Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Who's buying proof sets?
>
Reply to Thread
Message:
<p>[QUOTE="Conder101, post: 2363651, member: 66"]Gathering dust.</p><p><br /></p><p>2012 had a low sales figure and they cut off the sales early, prices jumped. In 2013 everyone jumped on the bandwagon and mintage was high. In 1999 the mint place tight sales restrictions on sets and they were hard to come by. The prices went way high. In 2000 there were no restrictions, everybody bought a lot of sets hoping to profit on high prices like in 1999. the market was glutted and the price tanked. This turned everybody off and they stayed away form proof sets in 2001. The result was a low mintage and the price skyrocketed.</p><p><br /></p><p>Other things to consider. Most collectors collect moderns, so they buy proof sets. Many of them buy more than one set, either to keep one and break up the other for their different series sets, of they buy multiple sets hoping to keep one and sell the others for enough that their one set will be free. The net result of this is that there are usually more sets available than demand for them and after a few years the prices drop below issue price. When that happens a lot of people just let them sit rather than sell them for a loss, and they gather dust.</p><p><br /></p><p>And some things just don't make any sense. The 1995 proof set for some reason skyrocketed and for several years sold for over $100 a set, reaching a high of $150. Today it's an $8 set (issue price was $12.50) and a giveaway item at my local coin club[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2363651, member: 66"]Gathering dust. 2012 had a low sales figure and they cut off the sales early, prices jumped. In 2013 everyone jumped on the bandwagon and mintage was high. In 1999 the mint place tight sales restrictions on sets and they were hard to come by. The prices went way high. In 2000 there were no restrictions, everybody bought a lot of sets hoping to profit on high prices like in 1999. the market was glutted and the price tanked. This turned everybody off and they stayed away form proof sets in 2001. The result was a low mintage and the price skyrocketed. Other things to consider. Most collectors collect moderns, so they buy proof sets. Many of them buy more than one set, either to keep one and break up the other for their different series sets, of they buy multiple sets hoping to keep one and sell the others for enough that their one set will be free. The net result of this is that there are usually more sets available than demand for them and after a few years the prices drop below issue price. When that happens a lot of people just let them sit rather than sell them for a loss, and they gather dust. And some things just don't make any sense. The 1995 proof set for some reason skyrocketed and for several years sold for over $100 a set, reaching a high of $150. Today it's an $8 set (issue price was $12.50) and a giveaway item at my local coin club[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Who's buying proof sets?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...