Advice Regarding Purchasing US Mint Uncirculated -Vs- Proof Coins - Page 2

To participate in the forum you must log in or register.

Author	Replies: 19 / Views: 4,664	Page: of 2

just carl Bedrock of the Community United States 20753 Posts	Posted 05/28/2017 12:11 pm I used to buy a lot of proof sets for Christmas Presents. I stopped when I saw that their values just kept going down. Report this Post to the Staff
Bump111 Pillar of the Community United States 3332 Posts	Posted 05/29/2017 12:55 pm 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 Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/29/2017 7:07 pm 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. Report this Post to the Staff
cipster Pillar of the Community United States 2364 Posts	Posted 05/29/2017 7:23 pm 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 Report this Post to the Staff
	Replies: 19 / Views: 4,664	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.22 seconds to rattle this change.