How far can the price of 2005 mint set go?.

The 2005 mint sets, per my dealer, are going to go through the roof and I tend to agree. The first and formost reason is literally thousands of sets were cut apart immediately by dealers and individuals wanting to sell of individual coins. Secondly they are the FIRST, read my lips, FIRST ever full set of SATIN coins and the third reason is two of the coins (the nickels) are ONE YEAR issues and they too are SATIN! Now Speedy you are way to quick to bark my friend as MILLIONS have not been made. You have much to learn about supply and demand as that is what drives prices in this hobby. Only a little over a million sets have been produced and the mint is getting ready within the next two weeks probably to announce NO MORE ORDERS! So how many 2005 mint sets are left at this time. No one knows, as I just said, huge numbers have been cut open and rolls and rolls of coins sold off. Brace yourself for a shock as this time next year this set will make the 2004 set look like a cheap set! Mark my word on this one!

 

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2005 mint set - satin finish

then, the price should go over 2004 mint set to $150.00 i guess. because the shipping date was changed again to dec. 1, 2005. this date will be the last one to ship out.

 

I call that HYPE---I still get almost every 1999 SQ in change...in all grades to BU....

You know....we have talked about this before....no one can be sure...if you can be you need to start working for a BIG coin CO. as they would pay big money for a guy that can tell what coin will go up and what one will go down.

Now Terry....Millions of SETS Have been made...I've seen the reports that have been in CW....where do you get that there haven't....BTW--Dealers will ALWAYS say a set is going up...never ever (even if he is your best friend) trust what a dealer says about a set going up...they are business men and they want to make money.

I think we talked about this with the Nickels....I've read and read about it and talked about it and I still come to the same thing....

Now that doesn't go along with what you said.....MILLIONS have been made....if a number is 1,000,001 it is MILLIONS...because there is more than 1,000,000.
Have you ever read what the mint does...they say no more ORDERS...then about a year later they say...well look here...we just found a box in the back room that had 1000's of these coins we thought were sold out---that has happened time and time and time again but yet you think they are telling the truth with this one?....

I've still marked your word on the Buff Nickel................................

Speedy

 

Terry.....

Let me go a step farther....
You say that only over a Million (and you don't call that MILLIONS) have been made and that these set will be rare and go up....Now I'm in no means saying that they might not go up for a time and I'm not saying you are total wrong...but I wish you would think about this and maybe you will see what I see.....
Name 1 or 2 Key Day coins that have a mintage over 1,000,000....I know of 1 that could be called a key date that has mintage over 1 million but most KEY date (and I'm not talking about simi-key dates)

I agree about supply and demand but there has to be a LOW Supply for there to be a Demand...like the 264,000 1916-D Dimes...not every collector can have one of that date...but whereas the 2005 Mint set....

Speedy

 

2005 mint set

if nickel really play a role for price increase. then the last remainding set - westward journey 6 pc nickel set will also move upward. right?. last year, 2004 westward journey 6 pc set went over $40.00 a set.

 

2005 mint set

it's final. it's sold out. dealers were selling 2005 mint @ $34.95. marine proof dollar @ $95.00. westward journey 6 pc nickel set @ $24.95.

 

2005 mint set

so it is my low estimated that prevail. $34.95, that's within $30.00 to $40.00 range.

 

Just because one date went up (I call it more HYPED...you can still get them in change so they aren't rare or hard to find) doesn't mean that the next one will.
If that was the case the 1910-S Cent would be rarer because the 1909-S cent is rarer.....

Sorry...but your wrong.
The mint website doesn't say anywhere that is is sold out.
Maybe you saw where it said it was backordered......

Speedy

 

Speedy I will reply as soon as I have the time but must say this at this time---AT NO POINT IN MY POST DID I USE THE WORD RARE!!! You young collectors MUST get that word OUT of your vocabulary, along with every one else hyping junk on Ebay. Learn what RARE and UNIQUE really stand for and ONLY use it then as it is defined! To put things into a little better perspective there have been 1,115,000 mint sets made and sold thus far. How many have been destroyed by cutting them open? 100,000 sets, 200,000 sets, 300,000 sets or more? You don't know and neither do I and here in lies the greatest single reason for prices to escalate and, say by mid-summer next year all the dealers are sold out! Well what must happen then to get you and me to turn loose off a few sets? Basically it is the same thing throughout this hobby. How many 1889CC Morgan dollars are left? Pick any coin, check dealers inventories and the answer is still the same. If they are far and few prices will spiral and until someone releases a hoard of any coin that will pretty much hold true. Or, if you or I should stumble on to buried or sunken treasure full of the same date, low mintage, high priced rarities the opposite could take place. Prices will drop on those all ready known to exsist! Will wait until this time next year and then you can poke fun at my 30 years of experience for being wrong or do just the opposite and admit your youth may sometimes speak a little quick and with inexperience? You must alwasy consider there are a great number of collectors, both old and new, reading these posts for a great number of reasons. Give it some thought!

 

Well I don't think I said you did....
We shouldn't get it out of our vocabulary...that is a good word and there are times when we all need to use it.

You know....your right...but then why above did you think that this year Mint set is going to go up??...that is hype and that is also a guess.
I am only guessing too but before I guess or offer an opinion I try to look up things and read about it....

Maybe....but how many non collectors are out there buying 2 or 3 for B-days or such...

They might sell out--but it is going to take more than that to up the price---dealers sell out of items everyday yet that doesn't make the value go up.

Not much....any kind of need where we need fast money and we would sell at issue price....but I see your point....but not everyone is in here for a fast buck....they would be happy if they made their money back

Well then that kills the 2005 Mint Set and all of the new coins....there are sooo many they aren't few and far between....as for the nickels I get them in change....and the Mint has just released a hoard this year...a hoard of 2005 Mint Sets and New Nickels and new quarters....and so on....

I haev NEVER EVER poked fun at you....I respect you a great deal...you have pointed out many things I wouldn't have seen or thought of....back to the old CW forum you have been a great help.

I'd do that today....but as I said before...I try not to speak on something like this topic without either reading or talking to other collectors and asking others before I ever speak my mind.
I am way inexperience...but I must say...everyone is...there is no ONE person who knows everything with 10 years or 50+ years of collecting....there is always something they can learn from either an older person or from a younger person.

Amen...and I hope that a part of my posts have helped in someway.

Amen amen....you can say that again

Speedy

 

I went and did some more reading.....and it seems to me that NGC is putting SMS on the slabs when they grade a coin from a 2005 Mint Set....if this SMS set is going to be worth so much why haven't the 1965-1967 SMS gone up?...1967 SMS only had a mintage of a little over 1 million and yet its not sky high.....
It seems to me from what I read that the coins are not the same but like the SMS coins from the 60's---is that right??

Speedy

 

The old SMS's were different. They have many similarities to all the mint sets struck since 1965 but the dies were usually basined and polished which is not typical of the other clad mint sets. Some of these planchets were polished which is also atypical though some later ones are burnished which is a similar process. The new process for the mint set coins is very little changed. The dies have been chromed and given a slightly different finish but otherwise mint set coin production is essentially unchanged since 1965. For all these years the best coins are generally found in the mint sets though there are many exceptions. If you prefer clean surfaces to full strikes then there are even more exceptions.

The old SMS's were ignored until only five years ago. There were virtually no collectors of moderns and proof collectors considered these mint sets while mint set collectors considered them proof sets. Attrition on all the clad mint sets is very high for many reasons and they vary from date to date. The old SMS's while greatly dimiinished in number are still sufficiently available to meet most demand. In 1997 a '67 set would have cost about $4 but today wholesales at $15.50

As demand continues to grow for these coins it's a safe bet that supply will be further stressed. This is not to say they should be purchased for this reason just that if you intend to buy you may be better off to do it sooner than later. There is variability in these sets so selecting a nice one is always advisable.

 

cladking.....
Again and again you prove your name...cladking!
Thanks for the info...
So why is NGC slabbing these coins as SMS??

But $4 was issue price right??...so in that case it too 30 odd years for people to drive up the price more than issue price.......

Speedy

 

It is all opinion, which is what makes it fun. I gotta go with Terry on this one.

One other factor that plays in is the impact of the internet, forums like this and ebay. There are lots of new collectors out there who would not even have thought to begin collecting (or buying and selling) except for the vast amount of information (and a sales forum) now available. I think that impact will only increase the demand.

I'm a new "collector" myself--even though I've pulled out coins and a few bills from general circulation over the years just because I thought they were interesting. I've been in a coin shop maybe 5 times in my life. They are a little intimidating. But, sites like this and the easy accessibility of information have encouraged me to start collecting on a small scale for myself and other members of my extended family.

That kind of addition to the collecting market, even if not truly serious collecting, is bound to have an impact.

One more opinion. :whistle:

 

Speedy, how many special coins or commemoratives were made in the 60's or 70's? You can't even compare those years with what is going on now, world wide, yet you try to? Were you even alive in the 60's or 70's to make an honest comparison? The SMS sets were nothing much other than the fact during that period of time some genius in the government decided that we coin collectors were the reason for the nation wide coin shortage. They decided to eliminate mint marks and make just ONE set of coins to offer those few years to keep all us coin collectors from hoarding all the change. It never dawned on them they weren't producing enough coinage, that millions and millions of coins were lying in cans, jars and dresser drawers and no one had a clue how many thousands and thousands of dollars in change is lost or destroyed every year so it had to be the darned coin collectors. The SMS sets were nothing to get excited about then and still aren't today. Be glad you are a living coin collector in this period of time as there is a world of things going on, you have uncounted opportunities we didn't during that period of time and you have something we didn't to furthur enhance collecting and trading all over the world. THE INTERNET!!! Swore I would never have one of these computers in my house but, as a coin collector, it is the greatest thing that ever happened to me and my hobby!

 

I could be wrong (or I missed something) but I was under the impression that the 60's set was "Special Mint Set" and the new SMS designation is "Special Matte Surface", as in the 1998 Kennedys set.

 

Wasn't there a double-die (double profiled Kennedy) in the '66 SMS? It seems that such a variety would make the set very desirable. That is something that I could get excited about.

 

Not many if you count how many they make today.....that is why Investers are sooo happy---they can hype this up as a Boom in the coin market.

Did I?....I was just bringing one set and another set together and trying to find out if they were both considdered SMS.....

No sir---that is where my love for reading comes in.

You say that for the SMS...and I say the same for the 2005 Mint Sets

Now Terry---that doesn't make "cents".....there are many reasons for looking for SMS...there are CAMEO coins that hide in them...there are DD and the like....the way the new machine works at the mint today you won't find any DD in the 2005 Mint set.

Buddy---you don't know how glad I am!!!

I hope you have a great day---I'm willing to wait this out and see who is right.

Speedy