Mint set question

Why are the 2008-current so much more than earlier issues? I'm trying to complete my Kennedy, Washington, Roosie, and Jefferson sets with proofs(clad/silver) and looking up prices for recent sets are almost 7x more than the ones from early 2000. What gives?

Any certain set I shouldn't cut up and put into my Dansco?

 

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1999, 2004 if you fin any high or low leaf quarters uyea

 

Higher sale prices, more total coins, and in some cases lower mintages are likely driving up the costs. For the silver sets, PM prices also increased from end 2008 to 2012 driving up prices of these sets.

 

And they are also new enough that their prices haven't fallen yet. Typically it takes several years, sometimes as many as ten, before the prices fall down to a stable level. Often less than issue price.

 

Those mint sets saw very low sales compared to the earlier years and some collect packaging. Of course the 2008, 2009 & 2010 have satins finish coins, making the coins unique. Even though the TPG'ers don't recognize the 2011 onward issues as has having coins unique to circulation issues, the mint claims the coins are struck with more pressure. I haven't bought mint sets since 2010, so I don't know, will the current issues someday be recognized as having unique coins? Does anyone see a difference between the mint set coins and circulation strikes?

 

First off, since 1999, the Mint Sets have had higher face value of coins within them. 2007 to now have a minimum of 8 dollar coins in addition to 10 quarters which in and if itself simply demands a higher price than say a 1998 set.

As for over all prices, I sure hope I can at least recoup the cost I have in these that were purchased directly from the mint.

Perhaps instead of filling Dansco's from mint sets, the OP would be better served by attending coin shows and picking up what is needed from that source?

BTW, I don't believe that the finish on the coins has any bearing on their prices since the Satin Finish coins of 2005, the inaugural year, were of much higher quality than 2006-2010 where quality fell right into the toilet. Following the reasoning of coin finish would mean that 2005 would have the highest costs.

 

Not really. The finish means everything (well, a lot) - try using your analogy with modern "uncirculated" commemoratives/eagles/etc (or as some call them, matte proofs) v mirrored proofs and tell me the finish means nothing. Yes, the number of higher grades in some years will be more plentiful, but overall you have low mintage coins unique to circulation coins.

 

The finish on the Mint Set coins means nothing other than a major pain in the butt for high grade circulation coins.





If anything at all, the "satin finish" on these coins devalues them.

A quick search of eBay completed listings shows that 2005 (Satin Finish) sets sell for nearly the same as 2004 sets. (Between $7 and $12)

The big price jumps come with the addition of the Presidential Dollars beginning in 2007 since each set not only contains 8 Presidential Dollar Coins but 2 Sacagawea Dollar Coins as well.

Total Face Value 1998 = $1.82
Total Face Value (1999 to 2006) = $5.82
Total Face Value (2007 to date) = $13.82

 

To each their own. The Satins will take time to be appreciated. Like them or not, they are a different low mintage variety. I love buying up low mintage coins that are out of favor at the time, as they always have their day. Notice how they're drying up on eBay? Probably settling into speculators' hands. And, as usual on eBay, you're probably seeing the low grade/problem stuff getting dumped.

 

Wouldn't be the first time someone speculated on something that just wasn't going to pan out.

Drying up on eBay?

Under XXXX US Mint Set, exact words, exact order, I show:

2003 - 11 Results
2004 - 11 Results
2005 - 13 Results
2006 - 14 Results
2007 - 6 Results
2008 - 5 Results
2009 - 7 Results
2010 - 6 Results
2011 - 6 Results
2012 - 1 Results
2013 - 3 Results

While the selection appears to be sparse, it could very well be that the sets are not even returning the original issue price to the sellers as a reason for the lack of availability.

But I digress, again, I say that the prices for the 2005-2010 sets have nothing to do with the finish of the coins as much as the "quantity" of the coins within the sets.

edited

 

Like I said, we're all entitled to our opinions - I speculate on any grade low mintage coins and stay away from high grade, high mintage coins. Grade is a significant factor in determining value, but so too is the overall mintage.

Yes, the numbers are sparse, probably because they're low mintage and they've settled into collections or speculators are hanging onto them at current prices - clearly they haven't reached their potential. Aside from the sets, the rolls of satins taken from the sets have dried up too, compared to what was available a few years ago, and 2010 never was available in any quantities like the prior years.

So, if you believe finish has nothing to do with value, explain how modern unc v proof commems are priced. Or, how any number of other modern mint products with different finishes are priced?

Thanks for the offer, but I have plenty and looking forward to the next opportunity. And, I try to buy from the mint because let's face it, it's your best chance of getting the highest grades at issue price.

Just noticed that even though this thread is titled Mint Sets, the OP is actually asking about Proof Sets, which are pricy for the same reason, they're low mintage compared to prior years' sets.

 

I would agree with Lee except to add that the overall grade of these Mint Set coins is high, so almost ALL of them are gem or better. That doesn't bode well for future appreciation.

 

If they made 4,000,000 all high grade, I'd agree - but, at less than 1,ooo,ooo, only around 500,000 2010's, I don't agree. Granted, in average grade, they aren't million dollar coins, but will most likey be $10-$20 coins soon, maybe more some day.

Do you also agree that the finish does not make the coin a different variety, so it has no bearing on the price?

 

I changed my eBay search to simply 2005 Mint Set and it shows 229 completed listings in the past 15 days. The typical price is between $5 and $6.50.

All it takes is a mintage of 30 or 40 thousand "collector" coins and any premiums associated with those coins simply goes away in 1 or 2 years. But 500,000? No way. any gains will be registered in cents not dollars.

I paid $16.95 for the first year of Satin Finish coins in a Mint set and today, that same set can be had for $5 - $7. That's NOT the direction these are supposed to go in.

What about the low mintage 2010 Sets?

I paid $34.94 for these from the US Mint. Today they can be had for between $20 and $35. Again, not what I'd consider a good investment. Even over the long run.

But, folks are certainly welcome to chase their "dreams".

For the OP, shop around on eBay. You'll find what you need at a price you like but you have to remember that the later year mint sets have more coins in them which accounts for the higher prices. (Just look at what I paid for the 2010's from the Mint.)

 

We'll see - you may be right, but I'm betting not. Way to soon to say they're a winner or not. And, you did pick the highest mintage of the satins sets to make your point. Doesn't work with the later years?

 

Thank you, yes it is a different type, I sometimes use them interchangeably. So, since it's a different type, it's a different coin. Anyone want to disagree?

 

Is it too soon for the 2011 San Francisco ASE Sets? Or the unc 5-star generals $5 gold?

The winners usually start out with a premium, not sell at a discount shortly after issue


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Find me one that's graded below MS-66 and I'll admit that the MS-68s are premium


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