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Lower Market Value of 1999 Proof Sets
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<p>[QUOTE="Vess1, post: 483890, member: 13650"]It's common for proof and mint sets to sell for less than the mint issued them. I saw a show on tv that was trying to sell a proof set from the 70s for about 50% less than mint issue price. Just check out the back of a Red Book some time.</p><p><br /></p><p> I think the profit margin will be drastically less because as what someone else said, the state quarters are hot.......right now. </p><p><br /></p><p> You would have to be under the impression that they will be hotter in the future once people are used to them and there's no longer any publicity or focus on them, for them to increase in value from what they are now. </p><p><br /></p><p> Either the 99 set is way over priced or the 2000 set is way under priced. It costs me nothing to wait and see. </p><p><br /></p><p> The 2000 silver set had only 160,856 more sets issued than the 99, yet can still be had for nearly issue price. While the 99 quarter set alone is going for 10x issue price of the entire 99 set. How can there be this much discrepancy? </p><p> </p><p> Maybe investors bought up huge amounts of the first year issued and are sitting on them hoping to get rich? Well, as far as I'm concerned, they can sit on them until they come down to around a hundred bucks. Which is still probably too high. If a 200% profit isn't enough they can sit on them the rest of their lives for all I care.</p><p><br /></p><p> I guess I should apologize for not being in the hobby in 1999 and buying mine as a collector, at a sane price.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 483890, member: 13650"]It's common for proof and mint sets to sell for less than the mint issued them. I saw a show on tv that was trying to sell a proof set from the 70s for about 50% less than mint issue price. Just check out the back of a Red Book some time. I think the profit margin will be drastically less because as what someone else said, the state quarters are hot.......right now. You would have to be under the impression that they will be hotter in the future once people are used to them and there's no longer any publicity or focus on them, for them to increase in value from what they are now. Either the 99 set is way over priced or the 2000 set is way under priced. It costs me nothing to wait and see. The 2000 silver set had only 160,856 more sets issued than the 99, yet can still be had for nearly issue price. While the 99 quarter set alone is going for 10x issue price of the entire 99 set. How can there be this much discrepancy? Maybe investors bought up huge amounts of the first year issued and are sitting on them hoping to get rich? Well, as far as I'm concerned, they can sit on them until they come down to around a hundred bucks. Which is still probably too high. If a 200% profit isn't enough they can sit on them the rest of their lives for all I care. I guess I should apologize for not being in the hobby in 1999 and buying mine as a collector, at a sane price.[/QUOTE]
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Lower Market Value of 1999 Proof Sets
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