2020 Silver Proof Set

Discussion in 'Coin Chat' started by thomas mozzillo, Apr 12, 2020.

?

Will they sell out on the first day?

  1. Yes

    1 vote(s)
    5.0%
  2. No

    19 vote(s)
    95.0%
  1. thomas mozzillo

    thomas mozzillo Supporter! Supporter

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  3. ernie11

    ernie11 Member

    I think the number is about 190,000.
     
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  4. Phil Ham

    Phil Ham Hamster

    I hope they sell to the folks with prescriptions first.
     
  5. bradgator2

    bradgator2 Well-Known Member

    lol. Because they are the most unstable?

    :)
     
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  6. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I think you mean "subscriptions", don't you? ~ Chris
     
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  7. thomas mozzillo

    thomas mozzillo Supporter! Supporter

  8. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    An unfortunate outcome may be that some collectors who might ordinarily buy this could be out of work due to the virus and choose not to buy them as a result. This might only mean that people like Mike "The Mouth" Mezack will be able to scarf up the rest. ~ Chris
     
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  9. Beardigger

    Beardigger Well-Known Member

    I have a subscription for them. I believe they will sell out fast.
    I have seen a lot of presale auctions for the reverse proof nickel on eBay. I have to wonder with such a low mintage how those auctions will be affected. Can't sell em if you can't get em.
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    We'll know in a few days.
     
  11. Santinidollar

    Santinidollar Supporter! Supporter

    Other than the Kennedy half, I have no interest in these coins. Mezack will have a field day.
     
  12. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Suscription orders take prescidence..........
     
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  13. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    Yes it is. I transposed a few numbers. The correct amount is 190,960. Thanks for the correction.
     
    ernie11 likes this.
  14. Conder101

    Conder101 Numismatist

    That is how many are on hand for immediate shipment, that doesn't mean they won't accept orders for a lot more than that, you just won't get them shipped immediately. This is not a "limited mintage" item.

    We will probably see some immediate flipping for silly money because of that 190K figure, then later when the start shipping all the other orders, the price will crater.
     
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  15. johnmilton

    johnmilton Well-Known Member

    Proof sets are as dead as dinosaurs. If the flippers don’t see a potential for a quick buck, they won’t be buying out the mintage.
     
  16. Beardigger

    Beardigger Well-Known Member

    I disagree. The reverse proof W nickel will drive the sales. The SF mint is closed, and until COVID19 is under control it will be closed. I don't see them minting a lot more of these sets, since when they reopen they will need to start gearing up for 2021. But what do I know?????
     
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  17. johnmilton

    johnmilton Well-Known Member

    Soundsl ike you are looking to flip the nickel, Beardigger.

    To me it's just another boring, gimmick modern coin that will be most everyone's rear view mirror five years from now, just like most of them.
     
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  18. Beardigger

    Beardigger Well-Known Member

    Not going to flip the nickel. Just going into the collection. But I did look at the presale auctions on eBay. Some flippers are guaranteeing a Pf 69 nickel. Don’t know how they can do that.
     
  19. Beardigger

    Beardigger Well-Known Member

    Are TPGs even grading right now?
     
  20. johnmilton

    johnmilton Well-Known Member

    Most of these modern coins are at least MS or PR-69. Getting the 70 grade is the “You struck it rich!” moment.
     
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  21. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Schucks, sucks...........
     
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