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Prices of silver proof sets on eBay: for real, or are people smoking crack?

jonworth17jonworth17 Posts: 19 ✭✭
in U.S. Coin Forum
Hey Guys and Gals,

Pardon me if this is a bit of a groaner for the oldtimers, but it seems to this newbie that there's a lot of hype on eBay about the yearly State Quarter Proof Sets, particularly silver. What do you make of it?

I've been seeing 1999 10-coin silver proof sets go for $250. Is this gonna last?

Thanks for any comments....

Comments

  • PlacidPlacid Posts: 11,299 ✭✭✭
    I doubt it will last long term. The pcgs pop is 3,363 for the deleware silver in pr69dcam.
  • NoGvmntNoGvmnt Posts: 1,126 ✭
    Hell yeah it's going to last. And when the end of the state quarter program comes near, watch the fireworks.

    Jim
  • PlacidPlacid Posts: 11,299 ✭✭✭
    End of the state quarter program is not long term to me. I mean 20 years from now.
    I do think the prices will stay at current levels or higher until after the state quarter program ends +3-5yrs.
  • certifiedsilverdollarcertifiedsilverdollar Posts: 158
    In Indiana, with the property tax reassesment, wheel tax, etc, I cannot afford crack. I now have to just smoke weeds from the backyard.
    certifiedsilverdollar.com
    A site dedicated to the sale of rare and high MS grade Morgan and Peace Silver Dollars. All coins are graded by ICG, PCGS, NGC, or Anacs, and are priced well below PCGS values.
  • MyqqyMyqqy Posts: 9,777 ✭
    In Indiana, with the property tax reassesment, wheel tax, etc, I cannot afford crack. I now have to just smoke weeds from the backyard. image

    I hate it when that happens!!
    My style is impetuous, my defense is impregnable !
  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭


    << <i>In Indiana, with the property tax reassesment, wheel tax, etc, I cannot afford crack. I now have to just smoke weeds from the backyard. >>



    The weeds aren't even growing here yet. Doesn't leave much to smoke at all.

    As for the topic of the thread. I think it will last. It is more based on how the mint controlled distribution of this set more than anything else.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • MyqqyMyqqy Posts: 9,777 ✭
    In general, I think that demand for the silver proof state quarters will remain strong- however, I still don't understand the reasons why the 1999 set has surpassed the others to the extent that it has- can anybody shed some light on that? image
    My style is impetuous, my defense is impregnable !
  • ohbabyohbaby Posts: 768
    Will last for a while.

    Many buyers are newbies thinking they have a great "investment" and will put the set[s] away for years. Those sets are out of the mainstream coupled with demand and viola, instant scarcity.

    I was at 30-35 table show a few weeks ago and only 2 dealers had 1999 sets, $235 & $259.

    I don't get it either.
    icasualties.org
    image
  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭


    << <i>In general, I think that demand for the silver proof state quarters will remain strong- however, I still don't understand the reasons why the 1999 set has surpassed the others to the extent that it has- can anybody shed some light on that? image >>



    Read my thread right above yours.
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • MacCoinMacCoin Posts: 2,544 ✭✭
    I don't know much about the price of the early state quarter in silver I only have the clad proofs.
    image


    I hate it when you see my post before I can edit the spelling.

    Always looking for nice type coins

    my local dealer
  • BillJonesBillJones Posts: 34,799 ✭✭✭✭✭
    If you going to sell the 1999 silver sets on Ebay, you will need to get $250 to come out on the deal. The current bid is $222, and it's tough to buy the sets at shows for much less than that. Once you pay Ebay and Paypal there's not much profit left for you.

    As for the current price of the 1999, my prediction is that the price will fall at some point. I think that it's just too high to be sustained in the long run.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • WaldoWaldo Posts: 324


    << <i> I now have to just smoke weeds from the backyard. >>



    ha ha hee hee, he said "weed"
  • drainbamagedrainbamage Posts: 328
    Yeah, this mess is created by those idiot "investors" out there that think this is going to go on forever. Somehow they don't understand that the normal way coin values work is a slow gain over a LONG period of time. Only in a few cases does it hit hard and fast....... Double Die coins would be a place where value is gained overnight.

    All they are doing is killing the supply so it drives the price up by force but most don't have enough sense to know it.

    Classic Supply/Demand......
    Alexandria Collection

    It is better to dwell in the corner of the housetop, than with a brawling woman and in a wide house. - Proverbs 25:24
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    I bought 2 sets of these from the mint and when I saw what they are going for now I threw one up on eBay with a $240.00 BIN it was sold in less than 4 hours.image
    Bill

    image

    09/07/2006
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    I wouldve bought bills but i purchased one the day before for 250.00 bin

    I hate to say I busted up 7 of them 2 years ago for slabbing image

    and for nay sayers theres very few left intact, and as the market makers continuosly
    search for the high grade first year examples the intact sets will slowly disappear.

    one good thing is by following the pops, one can garner an idea how many are actually left intact.
    image

    Go BIG or GO HOME. ©Bill
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭

    $255.00 BIN on eBay.

    Free insured postage to the lower 48 states for board members for the asking.
  • TROUT70TROUT70 Posts: 219
    LOOK AT THE PCGS PRICE GUIDE THEY HAVE THE CLAD SET AT $42 AND THE SILVER SET AT $75 BUT YOU CAN NOT GET THE CLAD SET FOR UNDER $75 AND THE SILVER SET FOR UNDER $200 ( BECAUSE I HAVE BEEN LOOKING FOR A CLAD SET BUT HAVE NOT WANTED TO PAY THAT MUCH OVER PCGS PRICE FOR ONE ) !
  • kieferscoinskieferscoins Posts: 10,017 ✭
    WE DON'T LOOK AT THE PCGS GUIDE BECAUSE IT IS ALWAYS WRONG.

    Cameron Kiefer

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