2012 vs 2014 US Mint Proof Set - Clad - 14-Coin Set

2014 Proof Set and 2014 Mint Set Mark Mintage Lowest
US Mint Sales of 2008 – 2014 Proof Sets

Issue Price Coins Issue Date Ending Sales
2014 Set $31.95 14 Mar. 25, 2014 714,661
2013 Set $31.95 14 Mar. 28, 2013 802,460
2012 Set $31.95 14 May 7, 2012 794,002
2011 Set $31.95 14 Jan. 11, 2011 1,098,835
2010 Set $31.95 14 July 22, 2010 1,103,950
2009 Set $29.95 18 June 1, 2009 1,477,967
2008 Set $26.95 14 June 24, 2008 1,405,674
The 2012-dated set previously held that distinction with sales of 794,002. Issued at $31.95, this set has realized secondary market prices in the $100-$115 range.
How about 2014 proof set the lowest mintage but in the market the price in the $38.99-$43.99 why ? Is there anything else special for the 2012 set except the mintage?
Only time can give the answer!

 

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Demand is the primary reason for the price to be so high, but once the demand dies down or if the demand never existed in the first place, then there is no justification for a high price. Too many people equate rarity with value, but it doesn't always work that way.

Chris

 

You have stumbled upon the basic truth of coin and set values - they make no sense. Est quod est. It is what it is. It bears no resemblance to reality, and seldom has. Chris is right, for any point in time. Supply is fixed. Demand varies. What perks up demand? Usually, marketing.

Am I suggesting coin values mostly move due to "pump and dump"? No, I am not suggesting it, I'm stating it outright as a fact.

 

What do you think caused the outrageously high prices for the 1999 Silver Proof Sets? It was the first year of the State Quarters Program. Yes, most collectors new about the sets, but the program attracted about 10 million new collectors to numismatics, and they came on board too late.

Chris

 

I believe that the unusually high demand for 1999 Silver Proof Sets was directly related to a PF70 State Quarter selling for $17,000+ on Heritage plus the belief that many were lost to attrition due to poor storage methods at the US Mint. IIRC, there was once an offering for 199 and 2000 Silver Proofs Sets in 2001.

That plus the fact that the PCGS Set Registry was in it's infancy.

 

Wait a couple of years and the price will come back down to earth......

[from who has been burned because of impatience]

 

... And today, the PCGS Set Registry is merely infantile.

 

The 2001 went even higher than the 1999, while the 2000 stayed modestly priced.

 

Speaking of proof sets, I had a friend who fell for HSN Mike Mezak's spiel. He bought the 1969-2008 complete proof sets for 499.99 and "a bunch of bagged Morgans." I found out through my fiance'. When the package arrives he wants me to tell him if he's done well or not. He SHOULD know, because i talk coins with him on a routine basis and and warned him time and again NOT to buy from T.V. I was thinking of making a video and taking some shots of us opening it and sharing it with CT.

This goes to show, the power of advertising. That and not listening to a collector who has a little numismatic knowledge.

 

I wonder about people who fall for the huckster spiel. Should we really be allowing people that gullible to an advertising pitch to vote? KIDDING! Relax.

 

Remember 1995S and 1997S proof silver Kennedy halves both listing in three figures? Yeah, that lasted. Pffft. Keeping a set going has a very real "impatience tax" if you don't get in at issue.

 

I would not stoop so low as to proclaim the PCGS or NGC Set Registries "infantile" as I do believe that there are a lot of folks out there, both serious and some simply wealthy, that place a LOT of importance on their specific Set Registries. They spend a LOT of money on their sets and do not simply buy willy-nilly. They buy quality, high grade coins.

On the other hand, there are other folks which do not.

As for the 2001 CnClad Proof Sets? These were commanding as much as $160 apiece simply for the Sacagawea Dollar. Again, rooted in the Set Registry with the hopes of that elusive PR70DCAM.

Of course, this Set Registry business says one thing and it says it very strongly: The TPG Set Registries are Market Makers. This simply cannot be denied. Those registries which added value to my coins have also trashed the value of some of my coins but ........... that's the way the game is played. (Think 1950D Nickel)

I have learned over the years that if I sit on some modern coin for too long..........that it becomes just another modern coin with little to no value. Again, that's simply the way the Coin Market works. It has ALWAYS worked this way and is not going to change.

The Coin Market is a lot like selling Ice Cream Cones on a Sunny Day when you've premade all the cones. The first few go relatively quickly but as the day progresses and the cones begin to look "less inviting", the sales taper off until you end up giving them away.

TIME will tell the exact same story with the 2014 and 2012 Proof Sets. Both Silver and CnClad.

 

Sorry, I just really object to making the coin hobby a competition per se, with a scoring matrix that includes grades that no one has seen yet. The gameification really annoys me. These are objets d'art. I can scarcely think of anything less appropriate for a competition.

 

Thanks for the laugh. Your comment is spot on. If you only knew. I will tell him he shouldn't be allowed to vote. I know he won't take offense and will find this whole thing funny and and he will probably end up sending everything back. if not then he's dumber than we both thought.

 

Yes, and I also remember 1995 S clad proof sets selling for three figures. Today they are giveaway door prize items in coin club drawings. Retail around $8

 

Really? I don't remember the clads being that high, but then I'm just an old .... and my memory has a mind of ... (I forgot what I was saying).

 

Hmm! I do remember the 1999 Silver Proof Set selling for as much as $375, but I don't recall the 2001 set (silver or clad) ever going that high.

I believe that the "SQ stampede" took off before this ever happened. The Mint just did not predict that 10 million new collectors would be seeking out the sets.

Chris

 

Nope, you're right; the 2001 never went to the highest high the 1999 did, but it remained higher than the 1999 for years afterward, before taking a dive.

Hint for noobs: The 2012 silver set won't stay this high for very long either. Impatience Tax is now being collected.