are 2012 silver proof sets rare?

chumley

While watching the latest snowstorm,I wandered onto EBAY to examine any price trends....what I found was 2012 silver proof sets selling for $150-$200 a pop....does that seem high to anyone else?

zippcity

I would guess that it is caused by a much lower mintage compared to previous years.

ricko

Speculators..... sometimes they win, sometimes not so much...however, the sellers of the speculatable product DO win... Cheers, RickO

TwoSides2aCoin

I sold out mine in inventory , very quickly. I think some times during our lives, people let some items slip under the radar at every minting facility.
And because of the low production levels of some things, or other things in those some things, a wild rush is on . Probably for one of those things inside those things. But I'm just speculating.

Jinx86

I just got 10 in yesterday. Im down to 8 now @ 200 each.

jedm

I remember having the same question about '01 Proof Sacs.... they were over $100 years ago.

Now not so much.

BillJones

With a reported mintage of 395,443 I would say not. That mintage is lower than it has been in quite sometime, but with a Gray Sheet bid $170, I think the phrase "over priced" is in order. Like many of these set, the further you get from 2012, the lower the price will be.

No one pays that much anyway. Even the dealers who buy and sell those sets won't pay the high numbers for recent sets. I have heard of dealers paying full bid to other dealers for Proof set, BUT the box, papers (if any) and Proof set holders have to be in top notch condition for the retail Proof set trade. Shop worn boxes don't cut it.

BigA

The silver dime and half from the 2012 set are the keys to the series...thus the value

ebaytrader

<< <i>With a reported mintage of 395,443 I would say not. That mintage is lower than it has been in quite sometime, but with a Gray Sheet bid $170, I think the phrase "over priced" is in order. Like many of these set, the further you get from 2012, the lower the price will be.

No one pays that much anyway. Even the dealers who buy and sell those sets won't pay the high numbers for recent sets. I have heard of dealers paying full bid to other dealers for Proof set, BUT the box, papers (if any) and Proof set holders have to be in top notch condition for the retail Proof set trade. Shop worn boxes don't cut it. >>




The silver sets were only available for a short time in December of 2012. Nearly every set I've handled has been sold to another dealer at bid or more.

Justlooking

My definition of rare is something that's not readily available for purchase.

Very few things are rare.

BillJones

<< <i>

<< <i>With a reported mintage of 395,443 I would say not. That mintage is lower than it has been in quite sometime, but with a Gray Sheet bid $170, I think the phrase "over priced" is in order. Like many of these set, the further you get from 2012, the lower the price will be.

No one pays that much anyway. Even the dealers who buy and sell those sets won't pay the high numbers for recent sets. I have heard of dealers paying full bid to other dealers for Proof set, BUT the box, papers (if any) and Proof set holders have to be in top notch condition for the retail Proof set trade. Shop worn boxes don't cut it. >>




The silver sets were only available for a short time in December of 2012. Nearly every set I've handled has been sold to another dealer at bid or more. >>



The key words here are "another dealer." When most dealers see a collector offering them something, the price they'll pay goes down 20%. I am really tired of getting low balled every time I offer coins to a dealer. I sold four nice coins at fair price to a dealer. He sold the coins in less than a week. The next time I offered him some material, he was cutting me down to fractions of the Gray Sheet for certifed Choice Mint State 19th century material. If you can make money on it, why not buy it at fair price regardless of the source? I always did when I was a dealer, and I had collectors coming back to me to sell their duplicates.

Overdate

<< <i>The silver dime and half from the 2012 set are the keys to the series...thus the value >>


Same applies to the 2012 Limited Edition Silver Proof Set, currently selling for a bit over $200. Around 50,000 of these sets were produced and the 2012 silver dime and half were included in the set. So total mintages of the silver dime and half were under 450K.

Baley

Rare is such a funny word in numismatics. I learned on the TV that something minted in the past few decades in the hundreds of thousands, or millions, most of which are still in the same condition, is "rare"

Makes me wonder what you call a coin 200 years old that has 75 known, most of which are in fair to fine.

kiyote

I know I paid $120 for a proof silver half from that year. Owww.. but what can you do?

19Lyds

<< <i>While watching the latest snowstorm,I wandered onto EBAY to examine any price trends....what I found was 2012 silver proof sets selling for $150-$200 a pop....does that seem high to anyone else? >>

IIRC, there was a time when 2001 Proof Sets were selling for around $120-$150 each. Come to think of it, 1999 Silver Proof Sets, at one time, were selling for $400-$500 "each".

The 2012 sales were cut off unexpectedly which, created a rush. That rush will die out in 3 or 4 years and these will then be available at some reasonable prices.

But, if you have some and want to take advantage of the market, sell what you've got.