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1999 Silver Proof Set Spiking and Tanking
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<p>[QUOTE="19Lyds, post: 2599467, member: 15929"]The 1999 Silver Proof Sets were undersold with less than 805,000 sold. Of that 805,000, a bunch weren't sold on the first go around and sat in the US Mints Vaults, unprotected.</p><p><br /></p><p>Year 2000 and 2001 suffered the same fates. Given the fact that the price was $31.95 for each set (compared to the CnClad sets at $19.95) they just were not selling.</p><p><br /></p><p>In 2001, the US Mint offered the 1999 and 2000 sets again at the $31.95 price. The only trouble was that due to inadequate storage, a lot of the sets were all fogged up and in some cases ruined.These were returned.</p><p><br /></p><p>In 2002, PCGS began the Set Registry Program and prices took off. Especially for the 1999 and 2000 Silver Proof State Quarters.</p><p><br /></p><p>On November 10, 2003, a PR70DCAM PCGS Georgia Quarter sold for $1,610 and then it was off to the races. The highest Price paid at a Heritage Acution was for a PR70DCAM Delaware coin which sold for..........$17,250 on Dec 4, 2007. Thats right around the time that the 1999 Silver Proof set was peaking in price at close to $500 per set.</p><p><br /></p><p>A majority of the multi-thousand dollar Silver State Quarters sold thru Heritage were Delaware coins with a spattering of others. Georgia comes in 2nd Place for highest price at $6,037.50 on Nov 30, 2007 but that $17K Price for the Delaware got a LOT of folks buying and submitting these coins. I imagine that it drove the prices up considerably.</p><p><br /></p><p>The downfall to these magical prices was.......the end of the State Quarters Program where they were now out of the public's eye. Again, if nobody is interested, then they simply will not sell.</p><p><br /></p><p>However, of ALL the State Quarter Silver Proof Sets, the 1999 still commands a slight premium over the rest.</p><p><br /></p><p>I wished that I had purchased more than the two I got at issue price.</p><p><br /></p><p>Today, I wish I had sold the one set I have left when the prices were high but, such is the Collectors Market.</p><p><br /></p><p>It goes up, then it goes down with few coins ever really retaining their hyped prices.</p><p><br /></p><p>There are some exceptions but not all that many compared to the all the various coins issued by the US Mint as Collector Pieces.</p><p><br /></p><p>PS: There was once a time when the CnClad 2001 Proof Set routinely sold for more than $100 because of the Sacagawea Dollar and no doubt, some kind of a registry scramble.</p><p><br /></p><p>Ref: <a href="https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-delaware-silver-pr70-deep-cameo-pcgs-pcgs-population-16-0-ngc-census-207-0-numismedia-wsl-price-for-ng/a/371-67529.s?ic4=ListView-ShortDescription-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-delaware-silver-pr70-deep-cameo-pcgs-pcgs-population-16-0-ngc-census-207-0-numismedia-wsl-price-for-ng/a/371-67529.s?ic4=ListView-ShortDescription-071515" rel="nofollow">https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-delaware-silver-pr70-deep-cameo-pcgs-pcgs-population-16-0-ngc-census-207-0-numismedia-wsl-price-for-ng/a/371-67529.s?ic4=ListView-ShortDescription-071515</a></p><p><br /></p><p>Ref: <a href="https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-georgia-silver-pr70-deep-cameo-pcgs/a/370-60979.s?ic4=ListView-ShortDescription-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-georgia-silver-pr70-deep-cameo-pcgs/a/370-60979.s?ic4=ListView-ShortDescription-071515" rel="nofollow">https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-georgia-silver-pr70-deep-cameo-pcgs/a/370-60979.s?ic4=ListView-ShortDescription-071515</a>[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2599467, member: 15929"]The 1999 Silver Proof Sets were undersold with less than 805,000 sold. Of that 805,000, a bunch weren't sold on the first go around and sat in the US Mints Vaults, unprotected. Year 2000 and 2001 suffered the same fates. Given the fact that the price was $31.95 for each set (compared to the CnClad sets at $19.95) they just were not selling. In 2001, the US Mint offered the 1999 and 2000 sets again at the $31.95 price. The only trouble was that due to inadequate storage, a lot of the sets were all fogged up and in some cases ruined.These were returned. In 2002, PCGS began the Set Registry Program and prices took off. Especially for the 1999 and 2000 Silver Proof State Quarters. On November 10, 2003, a PR70DCAM PCGS Georgia Quarter sold for $1,610 and then it was off to the races. The highest Price paid at a Heritage Acution was for a PR70DCAM Delaware coin which sold for..........$17,250 on Dec 4, 2007. Thats right around the time that the 1999 Silver Proof set was peaking in price at close to $500 per set. A majority of the multi-thousand dollar Silver State Quarters sold thru Heritage were Delaware coins with a spattering of others. Georgia comes in 2nd Place for highest price at $6,037.50 on Nov 30, 2007 but that $17K Price for the Delaware got a LOT of folks buying and submitting these coins. I imagine that it drove the prices up considerably. The downfall to these magical prices was.......the end of the State Quarters Program where they were now out of the public's eye. Again, if nobody is interested, then they simply will not sell. However, of ALL the State Quarter Silver Proof Sets, the 1999 still commands a slight premium over the rest. I wished that I had purchased more than the two I got at issue price. Today, I wish I had sold the one set I have left when the prices were high but, such is the Collectors Market. It goes up, then it goes down with few coins ever really retaining their hyped prices. There are some exceptions but not all that many compared to the all the various coins issued by the US Mint as Collector Pieces. PS: There was once a time when the CnClad 2001 Proof Set routinely sold for more than $100 because of the Sacagawea Dollar and no doubt, some kind of a registry scramble. Ref: [url]https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-delaware-silver-pr70-deep-cameo-pcgs-pcgs-population-16-0-ngc-census-207-0-numismedia-wsl-price-for-ng/a/371-67529.s?ic4=ListView-ShortDescription-071515[/url] Ref: [url]https://coins.ha.com/itm/statehood-quarters/quarters-and-twenty-cents/1999-s-25c-georgia-silver-pr70-deep-cameo-pcgs/a/370-60979.s?ic4=ListView-ShortDescription-071515[/url][/QUOTE]
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1999 Silver Proof Set Spiking and Tanking
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