Why are the 28 coin 2008 satin unc. mint sets $45+ ???

2manycoins2fewfunds

Why are the 28 coin satin finished uncirculated D+P mint sets selling for $45-$50??

What is driving it??

cheezhed

Demand?

2manycoins2fewfunds

<< <i>Demand? >>


.............................................

These things usually never sell at a post market premium.

What is driving this set??

TwoSides2aCoin

chock full of dollars ?

TwoSides2aCoin

.... isn't that why the government printed up trillions of dollars ? So you could afford the mint offerings

TwoSides2aCoin

you can get two for under a hundy


I'll take one on eBay for less than the issue price, Alex ! (Today's Jeopardy category)

keyman64

Maybe they are blaming it on the high oil prices and the production of the fancy packaging? Even though there are a couple of coins I would not mind owning from them, I have not bought from the mint since 2003 I think.

CaptHenway

In the Fall of 2008, the Mint cut off sales of Proof and Mint Sets early, in October IIRC. I was working at the coin shop at the time, and it left us in the lurch because we had not made our order of Mint product for Christmas sales yet. Other dealers were caught the same way, and the prices went up on them.

I'm not sure if it had anything to do with the huge demand for silver eagles, with the Mint redirecting resources to producing them, or the general review of coin inventories that the Mint and the Fed did around that time that resulted in drastic reductions of coin production in 2009.

TD