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Is there not much value to the proof set of Washington 50 state quarters with the DC included?
jesbroken
Posts: 10,598 ✭✭✭✭✭
I've seen several sets on ebay for $66 to $75. Have had these since they ended in 2009, but I thought they would be worth more. These are all DCAM which appears all are. Just a shocker to see the low price, for 56 proof coins.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
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All modern proofs are DCAM. You could probably get a premium for one that wasn't.
That's all they are worth and it isn't even easy to get that. The silver proofs are scrap at this point.
Last set I sold, with the business strikes in a Dansco album sold for $100 (free shipping)
Thanks jm. That is sad, roughly a buck a piece. One of the worst mint losses I ever had.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Do you think the value will increase as a set in say 20-30 years?
$66-$75 will get almost 2 ounces of silver. That’s a lot of effort for a loss. But it’s fun like getting in a cage with a UFC fighter.
``https://ebay.us/m/KxolR5
Need some type of dcarr overstrikes on them.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
They will always be available in mass quantity, so doubtful.
http://ProofCollection.Net
More like 100 years or more, and even that is iffy.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I picked up this set off of eBay for $30. ($3.00 shipping)
In Proof, these are nice sets.
(This one is missing the last five.)
peacockcoins
No. I think it'll go down as more and more of them come out in estates
No. There are just so many extant sets that have not hit the market and the US Mint has produced so many more "boutique" sets since these were issued that I doubt any demand will push these up. However, if we have lots of inflation for the next two or three decades then they may be worth more, but everything will be worth more.
In honor of the memory of Cpl. Michael E. Thompson
Will only be worth more in melt value in the future.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Correct, as long as collecting resembles its current form. Far too high of a supply in this quality for coins with such a low relative preference. I also expect fewer proof set collectors in the future versus now with fewer buying sets from decades back. Destined to be lost in a sea of obscurity of non-stop disproportionately mediocre design changes.
The real value of the state Quarter program was that it actually did bring many people into the hobby. Without them, there would be less overall demand and the values of everything else would probably be lower.
We can only hope the ones that joined the hobby have stayed. Devoid of any scams or disillusionment from any losses they may have incured.
Some have. The majority never caught the bug. Some are disillusioned, almost weekly, when dealers tell them to dump them in a Coinstar or offer less than face value.
[And they are legitimately worth less than face value to a dealer who will have to spend time cracking them out or poking them out of holders to dump them into a Coinstar. Some of those plastic capsules are an absolute bear to open. ]
Moderns. Collect strictly for pleasure and in moderation.
I did put aside a set of silver proofs In a capital holder. At least that will have some value.
_ Wow. This is pretty depressing. But so is much of collecting. When the price of silver is $37.38 an ounce and proof quarters are selling for a buck a piece. Sorry but that doesn't make sense. _
So I asked Copilot a simple question:
What is the silver melt value of a SILVER proof quarter?
As of today's silver spot price (around $36.84/oz), the melt value of a silver proof quarter is approximately:
🧮 $6.66 per coin
This is based on:
Calculation:
$$0.1808 \times 36.84 \approx 6.66$$
This value reflects the intrinsic metal worth only, not any collector or numismatic premium. If you have a full set of silver quarters.
_Of course, they ALSO made CLAD proof clads, so if you are talking about the uncirculated Clad Proofs:
_
The average price of an ungraded clad S-Mint 50 State Quarter from a U.S. Mint proof set is approximately $2 to $6 per coin, depending on the year and condition.
💵 Breakdown by Set
**
📦 Notes
If you have a full 50-coin set (1999–2008), the total value is typically $66–$75, which averages out to about $1.30–$1.50 per coin.**
_That *IS* still depressing, considering what someone (like me) paid for it. At least the Clads don't go all spotty sitting in US Mint packaging like some of the silver proofs. I will still save the any proof coins. I don't blame the dealers who get people coming in with not-so-rare 50 states proof sets thinking they can cash in. After all coin dealers aren't bankers. _
Ill keep mine in some dansco albums. Maybe they will eventually have some nice toning! I did not buy mine as investments anyway. Liked lots of the designs.
The silver quarters are not selling at $1. No one said that
With 669,384 sets made and there were a total of 101,759,013 babies born across the globe. Out of this group, 24,353,298 were male and 22,125,764 were female....... what?
But if 669,384 of those babies wanted a birth year set..........then I'd say, hell yeah!
Leo
A note for the mintage figures,,,,,thought the Op was taking about 1956 proof coins. Duh me!
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Sorry to misunderstand. You were talking about a Dansco album with business strikes for $100. #jesbroken was talking about proof coins. My mistake.
I guess my point is that there is a nascent market for the proof coins and might even be one business strikes over MS67 that are already in PCGS holders are a good investment if they are under the cost of grading!
In this day and age of collecting intangibles like meme coins which you can't even hold in your hand, coin collecting gets no respect.
The thing is every year; more and more coins and varieties are minted. Some survive some disappear. Occasionally someone unearths a hoard or finds a shipwreck full of coins from that era. Collectors swoop in, prices rise and fall. Ultimately there is only so much demand, but the intrigue of finding something extraordinarily valuable keeps the interest going.
What if we converted 1% of them into collectors? Then maybe we'd have something!
"The more qualities observed in a coin, the more desirable that coin becomes!"
INDEED.
As opposed to what, taking out a second and third mortgage and buying Morgan dollars?
When I was a kid I'd show my collection of AG buffalo nickels missing most of the key dates to older collectors and they'd ask me questions and give some advice. For the last quarter century most of the time a kid or young collector talked to an polder collector they were told moderns are garbage. They are told millions were made but no one ever told me my G 1914 buffalo was worthless because they made 20 million of them and they all looked like that. So today it's far far easier to find a nice G 1914 nickel than it is to find a decent attractive 1971 nickel.
Dealers tell people to dump rolls of 1983-P quarters into Coinstar too because they can't be bothered to check Greysheet. At least they would if any came into the shop but they don't because they are just about that rare.
Yes, lots of new collectors out there are still around and have beaten the odds. But most new collectors are in other countries in Europe, Russia, India, and China. It's anew world where US collectors don't set all the coin prices.
Curiously every state quarter proof has a mintage under 1,000,000 and every buffalo nickel key date or not has a higher mintage. People didn't throw away 1926-S nickels but they are most assuredly melting state quarter proofs.
The most remarkable thing about moderns is there are billions of them and virtually all them are worth less than nothing because you have to get it graded to sell.
it'll have the new Redbook soon. Maybe it can fix things a little.
There are more real collectors of moderns every year. Eventually their demand will find the scarcities.
I think you are right on this one:
I have a small collection of English, Canadian, and various colonial interest of the Crown (including India, East Africa, Australia and New Zealand). Compared to the sheer number of coins minted in a place like the USA, they are scarce. Yet they have little value. Probably because there are fewer collectors (and babies in general) born in places like that.
Who knows where the next big market for collecting will be. Probably China. Or maybe pre-Euro Europe (who doesn't have a shitload of those left over from Aunt Thema's world tour in 1973).
Or Hummels, which my dear old mom used to collect.
I collect tulip bulbs myself. especially the blue ones. They're going to come back, believe me!
No. My set had business strikes and the clad proofs for $100 (but not the silver proofs, obviously) Without the proofs, you'd be lucky to get have value for an UNC set of business strikes.
Sorry to hear that. I think they got the better end of the deal. Those Dansco's are worth maybe $20 premium used. The coins must have been worth at least $100.
I think the market is - shall we say, soft right now. except for silver gold and true key dates.
The coins really aren't worth $100. That's the point. If you'll buy them at $100, I'm sure i can find more sets. The world is just rotten with the sets.
I've had the set below listed for months. I've offered it a low as $375 when silver was cheaper. There's $300 in silver quarters plus the clad proofs and business strikes. Next time I scrap silver, I'm going to pull the silver, throw the other coins including proofs in the coin star and sell the empty album.