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#1
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Newbie question
I'm looking at purchasing US Proof sets for 2000, 2001, and 2002. What
should I know? Are most ebay auctions reasonable, safe, reputable etc? Any known auctioneers to avoid? What are typical prices? Didn't they sell originally from the mint @ $19.95? So how much more is "reasonable" (or is that just up to what i'm willing to pay, and someone else willing to sell)? Is there that much value appreciation for sets that number in the hundred thousands?! I noticed that many sets start at ridiculously low starting prices, are there that many last minute bids? Lots of questions I know... TIA john |
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#2
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"John (Anyan Breth)" asks:
I'm looking at purchasing US Proof sets for 2000, 2001, and 2002. What should I know? You should know that there are, basically, three different US proof sets available: silver proof, clad-proof, and clad State Quarters proof. The mint never released the State Quarters in silver proof alone; you had to buy the entire set. Are most ebay auctions reasonable, safe, reputable etc? As with any purchase, do your research. Check feedback for previous customer satisfaction. Check completed auctions for average price/value. READ THE DESCRIPTION IN THE AUCTION. If you don't understand something, ask the seller. If something seems "odd," avoid bidding. Keep in mind that, even though you "must have" those proof sets, there are enough of them available that you don't have to pay an exorbitantly high premium for them. Any known auctioneers to avoid? All of us have our own "don't buy from this guy." You have to make that decision yourself. The best way is to check the feedback. What are typical prices? Didn't they sell originally from the mint @ $19.95? $13.95 + S&H for the State Quarters proofs. $19.95 + S&H for the clad proofs $31.95 + S&H for the silver proofs So how much more is "reasonable" (or is that just up to what i'm willing to pay, and someone else willing to sell)? BINGO! Is there that much value appreciation for sets that number in the hundred thousands?! The value appreciation goes back to how much are you willing to pay vs. how much is the seller willing to take. I noticed that many sets start at ridiculously low starting prices, are there that many last minute bids? It's called "sniping," and there is a LOT of it. Some auctions don't see any action until the last few minutes, then the bidding goes into the stratosphere. Those that have been ebay-ers for years seem to agree that the "1¢ No Reserve" for the majority of coin auctions bring the highest bids and the most activity. Lots of questions I know... That's why we're here. I'm sure some of the others can provide more and/or better information than I have. I'm not much of an ebay-er myself, even though I'm always looking. TIA YW. :-) john Jerry |
#3
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"Anyan Breth" wrote in message ... I'm looking at purchasing US Proof sets for 2000, 2001, and 2002. What should I know? What genuine ones look like. Two plastic frames containing a total of ten coins, plus a COA, plus an outer cardboard box. State Quarter Only Proof Sets are one plastic frame containing five coins, lus a COA, plus an outer cardboard box. Are most ebay auctions reasonable, safe, reputable etc? Most, but check on how much a seller charges to ship. Shipping charges vary wildly. If someone wants $12.00 to ship you a Proof Set, avoid. If you have one, weigh it, multiply it by how many you might possibly buy from the same person, go to http://www.usps.gov, and calculate the postage based on that weight, and add some weight to cover the outer box an inner stuffing needed to keep them from banging around in the box. Add some more to cover insurance. Then you'll know what the seller's raw costs are to ship, and don't forget it takes time to pack one into a box with padding, tape it all up, and drive it to the Post Office. To ship one single modern Proof Set in a Priority Box across the country, insured for up to $50.00 with Delivery Confirmation costs $5.60. The more sets added to the box, the more it weighs, the more the postage is, the more the Insurance is. Don't avoid paying for USPS Insurance. If it's lost or stolen in the mail on the way to you, you're screwed and have absolutely no recourse. Check the seller's feedback record. If they have just a couple feedbacks, they probably don't know what they're doing yet. If they have hundreds or a thousand or two, then they're experienced, but see what they do more, buy or sell.. Check their percentage of negative feedbacks. Understand that many negatives are real, because they screwed up, and many can be retaliatory and meaningless.. If they have tens of thousands of feedbacks, it might look impressive, but this can actually slow things down as people with that many feedbacks tend to be big operations with a staff of stock pullers and packers and shippers and service can be very impersonal and it can take a while to get an answer.. Any known auctioneers to avoid? Probably, but I'll let others name those with whom they've had bad experiences. What are typical prices? Didn't they sell originally from the mint @ $19.95? So how much more is "reasonable" (or is that just up to what i'm willing to pay, and someone else willing to sell)? Is there that much value appreciation for sets that number in the hundred thousands?! Prices have gone up over the years. The Standard Clad Proof Set went up to $19.95 from The Mint (plus shipping..) .. in 1999 and that's what it still is. The Silver Proof Sets from 1999 onward have been $31.95 plus shipping except for 1999 which was $29.95, but if you want one of those, you'll now pay over $220.00 for the pleasure. Silver Proof Sets are made each year in numbers under one million and they appreciate in value much more quickly than Clad Proof Sets.. of which they make 2-3 million a year.. I buy two Clad, two Silver and two Mint Sets each year from The Mint, directly. And have been for years. By buying them direct, I know they haven't been pawed over or cherry picked, the outer boxes aren't trashed and smashed, shipping is $3.95 per order, no sales tax, and they go right into my mailbox. Anything older than the current year's set (right now, The Mint is selling the 2003 Sets, as the 2004 Sets haven't been released yet..) .. and you're at the mercy of third party sellers. Dealers, eBay, wherever. You can often find good deals and do your own cherry picking at a big coin show where lots of dealers have bins full of them for sale. You also don't have to pay sales tax or shipping at coin shows. But depending on the size of the show, you have to pay for parking and admission and walk up and down aisles of tables looking for what you want. Depending on what in high demand and what isn't, there are bargains to be found, and also some dealers charge above current average retail, so you wander around looking for the best price. You can open the boxes, look at the coins in their plastic frames, and see if they still look like new or are getting cloudy (which happens to Proofs when they have been stored under bad conditions for years..) .. The huge Long Beach Coin and Stamp and Collectibles show is held three times a year, and the first one of this year starts this Thursday and runs through Sunday at the Long Beach Convention Center where parking is $8.00 and show admission is $5.00. But there are over 400 tables and a thousand dealers and literally a ton of Proof Sets for sale if you are in the area and want to experience a Coin show of Biblical proportions, check it out.. I noticed that many sets start at ridiculously low starting prices, are there that many last minute bids? Sellers use different strategies on eBay, so depending on when the auction closes, and the seller's reputation, pictures, description, and Feedback Record, yes and no. You could probably put a 1999 Silver Proof Set on eBay and start it at one cent and get over $200.00 for it. If you have the guts to do it. For entertainment value, find one that starts at a very low price, put it on your watch list, and watch it. See how many bids it gets every day. Come back and watch it during the closing hour of the auction, and chances are you'll see a whole bunch of people throwing bids at it up to the final seconds. Unless the seller is a total idiot and doesn't use a seachable title that make sense, or charges an exhorbitant amount for shipping, or has a ton of negative feedback, or puts it in the wrong category, some items, like a 1999 Silver Proof Set are almost guaranteed to sell for pretty close to, or even more than dealers sell one for. Even if it's a seven day auction and it sits there with a low bid for six days and 23 hours, watch it get jumped on in the last hour.. Auctions with good pictures of the item being sold get better results. People like to see what they're bidding on. Ask the seller if he's using a stock picture or if the set he depicts is the actual one you'll get. Overblown auctions with flashing neon squirming animated GIFs and background music and all that other window dressing are overkill and turn a lot of people off. Lastly, don't EVER buy sets or any other coins for that matter from those TeeVee coin shows. Everything they sell is over-hyped and over-priced. Harv |
#4
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Yes, the original proof sets of 5 coins and the set of 5 quarters were
$19.95 + shipping. Anyan Breth wrote: I'm looking at purchasing US Proof sets for 2000, 2001, and 2002. What should I know? Are most ebay auctions reasonable, safe, reputable etc? Any known auctioneers to avoid? What are typical prices? Didn't they sell originally from the mint @ $19.95? So how much more is "reasonable" (or is that just up to what i'm willing to pay, and someone else willing to sell)? Is there that much value appreciation for sets that number in the hundred thousands?! I noticed that many sets start at ridiculously low starting prices, are there that many last minute bids? Lots of questions I know... TIA john |
#5
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Grandpa jsdebooATcomcast.net wrote:
Yes, the original proof sets of 5 coins and the set of 5 quarters were $19.95 + shipping. Anyan Breth wrote: Yes, but if you bid on the proof sets I'm selling on ebay and mention RCC then you get free shipping. Lots more going up in the next week or so (shameless plug ends here). Cliff/ebay N5GWU |
#6
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Cliff wrote:
Grandpa jsdebooATcomcast.net wrote: Yes, the original proof sets of 5 coins and the set of 5 quarters were $19.95 + shipping. Anyan Breth wrote: Yes, but if you bid on the proof sets I'm selling on ebay and mention RCC then you get free shipping. Lots more going up in the next week or so (shameless plug ends here). Cliff/ebay N5GWU And a URL to assist with that shameless plug is? |
#7
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.....and your userid would be?
On Tue, 27 Jan 2004 12:33:24 -0500, Cliff wrote: Grandpa jsdebooATcomcast.net wrote: Yes, the original proof sets of 5 coins and the set of 5 quarters were $19.95 + shipping. Anyan Breth wrote: Yes, but if you bid on the proof sets I'm selling on ebay and mention RCC then you get free shipping. Lots more going up in the next week or so (shameless plug ends here). Cliff/ebay N5GWU |
#8
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Steve M wrote:
....and your userid would be? On Tue, 27 Jan 2004 12:33:24 -0500, Cliff wrote: Grandpa jsdebooATcomcast.net wrote: Yes, the original proof sets of 5 coins and the set of 5 quarters were $19.95 + shipping. Anyan Breth wrote: Yes, but if you bid on the proof sets I'm selling on ebay and mention RCC then you get free shipping. Lots more going up in the next week or so (shameless plug ends here). Cliff/ebay N5GWU see above line...... search on ebay seller N5GWU |
#9
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"Cliff" wrote in message ... Steve M wrote: ....and your userid would be? On Tue, 27 Jan 2004 12:33:24 -0500, Cliff wrote: Grandpa jsdebooATcomcast.net wrote: Yes, the original proof sets of 5 coins and the set of 5 quarters were $19.95 + shipping. Anyan Breth wrote: Yes, but if you bid on the proof sets I'm selling on ebay and mention RCC then you get free shipping. Lots more going up in the next week or so (shameless plug ends here). Cliff/ebay N5GWU see above line...... search on ebay seller N5GWU here ya go. http://cgi6.ebay.com/ws/eBayISAPI.dl...sort=3&rows=50 or http://tinyurl.com/2bf44 Ed |
#10
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Thanks again for the great feedback/info! Pretty much what I expected to
hear... ...it's good to get confirmation though. JK "Jerry Dennis" wrote in message ... "John (Anyan Breth)" asks: I'm looking at purchasing US Proof sets for 2000, 2001, and 2002. What should I know? You should know that there are, basically, three different US proof sets available: silver proof, clad-proof, and clad State Quarters proof. The mint never released the State Quarters in silver proof alone; you had to buy the entire set. Are most ebay auctions reasonable, safe, reputable etc? As with any purchase, do your research. Check feedback for previous customer satisfaction. Check completed auctions for average price/value. READ THE DESCRIPTION IN THE AUCTION. If you don't understand something, ask the seller. If something seems "odd," avoid bidding. Keep in mind that, even though you "must have" those proof sets, there are enough of them available that you don't have to pay an exorbitantly high premium for them. Any known auctioneers to avoid? All of us have our own "don't buy from this guy." You have to make that decision yourself. The best way is to check the feedback. What are typical prices? Didn't they sell originally from the mint @ $19.95? $13.95 + S&H for the State Quarters proofs. $19.95 + S&H for the clad proofs $31.95 + S&H for the silver proofs So how much more is "reasonable" (or is that just up to what i'm willing to pay, and someone else willing to sell)? BINGO! Is there that much value appreciation for sets that number in the hundred thousands?! The value appreciation goes back to how much are you willing to pay vs. how much is the seller willing to take. I noticed that many sets start at ridiculously low starting prices, are there that many last minute bids? It's called "sniping," and there is a LOT of it. Some auctions don't see any action until the last few minutes, then the bidding goes into the stratosphere. Those that have been ebay-ers for years seem to agree that the "1¢ No Reserve" for the majority of coin auctions bring the highest bids and the most activity. Lots of questions I know... That's why we're here. I'm sure some of the others can provide more and/or better information than I have. I'm not much of an ebay-er myself, even though I'm always looking. TIA YW. :-) john Jerry |
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