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Replies: 54 / Views: 12,346 |
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Valued Member
India
78 Posts |
I request all senior members as well as newbies to express their views on collecting proof coins...
Is it worth the money spent?
Thank you
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Pillar of the Community
Canada
1731 Posts |
Ive bought only 1 proof set and its the new 1812 set from Canada. The reason I bought it is because of the penny. Because it is made out of silver and gold plated. But other than that I don't collect them. I would rather buy a different thing like a coin or a key date
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Pillar of the Community
United States
1374 Posts |
I'm on the hunt for my first "real" proof coin. An Indian Head cent with the orange peel affect. The only proofs I will be collecting are classics.
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Pillar of the Community
Canada
1610 Posts |
I don't mind proof coins and find most of them very nice. It doesn't alter the original coin or it's design (like when people color coins), it's made by polished dies. Same thing with specimen coins.
I must have over 70 proof and specimen coins up to now, I have 6 proof sets and 3 specimen sets.
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Pillar of the Community
Australia
7096 Posts |
I love proof coins they are stunning, they are also the best of the best that come out of the mint. The extra care and detailing on these coins really shows up in the end product  
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Pillar of the Community
Australia
841 Posts |
 they are really nice and I like them a lot and they also take a way better pic, but when talking to a dealer in lismore the other week he told me that they take to long to gain value so it depends if your wanting to buy because you like it or for profit..so it's all up to you  He said mint or baby sets out here are the go for gaining value.
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Valued Member
United States
362 Posts |
Is it money well spent? Well I guess it depends on what strikes your fancy. If you like the different look of proof coins and collect them, then sure.
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Pillar of the Community
Australia
7096 Posts |
Quote: but when talking to a dealer in lismore the other week he told me that they take to long to gain value so it depends if your wanting to buy because you like it or for profit..so it's all up to you He said mint or baby sets out here are the go for gaining value.
It's never been about the money with me. its all about the coins. and mint sets are my favorite things to open up and put in my albums. I can't see the point of having the sets intact and not being able to access your coins due to them being imprisoned in plastic . They may well have more value as a set but that is not the way I collect coins
Edited by trout1105 03/10/2012 11:18 pm
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Pillar of the Community
Australia
841 Posts |
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Valued Member
 India
78 Posts |
@trout
I have similar view as you...
I am quoting Peter , another coin community member
" Is a perfectly healthy and complete baby in any way better than a teenager who has payed outside, tired, scratched, bleeding at the knee and hungry or an old man, whose lifetime of hard work shows on his face? Shouldn't character, experience and having stories to tell account for something?"
Nice right? :)
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Pillar of the Community
United States
1150 Posts |
The only proof set I've bought that was worth its salt was a U.S. 1939 set that I gave my grandpa (that was his birth year). Otherwise, I can take 'em or leave 'em.
I don't even bother looking at the proof set from my year, 1980, 'cause its not much to look at, but I will drive an hour away to see my grandpa's!
Its all a matter of taste and budget however. I've seen some GORGEOUS classic US proof coins that I would really want, but most of the recent stuff has no character.
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Pillar of the Community
United States
1374 Posts |
Personally, I would never buy proof sets from the mint. For example, my dealer sells US clad proof sets for 3-6 bucks a pop. From the mint, they were several times that price. So for collecting modern proofs, my suggestion would be to collect up to a couple of years ago. For instance, many of the silver commems that are produced by the US mint sell for spot 3-4 years after their release.
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Bedrock of the Community
Australia
21786 Posts |
Collect both. They both have a legitimate part in a collection. How you organise them in your collection is up to you.
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Pillar of the Community
Australia
585 Posts |
Proof was never intended for circulation and in my opinion it isn't a real coin. The main purpose of Proof coins is to lure out money from collectors. 
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Valued Member
United States
259 Posts |
just one guy's opinion, but proof coins are just gilding the lilly. They are nice looking, but cost a large premium that isn't worth it, IMHO.
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Pillar of the Community
United States
7187 Posts |
I enjoy collecting proof coins as well as circulating coins. I stick mostly to silver and have all silver proof sets from 1992 to date, all modern commemorative dollars, and ASE (except 1995 w) mostly purchased from the mint. I would like to add an Indian Head cent, Barber half, and Mercury dime to my set. The draw back I have with the proofs is they are fragile and stains, prints, and fog are often a detraction to the original beauty of the coins. With that I have kept my modern proof in the capsules provided by the mint and have not found a display method that I can utilize. They are stacked in their government boxes and are cumbersome to view. You cannot deny the beauty of a frosted cameo proof coin.   
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Replies: 54 / Views: 12,346 |