2001 proof sets, why so expensive?

"Jack" wrote in message
oups.com...

Cleetus Awreetus wrote:
Looking to buy a 2001 proof coin set. What is it about that year that
makes
it seemingly more expensive than other recent years? Just curious.

Steve
I don't know what you call expensive. I bought 2001 proof set(clad) for
$16.01 + $3.50 S&H on eBay last summer.
Jack NJ
They are $120 now.

Jonathan

In article ,
"Bob Flaminio" wrote:

Cleetus Awreetus wrote:
Looking to buy a 2001 proof coin set. What is it about that year
that makes it seemingly more expensive than other recent years? Just
curious.

Assuming you're talking about the US silver proof sets, blame it on the
general stupidity of consumers. In 1999 no one guessed how in demand
silver proof sets would be, so few bought them, and consequently the
prices went up. So, in 2000, everybody wanted in on the action, and the
sets sold like crazy. More supply of course equals lower prices.
Disenchanted with proof sets, everyone stayed away again in 2001 --
ergo, the high prices return.

Remember that in 1999 the Mint limited how many of each set "each
household" could order. The stupidity that year was not on the part of
consumers. Prices skyrocketed, and as Bob said, people bought lots of
2000s hoping for a repeat. They can still be obtained for near the
issue price.

--

Chuck D'Ambra, Telesphere Numismatics
web site address: www.telesphere.com
remove the upper case letters if replying by e-mail

Chuck D'Ambra wrote:
Remember that in 1999 the Mint limited how many of each set "each
household" could order. The stupidity that year was not on the part
of consumers.

Yes, that's correct -- the mind fades. I do recall my fairly clever
dealer friend got around this by placing multiple orders, each with
different addresses: 123 Main Street Suite A, 123 Main Street Suite B,
etc. Of course, 123 Main Street was just his house, but it was enough to
fool the Mint.

--
Bob

At the very end of 1999 the mint dropped the restriction of 2 sets per
house hold. I bought 14 1999 silver proof sets that year with no
restrictions.

On Sat, 29 Oct 2005 20:00:41 +0000, Cleetus Awreetus wrote:

Looking to buy a 2001 proof coin set. What is it about that year that makes
it seemingly more expensive than other recent years? Just curious.

Steve
The 2001 proof SAC is going for about 100.00, so either set you wanted
your going to have to pay, since there is one ikn there. :-)

Greysheet bid is 100 and 135, clad anmd silver.

So if there is someone in this thread telling you that you are gong to get
them a lot cheaper at a dealer, forget it. Want the price to go down?
Don't buy one. It's the present absurd modern market, an will sooner or
later balance. Like a 1986 Liberty commem set.
--
dw

On Sat, 29 Oct 2005 17:19:22 -0400, (* *) wrote:

it depends on where you buy them. if you go to your local coin dealer
and he knows you are a rookie, he'll up the price thinking you won't
know any better. if this was the case, always walk in the store armed
with a redbook or a price sheet. always do your "coin pricing" home
work before you buy.

I believe that anyone who walks into a coin shop carrying a Red Book
is practically shouting, "I am a new collector- please take advantage
of me!!" Unless the book is just a convenient way to carry your
want list, that is. Just my HO.
Aram.