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 Replies: 23 / Views: 4,049 |
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Bedrock of the Community
United States
20753 Posts |
Regardless of what anything is worth, if it was left to you by someone, they thought enough of you to leave it to you. That alone makes it worth keeping forever. It could be worth a dollar or a million. So what. It didn't cost you anything and is an item to always remember a gradfather for.
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Pillar of the Community
United States
561 Posts |
just_carl is 100% correct. I can't imagine ever parting with anything that was left to me by a loved one. I was simply speaking to the idea of purchasing more as an "investment". I will also stand by my comments on buying what you like. I have purchased coins that were solely for my collection and I don't really worry about what they are worth because they are not going anywhere except to my kids when I pass (hopefully many, many years from now). I have also purchased coins and bullion that I view as "investment" pieces and I am speculating that at some point down the road I will be able to part with them at a profit (probably to purchase more for my collection). As long as you know which side you are on I don't think you can make too many mistakes.
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Valued Member
 United States
458 Posts |
My entire collection all started bc of my Gramps, so he will always be in mind.
I was just curious as to if these will appreciate in value down the road.
Reasons that this could happen...
Silver goes up.
More and more coins are being melted, so coins in Mint condition would be valued higher than those well worn.
Mint sets are broken up all the time because there is a certain coin a collector wants. I considered doing this, but decided against it.
And I'm sure that there are many other reasons that I have not considered.
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Pillar of the Community
United States
1817 Posts |
The '56-'64 proof sets are pretty inexpensive, once you hit '54 and earlier they get expensive fast, particularly the halves. But a worthwhile collecting endeavor nonetheless, and having a proof run is really impressive looking. You might want to cherry pick the silver coins particularly, as the standard finish was mirror based, not at all like today's vapor blasted cameo proofs. Cameos are rare in the '50-'64 run, and are accidental, first coins minted from a brand new or just polished die.
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Valued Member
United States
458 Posts |
"But a worthwhile collecting endeavor nonetheless, and having a proof run is really impressive looking."  I would just love to lay em all out in a row and take in the amazingness  Yeah I see that Pre-1954 get really expensive. Guess that's a good reason for me to start at 1964 and go back in time, eh?  Looks like I need to work more and play less so that I can fund this little project  |
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Pillar of the Community
United States
3283 Posts |
I'm a fan of proof coins and think saving the sets is a must do.
Will they appreciate in value? It doesn't seem like it but one would think so,
with sets being broke up and whatnot. Save what you like, spend expendable income and some day
you will realize you still have all the cash spent on coins and more, instead of
wondering where it all went.
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Pillar of the Community
United States
959 Posts |
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Guess thats a good reason for me to start at 1964 and and go back in time,eh? Or maybe start at 1950 and work forward. The early sets will go up in price much faster than the later ones. |
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Bedrock of the Community
United States
20753 Posts |
I too have a pile of Proof sets from about somewhere in the 50's to present. I give a set to many people for Christmas Presents every year. I also include a copy of the latest Red Book. If you think about how much time, effort, money, etc., you go through trying to find the right Christmas Presents, a Proof set is so much easier. And once you start that tradition, if the people are normal, you'll aways be remembered by those. I am a grandfather and hopefully I'll be remembered due to those Proof sets. |
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Bedrock of the Community
United States
17884 Posts |
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In 20+ years, having a "set" of proof sets would probably sell for more than what I am paying now for them. Or at least that's what I'm hoping! You might, but the question would be will the growth be more or less than the rate of inflation? Chances are good they won't. It can also depend on when you buy them. If you bought them in late 1979, over 30 years ago, you would find they are worth LESS today than they were then. If you bought them in 79 they would have to be nearly $70 each today just to break even. If you had bought them directly from the mint, you would be ahead of the official rate of inflation right now by about 1% per annum. If you bought them in July of 2010 you would be well ahead right now. But they have been going down since March of 2011. The problem with these sets is their value is pretty much tied directly to the melt value. |
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Pillar of the Community
United States
1316 Posts |
I think for investment to get the whole run would be good, early dates come in ugly plastic, folded in put in a box, that's why you see a lot in a Capital holders. I have a old Dansco album holds 1957 to 1964 or what ever you want, have been cherry picking them for yrs, nice little set.. Good luck....  |
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Valued Member
United States
458 Posts |
Yeah starting at 1950 and going up would be a good idea if I had that kind of money floating around  Great posts everyone. Everyone's opinion is helpful  |
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Valued Member
United States
458 Posts |
So I have been in the Florida Keys the last few days, but I've been scooping up Proof Sets like crazy haha.
Bought 1956 - 1963 recently, and I already had the 1964.
Averaging $26 dollars per proof set.
1955 will cost me around $100, so now it gets pricey.
I see that people take their proof coins from a particular year and stick them in their own cases for 1955 and below. I worry about buying those because what if the coins arent really the proofs? Any advice for buying those Proof Sets that have been encased in plastic coin holders? :/
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Bedrock of the Community
13014 Posts |
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I see that people take their proof coins from a particular year and stick them in their own cases for 1955 and below. I worry about buying those because what if the coins arent really the proofs? Any advice for buying those Proof Sets that have been encased in plastic coin holders? :/ Ones that have been removed from the proof case would be risky. Itd basically be the same advice as above, find a trusted dealer or website or stick to slabbed coins where you know its what it says it is |
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Valued Member
United States
458 Posts |
Yeah, I looked around last night and saw that most ppl have the original coins still in the original plastic, just no box.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Any advice for buying those Proof Sets that have been encased in plastic coin holders? :/ Look at a lot of known proof coins from the era until you are able to look at a coin and recognize for yourself the difference between a proof and a MS piece. |
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Replies: 23 / Views: 4,049 |
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Posted 05/31/2012 10:02 pm
