Silver proof sets are following the footsteps of the clad sets :(

Typically, proof sets eventually sell on the secondary market for less than the issue price. Extreme example: The 2022 set is $35 and contains 10 coins, the 2009 set sells for $15 and contains 18 coins.

For silver, we have:
2022 - $130
2009 - $45

(The 2009 sets contain one additional quarter)

Eventually the 2022 will go down to $50, it seems. So I guess we should thank the general public for buying these sets from the Mint and then a few years later sell them back to a LCS.

 

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You're probably right, although it's worth noting the 2009 sold for $52.95 when new. It will be interesting to watch the newer issues since the absurd 50% price increase to over $100 a couple of years ago.

 

I think it's a classic issue of supply and demand. Excess supply from a rapacious, profit-seeking mint, coupled with anemic demand from the depleted secondary market of collectors, results in a lower equilibrium price.

 

Yes, but when you are a collector, you don’t want to wait the three or four years it will take for the sets to be out of sight and out of mind so that the price has dropped.

There is also the issue of preservation. “Perfect sets” in well preserved boxes bring higher prices. Those are the numbers you see on the “Coin Dealer Newsletter.” Sets in perfect boxes really do trade between dealers at those prices.

 

I have considerable surplus as I always bought for grandkids and potential grandkids. But, I will not sell them for less than I paid for them. With that philosophy, I factor in costs for shipping and any fees that may apply.

 

For the income tax, your cost includes the amount you paid for the sets plus all of the expenses connected with acquiring them, including shipping.

 

The excessive price for the current silver proof sets, and subsequent (and more excessive pricing) ones, is going to result in less demand and lower mintages (my feeling). I believe I'm being skunked by (buy?) the boogers but I'll continue to purchase directly from the mint.

 

Since I paid a lot more for one coin in my 1936 Proof set than I have to pay for the modern silver Proof set from the mint, I'll keep up the date string.

 

I stopped buying from the mint because they are all modern coins that are overpriced with a lower quality. I can buy from my LCS much cheaper. I can also purchase beautiful coins from the past with the extra money.

 

Amen CN

 

The last thing bought from the US mint was the 2019 Apollo 11 50th anniversary commemorative. So far, it's looking like that will remain, potentially forever, the last thing that I buy from the mint.

Back in the State Quarter days, I did buy some of the silver proof sets. But they just piled up and took up a lot of room. Then I lost interest in them and sold them. I certainly wouldn't buy mint sets at the new prices. That kind of money, as already said above, could go towards many more interesting things.

 

I bought my first coins from the US Mint in 1959. I bought my last a couple of years ago.

 

If you give the U S Mint a second thought, you have to accept the fact that the upward spiral of inflation, the pandemic, and the cost of materials effects them also, hence, no way out! My opinion only.

 

I used to buy the Proof Sets but I realized that I would get all of those coins plus silver coins, so last year was my last for the proof set. I wonder if it would be wise to change the proof quarters in my States Set to the Silver Proof Sets, and then there are the parks sets????
On second thought, I think I'll leave my States Quarters as is.

 

I’d leave the set as is and use the money to buy nice old silver coins. Like Bust or Seated ones. Even worn they look better than what the mint is producing today.

 

Amen @Collecting Nut I been saying that for several years.

 

You'd think inflation, pandemic, and cost to manufacture would be the main reasons for the Mints outlandish pricing structure. The thing is, this overzealous pricing has been going on for over a decade.

No excuses for the Mint. The rip off they get away with is inexcusable.

I stopped buying from the Mint many years ago. I'm all on board with @Collecting Nut and @Inspector43 . My money is better spent on the old classics. No more modern era coins for me.

 

Old classics. Nicely put.

 

After 75 years of collecting I may have to resolve myself to the fact that the "Old Classics" like Twenty Cent pieces, early commemoratives and others are no longer available in circulation. I may have to buy or trade for some.

 

The 2021 silver proof was the first to crack the one-hundred dollar mark direct from the U.S. Mint. At $105 plus shipping I admit buying only one, where in the past I've bought three. Doing a quick EBAY search, one is listed at $94 plus five shipping and two at $85 plus shipping. Those with lower starting bids have multiple bidders interested, so we'll see where it ends up. But it appears you are on to something, although a small decrease from the issue perhaps a bit more in time would not be out of the question. Personally though, with the way certain years have skyrocket over issue for a variety of reasons, for me the current difference becomes less concerning in that I'd hate to skip a year only to have this happen. When I feel the price has reached it's lowest limits I might buy the two I did not at full issue.