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Silver Proof Set Mintages vs Market Value (1999-2013)
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<p>[QUOTE="19Lyds, post: 2219923, member: 15929"]I may have already responded but the higher price on the 1999 is that, even though the "mintage" says 804,565, a good number of these were destroyed due to improper storage by the US Mint. The Statehood Quarters Silver Proofs were offered on multiple occasions as silver was still quite cheap and a lot of folks simply weren't in to paying $31.95 for a proof set. Silver or not.</p><p><br /></p><p>Around 2002, I think, the US Mint had a dual offering on 1999 and 2000 Silver Proof Sets where under one product number, you could order a 1999 and a 2000 Silver Proof Set.</p><p><br /></p><p>A lot were sold but a LOT were returned due to coins which had turned. Since the mint could no longer produce them, replacements weren't offered and I believe that a specific number of these sets were destroyed.</p><p><br /></p><p>Keep in mind that, aside from the Silver Proof/Uncirculated BiCentennial Sets and the SBA's by the $2,000 bag, this was the first time that the US Mint actually offered proof sets during a year in which they had not been minted.</p><p><br /></p><p>The 1999 Silver Proof Sets were NOT a sell out. Neither was the 2000 Silver Sets.</p><p><br /></p><p>A new era had been entered where 5 quarters were included in each Proof and Uncirculated Set and the program simply was not that popular in the "Made for Collectors" coins arena. Only die hard proof set purchasers ended up with them.</p><p><br /></p><p>It was not until some of those 1999 Silver Proof Quarters were selling for upwards of $17,000 in PR70DCAM that the market for the 1999 Sets really took off.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2219923, member: 15929"]I may have already responded but the higher price on the 1999 is that, even though the "mintage" says 804,565, a good number of these were destroyed due to improper storage by the US Mint. The Statehood Quarters Silver Proofs were offered on multiple occasions as silver was still quite cheap and a lot of folks simply weren't in to paying $31.95 for a proof set. Silver or not. Around 2002, I think, the US Mint had a dual offering on 1999 and 2000 Silver Proof Sets where under one product number, you could order a 1999 and a 2000 Silver Proof Set. A lot were sold but a LOT were returned due to coins which had turned. Since the mint could no longer produce them, replacements weren't offered and I believe that a specific number of these sets were destroyed. Keep in mind that, aside from the Silver Proof/Uncirculated BiCentennial Sets and the SBA's by the $2,000 bag, this was the first time that the US Mint actually offered proof sets during a year in which they had not been minted. The 1999 Silver Proof Sets were NOT a sell out. Neither was the 2000 Silver Sets. A new era had been entered where 5 quarters were included in each Proof and Uncirculated Set and the program simply was not that popular in the "Made for Collectors" coins arena. Only die hard proof set purchasers ended up with them. It was not until some of those 1999 Silver Proof Quarters were selling for upwards of $17,000 in PR70DCAM that the market for the 1999 Sets really took off.[/QUOTE]
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