http://coins.search.ebay.com/1999-s...saprchiZQQsaprcloZQQsaslopZ1QQssPageNameZWLRS Can anyone explain why these are so darned expensive on the secondary market? I get two proof sets every year and have done so since 1986 and don't remember paying anywhere near the going prices. Think it was in the $39 range for all nine silver coins, but I can't be sure.
I guess because it was the first year for state quarters & a lot of folks didn't buy them, but want them now?
A lot of people did indeed buy them, since the mint sold out. My guess is that a lot of these people lost interest and stopped buying the mint sets every year. Now, these first year sets are probably sitting at the bottom of a lot of drawers, creating a shortage for those who want them more. Once these people realize how much they can sell it for, they probably do so without much hesitation. I think that once more and more of these sets start coming out on the market, the price will go down.
Plus, the mintage is pretty low. Only 804,565 minted I think. So that is a key factor. Also the demand is pretty good, which will push up the price too. So I think those are basically the reasons that will help push up that price. Phoenix
Too bad I didn't load up on proof sets when the state quarters started coming out, LOL. The 2004 proof sets have really come down. Within a year after coming out they were trading at $80+ on ebay, now it appears that they're down to decent levels again.
