New proof set prices heading through the roof!

These new sets at $31.95 each are going through the roof! In a few years, these will probably be $39.95. May be 5 or 6 years before that happens! But still! These are getting expensive with a $2.00 raise. $2.00 is not much money, but just wait 5 years if they keep going at that rate of increase a year.

 

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Then you should buy alot of sets.

 

I heard the same thing in 1983. I'm still waiting.

 

I am not stocking up on this stuff. Having just the Clad Proof Set would be good enough.

 

All I got was one clad set and I was happy. Remember how much the 1999 proof set was when it came out, but how much it is worth now due to being the first year of the state quarters? Who knows, maybe the same thing will happen to the 2010 set because of the parks quarters...

 

I am somewhat curious to see when the fatique will set in. I am kind of scanning around at mintages of all of the current stuff and see if anything looks interesting. There are way too many programs out now, everyone wanting to make a buck off of coin colelctors. Remember 1936 though. Same thing, but a lot of those coins eventually became good coins.

I am kind of looking at the first spouse coins or the 5 ounce silver and wondering if those might be good long term prospects. Proof sets usually have too many "built in" collectors and sales for me.

 

Proof sets 99% of the time are bad investments! The 1999 Silver Set rose in price than crashed.

 

What i don't like about the first spouse coins is that they are priced to high for most collectors so the chances of them tripling in value like a $30 coin is much lower.

 

The Jackie Robinson coin was high too, and its up there now, right?

 

I said expensive coins have less of a chance to triple in value, not zero chance and mintage is not everything, people have to like the coins and the first spouse coins are some of the ugliest coins i have ever seen

 

When was the last time you took your meds? Crash and burn! Good luck!

Chris

 

I dont see them holding the current prices once the market floods with them. I,m waiting it out.

 

Chris who are you talkin about?

 

To be realistic, I wish the mint would jack the prices to 100 dollars per set. Why would that be good? Because it would produce some of the lowest minages in an already established series of coins. Imagine if the mintages of "s" halves, quarters, nickels, dimes, and pennies went down to one or two hundred thousand. Hum? I'd pounce on that action and trade my retirement account to buy more.

 

Low mintages may or may not be a good thing. In this case it probably would be a good idea.

 

Do you really think the mint would ever walk away from their money maker because they're worried about what the sets might be worth on the secondary market with lower mintages?

 

I was talking to you, but I was just kidding. I don't always use emoticons to let people know when I'm fooling around. It keeps them on their toes.

Chris

 

I didn't say that they would ever do it, I just said that I wish that they would do it. :zzzzzz: I can dream can't I?

 

You can dream of course! It would be a good idea in Reality for them to Spike the price and have Low mintages!