Common Proof set prices fall

Prices are falling for common standard Proof sets from the 1970s and 1980s. For case, many dealers are paying around $ 1.80 for the 1980-S Proof set, less than the $ 1.91 confront value for the coins in the specify. While the market for Proof sets produced within the new millennium is selectively goodly, an matter to phenomenon is occurring with many Proof sets from the 1970s and 1980s : dealers are thus overstock with armory that they are buying them at, in some instances, prices below grimace respect .
The regular output sets of this earned run average have very high mintages. For example more than 3.5 million 1980-S Proof sets were minted, compared with just over 1.1 million 2010-S Proof sets .
In the wholesale market, 1980-S Proof sets are trading for $ 3 to $ 3.50 each and many dealers buy these sets at a specific percentage of the wholesale price.

In good markets, dealers pay up to 90 percentage of the wholesale price for Proof and Mint sets. In the present marketplace, where dealers have growing inventories of these low-value sets that take up a batch of space, many dealers are paying fair 60 to 70 percentage of the sweeping prices for the sets .

At this level, a dealer paying 60 percentage of the $ 3 wholesale monetary value for a 1980-S Proof set would be paying $ 1.80 — or below the $ 1.91 face value. like price issues are seen for many Uncirculated Mint sets from the earned run average .
For a more modern case, at the wholesale level, prices for 10-piece 2000-S Proof sets are hovering between $ 4 and $ 4.50 ; the once-popular millennium place is in district perilously close to its $ 2.91 boldness value.

As eloquent continues to hover at the $ 35 grade, many modern Proof 90 percentage ash grey coins, including 50 State quarter dollars, are trading at virtually no premium to their flatware value .
Among late issues, the 14-coin 2010-S Proof sic, which features the lowest mintage of any standard Proof set since 1959, has appreciated a morsel on the secondary coil market. Sets now sell for $ 43 to $ 45, representing a courteous jump from the original return price of $ 31.95. holocene Silver Proof sets from the past five years have besides shown dainty gains and the 14-coin 2008-S Proof determined may trade for adenine much as $ 70 on-line .
other late batch products have not shown the same secondary market resilience as traditional Proof sets. necessitate has softened for 50 State quarter Proof sets and Presidential dollar Proof sets, as collectors, possibly overwhelmed with a bevy of U.S. Mint products competing for their collection dollars, choose to spend their money elsewhere. ¦

source : https://leowiki.com
Category : Economy