Free Money!

There goes another $1500!!!!
Hopefully they'll be in the $300 range for each set.

 

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I just saw that...unbelievable! Why not just keep them on sale?

 

Did you notice that the Grand Canyon dropped by 53 to 27,831? ...this is strange.

 

Is it Tuesday already?! ...it seems like "just yesterday" the Mint resumed sales of the 2010 Silver Proof sets...(oh, wait...).

Totals were miserable this week for the 2010 Silver Proof set...although, sales were suspended nearly the entire week. However, the 2011 Silver Proof sets were available the entire week and sales for those were down, also...(almost by half!).


Silver Proof set sales as of 13 September, 2011...


[FONT=&amp]2010 [/FONT]Silver Proof Set sales: 13 (are you kidding me?! ) for a total of 572,400 [FONT=&amp]
2011 Silver Proof Set sales: 1,869 for a total of 455,312

The lowest mintage of any modern Silver Proof set was 1995 (679,984). The average weekly sales figures needed by the end of the year (15 weeks left) to equal that mintage are...

2010 Silver Proof Set: (679,984 – 572,400) / 15 = 7,172
2011 Silver Proof Set: (679,984 – 455,312) / 15 = 14,978

[/FONT]

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LOL, this is great! Lets hope for another silver rally to suspend the 2010s and maybe the 2011s. My guess is that they have the paper work for the 2010 price done already and the 2011s are being worked on now "just in case"

 

Since I just ordered five of each yesterday, I'm hoping for a nice rally.

 

Well, that would be fine I guess...but the rally we really want here is the post availability sort. I'm at odds with the price of silver since I want it to drop *a lot* so I can acquire some real bulk. I don't figure these sets will suddenly shoot up in sales volume, so things are already looking good.

yak, did you say you thought the 2011 would be pulled about the time the 2012 sets are made available...maybe late January, right? I just look at those figures for 2011 and keep thinking, buy more...buy more... :devil:

 

One more thought...maybe rename the thread to something like "Judy's Knitting Tips".

 

>The lowest mintage of any modern Silver Proof set was 1995 (679,984). The average weekly sales figures needed by the end of the year (15 weeks left) to equal that mintage are...<

2011 Red Book lists 1995 silver proofs for $75.00 - $125.00 depending on edition. What are the sell/buy prices for these sets in the CDN?

Are the silver quarter proof sets a recommended buy as well?

 

Just a data point. I bought a '95 silver proof about a month ago at a local coin shop for about $30. The tag was old and said $75...which the owner said was what it fetched when the market was hot a couple years back. So red book is not the best of gauges.

Edit - when I say 'silver proof' I mean just the Kennedy Half, not the entire set, but that is the gem of the set in my eyes.

 

Thanks. What is the reason the 2010 & 2011 will carry a large premium sometime in the future if the 1995 silver proofs don't carry an high premium.
What am I missing here?

 

I'd also like to hear some opinions regarding the fluctuation of low mintage pricing. Surely, it ebbs and flows.

As far as I know, the best type of low mintage to own is the one that belongs to a series that is no longer being made. Even if we see a new low in one of these current sets, it still runs the chance of being bested by the same criteria over the years to come. But what can you do? There is no time machine, if there were, I'd be all about that 2006 ASE anniversary set...but I didn't have any idea at the time of what its potential could be. At least we have a clue this time around; just not a guarantee.

Interestingly, when one buys both sets, one of the purchases could be 'in vain'. The redeeming idea at play for me is that the purchase price is something of a base for future sales...so one can try to sell it once the dust settles and the lower of the two is revealed.

Well, that's what runs through my mind with these sets. I'm a fan of them. But it doesn't hurt to be a circumspect fan.

 

A rally will result in the silver proof sets being pulled from the mint while they are repriced higher (so fewer people would be willing to buy). A drop in price will result in fewer people buying until the mint reprices them - at which time more people will buy (just like you want to do).

 

Lets look at the numbers a different way:
The 1995 S Silver Proof Half Dollar has recently sold on EBay for $40 - $65.
Both the 2010 and 2011 S Silver Proof Half Dollars look to be rarer than the 1995 so, ignoring silver fluctuations, should sell for at least as much.

You can buy the 2010 Silver Proof Set from the mint for $64. That means for around $25 ($65 - $40), you are getting 5 Silver Proof Quarters (currently on sale from the mint for $39.95 and from EBay for $37+). And a proof silver dime. And more proof non-silver coins that you can just spend if you want (face value $5.06). Hence the title "Free Money!".

 

The silver quarter proof sets are more of a gamble. First, they are sold separately so there are more of them than the half dollar and dime that formed the basis of yakpoo's suggestion. Second, they are new so the number of collectors isn't known and there isn't really a key date yet.

 

I'd like to know what the various 1995 silver proof sets sell for.

I just read back several posts ( which I should have done before posting my most recent messages) and got the information I need.

1995 mint silver proof sets sell prices:

http://www.google.com/search?q=1995...u&sa=X&ei=H6lyTvC0NqXG0AGo-6z9CQ&ved=0CF0QrQQ

 

Those look like they are on the high side. EBay is showing completed sales of $45 - $75. Note that that proof set "only" has a penny, nickle, dime, quarter, and half dollar, so it isn't directly comparable to the 2010 or 2011 set.

 

Do you think there is much of a premium on the 1995 sets? I'm trying to understand why the 2010 & 2011 silver proof sets will command a high premium sometime in the future.
sorry, guess I just don't get "it."

 

1995 (five coins) 2011 (14 coins)

 

It is, basically, that:
1) There are many people who collect entire sets (all quarters, all dimes, etc.). People have been collecting proof sets for decades now.
2) If you want a complete set, you need to get each year.
3) The price of each set (year) depends on the number available and the number of people wanting it.
4) The rarest coin in each set (called the "key") costs more than the other coins in the set.
5) At the current time, the key proof silver half dollar and dime are from 1995, with a mintage of 680k.
6) The 1995 proof silver half dollar is currently going for $40+. The 1995 proof silver dime is currently going for $10.
7) The only way to get the 2010 and 2011 proof silver half dollar and proof silver dime is to get the entire proof set.
8) At the rate we are going, there will be fewer 2010 and 2011 proof silver half dollars than 1995 proof silver half dollars.

That suggests that the 2010 and 2011 proof silver half dollar and dime will be worth more than the 1995 ones.