Silver Proof Sets versus Regular Proof Sets?

two are all good

i like silver proof rather than clad proof. it is more whiter and much expensive.

 

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I have been purchasing a silver proof set every year since returning to the hobby back in 1996. The thing that I have noticed lately is that the mintage numbers both last year and this year are quite low for the silver sets. I understand that as the price has risen, the demand has been lower. I only hope that going forward people continue to collect silver proof sets as this will mean solid appreciation for any set with low mintage.

 

If you search for the thread listing dealers that I started, the one from Virgina had hundreds of proof sets to chose from.

Ruben

 

oddly, the sets I have received from the mint haven't been hazy. I didn't think that it was an issue since the late 70s. When a set has been unacceptable, the Mint has been very good about replacing them. The one I did have to return recently the Wyoming quarters had a haze in the field.

 

Silver vs. Clad Proof Sets

GDJMSP,

I have learned a lot from your posts. I like your idea of going thru local dealers and establishing a repore' with them and bypassing Ebay.

That article you gave me was key. WOW! No wonder the 2001 sets are so expensive on Ebay. You can't find them for under a 100 dollars each now (Silver). Some people are asking up to $400.00 dollars for the Silver sets (2001).

Here's a quote from this article you posted:

"The Mint held back 150,000 Proof sets each from 1999, 2000 and 2001 in a scheduled plan. Officials wanted to offer them to collectors who may have missed the initial offerings and to new collectors wanting to get into the hobby after collecting the State quarter dollars and wanting to start from the beginning, according to Pickens."

My question for you is, if the U.S. Mint is holding back 150,000 sets for collectors to play catch up who came into it late (That's me) when do you think they will be offering those three years? Hawaii is it for the 50 state quarters. Could the Territories be the key?

I noticed that the U.S. Mint opens the vault from time to time (i.e. 2001 Kennedy Half dollars). Could these sets 1999, 2000, & 2001 not be that far off?

Can you also tell me some other items that the U.S. Mint brought out of the vault recently?

Thanks.

 

They, being the U.S. Mint? All the stuff they have being the 2008 Proof sets: silver & clad?

 

They better have something left. I just received this huge gift catalog.

Ruben

 

Started early this morning...still lots for sale.

 

U.S. Mint Sale

It was nice... I picked up the 2007 Proof sets: Silver & Clad.

Do they ever reduce the prices? It's interesting when they use the term sale.

 

That's an interesting question. I do believe that the prices that these offerings are going for is the price that would have been charged when they were initially on sale. I don't think we're getting a bargain here folks, although who ever walked off with the 2004 mint set(s) probably did rather nicely.

 

not good at all

all those dated before 2008 might be returned goods. coins might be toned. not a good investment. those were really unwanted coins.. the mint should have been melted it long time ago.

 

Returned goods

I hope not... As mentioned below I picked up the 2007 proof sets: Silver & Clad. I was told to go thru the U.S. Mint rather than on Ebay because as I've been playing catch-up with these proof sets. I've gotten some stinkers from some of the dealers: toned coins, some of them the boxes weren't so nice, a couple smelled like an ash tray.

I hope your wrong elaine...

 

don't buy

don't buy 2007 proof set. i bought 25 set before on closing date during 2008. all were toned. hazed. and all the outer boxes were terrible. i can returned. but just to gamble it due to low mintage. and the mint can't replace it. see the description from the mint. you can return it only if damage during delivery or in transit. how can those coins be damage. it can only be toned or hazed during water damaged at warehouse. returned by other and due to unsafe keeping. you can try it. you will be discourage.

 

Nothing beats picking up a coin , raw or slabbed and eyeballing it. A photograph or an on line image can make the decision difficult.

 

Hi Elaine.

Haze is pretty natural for a modern proof set, whether it's silver or clad. Those sets do open and close easily, so you could pop them out and clean them, but I would not recommend it. It's pretty easy to damage the coins. I don't clean my coins, but I'm really picky about how I store them, always in an intercept shield box (http://www.collectons.com/shop/item/3354/Intercept-Shield-Storage-Box-for-Mint-Proof-Sets) with a dehumidifier (http://www.collectons.com/shop/cat/179/index/0/Coin-Supplies-Dehumidifiers). Those same guys sell proof sets on their site too and they guarantee satisfaction.

 

Elaine, I haven't noticed ANY hazy sets in the last several years. I would suggest that when you buy, inspect the sets that you receive. No matter how tedious this may sound. If, in the future your sets tone or haze, then you can be relatively certain that it is the environment in which they are being stored that is causing the hazing and take appropriate action for the future.