State quarters silver proof sets: Anybody notice?

Has anybody noticed what the 1999 state quarter silver proof sets are going for on ebay now?

I decided last week to collect the entire silver proof set and hang on to it for life. I was turned off by the idea of having so many different quarters for a long time but they finally got to me and I'm going to collect the silver proof set and the basic circulated set pulled from pocket change for something to put on display and look at.

So far I've gotten very good deals getting the 04-08 sets paying issue price or much less. I purchased the 08 set from the mint but have not received yet. But looking back now at the older ones and seeing how these were not issued separately from the 10 or 11 piece silver sets...., you had to buy the whole works to get them. And now people are paying high dollars on ebay to get the 99 and it looks like the 01's as well.

I'm watching a 99 silver proof set (just the 5 state quarter set) sitting at $177.00 on ebay with 2 days left to go!! Did anybody see that coming? Is this too high? And if so where's a good place to pick up a 99 silver proof set.

 

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i bought mine for more than 300 but i believe the prices have fallen now

 

Last time I checked they were about $300 as well. If prices have fallen that much, then I need to buy a couple.

 

Well, right now I've got 100 bucks in the 04-08 sets and that's getting a few of them dirt cheap. By the looks of it, there's no way I can finish the other half of the set for $200 right now. It may take close to that just to get the 99 set alone unless there's some somewhere that I don't know about.

 

The 99 set has been around $300 for sometime now. I know the 01 set is up there as well, but I think you can find it for around $120-$150... maybe a little more. If you like these sets, purchasing them from the mint on a yearly basis is the way to go. You never know which year is going to be the "big" year.

 

CDN shows:
1999-S Silver Proof Set at $275
2001-S Silver Proof Set at $125
2002-S Silver Proof Set at $50

The rest are $25 or less.

 

I know but unfortunately, I didn't get back into collecting until this past April. I will be trying to think ahead from here on out. I just can't believe the 99 set went up in value that fast. Of course, the time flew by so fast, 99 doesn't seem that long ago to me but it is pushing a decade now.

 

Wow! I thought the idea of silver state quarters was stupid when they first came out and refused to buy any. Now, I'm kicking myself in the butt for not getting any!! I'm pretty lousy at predicting the future I guess
Guy~

 

I'm buying the first year for presidential dollar proofs there going to explode like the first year of state quaters

 

I didn't buy the silver set in 1999, but I wish I had bought 5 of them. I bought the cheaper clad instead. Most of this year they've been selling for $250 - $300. I sold my 1999 clad set for a decent price on e-bay (much more than I paid for it, but not for what dealers price it at). In general, mint sets have appalling returns (which I knew before I bought them).

The exuberance will likely end soon as the program comes to a close. Then the 1999 silver will probably be easier to come by at more reasonable prices.

 

This has crossed my mind a few times as well. It very well could be that there are a lot of people like me, who are now realizing the set is ending, and looking to buy all the sets. Making the earlier ones extremely hot right now. I don't mind paying $300 for something but that seems wildly high for a simple 5 quarter set from 10 years ago. Plus, according to the Red Book there were 804,565 silver sets minted in 1999. Which makes it far from being a rare year, compared to some of the later years. Time will tell.

 

The 1999 silver proof set is the lowest minted proof set of the series but the 2000 and 2001 sets are close and command nowhere near the price of the '99. Guess the dealers got the drop on us back then.

I paid $340 for one last year which I thought at the time was a good price. The following week the price dropped to $325.....give it some more time and I'm sure the price will drop again. The mintage is low but it ain't that low.

 

I find the prices and price fluctuations in modern series fascinating to follow.

You really need to be wearing a non-traditional cap when trying to figure it out. Supply is pretty easy - the mint figures are out there.

It's demand that's problematic. Is this purely an investor type thing or are there really a lot of new collectors of state quarters who are willing to spend $100's on that collection or both?

There are other modern issues that have mysterious valuations as well. It'll be interesting to see how this sorts out over the years. Of course, as you point out, it's already been almost a decade and the price is still up there.

I can't offer any wise advice, only what I would do. I think I would wait - the trend seems to be downward, albeit slowly. In addition, there is a general slowdown in the coin market. I would suspect some people may start selling these to cut losses before they drop further.

I don't follow these at all, but can you buy them individually? Probably not.....

 

PC: You can buy them individually on ebay. Some people have busted the silver proofs out of their cases and sell the individual coins for 8-10 dollars. They are also all available as individual year sets, without the main annual, penny, dime, nickel etc.... set.

 

Where did you see this? The mintage shown in the Red Book for the 1999S, Silver 9-piece set is 804,565. Each one of those having the silver quarter's set.

Oh wait. The light just clicked on! Ok. Starting in '04 they began issuing the silver sets on the side, on top of all the ones that came out with the normal 10 & 11 piece sets. So in '04 there was actually about 1.6 million silver quarter sets issued total, where as they were not issued separately in 99-03. So the 804,565 figure was it for 99 silver quarter sets, making it the lowest mintage.

I should have known that. Wouldn't it be fun to know who's hoarding the most of them? There was enough profit involved in this to think that a handful or more of people really could have cornered a large part of that market a while ago. I mean, 31.95 issue to now worth 400.00? That's a nice return in less than 10 years.

 

I started buying 100 of the silver quarter proof sets back in 1999 with the anticipation of putting al of the quarter into albums and selling the complete sets this year. I'm going to have to rethink. There might be more money in selling sets of the 10 lenses and not cracking them out into albums.

I put my silver set in an album and darn if it dont look pretty.

 

About a year ago the 99 Silver Set bottom out at $235. I was able to put the 45 Silver Proofs into Blank Quarter Dansco's and sell them at shows for $625-$650. That's not possible now as the first nine in the Greysheet are at $600 and that changing to the Silver Quarter Sets in 2004 when they came out. Now the big companies are offering all 10 sets for a little over $600 and that's not in a Dansco.
I can buy most anything at Greysheet bid, but right now they priced me out of my own idea.
Also, has anyone noticed the Kennedy sets in the Greysheet? A 1964-2008 BU set including the proofs and silver proofs has dropped from around $700 a year ago to $575 (ask) today. I don't understand it. I could make usually three purchases on Ebay, the BU's, the proofs and the silver proofs were usually each a separate purchase, occasionally having to add a few missing coins and turning a $200 profit over what I paid and they usually came in a Dansco. Now, the set prices are way down, but the individual coins are up. Am I missing something?
The Franklin BU set has been flat for years at $525-$550 ask. I used to put the sets together and make a nice profit of $100-$150. Again the individual coins are up but the set still remains flat.
I didn't used to have to think hard to come with a money making idea. Setting down with a couple weeklies and the monthly and I would almost have profit making ideas jump at me. Now, however the market seems to be moving to a place where you have to put $2000 into a coin and hope to get $2500 for it. That's not the type of coin dealing I enjoy.
If anyone else is seeing the same opportunities slipping away let me know.
Vegas Vic

 

Vegas: Do you think prices are down because the economy has been down for a while? Maybe there just isn't a huge demand for everything across the board right now.

For example, I acquired the 06 Old mint proof silver dollar commem with original box and COA in a trade one time. Tonight I was thinking I'd like to get the $5 gold proof some time to go with it.

They only issued 44,174 of the proof version. Red Book lists it at $325 for a PF 67. NGC prices a PF70 at $400.00.

I just found a guy on ebay that has 9, PF70's available, buy it now for $279.00! Why? I'm not complaining because I want to buy one but man! You would think a PF70 would be worth more than that. I would think one ungraded would be worth more than that. But it's got to be that nobody's buying them.

FWIW, I really like the designs they went with for the reverses on them. Sorry to get off topic.

 

I think Silver at around $13.50 and Gold at around $850. makes silver an awfully good buy right now (roughly 63 times) the gold price!! The silver proofs will keep their value even after the series ends!! WHY, there will be lots of younger collectors willing to come later even with the higher prices. They have grown up with these prices!!! The value of the dollar is much different now, us OLD TIMERS remember too much!!

 

Vess, bought all three from the mint....old mint proof dollar, unc $5 and proof $5. Paid much more than what you quote. As some state on these forums, the aftermarket is better for purchasing mint products....lots of times original prices slip. I don't care....got original government packaging. That's what works for me....no tpgs.