Do you think the silver proof sets will go up in value?

jhusman · April 3, 2007 3:12AM

After the series closes - or will they maintain their value, or drop? I would think that as the series closes they will see at least a small jump in value.

Am I correct in my assumptions, or do you disagree? I ask because I saw someone say the 99 sets were overpriced.

WinPitcher · April 3, 2007 3:15AM

The 99 sets are a different situation. 2 sets per household was the alottment.

It was hard for the dealers to get so they had to pay a premium for them.

Steve

NowhereMan · April 3, 2007 3:15AM

Why do you think Silver proof sets are ending?

Rex

jhusman · April 3, 2007 3:18AM

I'm sorry, I wasn't clear - I meant specifically the silver sets with state quarters, when that series ends.

TwoSides2aCoin · April 3, 2007 3:19AM

Justin, it usually depends on mintage numbers that dictates value with proof sets.
1999 rocks because of the huge interest that started with the Statehood quarters program and availability (population numbers) in correlation with collector demand. There just aren't enough to fill collector demand so the price goes whacky and when some collectors see that price they turn, in disgust, and say: "THEY ARE OVERPRICED". The truth is, some sets within the silver proof sets won't go down.
2001 isn't too bad, but most sets move like snails.

We can only base this on statistics, but if you look at mintage numbers, you will see this correlating factor.

NowhereMan · April 3, 2007 3:22AM

OK, so on this topic, what's the plan for the quarter design AFTER states (and territories, etc) are done. Return to the 98 design?

Rex

Zoins · April 3, 2007 3:25AM

<< OK, so on this topic, what's the plan for the quarter design AFTER states (and territories, etc) are done. Return to the 98 design? >>

If Mount Vernon was on the reverse they could call it "Return to Mount Vernon"!

I've been in Mount Vernon twice but I have to say I received a MUCH better appreciation for the site from a bass boat on the Potomac River.

anablep · April 3, 2007 3:26AM

New quarter design would be nice.

I'm tired of Presidential designs in general and Washington quarters in specific. Time for something new with Liberty on it.

jhusman · April 3, 2007 3:33AM

I think a return to liberty would be fitting.

Does anyone have a link to mintage #'s for the silver proofs?

291fifth · April 3, 2007 3:41AM

I have been disappointed with the price performance of the silver proof sets. I will probably stop buying them when the state quarters series ends. (I've been using them as gifts.) The mint's decision to resume sales of the 2005 sets in 2006 was a huge mistake as it has soured the market for the sets.

Silver proof set prices seem to have started dropping just about the time the mint resumed sales of the 2005 sets.

cladking · April 3, 2007 4:39AM

It pretty much depends on how many newbies collect the modern denomination sets
AND consider these part of that set. This is difficult to predict but from what they say
and have done, I believe there will be significant demand. This will probably exceed the
significant supply so prices may firm or rise.

It's hardly a sure thing and there are nearly a million each of these. There is melting of
coin again, apparently and many of these coins are right about at silver value. Indeed,
the '92 quarters got down to only about $50/ roll at one point.

Didn't Yogi Berra once say that "The future is the toughest thing to predict.". He should
have

BlackBeard · April 3, 2007 5:05AM

Also, on the '99 sets, that was the only way to get the silver State Quarters. They weren't released in separate sets until 2000. I would assume that adds to the demand for the '99 set and explains the premium to some extent.

PRTCOINS · April 3, 2007 5:11AM

<< Also, on the '99 sets, that was the only way to get the silver State Quarters. They weren't released in separate sets until 2000. I would assume that adds to the demand for the '99 set and explains the premium to some extent. >>

The silver state quarter proof sets were first issued in 2004 if memory serves me.

PRTCOINS · April 3, 2007 5:29AM

<< I think a return to liberty would be fitting.

Does anyone have a link to mintage #'s for the silver proofs? >>

1999 Silver proof set---804,565
2000 Silver proof set---965,421
2001 Silver proof set---889,697
2002 Silver proof set---892,229
2003 Silver proof set---1,146,050
2004 Silver proof set---1,187,700
2005 Silver proof set---1,070,000
2006 Silver Proof set---972,000?

Hope this helps you out.

Jcarney · April 3, 2007 6:36AM

<< 

<< I think a return to liberty would be fitting.

Does anyone have a link to mintage #'s for the silver proofs? >>

1999 Silver proof set---804,565
2000 Silver proof set---965,421
2001 Silver proof set---889,697
2002 Silver proof set---892,229
2003 Silver proof set---1,146,050
2004 Silver proof set---1,187,700
2005 Silver proof set---1,070,000
2006 Silver Proof set---972,000?

Hope this helps you out. >>

Wasn't there also a storage issue with the '99 sets where a bunch were destroyed?

puritan9 · April 3, 2007 6:45AM

I had four complete sets of Silver Proof with the quarters, and I just sold my last set. I'm not saving any. I also sold my clad sets and quarter sets.

WinPitcher · April 3, 2007 6:47AM

I think the main reason 99 sets are worth so much is the simple reason on how they were released. 2 sets per household.

if you look at the mintages 99 while the lowest is not scarce.

Steve

Rarity · April 3, 2007 6:53AM

Unless silver go to $30/oz; otherwise, the answer is NO

PRTCOINS · April 3, 2007 6:58AM

<< 

<< 

<< I think a return to liberty would be fitting.

Does anyone have a link to mintage #'s for the silver proofs? >>

1999 Silver proof set---804,565
2000 Silver proof set---965,421
2001 Silver proof set---889,697
2002 Silver proof set---892,229
2003 Silver proof set---1,146,050
2004 Silver proof set---1,187,700
2005 Silver proof set---1,070,000
2006 Silver Proof set---972,000?

Hope this helps you out. >>

Wasn't there also a storage issue with the '99 sets where a bunch were destroyed? >>

That is the first I have heard of that. Do you any information or link to where I can read about it?

jhusman · April 3, 2007 7:30AM

Looking in the crystal ball, will the sets perhaps grow in value because of the numbers of "loose" coins out there. How many sets are still intact? Lots of individual coins floating out there, certified and not.

Will this breaking up of sets cause the Gov't issued packaged sets to command a small premium?

Plus, even though the highest mintage is a little over a million, in the greater scheme of things is fairly small for a modern set.

jhusman · April 3, 2007 7:34AM

There was a storage issue on some of the sets - the year they re-released some that hadn't been sold - you have to knock those off of the mintage totals too.

PRTCOINS · April 3, 2007 8:03AM

<< There was a storage issue on some of the sets - the year they re-released some that hadn't been sold - you have to knock those off of the mintage totals too. >>

If they re-released some sets that hadn't been sold, why would you knock them off the total mintage. I dont get it.

jhusman · April 3, 2007 8:09AM

One year - and I don't remember which one - the mint was selling a package of mint sets - 2 years, thoough, as I said, I don't remember which years. There were issued with hiow the sets were stored, and they had become unnattractive, so there were lots of returns, and the other" leftover sets" were destroyed - hence, the removal from the numbers.

Unless I am mistaken.

Regardless, I think the mintages are reasonably low for modern coins, as I have said.

jhusman · April 3, 2007 9:32PM

In reading CW last night, I found the exact fact tat I was speaking of - the mint started selling 3 packs in 2001 - 1999, 2000, and 2001 sets were sold as a package, and collectors were upset because they understood that the sales for 1999 were closed. On top of the outrage, there were complants about the 1999 proof sets being ugly. Lots were sent back, and the sale was ended.

It is the "bad" sets that you can probably remove from the 1999 numbers.

Writersblock · April 5, 2007 8:43AM

But the unsold sets that were later destroyed are not included in those figures already. If they had been sold instead of destroyed the figures stated here would have been HIGHER than they are. While we usually refer to those as MINTAGE figures they are in reality SALES figures or the number of sets sold. In the case of the 1999 - 2001 set they had made more sets than they had been able to sell and those were the sets that they then tried to sell as a group. So getting rid of those sets does not affect the figures that were posted.

Do you think the silver proof sets will go up in value?

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