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Proof Silver Kennedy's May Have A Future?

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New Member
United States
40 Posts
 Posted 08/11/2021  6:09 pm  Show Profile   Bookmark this reply Add jmgi2020 to your friends list Get a Link to this Reply

Quote:
Franklins are probably best for stacking.


For half dollars, I would agree, and the 64 Kennedy's.
Pillar of the Community
United States
1805 Posts
 Posted 08/12/2021  2:21 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
People hate moderns.

Well, more accurately old timers hate moderns and most of the younger people who began collecting between 1965 and 1998 hate moderns. The difference in price is largely caused by this. But things are changing as old timers are retiring and being replaced by young collectors. Millions of younger adults and children who began collecting the "new" quarters (the '99 is a generation old now) don't hate modern at all and a larger percentage are collecting them. This is already stressing supplies of mint set made since 1964 and some proof sets. As more retailers get involved and more collectors who used to find their coins in mint sets find they have to buy singles there will be a massive "filling the supply pipeline". This will stress supplies even further.

Don't invest in any coin but if you are interested in any moderns now is the time to acquire them because most prices are still at rock bottom (you can buy 90% silver proofs at melt) and those on the way up are not coming back down for the foreseeable future.

Edited by cladking
08/12/2021 5:00 pm
Valued Member
United States
205 Posts
 Posted 08/12/2021  4:11 pm  Show Profile   Bookmark this reply Add Raised on rock to your friends list Get a Link to this Reply
How old do you have to be, to be an old timer? LOL
Pillar of the Community
United States
1805 Posts
 Posted 08/12/2021  5:05 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Age is always a state of mind but I consider coin collectors over 50 to be "old timers". Most are baby boomers. Normally "50" is still pretty young but in coin collecting I think they need to be grouped with the older collectors because we all share so many perspectives.

Some younger collectors are "old timers" as well and especially those who started collecting from the mid-'80's to mid-'90's but there are few enough to stick them in with the younger collectors and not destroy the meaning of the terms.
Time don't fly, it bounds and leaps.
Bedrock of the Community
United States
17557 Posts
 Posted 08/12/2021  6:17 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
How old do you have to be, to be an old timer? LOL

Well for starters you have to be about 60 years old to even remember silver in everyday circulation. If you are much younger that that, why have a fascination for silver and a hated of clad? You've never used anything but clad.
Gary Schmidt
Pillar of the Community
United States
6394 Posts
 Posted 08/12/2021  11:14 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
Well, I'm an "old timer" but I do like many modern coins but dislike clad coins. I like modern silver proof sets, American Silver Eagles and silver and gold modern commemorative coins.
Valued Member
United States
205 Posts
 Posted 08/13/2021  10:31 am  Show Profile   Bookmark this reply Add Raised on rock to your friends list Get a Link to this Reply
According to cladking's description, I am for sure an old timer. My main collections start with the Barbers and Indian heads, but I still have that urge to fill holes with the moderns.
New Member
United States
40 Posts
 Posted 09/30/2021  8:22 pm  Show Profile   Bookmark this reply Add jmgi2020 to your friends list Get a Link to this Reply

Quote:
Don't invest in any coin but if you are interested in any moderns now is the time to acquire them because most prices are still at rock bottom (you can buy 90% silver proofs at melt) and those on the way up are not coming back down for the foreseeable future.


I don't know of anyone selling the 90% silver proofs at melt, unless they were run over by a truck.
Pillar of the Community
United States
1805 Posts
 Posted 10/01/2021  08:59 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
I don't know of anyone selling the 90% silver proofs at melt, unless they were run over by a truck.


I probably should have said "based on melt" and it's been some years since I've seen this price.

Wholesale prices can be pretty low on some things. With the low mintage of the silver proofs and increasing demand it would hardly be surprising if a market is developing here.
Time don't fly, it bounds and leaps.
New Member
United States
40 Posts
 Posted 10/02/2021  8:17 pm  Show Profile   Bookmark this reply Add jmgi2020 to your friends list Get a Link to this Reply

Quote:
With the low mintage of the silver proofs and increasing demand it would hardly be surprising if a market is developing here.


I'm with you on that. I haven't been to a good coin show in quite a while, but on Ebay at least, I'm amazed at the prices being paid for the raw silver proofs of the last 10 years.
Edited by jmgi2020
10/02/2021 8:18 pm
Pillar of the Community
United States
1727 Posts
 Posted 10/02/2021  8:27 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Don't forget that for sellers to make a profit on eBay, they must price their coins at least 10-15% higher (than melt) in order to recoup the eBay fees.
New Member
United States
40 Posts
 Posted 10/02/2021  8:32 pm  Show Profile   Bookmark this reply Add jmgi2020 to your friends list Get a Link to this Reply

Quote:
Don't forget that for sellers to make a profit on eBay, they must price their coins at least 10-15% higher (than melt) in order to recoup the eBay fees.


That's true. I guess I need to hit a coin show, that would give me a better idea of the true prices being paid for them.
Valued Member
United States
100 Posts
 Posted 10/12/2021  10:34 pm  Show Profile   Bookmark this reply Add Fig to your friends list Get a Link to this Reply
Sounds good to me I have 1,1967 silver Kennedy,price increase would make me happy.
New Member
United States
40 Posts
 Posted 10/13/2021  6:35 pm  Show Profile   Bookmark this reply Add jmgi2020 to your friends list Get a Link to this Reply

Quote:
Well, I'm an "old timer" but I do like many modern coins but dislike clad coins. I like modern silver proof sets, American Silver Eagles and silver and gold modern commemorative coins.


I will second you on the modern silver proof sets

If you can get the complete proof set, or even the stand alone quarter sets for a real good price, they make great coins for your silver stack, but they have to be as close to melt as possible. The deals are out there.
Valued Member
United States
227 Posts
 Posted 11/13/2021  09:29 am  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply
Made my weekly 90% purchase 2 days ago. I decided to buy halves as no Britannia's or Maple Leafs available. There were 5 90% Kennedy Proofs among them so how I could I pass them up. 1993x1, 1996x1, 2005x1, 2010x2.
So melt seems to be higher than numismatic value. Into the stack they go.
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