| Author |
 Replies: 30 / Views: 5,395 |
|
|
|
Pillar of the Community
3352 Posts |
"a 1968 coin set for $8"
=> that is awesome for a "coin-collector", but sucks for an "investor" ...
Yah, everybody wants to buy low and then sell high (well, we might as well buy now while they're low, because eventually, they'll become old enough that they'll start to become more valuable) ... but it's just too bad that they take-up so much room!
By the way => I don't buy "bulk", I'm merely collecting each year and then moving on ...
|
|
Pillar of the Community
United States
2271 Posts |
It looks like the mint sets have been holding up reasonably well. There are probably two reasons for this. The biggie is that attrition is very high on mint sets so with large numbers of people needing to liquidate there just aren't that many coming onto the market. The other reason is that mint set prices are better protected by their face value. Prices simply aren't as high above face on most mint sets.
In the longer term proof sets will do OK I believe. The problem is that ir could be years before they get the attention they deserve and there will still be substantial numbers of those that aren't subject to corrosion.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
6326 Posts |
The "declining value" matters not, to me. I have to have every years Proof Set for my Dansco's. I need EVERY denomination for them to continue to be complete. This is the way I keep up to date...this is the way I collect. I do not have a problem opening the Proof O.G.P.'s to get what I need at all. I suspect, that while it may not be discussed much, that there are MILLIONS of numismatists doing the same thing as me. And since about '06-'07, I have bought an extra Proof Set as well, to have one intact for future use as I see fit. This may or may not continue, because my main focus is just to keep the Dansco's all up to date with those beautiful Proof coins ! ....  |
|
Moderator
 United States
188770 Posts |
Quote:I often wonder how many proof sets out there on ebay have had cherry picked coins swapped from other sets then selling us the inferior coins in their place. I suspect more than your probably realize. |
|
Bedrock of the Community
United States
17884 Posts |
Quote:
I suspect, that while it may not be discussed much, that there are MILLIONS of numismatists doing the same thing as me. More like thousands or tens of thousands at the most. If it was millions there would be no proof sets left since many sets don't have mintages of more than a round a million. Even it is was a couple hundred thousand collectors doing it it would reduce the supply of a lot of proof sets so much that they would rise greatly in value due to scarcity. |
|
Bedrock of the Community
United States
19961 Posts |
I was at my dealer a couple of weeks ago, he was opening a ton of proof sets and preping the individual coins for sale. He said the sets are worth little, but the individuals are worth more... even as proof rolls.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
|
Pillar of the Community
United States
594 Posts |
Quote:Quote:I often wonder how many proof sets out there on ebay have had cherry picked coins swapped from other sets then selling us the inferior coins in their place. I suspect more than your probably realize. After seeing tons of empty boxes, and COAs for Proof sets for sale on ebay, I figured it would be too easy for some one to put together their own proof sets and resell them to me as if they came from the mint. And with the set having the COA and box with it, it would be hard to argue. Soooo, I don't buy Proof sets from ebay. |
|
Pillar of the Community
United States
1704 Posts |
Even though most collectors say they are not collecting for the investment side of numismatics they do make their purchases with that in the back of their minds. Anyone who collects has an expectation that someday their collection will be worth something more then they paid for it. With the ugly coins manufactured by the Mint these days I will never collect them in any form. The only exception is I am collecting the proof 90% Kennedy half dollars though they will probably never be worth much more than their silver content. Ed ANA LM-3175 |
|
Pillar of the Community
979 Posts |
i just bought 3 proof sets from my birth year (1987) for $4 dollars each off of a person who had bought them new back then because a friend told him they were going to go up in value. and realizing they were not going up in value he decided to get rid of them for what they were selling for on ebay. I think I did good at $4 dollars a piece. what do you think? |
|
Pillar of the Community
United States
4869 Posts |
Proofs are stunning coins, but since they aren't intended for circulation (though you can spend them) I think some shy away from them and more focus on business strikes.
Also I find it interesting that single proof coins sell for more compared as to just buying a proof set.
|
|
Bedrock of the Community
United States
20753 Posts |
I sort of dislike Proof sets as sets and only collect one of each, each year. And the only reason I do is I order about 10 each year as well as 10 Uncirc sets. All are slated for Christmas Presents as well as the latest Red Book. Easy way to find gifts for someone that you have no idea of what else to get for them. Even if they don't like them, don't want them, don't care about them, a present is a present so naturally they look at them and say GEE thanks. Much better than running around from store to store buying STUFF that they didn't want anyway. I wonder some times if it wasn't for people like me and those stupid slots in Albums for Proofs, would the Mint still make them? Possibly since they make almost anything today regardless of what anyone wants or uses. Due to all the people that get them for presents and don't want them, this could possibly be the reason ebay is so flooded with them and the prices are down, down, down. |
|
Pillar of the Community
3352 Posts |
Well, I realize that proof sets and/or specimen sets may not be sound "investments", but I still love coins so much that I almost pee my pants when the new coins sets come out to play!
=> proof sets rock!
=> "the new phone books are here, the new phone books are here!"
|
|
Pillar of the Community
United States
4989 Posts |
If they get down near face value, would be kind of fun to break them open and buy everything using old proof coins... would get some funny looks from retailers.
|
|
Pillar of the Community
United States
584 Posts |
One of my favorite things to do is hunt for a proof set that might have one of your key coins, Like the SBA Type 2 in it. Its such a rush, that's paid off a few times. I do wined up with multiple years, but what the hay. The fun is in the hunt for me. As for TheForce's comment about always being cautious cause you just don't know. I think the same thing! Sometimes a little to much. lol |
|
Pillar of the Community
United States
927 Posts |
I am amazed at how many proof 'rolls' are advertised out there. It also amazes me that with all of these rolls that there are still significant amounts of complete sets that the prices are so low. I for one cannot bring myself to break up a proof set, but I also get the albums with only the P and D mints. I don't want to touch the proof coins. I don't want to 'ruin' them. They are beautiful to look at.
|
| |
Replies: 30 / Views: 5,395 |
First Page
Posted 09/10/2011 6:22 pm
