I found this in the kitty last night, getting there late. Is this a proof issue? 'S' mm, 2014. Polished background, frosted highlights.
It's clad - not good with close-ups. Lost about $12 for the night. Even forgot about this thing, 'til it fell out of my pocket just a while ago here.........
If silver, about a 15% premium over regular common 90%. Here's today's Apmex ad. As I posted recently, think how many Proof Sets were torn up to be able to sell these in bag quantity! 90% Silver Statehood/ATB Quarters $100 Face-Value Bag Proof As Low As: $1,422.14
Wonder why they'd give a 15% premium for a bag of proof silver , or why anyone would pay it may be a better question ? After all silver is silver .
The economics of it is they were broken up and sent in as a large order to a TPG with instructions to only slab the 70's. If these quarters are not 70's they are not worth much more than the price APMEX is selling them for. The loss between mint price and bulk value is more than made up for by the premiums on the 70's. I think its kind of a cool way to buy junk silver. I just wish the premium was a tad lower.
I don't pay the slightest attention to recent proof sets, so I'm wondering how much of a monetary loss "somebody" took to (in effect) convert the worst of their proof sets into 90% junk silver? And of course, it's already happened to the mid-1960s sets, during the last big surge in silver prices. You'd be tempted to think that all this action would be bullish for proof set prices, but apparently not...
it's because even with all the cracking out and melting there are still plenty enough proof sets to go around to meet the actual demand for sets. The collector base really isn't as large as a lot of people think it is.
Especially when you think of all the people that buy a set for a special occasion . These sets will sit in a SDB or wherever for a couple of generations or longer .