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Pillar of the Community
 United States
4008 Posts |
Quote:
Either way, 27-29x face seems a little high... Yes, it is. OTOH, though, they look really nice, unlike a lot of the beat up looking circulated coins at 25x. Might be able to beat 25x at a local shop but most of the Internet sellers seem to be in this area. Besides... I'm not worried about an x or two here or there. I'd rather HAVE silver than not and when silver is 100x face, the 2-3x difference will be even less. Quote:
Maybe they're finding it easier to buy proof sets than get 90% OTC. Maybe so, Fredd. The price seems reasonable for coins of this quality and appearance. My only qualm was whether or not people would recognize them as silver, given, their recent production dates. Coin people would recognize the "S" mint mark for what it is... silver... and there would be no question as to its silver content. Quote:
Yes, the silver proofs are the way to go if you just want them for the silver. I got a roll a year or so back and at minimum they're much nicer to look at. From the comments here, there seems to be no reason not to get the proofs. I do like the way that they look. They are MUCH nicer looking than the circulated quarters that cost more. |
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Valued Member
United States
410 Posts |
This is the same thing that I found when buying silver on ebay back in August. I could routinely buy US Mint Silver Proof Sets for spot or less while junk 90% coins where going for 5-10% over spot. I would much rather have a very nice proof coin in the US Mint packaging than a plastic zip lock full of worn 90%. I don't worry about selling silver proof coins. I will be selling my proof coins to a dealer, fellow collector, or a jeweler. Any of these people will know that the coins are silver. I also don't buy into the whole return to PM as currency after the collapse of the US dollar theory. |
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Pillar of the Community
United States
1348 Posts |
You could easily just take the silver proof sets into a dealer and exchange them for their "junk bin silver." They won't mind since they sell it for weight alone.
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Pillar of the Community
United States
1205 Posts |
I love proof coins too...the only hassle with resale is the handling issue...it's so easy to smudge them, while unloading and viewing a purchase from a roll...cotton gloves a must, or, I pay the price eventually with a mis-handled coin...for resale, uncirc. coins are easier to handle... I would use production numbers as a defining analysis for purchase..whatever year has the lower mintage would eventually become the most valuable over time, plus, first year of issue..the 1999 State Quarters always seem to have a slightly higher premium then following years... |
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Pillar of the Community
United States
5854 Posts |
I would also go with the proofs hands down. Much scarcer than most of the other quarters, the price will probably hold up better if silver falls, don't have to worry about loss in weight from wear, and the look nicer as well.
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Pillar of the Community
United States
2764 Posts |
Regarding the Proof silver, some have pointed to the fact that many "common silver buyer" will not know they are silver coins (their definition of silver coins are anything minted 1964 or prior) AND many more people collect BU Washington quarter (by building BU set); on the other hand, the advantage is the proof coin look nice, come in mint packaging (can be use as proof of silver content). One thing to realize is that you can never buy Proof silver coin for below melt, you can do that with "junk silver". The price of 25x face value is sure high. I a selling mine at 24x right now (listed on CCF for quite sometime already, don't know why nobody bite.....). Summary: If you like nice looking/quality coins that come with the mint's plastic casing then go with the Proof - pay a little more than melt. If you want most bang for your buck, go with the common 90% coins and buy from other for below melt. |
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Valued Member
United States
410 Posts |
You absolutely can buy silver proof coins below melt. I have done it an ebay. When I say below melt that includes purchase price AND shipping. You just have to be patient. |
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Pillar of the Community
United States
2168 Posts |
Just before the mint stopped selling the proof silver 2010 quarters I purchased for just under spot. The next day they were not available for sale. I realize that silver has since dropped but I basically paid for those 5 quarter 2010 proofs junk price. I try to buy a little at a time so this was my choice when silver was high and still able to bw purchased
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Rest in Peace
United States
9104 Posts |
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Coin people would recognize the "S" mint mark for what it is... silver... and there would be no question as to its silver content Really? Wanna buy a bunch of 1968-date proof sets @ silver spot * 0.65 per? |
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Valued Member
United States
302 Posts |
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Pillar of the Community
United States
2150 Posts |
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Pillar of the Community
United States
4008 Posts |
Thanks to the price drop in silver today, I was able to buy some rolls of the 90% silver Statehood Quarters at a good price. Also got a $100 bag of BU Roosevelt dimes. Can't wait until they show up here in a couple of weeks.  |
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Pillar of the Community
United States
2168 Posts |
That's nice. I'm happy for you. How are they priced? Just curious. I have purchased my junk silver locally and proofs from the mint. I just don't like buying without having the PM in hand. I know the mint isn't in hand but they do let you use a credit card and don't take the $ until shipped. Thanks!
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Valued Member
United States
410 Posts |
Silver proof quarters and a really nice looking way to purchase bullion. Congratulations on your purchase!
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Pillar of the Community
United States
4008 Posts |
Quote:
That's nice. I'm happy for you. How are they priced? Just curious. Thanks, Angel. I'd been looking at these for a while and the time seemed right to buy. I got the rolls for $248 each and the $100 face bag of BU dimes for $2532. Yes, I know that I might have been able to get them a bit cheaper elsewhere but these seemed reasonable and available. I've bought from APMEX 5-6 times and have been satisfied with their prices, quality, and delivery. Fact is, I could have bought some circulated 90% silver coins from APMEX but enjoy looking at NICE coins now and then, so paid a little more for them. Quote:
Silver proof quarters and a really nice looking way to purchase bullion. Congratulations on your purchase! Thanks, JSH. These will very nicely fill a hole at the lower end of my coin and bar collection. The BIG question I will face then is... what now?  |
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Posted 11/16/2011 10:44 am
