Silver state quarter proof sets...

comma

I have the full 1999 and 2001 silver proof sets. They are the 2 highest valued of the state quarter sets...
My question is...is it worth holding onto these or just sell them? I have no interest in the state quarters, these were a Christmas present when they first came out.
Any ideas if these will go up in value or go down?
Thanks!

pontiacinf

sell em, their value has gone pretty much caput over the years
1999 was selling for $350 now $100 if your lucky
2001 the only money coin is the 2001 proof sac and that has gone down also.

keyman64

A few years ago I sold my 1999 for over $300 and my 2001 for about $150-180 if I recall. Due to the quantity that exist and the demand that seems to be dropping....you have to decide for yourself.

crypto79

Magic 8 ball says:

Outlook not so good

jmski52

Both sets were, and still are the keys for the State Quarter Series. They were overvalued, and I estimate that they have now become fairly-valued. It's a toss-up as to whether or not they are worth keeping as an investment.

BillJones

When it comes to modern Proof sets, the rule of thumb is the older they get, the lower their market value. When it comes to these coins it seems that the catch phrase for collectors is "out of sight, out of mind."

jmski52

Bill may be right. On the other hand, it does seem that if it is made of silver and since the Mint is still producing silver quarters in sets - eventually it will be collected.

One of the reasons that the price of these sets has come down is because of the rise in the price of silver. There is always an inverse relationship between the bullion value and the numismatic premium for modern precious metal coins. This is the first real "washout" we've seen for these particular moderns. As silver trends higher over time, the silver quarter might well become the "sweet spot" in collectors' budgets, and in that case the premiums for keys in high condition will come back with a vengeance.

comma

Ya, I remember when I could have easily sold the 1999 for around 400 but I didn't want to sell it and hurt my dad's feelings since he got it for me for Christmas! Oh well...you live and you learn!
Hard decision..at $100 it's almost not worth it to sell either way...

crypto79

<< <i>Ya, I remember when I could have easily sold the 1999 for around 400 but I didn't want to sell it and hurt my dad's feelings since he got it for me for Christmas! Oh well...you live and you learn!
Hard decision..at $100 it's almost not worth it to sell either way... >>



Depends how bad one needs $100 I suspect

BillJones

<< <i>This is the first real "washout" we've seen for these particular moderns. >>



I've been a collector for over 50 years, I've seen "washouts" like this time and time again on modern Proof sets. Here is a some all-time high prices for a few Proof sets that have hyped over the last 45+ years. Remember this are in the dollars that pretty much match the date of the set. It longer to earn a dollar 45 years ago than it does now. In real money terms you are looking at a 10 fold increase in some cases.

Set High Price

1964 $35.00
1968-S 35.00
1969-S 35.00 (briefly in conjunction with the 1968 set)
1975 25.00 (Had a "rare" cent in the set that was going to be the next 1914-D!)

There was also one set in the 1990s, I forget which one, that sold for over $100 that has no come back to earth.

And the 1973-S Brown box Proof Ike dollar once sold for well over $200.00.

At $100 with the face value of the 90% silver coins at $1.85, that works out to 54 times face, you don't assign any value to the other (base medal) coins in the set. If you want to invest in silver I'd buy some of the old silver coins instead, and sell off this set which could drift even lower.

kiyote

Ah, I sold a 1999 set for $410 back in 2003 on Fleabay.. good times.