2010 Silver Proof Sets
I just ordered my 2010 Silver Proof Sets. I waited till now to order my regular proof sets as well, along with the mint sets. I think the 2010 Silver Proof Set will be a big WINNER this year. How do all of you feel on this issue?
-True Money!
-True Money!
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Replies to This Discussion
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Permalink Reply by Buffalo on -
I'm really not sure yet what these will do. I think a lot of people may have held off on other purchase options to buy the complete silver proof set. I am going to watch the sales numbers for a while.
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Permalink Reply by True Money on -
The recent complete silver proof sets have really been dwindling in sales. The increase in price and subtraction of coins from this 2010 Silver Proof Set will see many people either not purchase as many or some that always purchase not purchase any at all. It will be very interesting.
-True Money!
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Permalink Reply by Buffalo on
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That is true but even with those changes the actual value of the silver contained is higher for the 2010 set ($24.63 vs $19.99 for the 2009 per our host Michael at times of issue) since the spot price is now higher. It's hard to say if the $4 price increase will be a big factor. I agree it has potential and is one to keep an eye on.
True Money said:The recent complete silver proof sets have really been dwindling in sales. The increase in price and subtraction of coins from this 2010 Silver Proof Set will see many people either not purchase as many or some that always purchase not purchase any at all. It will be very interesting.
-True Money!
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Permalink Reply by Steve on -
I think the final mintage will be the most important factor as to if this is a winner. So, if this stays onsale until next years is released, it will be awhile until we know.
And at this point in time, I think a low mintage is very possible.
In fact, a low mintage may occur with the regular proof set & the mint set as well...time will tell.
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Permalink Reply by Clair Alan Hardesty on -
Even very low mintage is still half a million sets. They will never be rare with those numbers. This year I am only buying one of each set. last year I picked up two of each.
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Permalink Reply by True Money on
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The rumors are that the 2011 sets will be offered at the beginning of next year, hinting at a very early sellout.
-True Money!
Steve said:I think the final mintage will be the most important factor as to if this is a winner. So, if this stays onsale until next years is released, it will be awhile until we know.
And at this point in time, I think a low mintage is very possible.
In fact, a low mintage may occur with the regular proof set & the mint set as well...time will tell.
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Permalink Reply by Buffalo on
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Anything's possible with the Mint but that still gives a few months to try to guage the sales. The shield cent and the ATB quarters could boost demand for these down the road also, although probably not as much as the 1999 Statehood quarters first year did for those sets.
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Permalink Reply by True Money on
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Well, for those who want the ATB quarters, they can purchase them completely separate from the full proof sets. As for the shield penny, most people will be purchasing the standard clad proof set at almost half the price of the silver set to acquire it.
-True Money!
Buffalo said:Anything's possible with the Mint but that still gives a few months to try to guage the sales. The shield cent and the ATB quarters could boost demand for these down the road also, although probably not as much as the 1999 Statehood quarters first year did for those sets.
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Permalink Reply by Buffalo on
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That's true TM. I'm not saying those factors will drive the sales by the Mint up a lot for the silver proof sets. Just that those factors could add to the after market demand down the road, along the lines of what the first year statehood series quarters did for the 1999 sets years down the road from the initial issue. Probably not as strong an impact though.
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Permalink Reply by Lee Grant on -
Over the past few years I have bought the silver proof set for myself and the non-silver set as gifts. The last set I bought angered me in particular with a big black spot on the shoulder of the $1 Washington coin. Because of the continuous degrading of proof coins, I am giving the Mint one last chance. I have not seen anything that would make me believe that there is any investment value in the proof sets. I buy the silver sets in that there is at least a little bullion value. The non-silver sets only have their face value, which could mean in the future that they have no value at all.
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Permalink Reply by Bruce Wiseley on -
I sold a few Proof sets yesterday, to but some land, and the market is very soft right now on them. We were looking at the Gray Sheet, and even the 1999 Silver Set was way down, under $150. Still not bad for a $39.00 investment 11 years ago, but certainly down from last years bid/ask!
Lee Grant said:Over the past few years I have bought the silver proof set for myself and the non-silver set as gifts. The last set I bought angered me in particular with a big black spot on the shoulder of the $1 Washington coin. Because of the continuous degrading of proof coins, I am giving the Mint one last chance. I have not seen anything that would make me believe that there is any investment value in the proof sets. I buy the silver sets in that there is at least a little bullion value. The non-silver sets only have their face value, which could mean in the future that they have no value at all.
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Permalink Reply by Buffalo on
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A year and a half ago, just the 1999 silver proof state quarters were running $200 plus just for raw coins. That is what I was getting at about this year's sets containing the first of the ATB quarters. I don't think they will be as popular but who knows? I'm sure a lot of people didn't think the state quarters would be either for the first year issues back in 1999.
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