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<p>[QUOTE="yakpoo, post: 1283936, member: 18157"]<b>Good questions and points...</b>:thumb:</p><p><br /></p><p><b><span style="color: #000080">1. The 1995 silver proof sets don't seem to fetch a great premium. They go for $40-50 on ebay</span>.</b></p><p><br /></p><p>True...in fact, I bought a set on eBay just last night for $47. Considering that they contain less than $20 worth of silver, that's not a bad premium. They used to sell for more, but the market has settled down.</p><p><br /></p><p><span style="color: #000080"><b>2. The 1999 silver proof quarters set does still sell for a premium over the other annual state quarter sets.</b></span></p><p><span style="color: #000080"><br /></span></p><p>True again. However, I suspect that's mostly due to collectors searching for the elusive PF70 UCAM Delaware quarter. Those sets have since settled down from $300/set to around $120/set today.</p><p><br /></p><p><b><span style="color: #000080">3. These low sales numbers might just be the new norm because: a) the economy is terrible (and will continue to be terrible), b) the Mint is producing more and more products, and c) they have been raising prices.</span></b></p><p><br /></p><p>True, true, and true...the only point I might take issue with is the "<b><span style="color: #000080">(and will continue to be terrible)</span></b>" part. It may take 20 years, but eventually we'll get this mess behind us and prosperity will reign once again (for a while, anyway). </p><p><br /></p><p>That's the way it's happened for thousands of years. I don't buy into the "<b>This time it's different</b>" mantra. If you look back at the key date coins over the past few hundred years, you'll see that many of them occurred during times of economic strife...for all the reasons you offer. A hundred years from now our great, great, grandchildren will be saying to themselves...</p><p><br /></p><p>"<b>I wish I were alive back then...I could have bought the ultra-rare First Spouse coins on eBay for melt!!!</b>" :rolling:</p><p><br /></p><p><span style="color: #000080"><b>4. What kind of indication has the Mint given that the 2011 set sales will end before either a sellout or Dec 2012?</b></span></p><p><br /></p><p>None, really...but they rarely do. What they have said is...</p><p><br /></p><p>1. The 2010 Annual products will remain on sale through December 31, 2011</p><p>2. The 2011 Annual products will go on sale in January 2011.</p><p><br /></p><p><a href="http://news.coinupdate.com/us-mint-to-release-annual-sets-in-january-0491/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.coinupdate.com/us-mint-to-release-annual-sets-in-january-0491/" rel="nofollow">http://news.coinupdate.com/us-mint-to-release-annual-sets-in-january-0491/</a></p><p><a href="http://news.coinupdate.com/release-dates-for-proof-set-mint-set-silver-proof-set-0596/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.coinupdate.com/release-dates-for-proof-set-mint-set-silver-proof-set-0596/" rel="nofollow">http://news.coinupdate.com/release-dates-for-proof-set-mint-set-silver-proof-set-0596/</a></p><p><br /></p><p>Prior to this, Annual products went on sale in August and went off sale the following August, just prior to the release of the next year's sets. The 2009 Silver Proof sets went off sale two (2) weeks prior to the 2010 release. This overlap of 2010/2011 sales is likely a one-time event...just to make the transition. </p><p><br /></p><p>The Mint "says" the reason for the switch was to be more responsive to the "Collecting Public"...so they can buy the sets as birthday gifts throughout more of the year. I think the real reason is for "<b>Inventory Control</b>". I think they got tired of producing a bunch of sets by December 31st in hopes of selling them in the coming year...only to end up destroying the unsold coins. I suspect that's still a problem with the First Spouse coins. </p><p><br /></p><p>If I'm right and Inventory Control was a factor in their decision to shift schedules, then they would lose any benefit by producing more sets than they can sell in a month...and competing with the new sets. Especially when they rarely overlapped the sets before...just doesn't make any sense (in my mind, anyway). :too-cool-for:[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1283936, member: 18157"][B]Good questions and points...[/B]:thumb: [B][COLOR=#000080]1. The 1995 silver proof sets don't seem to fetch a great premium. They go for $40-50 on ebay[/COLOR].[/B] True...in fact, I bought a set on eBay just last night for $47. Considering that they contain less than $20 worth of silver, that's not a bad premium. They used to sell for more, but the market has settled down. [COLOR=#000080][B]2. The 1999 silver proof quarters set does still sell for a premium over the other annual state quarter sets.[/B] [/COLOR] True again. However, I suspect that's mostly due to collectors searching for the elusive PF70 UCAM Delaware quarter. Those sets have since settled down from $300/set to around $120/set today. [B][COLOR=#000080]3. These low sales numbers might just be the new norm because: a) the economy is terrible (and will continue to be terrible), b) the Mint is producing more and more products, and c) they have been raising prices.[/COLOR][/B] True, true, and true...the only point I might take issue with is the "[B][COLOR=#000080](and will continue to be terrible)[/COLOR][/B]" part. It may take 20 years, but eventually we'll get this mess behind us and prosperity will reign once again (for a while, anyway). That's the way it's happened for thousands of years. I don't buy into the "[B]This time it's different[/B]" mantra. If you look back at the key date coins over the past few hundred years, you'll see that many of them occurred during times of economic strife...for all the reasons you offer. A hundred years from now our great, great, grandchildren will be saying to themselves... "[B]I wish I were alive back then...I could have bought the ultra-rare First Spouse coins on eBay for melt!!![/B]" :rolling: [COLOR=#000080][B]4. What kind of indication has the Mint given that the 2011 set sales will end before either a sellout or Dec 2012?[/B][/COLOR] None, really...but they rarely do. What they have said is... 1. The 2010 Annual products will remain on sale through December 31, 2011 2. The 2011 Annual products will go on sale in January 2011. [url]http://news.coinupdate.com/us-mint-to-release-annual-sets-in-january-0491/[/url] [url]http://news.coinupdate.com/release-dates-for-proof-set-mint-set-silver-proof-set-0596/[/url] Prior to this, Annual products went on sale in August and went off sale the following August, just prior to the release of the next year's sets. The 2009 Silver Proof sets went off sale two (2) weeks prior to the 2010 release. This overlap of 2010/2011 sales is likely a one-time event...just to make the transition. The Mint "says" the reason for the switch was to be more responsive to the "Collecting Public"...so they can buy the sets as birthday gifts throughout more of the year. I think the real reason is for "[B]Inventory Control[/B]". I think they got tired of producing a bunch of sets by December 31st in hopes of selling them in the coming year...only to end up destroying the unsold coins. I suspect that's still a problem with the First Spouse coins. If I'm right and Inventory Control was a factor in their decision to shift schedules, then they would lose any benefit by producing more sets than they can sell in a month...and competing with the new sets. Especially when they rarely overlapped the sets before...just doesn't make any sense (in my mind, anyway). :too-cool-for:[/QUOTE]
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