As the issue date draws nearer (6/11) I’m guessing some of the folks with big subscription numbers are starting to weigh the risk and reward of the silver sets. This forum group has started their own feeding frenzy- maybe the common collectors aren’t going to play at $350-400 set.
Yes, I agree. Even at 151K, I don't think they are a slam dunk at $245.
Mintages that seem "low" now might not seem so low in 10 or 20 years. With this inflated issue price presumably carrying over into future years, it's not going to stay "low mintage" for long. I think this year's set has somewhat more appeal than other modern proof (and mint) sets due to the anniversary, but not much.
I won't be surprised if it's temporarily hot and then ends up like the 1999 silver proof set which initially sold for $00s (when spot was much lower) due to the SQ program novelty. It's bullion coinage now. Yes, I know much lower mintage for the 2026, but not actually low. There are very few coins (even US) proportionately with this number which will survive longer term in similar quality.
Longer term, I expect the buying of annual sets and collecting of these series to decline too. At this price, it's not like there aren't far better values and more interesting coins for a similar cost.
Not a few, a lot. It's another uncompetitive US Mint offering.
Proofs are not business strikes. It does make a difference in the market.
Yes, I know. I'm quite confident the outcome will be similar for both.
Yes, I agree. Even at 151K, I don't think they are a slam dunk at $245.
Mintages that seem "low" now might not seem so low in 10 or 20 years. With this inflated issue price presumably carrying over into future years, it's not going to stay "low mintage" for long. I think this year's set has somewhat more appeal than other modern proof (and mint) sets due to the anniversary, but not much.
I won't be surprised if it's temporarily hot and then ends up like the 1999 silver proof set which initially sold for $00s (when spot was much lower) due to the SQ program novelty. It's bullion coinage now. Yes, I know much lower mintage for the 2026, but not actually low. There are very few coins (even US) proportionately with this number which will survive longer term in similar quality.
Longer term, I expect the buying of annual sets and collecting of these series to decline too. At this price, it's not like there aren't far better values and more interesting coins for a similar cost.
Not a few, a lot. It's another uncompetitive US Mint offering.
Proofs are not business strikes. It does make a difference in the market.
Yes, I know. I'm quite confident the outcome will be similar for both.
I have little doubt the price will be cheaper in a few years. However, I also have no doubt the business strike cents will continue to carry a significant numismatic premium, unlike the 1999 silver proof set.
The 2017 EU cent is NOT a business strike. But with a mintage of 215,000 it still sells for $20+ a decade later. I would expect the long term price of the 2026 circulation strikes to be above that.
The other obvious comp would be the 1996-W dime which is still a $10 to $15 item DESPITE a mintage of 1.5 million and being in a less collected series.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, I agree. Even at 151K, I don't think they are a slam dunk at $245.
Mintages that seem "low" now might not seem so low in 10 or 20 years. With this inflated issue price presumably carrying over into future years, it's not going to stay "low mintage" for long. I think this year's set has somewhat more appeal than other modern proof (and mint) sets due to the anniversary, but not much.
I won't be surprised if it's temporarily hot and then ends up like the 1999 silver proof set which initially sold for $00s (when spot was much lower) due to the SQ program novelty. It's bullion coinage now. Yes, I know much lower mintage for the 2026, but not actually low. There are very few coins (even US) proportionately with this number which will survive longer term in similar quality.
Longer term, I expect the buying of annual sets and collecting of these series to decline too. At this price, it's not like there aren't far better values and more interesting coins for a similar cost.
Not a few, a lot. It's another uncompetitive US Mint offering.
Proofs are not business strikes. It does make a difference in the market.
Yes, I know. I'm quite confident the outcome will be similar for both.
I have little doubt the price will be cheaper in a few years. However, I also have no doubt the business strike cents will continue to carry a significant numismatic premium, unlike the 1999 silver proof set.
The 2017 EU cent is NOT a business strike. But with a mintage of 215,000 it still sells for $20+ a decade later. I would expect the long term price of the 2026 circulation strikes to be above that.
The other obvious comp would be the 1996-W dime which is still a $10 to $15 item DESPITE a mintage of 1.5 million and being in a less collected series.
To me, it depends upon the time horizon. In 10 years or near it, probably.
Multiple decades from now, this coinage (mint and proof sets generally) may sell for similar prices to today, but the money will buy much less.
My family moved back to the US in 1975 as the bicentennial coinage was released. In anything approaching 50 years, if circulating coinage including mint sets and proof sets isn't discontinued entirely, we'll be talking about 100+ years of monotonous coinage. I don't expect anywhere near the current collector base for any of this coinage, and certainly not all of it.
Far too much of it already and it just isn't interesting enough.
Lanza’s on it. I want the cent. I’ll cut it out of the mint set for the Dansco and put the dreck with the dreck.
Flippers will do well for a while selling whole sets and cents to collectors. Impatient album fillers already have bought the halves, dimes, nickels, and two of the quarters from quick eBay sellers.
Mint set urchins everywhere.
Comments
Subscriptions got cut back to 10.
As the issue date draws nearer (6/11) I’m guessing some of the folks with big subscription numbers are starting to weigh the risk and reward of the silver sets. This forum group has started their own feeding frenzy- maybe the common collectors aren’t going to play at $350-400 set.
Yes, I know. I'm quite confident the outcome will be similar for both.
I have little doubt the price will be cheaper in a few years. However, I also have no doubt the business strike cents will continue to carry a significant numismatic premium, unlike the 1999 silver proof set.
The 2017 EU cent is NOT a business strike. But with a mintage of 215,000 it still sells for $20+ a decade later. I would expect the long term price of the 2026 circulation strikes to be above that.
The other obvious comp would be the 1996-W dime which is still a $10 to $15 item DESPITE a mintage of 1.5 million and being in a less collected series.
All comments reflect the opinion of the author, even when irrefutably accurate.
To me, it depends upon the time horizon. In 10 years or near it, probably.
Multiple decades from now, this coinage (mint and proof sets generally) may sell for similar prices to today, but the money will buy much less.
My family moved back to the US in 1975 as the bicentennial coinage was released. In anything approaching 50 years, if circulating coinage including mint sets and proof sets isn't discontinued entirely, we'll be talking about 100+ years of monotonous coinage. I don't expect anywhere near the current collector base for any of this coinage, and certainly not all of it.
Far too much of it already and it just isn't interesting enough.
Lanza’s on it. I want the cent. I’ll cut it out of the mint set for the Dansco and put the dreck with the dreck.
Flippers will do well for a while selling whole sets and cents to collectors. Impatient album fillers already have bought the halves, dimes, nickels, and two of the quarters from quick eBay sellers.
Mint set urchins everywhere.