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1999 Silver Proof Set Spiking and Tanking
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<p>[QUOTE="ewomack, post: 2599983, member: 15588"]That's very interesting. Quite a while ago I purchased a PCGS certified (I think in PF69 CAM) 1999-S Connecticut state silver quarter for $20. I simply liked the coin and never thought it would be worth much more than its silver content. The 2016 Red Book (I know that it's not the ultimate word on value) lists it, along with every other silver quarter issue that year, at $30 in PF-65.</p><p><br /></p><p>In any case, this provides yet another example of why one should wait to buy brand new mint products. Nearly all of them (of course exceptions exist) skyrocket in price, then finally settle, like sand on the tide, down to a reasonable price in a matter of time. Novelty and speculation increase the price of a particular new realease at first and, as other things become newer and shinier than that particular coin, the novelty slips away. By that time, anyone who would have paid big $$$$$$$$ has either paid the amount, probably regrettably, or given up. And who knows, after a year or two you may not even want the thing anymore. And that makes for BIG savings.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 2599983, member: 15588"]That's very interesting. Quite a while ago I purchased a PCGS certified (I think in PF69 CAM) 1999-S Connecticut state silver quarter for $20. I simply liked the coin and never thought it would be worth much more than its silver content. The 2016 Red Book (I know that it's not the ultimate word on value) lists it, along with every other silver quarter issue that year, at $30 in PF-65. In any case, this provides yet another example of why one should wait to buy brand new mint products. Nearly all of them (of course exceptions exist) skyrocket in price, then finally settle, like sand on the tide, down to a reasonable price in a matter of time. Novelty and speculation increase the price of a particular new realease at first and, as other things become newer and shinier than that particular coin, the novelty slips away. By that time, anyone who would have paid big $$$$$$$$ has either paid the amount, probably regrettably, or given up. And who knows, after a year or two you may not even want the thing anymore. And that makes for BIG savings.[/QUOTE]
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1999 Silver Proof Set Spiking and Tanking
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