Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
1999 and 2001 silver proof sets.
>
Reply to Thread
Message:
<p>[QUOTE="yakpoo, post: 904261, member: 18157"]I just returned to coin collecting in 2005 after a 30 year hiatus. I asked a similar question about the 1999 silver proof sets in another thread and learned something interesting. </p><p> </p><p>Apparently, there was a "one per household" limit on sales for the 1999 silver proof sets. When coins (or sets) are more widely distributed, there's less "dealer dumping" on the market and prices generally perform better over time.</p><p> </p><p>There were more sets sold in 2000 (I guess because of the Millenium). 2002 sold less than 3000 more sets than the 2001, but the Red Book lists the 2002 silver set at less than half the price of the 2001 ($70 vs. $150). <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p> </p><p>I don't know "first hand", but I would guess that by 2002, the order limit had been lifted and a greater concentration of these sets were bought by dealers who cherrypicked the best examples and sold the rest off to a non-assuming public.</p><p> </p><p>Another event that occurred during this period was a change in die preparation technique. Up until 2004, dies were sand blasted to produce the frosted devices. Beginning in 2004, the Mint began switching to a lazer process that's much cheaper and lasts longer.</p><p> </p><p>I believe the change to the laser process may account (in part, anyway) for the 10x increase in PF70UCAM coins graded by NGC/PCGS...and may partially account for the premium earned by the earlier, lower mintage sets.</p><p> </p><p>I've always thought the 2002 set was a "relative sleeper". The Red Book list prices for the 1999/2001 silver proof sets were $400/$200 in the 2009 issue and fell to $350/$150 by the 2010 issue...whereas, the 2002 set remained steady at $70.</p><p> </p><p><b>FYI</b>...You may want to consider picking up a few of the 2009 Unc sets before they go off sale (June 15) from the Mint. That's the only place to find non-proof, 95% copper 2009 cents. As of May 27th, there were only 764,000 sets sold. :secret:</p><p> </p><p><b>EDIT:</b> It may be worth noting that the Mint says...</p><p> </p><p><br /></p><p> </p><p>...they really don't say they're stopping sales altogether. Does this mean that the "average Joe" can order Mint sets (or other products) via mail? If so, were do we get the order forms? Or is this just a legal "CYA" so they can continue selling to dealers, but not the general public? Who knows?</p><p> </p><p>I tried to examine this issue in the "<a href="http://www.cointalk.com/t108553/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t108553/">Stunningly Obtuse</a>" thread.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 904261, member: 18157"]I just returned to coin collecting in 2005 after a 30 year hiatus. I asked a similar question about the 1999 silver proof sets in another thread and learned something interesting. Apparently, there was a "one per household" limit on sales for the 1999 silver proof sets. When coins (or sets) are more widely distributed, there's less "dealer dumping" on the market and prices generally perform better over time. There were more sets sold in 2000 (I guess because of the Millenium). 2002 sold less than 3000 more sets than the 2001, but the Red Book lists the 2002 silver set at less than half the price of the 2001 ($70 vs. $150). :eek: I don't know "first hand", but I would guess that by 2002, the order limit had been lifted and a greater concentration of these sets were bought by dealers who cherrypicked the best examples and sold the rest off to a non-assuming public. Another event that occurred during this period was a change in die preparation technique. Up until 2004, dies were sand blasted to produce the frosted devices. Beginning in 2004, the Mint began switching to a lazer process that's much cheaper and lasts longer. I believe the change to the laser process may account (in part, anyway) for the 10x increase in PF70UCAM coins graded by NGC/PCGS...and may partially account for the premium earned by the earlier, lower mintage sets. I've always thought the 2002 set was a "relative sleeper". The Red Book list prices for the 1999/2001 silver proof sets were $400/$200 in the 2009 issue and fell to $350/$150 by the 2010 issue...whereas, the 2002 set remained steady at $70. [B]FYI[/B]...You may want to consider picking up a few of the 2009 Unc sets before they go off sale (June 15) from the Mint. That's the only place to find non-proof, 95% copper 2009 cents. As of May 27th, there were only 764,000 sets sold. :secret: [B]EDIT:[/B] It may be worth noting that the Mint says... ...they really don't say they're stopping sales altogether. Does this mean that the "average Joe" can order Mint sets (or other products) via mail? If so, were do we get the order forms? Or is this just a legal "CYA" so they can continue selling to dealers, but not the general public? Who knows? I tried to examine this issue in the "[URL="http://www.cointalk.com/t108553/"]Stunningly Obtuse[/URL]" thread.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
1999 and 2001 silver proof sets.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...