So, what is really causing the increase in price/value of the proof SAEs?

Bochiman · November 23, 2009 4:29AM

I'm sure most of us have seen the price/value of the SAE proofs go up over the last 6-12 months....pretty good %-wise if you ask me.
Now, some may think it is the price of silver but I don't think so. There was already a premium over spot silver price and the increase has been more than what spot has increased.

So, is it IRAs? Gold, I could see, but silver proof SAEs for this?

Just curious. I may end up selling some and putting the cash into the GET for my son's college fund before it goes up again (already announced a double-digit increase is coming) and, as I look at this, I just don't see a REAL reason for the increase.

The increases were already occuring before the announcement of the 2009 proof SAEs being sh$&canned.

Bochiman · November 23, 2009 7:45AM

Mmmm....looks like nobody has ideas on this....

droopyd · November 23, 2009 8:21AM

<< <i>Mmmm....looks like nobody has ideas on this.... >>

You don't think we can manipulate the market if we let everyone in on what were doing, do you?

RYK · November 23, 2009 8:40AM

Well-managed promotion

DuPapa · November 23, 2009 8:43AM

An expanding collector base for the very attractive ASE's ?

pendragon1998 · November 23, 2009 8:43AM

The fact that I sold mine a year ago.

Coin Finder · November 23, 2009 8:43AM

All I know is that the last show I did and the weeks Proir to that show, Dealers were paying 45 bucks a shot for common dates and buying all I had , no questions asked. Could be a home shopping club sort of thing.

rbf · November 23, 2009 9:07AM

Since the production figures for the proof ASE's are all relatively small, any slight shift in demand can cause a big fluctuation in price (evidently). As far as WHY the big increase in demand all of a sudden, you're guess is as good as mine, I suppose. To me it just feels like a bubble, in which case I wouldn't want to own any of common proof ASE's at these levels. However, relatively speaking, all of the low-mintage years (esp. 1993, 1994, 1995, and 1997) are now all INCREDIBLY CHEAP compared to their common-date counterparts. That tells you that whoever is pumping the proof ASE's is definitely NOT promoting complete sets (for whatever reason). Otherwise, all of the aforementioned scarcer dates would undoubtedly have been bid up significantly higher by now.

Kablemodem · November 23, 2009 9:27AM

rbf said something, but I was too distracted by the avatar to know what was said.

metalmeister · November 23, 2009 10:06AM

hahaha, me too
seriously, most cannot collect WLH in Proofs
and the WLH is the best design of all time,
tied of course with SLQ's, Saints, Early Bust coinage,...
well you get my point. Fact is , its a damn pretty in proof,
relatively cheap, promoted, and BIG!

holeinone1972 · November 23, 2009 10:14AM

Is it as simple as they did not mint them this year and everyone is panicking (hoarding) them?

sinin1 · November 23, 2009 10:23AM

a couple billionaires pulled their money out of the stock market and put it into proof SAE's

raising the floor/demand and bottom for future proof SAE sales

DieClash · November 23, 2009 10:28AM

I've always known that SAE proofs are awesome and now a bunch of rich folks have figured it out too. Keep buying, I'm contemplating my sell target threshold!

TwoSides2aCoin · November 23, 2009 11:03AM

There's a greater collector base driving the market upward in a time when other precious metals start to float other numismatic boats.

tincup · November 23, 2009 11:05AM

Christmas promotions by the cable shopping channels

Fountainhead · November 23, 2009 11:43AM

I've thought about submitting some of mine (got a half-dozen 2000s), but I really can't tell the difference between a 69 and a 70, so I haven't bothered.

So, what is really causing the increase in price/value of the proof SAEs?

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