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Anyone Collect Proof Sets?

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coincollector123's Avatar
United States
850 Posts
 Posted 09/13/2012  12:00 am  Show Profile   Bookmark this reply Add coincollector123 to your friends list Get a Link to this Reply
i collect the proof sets I have a running of 1968-2012 (2012 being silver)
I am now starting to do the mint sets I have 1968-1981, 1984-1994,1996-2000.
I would say that if you life the proof ones then go ahead. The proof SBA are usually more expensive to get (especially 1999S)
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simonsays's Avatar
United States
39 Posts
 Posted 09/13/2012  10:38 pm  Show Profile   Bookmark this reply Add simonsays to your friends list Get a Link to this Reply
You can't go wrong with a subscription to the US mint for Proof sets. But you can only get current year.
I would try your local coin shop, they usually have proofs sets available for a good price.
You can call the Postal Commemorative Society, I always get offers to buy proof sets.

If your just collecting, proof set are okay but if your buying them as an investment, forget it.
If you can spend a little more, I would get them already slabbed in holders on ebay or moderencoinmart, silvertowne or auctions sites like Heritage, teletrade, great collections.
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devilsbite's Avatar
United States
86 Posts
 Posted 09/13/2012  11:25 pm  Show Profile   Bookmark this reply Add devilsbite to your friends list Get a Link to this Reply
I love proof sets!

Picked up my first one on my honeymoon in Northern Michigan and stopped back to the same friendly store in Petoskey on our 1st Anniversary. Proof sets got me hooked, the '11 & '12 sets are spectacular!

It's been interesting learning about the minting process and seeing the differences through the years. Got 69-72, 84-90, 92, 99-09, 11 & 12 plus 11 Silver. Found the best deals in bulk buys on ebay and will eventually fill in the holes from 64 up. Buy them wherever I find them, most LCS visits see me leaving with something.

Been thinking of breaking out some sets but that's just to let a particularly nice example out. While a set of the older ones with all nice coins is very elusive, I do find the occasional cameo.
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Steele's Avatar
United States
1119 Posts
 Posted 09/14/2012  5:09 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
I collect silver proof sets. An I am looking to put together an extra set of silver state hood quarters that I buy as junk. It doesn't count if I pay more than the going rate for all 90% but I will still prob buy it for a buck or two over melt for all five.
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PWinDavis's Avatar
United States
86 Posts
 Posted 09/14/2012  5:17 pm  Show Profile   Bookmark this reply Add PWinDavis to your friends list Get a Link to this Reply
I just got a 1976 proof set - the silver Ike, Kennedy, and Washington quarter. I was looking for the Eisenhower silver proof, but it looks so nice I'm reluctant to break it open. Any advice here would be appreciated...
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United States
188740 Posts
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devilsbite's Avatar
United States
86 Posts
 Posted 09/15/2012  5:31 pm  Show Profile   Bookmark this reply Add devilsbite to your friends list Get a Link to this Reply

Quote:
I just got a 1976 proof set - the silver Ike, Kennedy, and Washington quarter. I was looking for the Eisenhower silver proof, but it looks so nice I'm reluctant to break it open. Any advice here would be appreciated...


I'm a newby to the hobby but I contemplate this all the time. My goal is to have a complete set of proof sets eventually so I am loath to open one without buying a replacement first.

I've started with mint sets from key (to me) years to fill in some Whitman folders. For me it was far easier to practice coin handling skills on business strikes than proofs, also it was far easier to cut into cellophane rather than breaking into plastic! I'm sure many old-hats will chuckle at this but I just imagine coins flying everywhere the first time I break them out of the Mint packaging.

Bottom line, enjoy your coins the way YOU want too.
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Murphy's Avatar
United States
381 Posts
 Posted 09/15/2012  6:01 pm  Show Profile   Bookmark this reply Add Murphy to your friends list Get a Link to this Reply
PWinDavis,

I just received a 1976 Proof Set from my Brother for my BD. I don't ever break open sets. Either mint or proof. My Brother on the other hand breaks open sets and even slabbed coins. I can see it from his perspective. He has older coins, all the coins in my sets I can get loose.

I have thought about collecting Mint and Proof Sets. I have my Birth year (1961) and from 2010 to current in proof. I also have 1986, 1987, and 2010 to current in mint sets. I think I'll attempt to pick up the clad ones in lots and wait for the price of silver to drop before getting anything pre 1970.
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Earle42's Avatar
United States
10038 Posts
 Posted 09/15/2012  6:15 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
You can't go wrong with a subscription to the US mint for Proof sets.

I am not sure I totally agree with this. I used to get them in the 70s and early 80s. They are worth less today than what was spent on them. I once thought the modern silver sets would be good to subscribe to. And I always buy one to save and one to (hopefully) sell at a future date to help pay for the one I keep. But after holding a few for a couple years, the modern sets either lost or stagnated in price. So I cancelled my subscription. If I am patient, I can have the same proof set for cheaper a year or two after they are issued. And I also save money buying at a show or coin shop b/c I don't need to pay shipping costs the mint charges. Now if silver does another spike and stays there, I might actually have a few modern sets that I might be able to say I got a slight profit on. After a few years of it, I am also thinking of canceling my Proof Eagle subscription. I am not sure the price I pay (and shipping!) is not more expensive in the long run.
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Weezer1878's Avatar
United States
349 Posts
 Posted 09/17/2012  11:13 am  Show Profile   Bookmark this reply Add Weezer1878 to your friends list Get a Link to this Reply
I picked up a 1960, 61 and 62, all three capital lucite, from my coin dealer this weekend. Pretty excited I found the consecutive years. I picked them up cheap, too.
Edited by Weezer1878
09/17/2012 11:29 am
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Clint's Avatar
United States
194 Posts
 Posted 09/17/2012  12:13 pm  Show Profile   Bookmark this reply Add Clint to your friends list Get a Link to this Reply
The only times I think I'd break open is if one or more coins were worthy of sending to a TPG (hasn't happened to me yet), and if there was a problem with the packaging (only happened once). Otherwise I leave 'em alone!

ETA: that's re: OGP. For Capital lucite, I usually switch them to Whitman set holders, then slip into ziplock bags. The Capitals I've gotten are usually really scratched up, and have unsightly toning/spotting.
Edited by Clint
09/17/2012 12:16 pm
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Weezer1878's Avatar
United States
349 Posts
 Posted 09/17/2012  12:25 pm  Show Profile   Bookmark this reply Add Weezer1878 to your friends list Get a Link to this Reply
Yes, I noticed that a couple of the coins are rattling around in the lucite holders and a couple have toning and some spots. I was thinking of cracking them open to save them from further damage.
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PWinDavis's Avatar
United States
86 Posts
 Posted 09/17/2012  12:29 pm  Show Profile   Bookmark this reply Add PWinDavis to your friends list Get a Link to this Reply

Quote:
, all the coins in my sets I can get loose.


Thanks, that's just what I did. I started looking for the individual coins. I'm keeping the set the way it is.
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ckrakowski's Avatar
979 Posts
 Posted 09/17/2012  12:52 pm  Show Profile   Bookmark this reply Add ckrakowski to your friends list Get a Link to this Reply
i only have the 1987 proof set 3 of them and I paid $12 for all of them as the guy wanted the same amount that he could get on ebay. he bought them new in 1987 because a friend convinced him they would go up in value.
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CelticKnot's Avatar
United States
12839 Posts
 Posted 09/17/2012  2:02 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I started collecting the annual sets (mint, proof, silver proof) in the late 90's, so I have a fair number. A loooooong way to go though. And storage becomes quite the issue as the OGP takes up a lot of room.
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