Current Value of 1999-2008 Silver Proofs ?

hookooekoo

I know my timing stinks (relative to the market) but I've found my self in a situation where I've got to raise some cash quick for a down payment on a vehical.

I have an original (still in the mint boxes) set of the 1999-2008 Silver Proof sets. If I were to take them to my local reputable dealer, what's a rough idea of what he is likely to offer me for them?

TomB

The 1999 set has come down in price dramatically over the last couple years. Except for that set and the 2008, I would think you would be offered near melt. The 2008 might go for a few dollars over melt and the 1999 might be 50% over melt.

hookooekoo

Ouch!

I knew prices had come down... with the combination of the economy and the state series ending. But I didn't realize they would have almost no numismatic value.

I guess those couple of early (1999-2003) (non-silver) proof set I've got are just about worthless hun?

Greeniejr

The bottom fell out completely on the SHQ proof set market. The silver ones got pushed up so high because of the price of silver that they essentially lost all premium value. The 99 still has some and the 01 has a little less but you are basically going to get paid for the silver content. For the non-silver proof sets you will get only a few dollars a set over face if anything. It is bad but my guess is the telemarketers have moved on to other products to promote.

Batman23

I am seeing $500-$600 for these on Ebay. I have no idea what a B&M shop will offer.

hookooekoo

This web page claims that the current melt value is $6.43 (+/-) for a quarter. Given that these sets have 5 quarters, a dime, and a half dollar, that equates to 7.4 quarters or $47.58. Add the face value of the other coins (0.06, 1.06, or 4.06 depending upon the year for an average of ) and you get an average intrensic value of about $49 per set.

So you can round that up to about a $500 basic 'value' for the set (basically like what Tom said) and add a retail markup and $600 sounds about right.

[Edit]
Or I could have just looked here: Proof Sets

ebaybuyer

at one time the 1999 was up to about 350 now its 100 or so, one of the others had a premium, 2010 or 2011 im not sure which but the rest are slightly above melt.

ebaybuyer

completed ebay auctions show the 1999-2009 run selling for around $700 you'll likely take a $50 hit if you dont have the 09 then fees, so you may want to buy a cup... and i dont mean for coffee

lasvegasteddy

just sell them on ebay...you'll get the most out of them
a dealer isn't going to want these and his offer will reflect that

ricko

Ebay or BST.... you will not realize a windfall.... Cheers, RickO

PTVETTER

go to a B&M and get the cash now. You should get between $500 and $550 form a B&M without the hassels of mailing waiting for the money!

kiyote

I have the whole PDSS set, straight from the mint, including the SMS quarters when added.. I'm way underwater. It looks nice in a Dansco set, though.

TomB

<< <i>go to a B&M and get the cash now. You should get between $500 and $550 form a B&M without the hassels of mailing waiting for the money! >>



I agree. If you have an honest B&M near you, which might not be as hard to find as many appear to state, then you can have the money in-hand without the need to pay shipping, PayPal and ebay fees depending upon the method of sale.

Draped10c

Barely over melt. At my LCS the salesperson was b#%^@ing about not even being able to get much over melt for the 1999. This was a couple months back, of course he hates moderns.

Good luck with your sale, ebay maybe okay, but the fees really add up.

coinnerd

I don't think there is any part of the coin market as dead as modern US. If you can get full melt + face for the nonsilver coins from a local dealer you've done well. Except for the 99 of course.

segoja

Moderns are dead???

Not in my world...they are always rocking

Try Better date ($3000-10,000) Saints and compare them to greysheet and then tell me what's dead.

Draped10c

Modern proof sets are pretty dead. Entry level collectors don't have enough spare income to get started.

7Jaguars

Like SOME modern too, but these are by and large DEAD. Had their day in the sun and they are headed down, esp the state quarters - don't even go there with the copper nickel bits....Who cares??