Silver Proof Set Mintages vs Market Value (1999-2013)

Discussion in 'US Coins Forum' started by Phil Ham, Mar 30, 2014.

  1. Phil Ham

    Phil Ham Hamster

    I've been collecting silver proof sets for a few years and thought it would be interesting to compare the current market values versus their original mintages. I've started this comparison in 1999 to coincide with the state quarter program that continued into the terrotorial quarters, and now the ATB's. I've used ebay - completed sales to estimate the market value. Here's my findings:

    Year Mintage Market Value

    1999 804,565 $100
    2000 965,421 $35
    2001 849,600 $40
    2002 892,229 $35
    2003 1,146,050 $35
    2004 1,187,700 $34
    2005 993,528 $31
    2006 1,048,872 $33
    2007 875,050 $45
    2008 774,874 $50
    2009 694,406 $55
    2010 585,414 $65
    2011 574,175 $65
    2012 395,443 $170
    2013 419,726 $85
     
    Last edited: Mar 30, 2014
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  3. berneck1

    berneck1 Junior Member

    I still don't understand the premium for the '99 set. I get that it's the fist year of the state quarters, and the last set of the century, but it still seems high to me.
     
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  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Early on in the SQ program, the silver proof set was selling for $350+. The reason being was that it sold out quickly, but the SQ program attracted a lot of new collectors to the hobby and they were unable to acquire it anywhere but on the open market.

    Chris
     
  5. berneck1

    berneck1 Junior Member

    Some of these are close to melt value. That's why I always go with the silver sets. In my experience the clad proof sets are too abundant and barely wind up selling for much over face value. It's worth noting that the '99 clad set is only worth about $8.00. Less than half of it's original price. If I'm not mistaken, all of the silver sets sell at least at their original issue prices. Of course, if silver goes lower, that will change. Either way, the argument to bite the bullet and go with silver over clad is justified in my mind.
     
  6. CamaroDMD

    CamaroDMD [Insert Clever Title] Supporter

    Exactly...it's actually amazing to see how cheap you can get the 1999 set these days. It really dropped.

    It too at one time cared a pretty decent premium at the peak of the SQ popularity. Both the 1999 clad and silver sets were quite desirable.
     
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  7. berneck1

    berneck1 Junior Member

    Some of these are close to melt value. That's why I always go with the silver sets. In my experience the clad proof sets are too abundant and barely wind up selling for much over face value. It's worth noting that the '99 clad set is only worth about $8.00. Less than half if it's original price. If I'm not mistaken, all of the silver sets sell at least at their original issue prices. Of course, if silver goes lower, that will change. Either way, the argument to bite the bullet and go with silver over clad is justified in my mind.
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I'm still smarting over that one (bought high)..........
     
  9. statequarterguy

    statequarterguy Love Pucks

    Along with pucks, I love these silver proof sets too. Many are priced about the same as the late 1950’s & 1960’s proof sets, yet have more than twice the silver and a fraction of the mintage. When state quarters have their next round of popularity, these low mintage silver issues could take off. Even though today the mint is gouging even more on the issue price, apparently they’re still worth buying because those higher issue prices cause even lower sales/mintages. Now, if only they'd make frosty white silver mint sets.
     
  10. mikenoodle

    mikenoodle The Village Idiot Supporter

    The reason that the 1999 Silver set started out so high is that the US Mint placed a household ordering limit of 2 sets on them.

    No sets were sold in bulk and in order to acquire sets, everyone had to pay a premium to the original buyers.

    In time, the market sorted itself out, but at first, premiums were high because there were no places to buy sets in bulk, not that new collectors were flooding the market with demand.
     
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  11. Phil Ham

    Phil Ham Hamster

    I purchased the 1999 silver proof set at $325 in 2006 (local auction including the 10% buyers premium and 8% NY state tax). It was the going price at that point. It is interesting to see that it is only $100 in 2014. Not a good buy for me. I bought the 2012 and 2013 silver proof sets from the mint. They seem to be doing well at the moment. The mintages are low and the demand seems to be improving. I'm on the subscription plan for 2014 and think it may be a low mintage year too. I wonder if they'll have value in 10 years. I guess that time will tell.
     
  12. drathbun

    drathbun Well-Known Member

    Any thoughts on the blip that is the 2012 set? It's far higher than those on either size. It would be interesting to see not only the average price but also the number sold in the past 90 days.
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    It's all about the mintage. These sets were lower in mintage than previous years, though to me, there's still a lot to go around. In a few years I think the price will fall back to earth.........:)
     
  14. Phil Ham

    Phil Ham Hamster

    If I recall correctly, the 2012 silver proof set was ended quite suddenly by the mint at the beginning of 2013. It was already low mintage and everyone thought that it would hang around for awhile like the previous year sets. It caught everyone off guard and began to raise in value quite quickly. The 2013 set was also low on the mintage but it extended into 2014 for over a month prior to selling out at the mint. As mentioned by Ken, I think the 2012 set will move down some but the 2013 set will probalby move up some. It has already advanced about $20 in the past month.
     
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  15. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Good memory Phil. I forgot about that.
     
  16. mikenoodle

    mikenoodle The Village Idiot Supporter

    Phil is spot on. The 2012 was a wake up call that has since been heeded. People seemed to think that the Mint would sell Proof Sets until they released the next year's set. The Mint decided differently.

    In years past, the Mint would stop selling proof sets Dec 31. They strayed from that policy hoping to capitalize on more sales, and to some degree, it has worked, but the policy is not static. That has been demonstrated time and time again.
     
  17. Phil Ham

    Phil Ham Hamster

    I've added the original issue price from the mint.

    Year Mintage Issue Price/Market Value
    1999 804,565 $32/$100
    2000 965,421 $32/$35
    2001 849,600 $32/$40
    2002 892,229 $32/$35
    2003 1,146,050 $32/$35
    2004 1,187,700 $38/$34
    2005 993,528 $38/$31
    2006 1,048,872 $38/$33
    2007 875,050 $45/$45
    2008 774,874 $45/$50
    2009 694,406 $53/$55
    2010 585,414 $57/$65
    2011 574,175 $68/$65
    2012 395,443 $68/$170
    2013 419,726 $68/$85
     
  18. onecenter

    onecenter Member

    Once again, very helpful and interesting information. Thank you.
     
  19. Great post. That 2012 set is a winner. I bought 2 and sold 1 right near the peak.
     
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  20. Heater

    Heater Well-Known Member

    I remember the 2012 sellout. Hadn't ordered mine yet due to thinking they would be for sale longer & some stretched out, unexpected bills.

    However, a cointalk member gave a headsup that they were sold out & even provided a link to purchase them from MCM....for less then mint issue and free shipping. Ordered 2 immediatly thanks to that member. Was it Topcat? I think so but not sure.

    AnyWho, thank you to whoever it was and that is what I appreciate about this forum. The willingness to help, even when disagreeing.

    John
     
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  21. halvessearcher

    halvessearcher Active Member

    I bought the clad 1999 quarters set for $16.00 2 or 3 years ago. Mainly because I live in Delaware and wanted my home state proof. I had just started getting into coin collecting at the time. Just a small mistake of overpaying compared to some I guess. But never feels good.
     
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