Hello Cointalk, by no means do I collect for the sole purpose of investing but I noticed my redbook shows that the U.S. silver proof sets always appreciate in value. I know the price jump may be caused by silver increases but is that the only reason?
Don't use the Red Book to price your coins. By the time it's published and then printed, those prices are outdated.
They typically seem to appreciate with an increasing price of silver as opposed to just collector demand. An exception to this was the 1999 Silver Proof Set. This one was relatively low mintage and flew under the radar for a brief period when released. As the State Quarter program exploded, collectors wanted this set. However, dealer stock was low as the set was purchased mainly by collectors. This demand drove the price way up. Over the past few years, the price of this set has actually decreased significantly as silver spot has increased. IMO, regarding all the silver proof sets, if you can get recent sets at mint issue price or prior year sets near the current spot price of silver plus the face value of the other coins then they are a decent buy. The coins are great looking. Mintages are not enormous but they are in no way rare and there will always be plenty to go around. TC
