I see the mint announced 12/30 will be the last day to purchase 2010 annual sets. Some pretty low mintages so far. How and which of these sets do you like and are you going to order more?
I recently ordered 2 2010 silver proof sets, long after my original order of 1 set. I'm hoping, with the low order #s, and the price of silver... (I'm) expecting it to go up...well I also ordered 2 2011 silver proof sets for the same reasons.
Yeah, I'm thinking about picking up some 2010 silver proof sets and some mint sets. 2010 is the last of the satins, first year for the shield cent and very low sales so far. May be a good time to put these away since so many appear to be focused on PM's for now.
Mint or E-bay Checked out the prices on the US Mint page and then noticed that some people are offering proof sets for lower prices on e-bay. What gives? Are they serious and why are they doing this? Am I missing something elementary?
For 2010, I don't like the mint sets because they are the unpopular satin finish. High mint state slabbed examples of those coins are not very valuable. They're basically another type of clad proof coin. As for the silver proof sets, it's a mixed bag. The sales are fairly low, but if the quality is high enough there won't be a shortage of coins at the PR70 level.
Ah, a new collector? I'm still amazed how some disregard mintage rarity and look only at grade rarity. Although I understand grade rarity, how do you explain what any of the key dates, 1877, 1909-s vdb, 1931-s, 1916-d, etc., sell for in ag3 condition, or for that matter, modern rarities that have gone ballistic in any grade? As for the satins, yes very close to matte proofs, yet much lower mintages than modern cameo proofs. History shows the fact that they're currently under appreciated to be priceless for future appreciation. Satins could be starting to move now. Take for example the 2008 satin cents, the key date for the Memorial Series. There’s only one seller of these rolls on eBay and he/she is asking $200/roll. Although the price sounds high, it only works out to $4/coin, there are no other 2008 roll sellers, and the mintage is lower than the 1931-s, and probably as many 1931-s cents were saved. I'm sitting on my 2008 satin cent rolls because I figure they're going to be worth a lot more than $200 (in any grade).
You aren't comparing apples to apples. The satins were never circulated. And who is going to be around in 80 years anyways? In my opinion satins are more comparable to a clad modern proof or commemorative rather than a rare wheat cent. And besides, they've sold over 575,000 2010 Mint Uncirculated Sets. Is that so rare? On the other hand, you can pick them up cheaply. So it's not a big risk.
Most of the 1931-s cents were saved, so there's probably as many of them as 2008 satins. For a coin that's part of a popular high mintage circulating series, yes anything under a million is rare, especially if it's the key for the series. Comparing these to less popular commems is not comparing apples to apples. Yes, they are cheap for now because they haven't caught on yet, but see my revisions to the post you quoted. You're right, at today's prices they are not a big risk, but IMO worth speculating on.
OK, it makes more sense to me now with the comparison to 2008. There were 28 coins in the set and they originally sold for $22.95. 10 dollar coins, 10 quarters, 2 halves, 2 dimes, 2 nickels, and 2 cents. FV $13.82. You could make a pretty good return selling the coins off individually just 3 years after their issue.
Yeah, like I said I like the satin cents, but just maybe, what has surpassed the cent as the most collected coin, is the state quarter series. Probably more serious cent collectors, but 150 million collected the state quarters, wait till they realize the low mintage satins are out there.
I think a good portion of the 150 million would be considered casual collectors who never really got serious and who are, today, pouring their collections back into circulation. For the years that the program ran, I never found a great number of the coins in circulation. Now, a day doesn't go by that I don't get one or two in the change.
Yeah, that's probably right, but at this time state quarters are my best seller at an antique mall. Collectors are buying the ones they missed and can't find in circulation (mostly Territories). You should see how happy they are when they get the final ones to complete their sets.
Funny thing. For awhile, last year, I was getting all of the territorials in the change. Now, nada zilch. Lately it's been all of the earlier issues ('99-'03).......
I bought 10 rolls of circulated quarters last year and sorted out the states and wound up with a 50/50 split between states & eagles almost to the quarter - didn’t pay attention to what they were. I picked them out to have at the shop, mostly to point out to collectors the difference between uncs & circs. I sell the uncs for a buck and the circs for $0.25, again to point out why what you find in your pocket is worth a quarter. Unfortunately I sell a lot of the circs. Lol Since the territories are low mintage and collectors are buying them, I started checking the quarters I get in change and no Territories for over two years.
