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 Replies: 19 / Views: 4,638 |
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Pillar of the Community
United States
1195 Posts |
 I wouldn't consider any modern uncirculated or proof set as an investment unless you get a very good price on them. They usually make so many that they drop in value so it's better to buy second hand. With that said I like the 2009 sets. The UC set contains some satin bronze 1 cent coins only found in that set. The 2009 proof set has a good amount of silver and appears to be a good value. It also contains the special 1 year 2009 cents. I can't speak to the 2017 sets however they also could be considered a 1 year special since the P mint mark is on the penny. Only time will tell if they go up in value. The only way a modern proof or UC is going to bring much of a profit is if it grades really high. With the cost of slabbing, it might be more cost effective to just buy the coins already slabbed with a grade you're happy with. You run a big risk of paying a ton for grading only to get a coin back with a lower grade than what you wanted. Good luck, you will learn a lot here! |
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Pillar of the Community
United States
4085 Posts |
I buy a proof set and an uncirculated set directly from the mint every year and to be honest, neither is a particularly good investment. Prices on these sets typically don't increase much although there is the occasional exception. I would buy them because you like the coins, not for any other reason.
Uncirculated coins in mint sets are specially struck. From the mint's website:
United States Mint uncirculated coins are struck on special presses using greater force than circulating coins, producing a sharp, intricately detailed image
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Bedrock of the Community
United States
11951 Posts |
As some have posted. Neither are a good investment.
There have been a couple years where one or bothe sets increase in
price .. from the issue price. Most can be bought for less than issue
price, after a few years.
I would say silver proof sets have a better chance of holding value.
The sales of mint and proof sets seem to be treading down. I am guessing there
are not as many collectors interested in them.
Buy them if you like them ... not for investment.
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Bedrock of the Community
United States
10044 Posts |
Back in the 70s and 80s, my grandfather bought proof sets thinking they were a great investment. The prices he paid were the equivalent of about 5 times what I could get for them now IF I could sell them. A coin shop will offer, sometimes, less than face value since they cannot make a profit on them - people just don't buy them. modern silver proof sets, since they are PM, will not lose as much value over the years. Although the initial price is a bit high direct from the mint. You normally can get the silver sets at a better price on ebay if you wait a year or so. The silver 3-piece bicentennial set I bought back in '76 is the only one I would be able to sell easily today. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Rest in Peace
10197 Posts |
to the family! As stated, I buy online auction a lot. I see series of mint and proof sets, sometimes 20 or more consecutive year runs go for less than $100-150...not even half of what that cost in yesteryear's dollar. Buying mint sets that way could fill up ALL your collection media for peanuts when compared to buying each item at a time. Besides which, it costs to attribute a coin that WON'T appreciate in valued for many, many years. Just not smart. |
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Valued Member
United States
294 Posts |
In the case of U.S. Mint coins, I don't think they are a good investment for future potential at all. Be it uncirculated or proof, they produce gazillions of coins so that none are really rare. If you're looking at investment coins, there are far better coins to consider other than the crap that the U.S. Mint puts out year after year.
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Bedrock of the Community
Australia
21788 Posts |
There are much bigger profits to be made for Mints to produce large volumes of proof sets and uncirculated sets with zero investment potential,
than to produce them in tiny numbers for a large investment potential to the collector.
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Pillar of the Community
United States
3327 Posts |
Just my "2 cents"  I can't help but think that unc or proof sets purchased second hand would be ones that the dealer considers lower quality and not worthy of grading. When I buy previous year sets, I try to buy unopened sets, still in the US Mint outer package. Maybe I'm paranoid? "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Moderator
 United States
189502 Posts |
When buying proof sets on the secondary market, do know that the OGP is not sealed and the coins are easy to swap out.
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Bedrock of the Community
13014 Posts |
Quote:
I can't help but think that unc or proof sets purchased second hand would be ones that the dealer considers lower quality and not worthy of grading. There are instances where that is the case sometimes from the big boys with brand new sets. That said most dealers and ebay sellers don't bother searching these for grading especially when talking about proof sets. If the newer proofs don't hit a 70 they will almost always be a money loser and even when they do a lot of them have a very modest price as a 70. Basically it just isn't worth most dealers time to search them and hunt for 70s and most would rather just sell them for a small profit and be done with them. |
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Pillar of the Community
United States
4211 Posts |
Dan! As others have mentioned these are not a good investment. I get an Uncirculated set, Proof set and Silver proof set every year and if I were to try and sell them today I would take a huge loss on them. But I want to keep them current so I keep buying them. If you want graded modern coinage just buy them already graded. You will save a lot of money that way. If I were going to start collecting them today I would just buy a silver proof set every year. |
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Bedrock of the Community
United States
20753 Posts |
I used to buy a lot of proof sets for Christmas Presents. I stopped when I saw that their values just kept going down. |
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Pillar of the Community
United States
3327 Posts |
I appreciate the observations. Maybe I won't worry so much about the older sets. If it looks good I'll just get it. After all, I'm not investing, I'm collecting "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Bedrock of the Community
Australia
21788 Posts |
I am only really interested in pre WW2 proof coins. Prices for these are really high, so I don't have many of them. Because they are rare, I always consider proof coins from around the World, not just U.S. proof coins. It was only after about 1950 that Mints around the World realized that large profits could be made out of producing proof sets in large numbers for collectors. To increase profits, they produced them in as large numbers as possible that they thought the collector market could absorb, and those sets were sold at the highest price possible that they thought that the market would bear. I guess that if you are in business to make a profit, that is what you do. Not so good for collectors in the after market, who are maybe looking for an investment.  That is why I don't buy modern collector coins generally, unless the price is REALLY right, or their price is not that much above melt value. |
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Pillar of the Community
 United States
2364 Posts |
I've bought two proof sets every year starting in 1975 and probably can't break even on my investment. So, why do I keep doing this?  Because I enjoy owning them and I'm a collector and not a dealer.  Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith |
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Posted 05/17/2017 9:03 pm
