A seller has approached me with a 1984 Jamaica Proof set of which very few, 335, were produced. I am trying to determine a fair price to pay but there are zero comp sales that I can find anywhere. I’d love some input from anyone familiar with such low mintage sets. A few are listed on eBay but aren’t moving. Thanks!
Personally if you like the coins I would pay spot silver + 50% as silver is likely to increase by the time you sell (hopefully) . I’ve learnt that low mintage doesn’t mean a lot when issued by mints like Franklin Mint who churn out hundreds of issues. If there is some association with Jamaica or that is your niche what you pay may defy value but if you love them, so what?
It would be tough to sell for more than spot unless you can find someone that has to have it. That said, if you are planning on keeping it you could go over. Silver price alone should let you make money on it in the near future.
Yes, although it's low mintage it's minted by The Franklin Mint and their name doesn't get too much respect anymore unless it's gold, of course. Except from this seller trying to ripoff someone who don't know any better! https://www.ebay.com/itm/137351157592
Even though its rare in its own circle that doesnt make it valuable, would be a difficult resale in my opinion.
Moderns coins don't get no respect. Even without the TV assassins there would be limited value because people just quit collecting coins in 1965 when silver was removed from circulating coinage in the US. This may be counterintuitive since these are silver and not US coins but it's simply not "real metal value", scarcity, historical importance, quality, or much of anything else cited to explain why and what people collect because we mostly just collect what everyone else does no matter how desirable or ghastly. Someday people will care about this set and then there won't be enough to go around any longer. Not that there are many now but the number sure ain't going up every year. I have been seeing some increased demand for high quality, low mintage moderns but it's still limited. You can get a good price only if you can find a motivated buyer but most individuals buying this kind of stuff are shopping price more than for your specific item.
