Lower Market Value of 1999 Proof Sets

I don't see the set going much lower either... sure, there were a large number of the sets produced. However, I would guess that a substanial portion of the sets were broken up for certfication but even more so for the various home shopping and magazine ad state quarter gimmick sales. So the original mintage number of the set doesn't really reflect the number of sets that remain intact.

 

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Well, I'm telling you I was at a show in October. I watched a guy bring in a 99 silver proof set in box. I give in that I can't remember if the other coins were with it or not, but it was at least the quarters set in the box. Usually when the box is included with the paperwork, the whole set is there. I watched the guy hand it over to the dealer. And I was there within a few seconds asking what the dealer wanted for it and he said $160 and if I didn't want that one they had another set. And, yes I could have bought them both. But they had some haze and I can't remember if the other coins were included now.

As interest wains, the only thing they have going for them is the number of them that have been broken out of the mint packaging and the haze problem that so many have. Making good quality sets scarcer.

BTW, I picked up my 2001 quarters set at a show for under 50 bucks, in mint packaging and they are nice. That was a year and a half ago.

 

I assume everybody is talking silver sets. That is just a little out of my price range. So I stick with the clad sets. I thought I paid way too much for the 1999 - 2002 sets for $120 but now I feel okay. The rest of the years I have already so I am set for clads from 1999 to 2008. I do have the silvers for 2007 to 2009. ALL sets are almost flawless.

 

I walked away from a 2001 SIlver Proof Set (For $100) b/c I didnt like the looks of the penny..It had a scratches at the 2 and 10 position.

I still need the 99 Silver proof myself to complete my entire collection however that is way to expensive for my books!

 

The other thing that the 1999 has going for it is that dealers couldn't buy them in bulk. It may take decades before this evens itself out.

 

If anybody is looking to buy one of these.....BEWARE! Tons of silver proof set holders have been sold and then refilled with clad coins. I've also seen many of these hazed over from improper storage. Make sure you inspect the set closely or that it comes with a return policy. Not all of the 1999 silver proof sets are equal.

 

If that is true, it's almost impossible to tell the difference between the two sets unless you take them out of the case and weigh them

 

Good lord get some tissue paper if you cannot tell by sight!

Good lord get some tissue paper if you cannot tell by sight!
But Thad is right, there are many sets out there containing clad coinage - always check your sets so they have what they are supposed to have.

I still find it hard to believe that some folks cannot tell clad from silver proofs!

 

You could always check the "third side" (edge).....

 

actually, it's very easy to tell.

Take a piece of tissue paper and lay it over the holder. Silver coins will show bright white and clad will be more silver colored. If you are buying from a dealer, then take a known clad set and compare the colors. It's super simple to tell the difference once you know this trick.

Try it at home!

 

I will swallow my pride and take back my last statement..I will try that at home now.

 

that's what this forum is for, shoe... discuss, share and learn

 

HA, HA! Do you think anybody would do the opposite . That is put silver sets in clad boxes. And if so, would you return it ?? Moronic situation sand question.:goofer:

 

Absolutely they would (sarcasm) :headbang:
Question, in relation to testing the difference between silver and clad with a tissue. Where should lighting be in junction to the test? Would a normal light on the ceiling sufice or would it better to have a lamp directly over the coins?

 

Be patient. This are dropping and will drop quite a bit further.

 

No special lighting is required. It works in daylight as well as incandescent or fluorescent. It's really simple to tell. Try it! You'll see what I am talking about right away!

 

Price,s or directly set by the law of supply and demand, Even though there may
Be alot of something doesnt mean the price will always remain low!!

 

Carly, if you were seeing prices like that on eBay then there was something wrong. There is no way a 1952 mint set would sell for $33, $43, or $48. Possibly a put together year set in an aftermarket holder but not a real mint set. Just looked at eBay completed sales and a put together year set is about right for the prices you quoted, but only one original 1952 mint set has sold in the past month and it went for $685. There is also one active original set listing and it has a BIN of $750.

1952 proofs sets are cheaper than the mint sets but they don't come close to the prices you quoted either. I think you are comparing apples and oranges.

 

Complete sales on eBay for the past month show that you can buy the 1999 silver proof sets in the $175 to $190 range. (Yes you can pay more than that too.)