Since these sold out....

I just got back from my local coin dealer. Since the 2012 Presidential Dollars Proof Set in Original Box and COA has been sold out at the Mint, you just can't get these anywhere unless you pay a premium. The Mint is still selling the 2011 sets! In fact, the coin shop owner said when the Mint indicated that these 2012 sets were sold out, the 20 sets they had in stock sold out within days. They originally ordered them from the Mint for 18.95 plus 4.95 shipping and all 20 of them were mailed for 4.95. They sold them for 23.00 a set. Now, the coin shop says they will buy them on the open market for 27.00 each set and sell them for 32.00 a set. He won't buy the set unless the box and COA is included!

I suspect that unknowingly the Mint has made these otherwise unpopular coin sets somewhat of a scarcity and the price has gone up accordingly. In fact, on eBay, there is NOT ONE of these alone for sale or bidding that I can find. They are available at Amazon and Littleton, but at a premium. It is interesting to note that the 2007-2011 Presidential Proof sets are available at much lower prices.

I think going forward, 2012 will be the beginning of better years for all Presidential Dollars since they are not available at the bank for the general public. What do you guys think?

 

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I like your avatar.

 

Oh, you naughty little Gollum!

 

Or they could go the way of clad proof sets. Silver always commands attention. Will manganese brass?

 

You can still get the sets in the clad or silver proof sets. I don't know how they can sell them for $32 a set when it is only $31.95 for the clad proof set, which also includes the other 10 clad proof coins.

 

It's simple. The 31.95 you're referring to DOES NOT include shipping of 2.95 and DOES NOT include the Box and COA. eBay listing: http://www.ebay.com/itm/2012-Comple...33?pt=Coins_US_Individual&hash=item337c0fe559

The other similiar current listing on eBay for all 14 coins is listed for 46.95 which includes shipping and if you take a close look only ONE is supposedly available. http://www.ebay.com/itm/2012-US-Min...27?pt=Coins_US_Individual&hash=item4abeb890c3

I agree with those that say you shouldn't have to pay extra for the original box and COA but it's a fact that not having the box or COA cheapens the set price simply because of this:

"If the coin (or set of coins) you're considering buying isn't listed in the Greysheet, you might want to reconsider ~ and for the Greysheet values to be valid for your coin(s), your coin(s) must be in the original box or packaging, with the original papers that it came with when it was originally sold by the U.S. Mint. Without the original box and papers in nice condition, the coin(s) will bring less than Greysheet prices. (Original boxes and papers are for things like proof sets, mint sets, commemorative coins and sets, US Eagle bullion coins, etc.)"

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http://www.coinbidders.com/warning.asp

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The full proof set is still available through the mint for $31.95. This set includes the box and COA for the entire set. If you are looking for the Presidential dollars box and COA, you will spend as much as getting the entire set. To me this would not be a wise purchase, I would rather have the enitire collection at the same price.

 

There's nothing rare about these sets. That's a whole lotta money to pay in order to get a certificate of authenticity........

 

Good opinions here.

Sorry OP, but IMHO sounds like a trick older than me. A dealer will try to get customers "excited" by their "profits" they have made in a short time from what they bought from him. I have seen it done with bullion buyers, sports card buyers, etc. If a dealer can get you "excited" by "profits" you have made in a short time from buying from him, you are much more likely to buy more.

Like I said, its an old trick. Watch HSN or that coin vault idiot. They try to do this all of the time. Any time I see this done, I immediately know what kind of seller it is.

 

Kirkuleex, you forget postage of 4.95...which makes the 14-coin set from the Mint a total of 36.90.

Yet, eBay re-sells these 14-coin proof sets for $42-43 including postage all the time now.
http://www.ebay.com/sch/i.html?_trksid=p5197.m570.l1313&_nkw=2012+US+Mint+proof+set&_sacat=0&_from=R40

I think the unsophisticated coin buyer doesn't research the alternatives well enough and ends up paying more which I think my local coin shop dealer is counting on.

 

Its a temporary thing.

 

Your gator made its glorious return. I like it.

 

I'm reviving this thread because I notice the 2012 Presidential Proof Coins with Box and COA are now being bid up to $40 on eBay. The original cost from the Mint was 18.95 plus 4.95 shipping. That's quite a premium since they have sold out. It may be a temporary thing but I do think this set will demand a premium for some time to come.

http://www.ebay.com/itm/2012-United...28?pt=Coins_US_Individual&hash=item3ccdd182b8

 

No, no, and...well, probably not. Modern issues get overly-hyped for their long-term investment potential when they first come out, but they tend to die rather ignominious deaths. Check out PCGS's 5-year losers. A LOT of people lost a lot of money paying big premiums for coins that were purportedly going to skyrocket, and instead plummeted. You can find practically every issue minted in the last five years on this list...

http://www.pcgs.com/prices/AllChanges.aspx?period=5 years&direction=loss&category=0

 

I see that BUT the PCGS Price Guide prices on that list apply only to PCGS-graded coins.

Don't think most collectors are gonna spend money to get this set graded. In fact, grading non-PM coins is usually not warranted.

I really think that since the Mint stop making these $1 coins in quantity at the end of 2011, they created a supply/demand situation that makes these coins more desireable. Just my opinion, but only TIME will tell.

 

Not more desirable, just easier to hype.

 

Well, the "hype" so to speak continues. The bid on eBay for this set is now $44 with about one hour left. More sets are for sale and they're going for $40-$47.

Pretty good for a proof set that sold originally by the Mint for 18.95 plus shipping of 4.95, IMO.

http://www.ebay.com/itm/2012-United...28?pt=Coins_US_Individual&hash=item3ccdd182b8

 

Bidiots........

 

+1

 

May be "bidiots" +1 but there sure are a lot of them. Somebody is making money!

http://www.ebay.com/itm/330853609892?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649