This set seems to be going up in leaps and bounds. I predict it will go to $500.00 by Christmas 2005, and who knows, maybe $1000.00 within a year. Thanks, BWJR
Why that is very interesting..what exactly makes you think this? I do have one of these and I must say it is a beautiful display piece..but the coins are all common and Modern Commems.. RickieB
I don't think they will go up...think about all of the first year issue of coins and such...most first year issue of a coin doesn't go anywhere...the 1883 V Nickel....the 1932 Quarter the 1909 Cent the 1916 Dime...and I could go on...and the same is with sets....don't look for these to go up for many many many years. Speedy
This seems to be true of modern commem sets and coins nowadays. For a while they skyrocket and then they slowely settle back down to Earth. I think the fancy talkers on ebay convince buyers that if they don't buy "right now" and pay their outrageously inflated prices they will never get the chance again. The feeding frenzy comes fast and furious but usually doesn't last long which is why most sellers list them immediately or even before they actually have the sets. Those who wait usually make very little profit or none at all.
Legacy Set Look carefully at the numbers of all the limited production coins. The cost of the 2004 Westward Medal Set was 19.95. ( 50,000) minted They are selling for $105.00 to $125.00 per set. (600% increase) Still going strong and increasing after 10 months. The 2005 not quite as lofty, but none the less not bad (75,000) minted selling for $35.00 to $45.00 , cost $19.95 (80% to 150% increase. Still going strong after 6 months approx. The Peace nickels 2 pair set Mint wrapped. Sold for 8.95 per set, now selling for over $100.00 per set. More than 12 times its cost and climbing after a year. The Keelboat Set, cost 8.95 per set, now selling for 25.00 to 35.00 per set. A 300% - 400% incerase) Almost a year since its release. Now the Legacy Set has much more going for it, in addition to the proof sets of State Quarters and the penny to dollar proofs, it houses the two 2005 medals of which one of them the Marines will be a real winner on its own. Again a limited edition of 50,000. I feel pretty certain that this will be the big winner of 2005 With a cost of $135.00 it is now selling between $245 -$350.00. This set will not level off. I have taken notice that most of the people bidding on this set and winning are the big number guys. The buyers with high number tranactions. This indicates that these sets are being bought up right now by the sellers. All of your coin magazines are selling the set for $349.00 this includes Simms. Remember what i said it will be close to $500.00 by the end of the year. I am not a seller right now, but items like this may turn me into one.
I hope you are right my friend...going once, going twice..and three times it's gone! Semper Fidelis!!! RickieB
For what it is worth, my general opinon is that these sorts of proces (especially nickel rolls) are just hype and speculation. I do not think these overinflated prices will be sustained in the long run. In the case of the nickels, they are not and never will be rare. Packaging obviouly can affect price, but in the end it is the coins that count. The speculators are buying and selling among each other. On a side note, I am seeing a lot more Delaware quarters in chnage than I used to. People are starting to put things in perspective and are not hoarding like they were. The same will happen with the nickels.
I still stand by what I said before. The 2004 and 2005 coin and medal sets are good examples. Look at what the 2004 set was bringing last year and the 1st of this year. It has dropped considerably and the 2005 set started good and dropped like a rock in less than a year. I saw a 2004 set once sell for $250 and a 2005 set sell for $150, compared to current prices, that's a drop of over $100+ in less than a year...ouch. I think it's all WHEN you buy modern sets, jump in fast and join the feeding frenzy or wait until the price settles down. I hope I'm wrong on the Legacy set for my own sake but it just seems to be following this trend like all the others.
It's funny that you say this because I was just thinking that I haven't seen many Deleware Quarters of late. Over all, I hate these state coins. Most of the designs are too complicated and unworthy of a circulation strike. And my changes is begining to get hard to reckognize (sp) Ruben
Man are you right about that. Im outside of Chicago, im just curious, where do you live? Maybe its where we live and not they are getting released
They will drop like a rock as soon as something NEW pops up on the horizon and collectors and non-collectors alike will move on to the next big hyped item. I would be very hesitant to put much extra cash into these items. While they will hold a premium don't expect current prices to last. That is just the way it is!
I live about 40 miles outside of Boston and work about 5 miles outsde. Ithas been VERY difficult getting quarters from my bank, and forget about nickels. I use the Delaware and Kentucky coins for a counterstamping project so I am accutley aware of them - the Delawares are definitely starting to show up a bit more often.
The end will happen when their is no demand for a particular item. With only 50000 made, and the popularity of the Marine coin, I really dont see this set selling for less than 300- 400 dollars a year from now. With the popularity of this years set, more than likely next years set , there will be more than 50,000 if there even is another set. A likely winner in my mind. Im glad i set enough money aside to buy 10 sets. I'll wait to sell 2 at 500 a piece, and keep eight for free. I just recieved all my orders from the mint this past week, including the nickle and medal sets (way overated) And the Legacy set is among the finest proof sets ever put out by the mint. In my opinion, with all the hype with the new nickles and the Marine coin, This is definately a winner. If you can buy for under $300 ....buy it.... buy it now. Im sure this will hit $500 within six months
