2008 Silver Proof Sets - SOLD OUT
MMR
Posts: 372
Mint web site indicates as expected "Product is no longer available". Does anyone have the final mintage? How did this play out? Where they HIGH, LOW or AVERAGE? as expected
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Comments
<< <i>They were up for a full year and were pulled to list the 2009 Silver Mint Set today. Nothing to get excited about. >>
True but that term "Sold Out" conjures up different meanings to different folks............BTW, No longer Available and Sold Out could mean two completely different things but thats a different thread.
I think final production figures will be available over the next year or so. Also its important to remember that the total "sold" may not and often times IS NOT the total produced.
Bottom line, if the US Mint produced way more than what was sold, it is possible to get legislation passed to sell off the remaining inventory (whatever that might be) at some later date.
It happened in 2001 with the Silver Proof Sets and again around 2004 with the 2001 Kennedy Halves.
So..........Lurkers.........be careful out there when buying 2008 Silver Proof Sets and try not to let that term "Sold Out" eat into your pocket book. (Or common Sense)
The name is LEE!
<< <i>They were up for a full year and were pulled to list the 2009 Silver Mint Set today. Nothing to get excited about. >>
ditto...
Oh. Just as a side note: I asked about mintages BTW not for a round of modern bashing, but whatever, if it makes you guys happy to bash, then I say enjoy!
<< <i>Yah. You guys are 100% right. Value is always determined by how long something was on sale.
Oh. Just as a side note: I asked about mintages BTW not for a round of modern bashing, but whatever, if it makes you guys happy to bash, then I say enjoy! >>
I don't think mintages are ever published until a year or so after the last internal US Mint audit on coin production. They typically only report on the number sold up to that point in time and surplus inventory is always subject to resale.
No bashing intended but the rules have all changed given the current economic situation. 2009 nickels and dimes have not been produced since May and I see no reason why, if they have surplus inventory on these sets, that they would intentionally destroy a perfectly good product that has labor dollars associated with it. Their production was intended to make money for the US Mint and destroying that surplus certainly won;t line their pockets with cash.
The name is LEE!
<< <i>According to the latest NN stats...about 775,000 as of last Sunday. BTW Sold Out is a misnomer for a lot of Mint products, since they are automatically withdrawn when a new issue starts...Proof Sets, Unc. Sets, State Quarter Rolls, just to mention a few. >>
Thank you sir! You are a true gentleman and a scholar. The question now is, how does this compare to previous years?
<< <i>Don't get all excited now, look for at least one final curtain call when that " Final Clearance" happens.
Ah dang!
775,000 is W-a-a-y less than the 1999-S Silver Sets at 804,565!
I'm sure there will be an informative lesson coming up here shortly as in "Why don't the 2008-S sets command anywhere near the premium of the 1999-S Sets?"
Maybe I should sell my extra 2008 Sets?
The name is LEE!
<< <i>
<< <i>Don't get all excited now, look for at least one final curtain call when that " Final Clearance" happens.
Ah dang!
775,000 is W-a-a-y less than the 1999-S Silver Sets at 804,565!
I'm sure there will be an informative lesson coming up here shortly as in "Why don't the 2008-S sets command anywhere near the premium of the 1999-S Sets?"
Maybe I should sell my extra 2008 Sets?
REALLY???
If they would have left them like in 1999 and other years, people wanting any proof coins would have needed proof sets, and this mintage would be low (relatively speaking). Now, it is a hybrid of numbers that have to be looked at as many people contented themselves with proof coins from the smaller proof sets (of dollars or quarters).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>By offering the dollars and quarters in separate holders for sale, in addition to the proof sets, they have reduced the amount of proof sets sold or wanted.
If they would have left them like in 1999 and other years, people wanting any proof coins would have needed proof sets, and this mintage would be low (relatively speaking). Now, it is a hybrid of numbers that have to be looked at as many people contented themselves with proof coins from the smaller proof sets (of dollars or quarters). >>
Excellent points Bochiman. Thank you for the education on these. So, basically the Silver Kennedy Half is the only item in these sets that might be genuinely rare? Is that a correct conclusion?
Will the 2009 Uncirculated Mint set be business struck coins, or will these be "satin finish" ? Some collectors have contacted me for the "new nickels and dimes" and my trusted source is without. What should I tell these friends of collecting ?
Any insider knowledge ?
$52.95 for the 2009 Silver proof set should create another "low" output, as well. Funny how it all works.
<< <i>
<< <i>By offering the dollars and quarters in separate holders for sale, in addition to the proof sets, they have reduced the amount of proof sets sold or wanted.
If they would have left them like in 1999 and other years, people wanting any proof coins would have needed proof sets, and this mintage would be low (relatively speaking). Now, it is a hybrid of numbers that have to be looked at as many people contented themselves with proof coins from the smaller proof sets (of dollars or quarters). >>
Excellent points Bochiman. Thank you for the education on these. So, basically the Silver Kennedy Half is the only item in these sets that might be genuinely rare? Is that a correct conclusion? >>
The dime as well.
And, even at those mintages, I wouldn't consider them rare
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>Don't get all excited now, look for at least one final curtain call when that " Final Clearance" happens.
Ah dang!
775,000 is W-a-a-y less than the 1999-S Silver Sets at 804,565!
I'm sure there will be an informative lesson coming up here shortly as in "Why don't the 2008-S sets command anywhere near the premium of the 1999-S Sets?"
Maybe I should sell my extra 2008 Sets?
The 2007 silver proof set had a mintage of 677,996.