Clad Proof Sets (Value vs Mintage)

Discussion in 'US Coins Forum' started by Phil Ham, Apr 19, 2014.

  1. Phil Ham

    Phil Ham Hamster

    The mint has pulled sales of the 2016 clad and silver proof sets. Thus, I've decided to update the mintage versus market value dataset. The lack of interest in the clad proof sets is quite obvious from a quick review of the dataset. It dropped to less than 600,000 units in 2016. You need to go back to 1955 to see such a lack of interest. Based on the sales to date and the trends in the dataset, I'm projecting sales of about 525,000 for the 2017 set. On a positive note, the clad sets have increased in value over the past year, at least the ones from the past few years. Here's it is:

    upload_2017-7-1_8-47-39.png

    In a graph:
    upload_2017-7-1_8-48-32.png
     
    Stevearino likes this.
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  3. Burton Strauss III

    Burton Strauss III Well-Known Member

    Any clue why the 2012 set has kept it's outlandish value? There are now 3 years with lower mintages...
     
  4. Phil Ham

    Phil Ham Hamster

    Here is the latest update of the US mint's clad proof sets. The 2012 set continues to hold its value despite lower mintages from 2013-2016. As you may recall, the 2012 was a sudden sellout early in 2013 and caught the collecting world off guard. The 2016 set has seen an increase in value since the last update with its so called "sellout". My earlier projection of 525,000 for the 2017 was obviously low as the mint has already sold 533,288 units. Perhaps we're seeing a bottom at about 550,000 for these sets.

    Year Mintage Current Original

    1955 378,200 $110 $2
    1956 669,384 $55 $2
    1957 1,247,952 $25 $2
    1958 875,652 $30 $2
    1959 1,149,291 $28 $2
    1960 1,691,602 $20 $2
    1961 3,028,244 $20 $2
    1962 3,218,019 $18 $2
    1963 3,075,645 $20 $2
    1964 3,950,762 $20 $2
    1968 3,041,509 $8 $5
    1969 2,934,631 $7 $5
    1970 2,632,810 $9 $5
    1971 3,224,138 $6 $5
    1972 3,267,667 $5 $5
    1973 2,769,624 $8 $7
    1974 2,617,350 $6 $7
    1975 2,909,369 $6 $7
    1976 4,149,730 $8 $7
    1977 3,251,152 $6 $9
    1978 3,127,788 $7 $9
    1979 3,677,175 $6 $9
    1980 3,547,030 $6 $10
    1981 4,063,083 $7 $11
    1982 3,857,479 $6 $11
    1983 3,138,765 $5 $11
    1984 2,748,430 $5 $11
    1985 3,362,821 $5 $11
    1986 2,411,180 $7 $11
    1987 3,972,233 $6 $11
    1988 3,031,000 $6 $11
    1989 3,009,000 $6 $11
    1990 2,793,000 $7 $11
    1991 2,611,000 $7 $11
    1992 2,676,000 $7 $11
    1993 2,337,819 $7 $13
    1994 2,308,701 $8 $13
    1995 2,010,384 $10 $13
    1996 2,085,191 $10 $13
    1997 1,975,000 $10 $13
    1998 2,078,494 $10 $13
    1999 2,557,899 $9 $20
    2000 3,097,442 $9 $20
    2001 2,249,498 $12 $20
    2002 2,319,786 $9 $20
    2003 2,245,295 $9 $20
    2004 1,804,396 $12 $23
    2005 2,275,000 $7 $23
    2006 2,000,428 $11 $23
    2007 1,717,972 $18 $27
    2008 1,405,674 $25 $27
    2009 1,477,967 $25 $30
    2010 1,103,950 $30 $32
    2011 1,098,175 $26 $32
    2012 794,002 $90 $32
    2013 802,460 $30 $32
    2014 714,661 $37 $29
    2015 662,854 $34 $33
    2016 595,184 $45 $32
    2017 533,288 $27 $27

    Total 140,360,235 $1,025 $820

    Still Selling
    2017 Clad Proof Sets
     
    BadThad likes this.
  5. David Setree Rare Coins

    David Setree Rare Coins Well-Known Member

    I wouldn't get the idea that one can easily sell the sets for these prices.

    Take 1985 for an example.

    I recently put up a bulletin buying 1985 sets at bid ($2.50) and ended up getting over 500.

    The sellers said they were glad to get it as no one else was offering.......
     
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  6. Millard

    Millard Coindog

    this was a very enjoyable thread. Great info. And good comments to boot. I especially enjoyed oncenters comment on collecting for collectings sake versus value. Obviously we all want to preserve or increase the value of our purchases but I still like just taking my coins out just to look at them and enjoy the memories of how and when I found them.
     
  7. Michael K

    Michael K Well-Known Member

    Not disputing your figures but I bought my 1988 proof set in 1988 from the US Mint for $8. Maybe it was on sale? Does the mint put things on sale to move them?
     
  8. gronnh20

    gronnh20 Supporter! Supporter

    Some items are on sale for about the first 14-30 days from first issue date. The discount usually amounts to free economy shipping. The mint recently offered free shipping on some items.
     
  9. Phil Ham

    Phil Ham Hamster

    [​IMG]As a note, I get my issue prices of the proof sets from the 2006 Standard Catalog of World Coins (Krause 33rd Edition). Personally, I bought three 1988 proof sets for about $5/each at a local auction in 2006, which included a 10% auction fee. I'm basing the current market value on the sold listings on ebay. Many are sold in the $5-$7 range but many times they include free shipping. I would never buy 500 at a time but at a cost of $2.50 (assuming no shipping) is probably a good deal. It may take that many years to sell them at $5-$7 though.
     
  10. Phil Ham

    Phil Ham Hamster

    The sales demand for clad proof sets continues its downward trend. The US mint has stopped sales of the 2017 set with a demand of just 567,925. You must go back to 1955 to find a lower mintage. Clad sets have joined the realm of "trash and trinkets". Why do I keep purchasing them?

    upload_2019-1-1_10-39-21.png
    upload_2019-1-1_10-40-36.png
    upload_2019-1-1_10-45-3.png
     

    Attached Files:

  11. STU

    STU Active Member

    I have been collecting more than 50 years have not and will not separate any I have gotten. sure I have taken a beating on lots of sets from the mint as they have a tendency to overprice there coins and sets .would love to see from the mint less of the boxes and presentation cases as I don't show mine much any way and cut the cost to us. but I also have some that will be good for my grand kids as they will make something on them as they get them free
     
  12. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    Why is the 2012 such a standout anomaly?
     
  13. cladking

    cladking Coin Collector

    The oddest thing about this is that the number of people collecting modern proofs and BU by date and mint is continuing to climb as the production falls.

    People used to buy sets as "investments" and now most of the buying is for collecting. Of course many still buy multiple sets and sell all but the best.

    The demand for these sets always astounded me back in the old days but it still does.
     
  14. Phil Ham

    Phil Ham Hamster

    My post from 25 December 2017 answers your question.
     
  15. Phil Ham

    Phil Ham Hamster

    I here you. I have 363 mint coin sets (clad, silver, mint, etc.). I haven't broken any of them apart to put BU coins into a book. I have purchased such coins that were broken by others to fill holes but I'm unable to do it myself. I've got issues:)
     
    STU likes this.
  16. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    That doesn't really answer the question as to why it still has the high premium. Shortly after a sellout, there's going to be demand and people clamoring to get the new hot item. It often happens.

    But, usually, a few years later prices have returned to stability. 2012 has a larger issue than many of the later years, but it still has a huge price.
     
  17. Phil Ham

    Phil Ham Hamster

    Ok; you're now asking me to understand the minds of the collector's physiques. I'm guessing that folks bought the sets, saw the increase, and are holding them for some victory tour. That is my case. The 1999 silver proof set held its value for a few years before it saw its demise. If I recall, Tulips and Beanie Babies had their days in the sun. I still have five 2011 ASE 25th Anniversary sets that continue to lose value despite my thoughts that they will someday return to their glory days. As I'm doing it for fun, I don't care. If you're doing it for a business, you buy and sell as quick as you can.
     
  18. Burton Strauss III

    Burton Strauss III Well-Known Member

    If the population in the world is 5 it's rare, but if only for people cared to own it it's not going to increase in value.

    That's the problem with proof sets.

    Demand went from 1.5m to 1.1m to 800K - At which point people assumed that 800 K being less than 1.1 million it had to be rare and would be valuable.

    My personal belief is it's a combination of people holding back from selling so the available supply is just slightly less than the demand and keeps the price up. Sort of if I don't actually sell it then I haven't taken a loss mentality
     
  19. Phil Ham

    Phil Ham Hamster

    The demand for the 2019 clad proof set improved over 2018 as a result of the W proof cent. The mintage of the 2018 set is the lowest since 1955. The 2020 set will probably exceed the 2018 set as a result of the W proof nickel. COVID-19 may have its say on my prediction. Overall, market values have increased since the last update. Meanwhile, the mint increased the cost of the set by 15%. That is one expensive nickel. The table and chart are provided for your perusal:

    upload_2020-4-19_15-33-15.png

    upload_2020-4-19_15-33-59.png
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'm not an expert on these -- I got them as presents pretty much for Christmas and my bday in the 1970's -- but given their numbers, aren't these things always destined to trade pretty much at face value ?
     
  21. Phil Ham

    Phil Ham Hamster

    Although they aren't maintaining value, a clad proof set is worth more than face value. For instance, the 1982 proof set has $0.91 in it but worth about $7.00 or about 8 times face value. Feel better yet:)
     
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