ebay is currently inundated with silver 50 state proof sets. From 1999 to present, seems that the mint is going to honor every state park and possibly every crossroads to continue producing these quarters in .90 silver. With the zombie/end of the world crowd bidding junk silver to approx. $14.50 - $15 per $1 face value, the proof quarters seem to be quite a bargain, (excluding the 1999 set which sells for $75-$100). I'm fond of the fact that I can buy these proof coins for less than pre '64 junk and generally for less percentage mark up that ASE's. Feel that I'm buying silver at a reasonable premium and a possible chance for numismatic appreciation in the future. Am I totally off base?
Shhhh! This has been my secret for quite some time now. About half of my silver bullion is in the form of 2000 and up silver proofs. The only drawback I can see is that you'll have to convince people they are 90% silver and not clad. Pre-65 coins are widely known to be 90% silver. People might look at you funny when you tell them your 2007 Montana state quarter is 90% silver. "See, look at the edge, it's silver, really, trust me..."
Shouldn't have to worry about that down the road, as most of the demand for these should come from collectors, with I hope, a hefty numismatic premium.
Meh - I'm not expecting them to appreciate based on numismatic value. I bought them for their silver content. If they do appreciate, that's great of course! But if not, I'm not out anything I wouldn't have been out buying any other form of silver that wouldn't have been nearly as shiny.
2003 United States Mint Proof Set 50 State Quarters are for sale and your telling me these are 90% ..........you get 5 quarters in set
There are Mint Proof sets (list price at usmint.gov $14.95) and there are Silver Mint Proof Sets (list price at usmint.gov of $31.95). See both here: http://catalog.usmint.gov/coin-programs/america-the-beautiful-quarters/
Correct. The silver proof box sleeve will have the word silver in it. Here's a thumbnail picture from an ebay auction for a non-silver listing for 2011. And one from a silver set. Both of these are 2011, but only one is silver.
Here is a table on mintage, market value, original value, and intrinsic/monetary value: Silver Proof Sets Year Mintage Current Original Intrinsic 1992 1,009,585 $16 $21 $10 1993 570,213 $20 $21 $10 1994 636,009 $17 $21 $10 1995 549,878 $35 $21 $10 1996 623,655 $19 $21 $10 1997 605,473 $20 $21 $10 1998 638,134 $18 $21 $10 1999 804,565 $85 $32 $10 2000 965,421 $30 $32 $22 2001 849,600 $36 $32 $23 2002 892,229 $33 $32 $23 2003 1,146,050 $31 $32 $23 2004 1,187,700 $29 $38 $23 2005 993,528 $30 $38 $23 2006 1,048,872 $25 $38 $23 2007 875,050 $36 $45 $23 2008 774,874 $38 $45 $27 2009 694,406 $42 $53 $27 2010 585,414 $45 $57 $30 2011 574,175 $49 $68 $27 2012 395,443 $200 $68 $27 2013 419,720 $75 $68 $27 2014 410,995 $50 $49 $27 Still Selling the 2014 Silver Proof Set
