2008 Mint Set Price

Does anyone have any insight to why this set trades so high? I constantly see these sell for $45-$70 while the lower mintage 2009 sells for $25-$35 and includes the additional Lincoln cents.

 

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There are different types of proof sets and, all else being equal, they book at around the same price. Perhaps you are not comparing apples with apples.

 

I am looking at the satin mint sets only from both 2008 & 2009.

 

IIRC Jerry, the 2008 Mint Set sales ended before the end of the year and whenever that happens, the final year end demand doesn't get fulfilled and typically those sets will sell at a premium for a while afterward.

The same thing happened in 2004 and I know that for several years, the 2004 set sold at a premium, but I am unsure if they still do.

 

The 2008 set has a lower mintage than the 2009 - the Red Book has not been updated. The 2008 set also contains the lowest mintage keys for the LMC series and the state quarter series, both of which ended in 2008.
Now, if you want the probable key for the new shield cents and probably a few other series, grab the even lower mintage 2010 satin mint set while they're still inexpensive.

 

That makes sense.

 

There does appear to be a big price difference and I am not sure why except maybe the state quarters from 2008 are more popular.

Ah . . . Yeah . . . what statequarterguy said.

 

I have also heard the theory that because 8 is an important number in Chinese culture. Because of '8' being such a lucky number many sets were bought up by the asian market. seems plausible on top of the mintage numbers.
as usual
walter

 

That might be true, that the Chinese community would be more inclined to purchase it because of the 8 in the year. However, it was the year the Summer Olympics were held in Beijing, I would think they would have purchased gold Pandas instead.

 

Was this an actual set? In the catalogue, could you choose between uncirculated, proof, and satin uncirculated sets?

 

There was no uncultivated set you had get those coins in bags or rolls. The sets were Satin Finish Mint Set, Clad Proof Set, and Silver Proof set.

 

The 2008 had a lower mintage, it was the last year for the LMC, it was the last year for the state quarters, it was the last year for the Sac dollar, it was the last year the President dollar didn't have IGWT on the obv or rev. There were just a lot of things that happened that year.

 

The 2011 ends on 12/17, but SMS/Statin was issued for 6 years 2005-2010, The 2010 is the way go with the lowest mintage. I still like the 8 copper cents in 2009 set.
[TABLE="width: 340"]

US Mint 12 $27.95 28 coins
[TD="align: right"]315,943[/TD]

US Mint 11 31.95 28 coins
[TD="align: right"]529,668[/TD]

US Mint 10 $31.95 28
[TD="align: right"]585,414[/TD]

US Mint 09 $27.95 36
[TD="align: right"]774,844[/TD]

US Mint 08 $22.95 28
[TD="align: right"]754,755[/TD]

US Mint 07 $22.95 28
[TD="align: right"]907,268[/TD]

US Mint 06 $16.95 20
[TD="align: right"]934,360[/TD]

US Mint 05 $16.95 22
[TD="align: right"]1,160,000[/TD]
[/TABLE]

 

Does anyone know if the TPG’ers certify the 2011 or 2012 mint set coins as anything special or are they simply the same coins you can get from the bank?

 

I like the 2009 & 2010 sets too, but the 2008 has its own rarities, as mentioned above. Where did you get your mintages? I’m finding the 2008 set at 745k, not 754k.

 

Oh, what is 9,000 sets out of a possible 745,000-754,000? :smile There are still quite a few out there.

 

Quite a few, but still low mintage, due to unpopularity of the satin finish at the time they were sold. If/when they catch on for those who want a complete set, the low mintages could cause the prices to appreciate significantly. Many of these have lower mintages than the 1931-s cent and most, if not all of the mintage of the 1931-s was saved, as were these satins. I’m not expecting 1931-s prices in my lifetime, but there’s a chance for much higher prices than today, some are already moving higher. If/when they’re included in folders/albums and separate from the mint sets in the Red Book, we should see demand increase.

 

I think you're right. People are driven to fill those holes.

 

I like filling holes. :smile

 

:devil: