Common Proof set prices fall (2024)

US Coins

Common Proof set prices fall (1)

Prices are falling for common standard Proof sets from the 1970s and 1980s. For example, many dealers are paying around $1.80 for the 1980-S Proof set, less than the $1.91 face value for the coins in the set.

Coin World image.

While the market for Proof sets produced within the new millennium is selectively healthy, an interesting phenomenon is occurring with many Proof sets from the 1970s and 1980s: dealers are so overstocked with inventory that they are buying them at, in some instances, prices below face value.

The regular production sets of this era 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 percent of the wholesale price for Proof and Mint sets. In the present market, where dealers have growing inventories of these low-value sets that take up a lot of space, many dealers are paying just 60 to 70 percent of the wholesale prices for the sets.

At this level, a dealer paying 60 percent of the $3 wholesale price for a 1980-S Proof set would be paying $1.80 — or below the $1.91 face value. Similar pricing issues are seen for many Uncirculated Mint sets from the era.

For a more modern example, at the wholesale level, prices for 10-piece 2000-S Proof sets are hovering between $4 and $4.50; the once-popular millennium set is in territory dangerously close to its $2.91 face value.

As silver continues to hover at the $35 level, many modern Proof 90 percent silver coins, including 50 State quarter dollars, are trading at virtually no premium to their silver value.

Among recent issues, the 14-coin 2010-S Proof set, which features the lowest mintage of any standard Proof set since 1959, has appreciated a bit on the secondary market. Sets now sell for $43 to $45, representing a nice jump from the original issue price of $31.95. Recent Silver Proof sets from the past five years have also shown nice gains and the 14-coin 2008-S Proof set may trade for as much as $70 online.

Other recent Mint products have not shown the same secondary market resilience as traditional Proof sets. Demand has softened for 50 State quarter Proof sets and Presidential dollar Proof sets, as collectors, perhaps overwhelmed with a bevy of U.S. Mint products competing for their collecting dollars, choose to spend their money elsewhere. ¦

Common Proof set prices fall (2024)

FAQs

What year proof sets are worth the most? ›

As mentioned above, the number of silver proof sets produced is the primary factor affecting their value. The lowest produced silver proof sets, and therefore, the most valuable were minted in 1956 and earlier.

How much is a 2022 proof set? ›

One Roosevelt dime

Each set of coins includes the Mint's certificate of authenticity. The 2022 United States Mint Limited Edition Silver Proof Set is priced at $201.

Will proof sets increase in value? ›

It's considered a low-risk investment with excellent potential to increase in value. Because proof coins are more rare and produced in smaller numbers with a higher level of quality control, you can expect these coins to hold and increase in value.

Why is the 2012 proof set worth so much? ›

Mint before the Mint stops selling them. Once the Mint stops selling them then that's it, no more sets. So, for some reason the Mint stopped selling the 2012 set about nine months earlier than most sets. This caused the demand for the sets to jump up, which also exploded the price of the sets.

What proof set coins are worth money? ›

  • 1939 Proof Set 1c-50c PR. Worth: $1,180 - $1,180. ...
  • 1940 Proof Set 1c-50c PR. Worth: $986 - $986. ...
  • 1941 Proof Set 1c-50c PR. Worth: $956 - $956. ...
  • 1942 Proof Set 1c-50c PR 5 Coins. Worth: $910 - $910. ...
  • 1942 Proof Set 1c-50c PR 6 Coins. Worth: $1,020 - $1,020. ...
  • 1950 Proof Set 1c-50c PR. ...
  • 1951 Proof Set 1c-50c PR. ...
  • 1952 Proof Set 1c-50c PR.

Are all 1976 proof sets silver? ›

About the sets: 1976-S Proof Coins are found with Brilliant, Cameo, and Deep Cameo surfaces. All three finishes are readily available.
...
1976-S Proof Set.
Currency TypeDollar
DimensionsVarious
2 more rows

Is it better to buy proof or bullion? ›

If you are looking to buy coins purely for investment, then the more cost-effective Bullion coins could be your best bet. However, if you are looking to pay a little more for a scarcer and high quality coin as a collector, you may decide on a Proof coin or set.

Are 2022 proof sets available? ›

This product will be available for sale on April 7, 2022, at 12 noon (ET).

Do proof coins hold value? ›

Gold and silver Proof commemorative coins are minted in limited numbers. This makes them valuable and more collectable as there are less of them produced, and many collectors are keen to add them to their collections.

Is it better to buy proof or uncirculated coins? ›

Generally speaking, proof coins have a higher relative mark-up than uncirculated coins. As a collector's item, proofs can be sold for more than the value of the raw precious metals they contain. However, the downside is they cost a little more than uncirculated coins to purchase.

Is a proof coin better than uncirculated? ›

What is the difference between Proof, Brilliant Uncirculated and bullion coins? Proof coins are the highest standard of commemorative coin produced by The Royal Mint. Brilliant Uncirculated coins and bullion coins are struck to a similar standard, without the extra finishing and detail provided on Proof coins.

Why do people buy coin proof sets? ›

The United States Mint Proof Set, commonly known as the Proof Set in the United States, is a set of proof coins sold by the United States Mint. The proof set is popular with coin collectors as it is an affordable way to collect examples of United States coinage in proof condition.

How much is a 2001 Proof Set? ›

The price was $94.95 for the three-set combination (or $79.95 if more than 100 combinations were ordered).
...
2001-S Proof Set.
Year of Issue2001
CountryUnited States
CompositionMixed Metal
ConditionProof
DenominationVaries

What is the oldest proof coin? ›

The first gold coins struck by the US Mint that are unquestionably Proof were struck in 1821. The Smithsonian collection contains an 1821 Quarter Eagle and Half Eagle. The Quarter Eagle is a bit mishandled, but the 1821 Half Eagle is superb with completely original surfaces.

How much is a 2008 Proof Set worth? ›

2008 American Legacy Proof Set and Package | Value: $106.20

Proof coins of the circulating coinage representing the denominations cent through Sacagawea dollar and four Presidential Dollars totaling 14 coins. Featured is the 2008 Bald Eagle Silver Dollar as the fifteenth coin.

Do uncirculated coins increase in value? ›

Uncirculated coins & Their Value

The main attraction of buying uncirculated coins is usually for collectors, as they will often increase significantly in value over time and be worth more than their circulated counterparts.

What coins hold the most value? ›

9 of the most valuable coins in the world
  • The 1787 Brasher Doubloon. ...
  • The 1787 Fugio cent. ...
  • The 723 Umayyad Gold Dinar. ...
  • The 1343 Edward III Florin. ...
  • The 1943 Lincoln Head Copper Penny. ...
  • The 2007 $1 Million Canadian Gold Maple Leaf. ...
  • 1913 Liberty Head V Nickel. Scott Olson/Getty Images. ...
  • Morgan Silver Dollars. H.

What is the highest grade for proof coin? ›

Like circulated grades, proof coins are graded on the Sheldon scale from 1 to 70, and are preceded by the abbreviation 'PF' or 'PR' to distinguish them from circulation strikes. Proof coins graded 60 to 70 are mirrored to those of Uncirculated grades with the difference that the coin was not made for circulation.

How much is a 1974 Eisenhower proof dollar worth? ›

1974 D Eisenhower Dollar Value

According to the NGC Price Guide, as of December 2022, a Eisenhower Dollar from 1974 in circulated condition is worth between $1.05 and $1.50. However, on the open market 1974 D Silver Dollars in pristine, uncirculated condition sell for as much as $6400.

What year quarters stopped being silver? ›

254, enacted July 23, 1965, eliminated silver from the circulating United States dime (ten-cent piece) and quarter dollar coins. It also reduced the silver content of the half dollar from 90 percent to 40 percent; silver in the half dollar was subsequently eliminated by a 1970 law.

Are 1976 proof sets worth anything? ›

USA Coin Book Estimated Value of 1976-S Proof Set is Worth $10 or more. Click here to Learn How to use Coin Price Charts.

Which is better mint or proof? ›

Proof coins showcase a greater depth of sharpness, definition, and detail than mint state coins. As PCGS explains, a proof coin is “usually struck from a specially prepared coin die on a specially prepared planchet.

Is it better to buy 1 oz gold bar or coin? ›

If you're looking for a convenient, flexible addition to your investment portfolio, with capital gains tax benefits, then gold coins could be the best choice for you. If you're looking to make a larger investment and want to avoid paying a higher premium, then gold bars could be your best option.

Should I buy gold to counter inflation? ›

Gold tends to hold its value for longer than many other types of assets. As such, it can act as a hedge against inflation, when buying power for prices for goods and services decreases.

Do banks sell proof coins? ›

Some of the largest banks in America are in direct contact with the Federal Reserve, which makes it easier for them to special-order rolls of coins for repeat coin-collecting customers. A lot of people don't even know that this is an option. But the truth is that almost all banks are capable of selling rolls of coins.

Is there a market for proof sets? ›

Despite market fluctuations that have diminished the value of many modern proof sets, the 1981-S Type II proof set has consistently maintained strong market values over the decades and is today worth around $250 for a proof set in which all six coins bear the Type II “S” mintmark.

Are proof set coins real? ›

A Proof Set is a complete set of proof coins of each denomination made in a year. Proof coins are struck in sharp relief with mirror-like backgrounds and frosted, sculpted foregrounds, giving them a special cameo effect. They're collector's pieces in their own right.

Should you buy proof coins? ›

Buying a proof coin now could result in massive profits in the future, or you could just get a few dollars more than non-proof offerings. The important thing to remember is that you're always getting value. Gold proof coins are a great investment, and they're an essential addition for any collector.

Can you touch a proof coin? ›

Proof coins look completely different from brilliant uncirculated ones. The image is frosted and the background is mirror-like, so the contrast is dramatic. You can touch these coins also if you wish, but, if you do so, make doubly sure that you get any fingerprints or dirt off.

Are silver Eagle proofs a good investment? ›

Absolutely! Silver Eagles are popular, have liquidity, and hold additional value to collectors. They're always in demand due to their silver content and purity, as well as their value as U.S. legal tender.

Why is a proof coin not a grade? ›

Proof is not a grade. The term refers to a method of manufacture rather than the condition of the coin. Proof coins are graded exactly as other coins of the series, yet always receive the abbreviation PR (sometimes PF).

Are all S coins proofs? ›

All Proof coins since 1968 have been struck at the San Francisco Mint and feature the coveted “S” mint mark. Proofs are the highest quality coins struck by the U.S. Mint.

Which proof is best in Crypto? ›

On top of that, proof of stake provides opportunities to earn more crypto. You can lock up your coins in a liquidity pool and receive rewards in the form of more coins. This offers more opportunities to earn money and integrate into a financial system on a proof of stake network than on a proof of work network.

Are proof coins shiny? ›

The background surface or field areas of proof coins are highly-polished, shiny and mirror-like. In fact, when you stand back and look at a proof, you'll see your reflection on its surface.

Are coin sets a good investment? ›

Coin collecting can be for everyone, and the investment potential is high. For serious collectors or investors, coins are a tangible asset that easily hedge against inflation while also adding some solid diversity to your portfolio.

Do proof sets have silver in them? ›

Standard proof sets contain a silver half dollar, quarter, dime, with a nickel and penny. Other Proof Silver sets are produced as part of a specific series, like the America the Beautiful quarters silver proof set which contains a silver proof version of every design released that year.

Is a 1977 Proof Set silver? ›

A black card cover imprinted with silver letters, "United States Proof Set • 1977" protected both the case and the frame.
...
1977-S Proof Set.
Year of Issue1977
CompositionMixed Metal
ConditionProof
DenominationVaries
1 more row

How much silver is in a 1976 Proof Set? ›

The 1976 3-piece Proof Set contains three 40% silver coins: Eisenhower Dollar, Kennedy Half, Washington Quarter with the bicentennial dual date!

How much silver is in a 1992 Proof Set? ›

These sets were released in the historic bicentennial year of the establishment of the U.S. Mint and saw the dime, quarter and half dollar all struck in 90% silver.

Do banks sell Silver Eagles? ›

Yes, you can buy American Silver Eagle coins at a bank. The U.S. Mint indicates that it sells Silver Eagles to authorized purchasers.

What is the oldest U.S. coin ever found? ›

The Fugio cent, also known as the Franklin cent, is the first official circulation coin of the United States. Consisting of 0.36 oz (10 g) of copper and minted dated 1787, by some accounts it was designed by Benjamin Franklin.

What's the oldest penny? ›

America's first one-cent piece, called the "large cent," was first struck in 1793, one year after the Mint opened. It was so big that it was hard to use, but it wasn't replaced by a smaller penny until 1857, more than 50 years later.

What is a 2011 proof set worth? ›

USA Coin Book Estimated Value of 2011-S Proof Set (Silver 14 Piece Set Variety) is Worth $102 or more.

Does 1970 proof set have silver? ›

Proofs are the highest quality U.S. coins, and a Proof Set is a limited edition collection of the year's coins. The 1970 Proof Set includes all coins: the Penny, nickel, dime, quarter and the Half Dollar. This is the last regular U.S. Proof Set to include a silver coin.

What is a 2007 United States Mint proof set worth? ›

2007 American Legacy Proof Set and Package | Value: $91.00

16 coins comprise the set covering all denominations from the cent through Sacagawea Dollar, four Presidential Dollars, five State Quarters and two commemorative silver dollars.

Are 1968 proof sets worth anything? ›

Don't forget, the 1968 no-S proof Roosevelt dime is a significant error variety that generally trades in the range of $10,000 to $15,000. Rare, yes.

What is a 2015 proof set worth? ›

A: The price ranges. Anywhere from $50-$120 depending on the quality of each coin and/or grad…

How much is a 2008 proof set worth? ›

2008 American Legacy Proof Set and Package | Value: $106.20

Proof coins of the circulating coinage representing the denominations cent through Sacagawea dollar and four Presidential Dollars totaling 14 coins. Featured is the 2008 Bald Eagle Silver Dollar as the fifteenth coin.

How much are old proof sets worth? ›

Modern U.S. Proof Set Coin Values
Date & TypeTotal Sets SoldAvg. Sell Value
19398,795$1,250.00
194011,246$1,000.00
194115,287$1,000.00
1942 5-piece21,120$925.00
58 more rows
20 Apr 2022

Is the 1982 Proof Set silver? ›

All of the Cents in the 1982-S Proof Sets are of the Large Date variety, and all are of the old bronze composition (as opposed to the newer Copper-plated Zinc).

Is a 1980 Proof Set silver? ›

A: One set, six coins total. A: Hi, in 1980 there were no silver coins. These are copper-nickel only.

How much is a 2001 proof set? ›

The price was $94.95 for the three-set combination (or $79.95 if more than 100 combinations were ordered).
...
2001-S Proof Set.
Year of Issue2001
CountryUnited States
CompositionMixed Metal
ConditionProof
DenominationVaries

How much is a 2016 proof set? ›

Pricing for the 2016 Proof Set was $31.95 per set. This reflected a price decline of $1 per set compared to the prior year. The price was lowered due to the fact that there was one fewer $1 coin included in the set for this year due to the completion of the Presidential Dollar Program.

What is a 2007 proof set worth? ›

2007 American Legacy Proof Set and Package | Value: $91.00

16 coins comprise the set covering all denominations from the cent through Sacagawea Dollar, four Presidential Dollars, five State Quarters and two commemorative silver dollars.

What is a 2011 Proof Set worth? ›

USA Coin Book Estimated Value of 2011-S Proof Set (Silver 14 Piece Set Variety) is Worth $102 or more.

Are Proof Set coins real? ›

A Proof Set is a complete set of proof coins of each denomination made in a year. Proof coins are struck in sharp relief with mirror-like backgrounds and frosted, sculpted foregrounds, giving them a special cameo effect. They're collector's pieces in their own right.

How much is a 2000 proof set worth? ›

In the second year of the 50 State Quarters program five additional specially designed quarters were minted. The silver 2000 US Mint proof set value in 2022 is in the $43.40 range.

Do all proof sets contain silver? ›

Standard proof sets contain a silver half dollar, quarter, dime, with a nickel and penny. Other Proof Silver sets are produced as part of a specific series, like the America the Beautiful quarters silver proof set which contains a silver proof version of every design released that year.

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