Original prices on US Proof and Mint sets?

How far back for the most part do you have to go back in time for the mint sets to have appreciated ? 1960's ? 1950's ?

My understanding is that pretty much everything from the 1970's onward the supply is just too great to have appreciated.

But maybe I'm wrong on that.

 

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You are pretty much correct.
A few of the more recent sets had temporary price increases (due to sell-outs or lower mintages) but eventually fell back below issue price as a newer year ends up with a lower mintage.

There are a few more recent years that carry a premium.

~From the mint set guide website (a great resource), the 2012 is one set that is still popular. Checking recent eBay sales, it goes above issue price.

https://mintsetguide.com/2012-mint-set/

~There was a special silver bicentennial set in 1976 (with three 40% silver coins) and that one is also over the original $9 price.
https://mintsetguide.com/1976-silver-3-piece-mint-set/

~And the 1996 continues to carry a slight premium thanks to the special "W" dime included.
https://mintsetguide.com/1996-mint-set/

~Otherwise you have to go to 1970 and earlier to find sets that consistently go above issue price (that being the last year of silver with 40% Kennedy Halfs).

 

i would put all non silver and non $1.00 coin containing as 1 lot on ebay or usacoinbook (free to list and 2 % when you sell) then start it out at 1.00 and watch it go up, on ebay modern (80's-90"s) junk sets usually bring from 3-5.00 per set that ways, good luck!!!

 

Those prices have to be for the Silver proofs. No way the clad proofs are priced that high.

 

I've given up long ago on the Mint's mostly overpriced offerings. Dead money, no demand, basically no value.

 

Gotta buy the old stuff where supply is limited.

 

A general rule that I've always assumed to be true: If it was made and marketed as a collectable, then it won't have much collectable value.

I guess this type of logic doesn't hold up in the face of modern sports cards and such, but with coins, it tends to be true.

 

It's not true for coins either. There are COUNTLESS things that sell far over issue price that were made to be collectable for coins. Granted the US mint hit rate is low, but between them and world mints its a huge number. Simply being made to be collectable doesnt mean it will have a huge premium but many do.

Now if you really want to get technical every penny over face value or bullion value is technically numismatic value which means that basically everything sold as a collectable coin has significant numismatic value even if its below issue price

 

I'm not an expert at determining if a coin or a set are going to be worth sometime in the future. I didn't start collecting annual sets until about 2001 and mostly the silver sets. The last two sets that included special cents one year (3) and the next year we got gypped. We only got two special nickels. I guess they had their reasons. It would have been nice to have the third "special" nickel. I can't remember what finish it was though. Didn't they all have a mint mark of "W"? (I don't feel like digging into my stash to look.
Anyway, if they did have a special coin with each set, it might increase their sales (or not!).

 

It would for a while, but eventually the special coin wouldnt be so special anymore if they were constantly getting pumped out with every set even if the coin is different. When they had their streak of special ASE sets for like 3 years in a row even though the finishes were different by that third year sales started lagging and to this day is the only set that has no real premium over issue price.

 

Such as.....

 

Countless things around the world. A number of ASEs including the king the 95-W, pretty much anything that gets a 70, bi metallic commemorative, jackie robinson gold etc etc etc etc

 

That's not technically a commemorative, right ? It was a greatly-reduced but regularly (annually) produced coin, right ?

Comemoratives tend to be 1-time productions, no ?

 

As lots of people have discovered online bidding...the market for everything from baseball cards (moderns) to commemartive coins (i.e., National Park Saint-Gaudens) to even Disney Dollars...have soared.

If enough people wise up and stop buying CRAP from Etsy or Ebay (the junky stuff, not the good stuff) or Craigslist or Facebook.....that would be a seismic change.

Maybe the collectible market and buyer are today where online DIY investing was in 1999-2000. More education needed, but the numbers are there to transform our little hobby.

 

His comment had nothing to do with commemoratives. He said anything produced as a collectable thats everything thats not circulation

But yea ASEs arent commemoratives. The commems are dictated by congress

 

I don't know how many of you started from scratch when you were young. I didn't start until I got my father's "collection" as it was. I live in a small town in Eastern North Carolina and I only got help from Coin Talk or a collector in Raleigh which is an hour away. I learned the hard way, by buying from the Mint when I started and I did buy a bunch of junk. Someone lead me to ebay, and I bought a lot of junk there. Finally, when I started reading coin websites by collector's nor dealers, I learned a lot more, but I still paid way too much for my coins. I have the Proof Sets from 2009 to 2021, which aren't worth much today. I also bought the Silver Proof Sets and the Silver Proof ATB Quarters Sets. The one annual set that I'm really glad I bought was the 2018 San Francisco Mint Reverse Proof Silver Set.
I like to watch the TV Coin Shows for laughs. I learn a lot from Rick's Show. I bought one coin from him when I first started. It had been graded by NGC PF or MS70 and was the year that the Congratulation ASE was sold out. I bought 10 nice and shiny Morgan 1921 coins in a tube for $500, also bought when first started. Mike must record his show, because when I flip through the channels the same ad has been run for T-1 ASEs for the past week. I have bought coins through ebay for my collection of coins minted the year of my birth (1947). The graded coins were MS65-MS66 and I have 1947 RAW coins. It is a nice way to collect coins. My 2 favorites are the 1947 S/S MS65 RPM FS-501 and the 1947(P) Jefferson Nickel MS66 from the Omaha Bank Hoard. It's nice to find some odd ducks out there.

 

The TV Coin Shows are virtually an insult to anyone's intelligence. The fervor and hype of attempting to separate a fool from his money are nauseating. Recent example from the show mentioned above was a common date US $20 NGC MS-63 graded double eagle for $3900.

 

...but I'm pretty convinced that those premiums will be temporary.

I started as a YN back when proof sets were $5, well out of my reach. But I was mad that I hadn't gotten the 1970 Mint or Proof sets, because those, with the last-year-of-silver-production, not-released-for-circulation Kennedy, quickly bounced up to $15 or even $25 in the aftermarket!

If you patiently held onto them until today, they'll bring you... about $15. And that's in 2022 dollars, not 1972 dollars.

The 1999 silver proof set. Issued at the obscene price of $31.95 for $1.91 face value worth of coins. Quickly blew up to $400 or more in the next few years -- and has been declining ever since. Today, if you're patient, you can land one on eBay for $50.

The 2012 mint set still carries a premium, but I think even that has been sinking steadily.

With mintage and demand information so easily and widely available these days, there's less room for surprises. When something is expected to be a sellout, it does sell out, its price spikes, and then it settles back -- not always to its issue price, but usually well below its peak.

 

proof sets in those years are worth if your lucky maybe $4.00 a set IF YOUR LUCKY.

 

Collecting U.S. mint and proof sets is strictly for those (or should be) who simply want to capture history and for sentimental reasons (see birth years, happy occasions, etc.). Anyone who thinks that those sets are for investment purposes has to be smoking some happy weed. I have collected some of the silver sets but only if they correspond to certain family historical dates. I hope to pass on those sentimental coins to my daughters, and they can do with them what they wish.