move them out. I get truck loads in at a time. I have a large deal this friday with about 5k worth of them coming in, and I dread it!

Jim

bstat1020

I am a collector, I have been buying these sets for my (2) daughters and (1) for myself since 1999.

Since that time I have seen the prices of these sets drop like a rock. When my two daughters get old enough to start collecting on their own, I do not want to hand them a bunch of proof sets that are worth 5 dollars a piece. I will be getting rid of these sets because I have already started a birth year set for each of them. You can see them in my sig line.

The question is not if I am a collector or not. Just a observation that I had and was wondering what you all thought.

Thanks,

Brian

keets

i guess "taking a beating" and "falling prices" are really terms which apply only to certain years and not to prices in general. many of the dates i chase have risen, an example being the 1950 Proof Set. i bought a Capital Holdered Set in November of 2007 when the GreySheet bid/ask was something like $520/$570. it now stands around $610/$670. other sets are good values depending on what you're buying them for. perhaps to buy them as issued from the Mint is what you're speaking about, and if that's the case you may be right.

bstat1020

Keets,

I am refering to the most recent sets since 1999, and yes buying from the mint. There are a couple good years in there that have sky rocketed, but for the most part they have fallen quite a bit.

The earlier years are doing quite well, ie your 1950 set.

Thanks,

Brian

halfhunter

I buy 2ea. of the annual sets per year, 1 to keep in OGP & 1 to break up for sets. I know that the prices on most years drop from issue but I like knowing that I'm getting these from the source and that they haven't been picked over. The occasional homerun ('99, '01, '04) kinda equals out the price.

BTW, Modern CRAP is

Reagrds, John

COINB0Y

Modern US Mint Proof Sets and US Mint Unc Sets are simply doomed.

They are debased coinage and the MINT strikes too many .

dpoole

You kind of have to forget about making much money with these things, ever. Oh, sure, you might score with a No S here and there, but by and large, you collect 'em because you like to collect coins.

My grandmother got me a proof set in 1954. That was part of what got me interested, and I've gotten a proof and mint set or two for every year ever since, even when I wasn't actively collecting coins during the dating/early marriage/child rearing phases of things. They're not worth very much even after half a century, but they're fun to look at, and are some history to pass on to the next generation.

cladking

<< <i>Modern US Mint Proof Sets and US Mint Unc Sets are simply doomed.

They are debased coinage and the MINT strikes too many . >>




Finally.

...The last road sign.

jgrinz

I used to have Proof Sets up to 1998 In NGC Multi Holders and saw them Not holding the Value I expected and baled on all of them from 1968 up to 1998. I kept the older dates 1967 back to currently 1950. These seem to be holding their own if in higher grades. Good luck unloading what you got . I did keep a couple of specials also ...
A few examples :

Bochiman

I like the multiholders but I see them as more a personal thing than something for value.
I think, most of the time, the individual coins will end up worth more because a lot of times people want to build their own set/look and do it coin by coin. Those that want something "ready-made" will likely want a bargain price (I know I do )