Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Noob Here, Ae 4 Gold Coin Proof Set

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 12 / Views: 651Next Topic  
New Member

United States
4 Posts
 Posted 03/06/2021  12:22 am Show Profile   Bookmark this topic Add pkluck to your friends list Get a Link to this Message
I like coin collecting and collect what I like but when I die I wouldn't mind passing some profit to my kids. Does the AE gold 4 coin proof set coming out 3-11-21 have any potential profit? In the past I have seen these from 3rd party vendors for sale at less than mint pricing which doesn't make sense to me. Stupid question but I'm a noob. TIA
Pillar of the Community
Learn More...
United States
4587 Posts
 Posted 03/06/2021  12:40 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
2021 maybe one of the lowest 4 coins AE proof set limited to 8,200, but this isn't cheap either.

If you have extra money to buy, and willing to take the chance, it can be profitable, then again I'm speculating.


BTW

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
Buy & Trade list
Edited by macmercury
03/06/2021 12:41 am
New Member
United States
4 Posts
 Posted 03/06/2021  12:56 am  Show Profile   Bookmark this reply Add pkluck to your friends list Get a Link to this Reply
Thanks for the response. Question, why in the past can you find these sets after market for less than mint pricing?
Pillar of the Community
Learn More...
United States
4587 Posts
 Posted 03/06/2021  02:15 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Simple demands and supplies, plus gold price fluctuate over time.

These are proof sets, unlike bullion, it has a wider collector based, price wise it doesn't swing as much as the regular bullion coins, but then again like all collectibles, it is no guaranteed it can go up as time passes.

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
Buy & Trade list
Edited by macmercury
03/06/2021 02:20 am
Pillar of the Community
United States
1037 Posts
 Posted 03/06/2021  08:17 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
These are going to cost a lot above gold melt. may be potential short term for a profit but I don't see this as a long term hold (aside from a potential rise in gold spot price)
Bedrock of the Community
Learn More...
United States
56117 Posts
 Posted 03/06/2021  08:52 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply


to the CCF!
Pillar of the Community
Canada
4088 Posts
 Posted 03/06/2021  09:54 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
If this was a Canadian mint issue, I would say it is 99% likely the value would drop in a year.

I don't believe that anyone can reliably predict the value of a mint product in 1 year, let alone 2-30 years. Value beyond the gold is purely a matter of the whims of the collector.

Buy it only if you like it.

Pillar of the Community
United States
1415 Posts
 Posted 03/07/2021  08:48 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
Generally speaking the gold proofs have a higher markup than bullion to buy them from the mint. People aren't willing to pay that additional markup on the secondary market and just paying the melt value with a bit of markup over spot.

Generally speaking proof coins aren't a good investment. They are pretty and aimed at collectors but the mintage usually meets the demand for the GAEs and mostly you find yourself selling them for whatever melt is down the road.

If you are looking for something this year with potential, but it's going to depend on mintage and exact product details which are unknown, I've been speculating on thsee two products as potential winners:

https://catalog.usmint.gov/american...uct-schedule

https://catalog.usmint.gov/american...uct-schedule

The 2nd I'm thinking about more than the first one which just seems to be the old and the new Ws you can buy in the 4 coin sets or individually. It doesn't look like it's anything special.

I'm speculating that the reverse proof 2 coin silver eagle set will have a 2021 S reverse proof silver eagle with the new reverse and silver Eagles being so popular to collect, if the mintage is low enough it will be hard to acquire a decade later for completists getting into the new silver eagle reverses and trying to catch up.

The gold Eagle 10th Oz 2 coin set I believe will be two 10th Oz. Gold Eagles which they are producing and offing in a 4 coin set or as singles. Unless they did something different with the finish it's just going to be one of each 10th Oz gold Eagles with a w mint mark and nothing special.

but they havent announced details on either one. Either way it goes, the silver eagle set is going to be reverse proofs and I think one old reverse and one new reverse. It SHOULD be a win unless they make tons and tons of them.
Last RP of old design first RP of new design.

I'm not a fan of the gold eagle proofs. There not much collector interest and as such 5hey end up selling for less than mint issued price and closer to bullion prices down the road. There's nothing "hot" outside of the PR70s.
Edited by Big-Kingdom
03/07/2021 08:55 am
Bedrock of the Community
United States
10933 Posts
 Posted 03/07/2021  10:38 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Good thoughts by Big-Kingdom, and I definitely agree with the spot value being the main way these coins will appreciate. For reference, spot was somewhere around $290 in March of 2000 when I started collecting. The last gold I bought was in 2019 when spot was ~$1,300. Of course there's no guarantee that gold will continue to perform like that but almost my entire gold collection from the US Mint is in the black just from spot increase.

That said, it's possible that these will have a little more value given that they're the last of the series.
Pillar of the Community
United States
765 Posts
 Posted 03/07/2021  1:49 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
I can buy proof gold from my bullion dealer for about the same as MS.
Pillar of the Community
United States
1046 Posts
 Posted 03/08/2021  10:46 am  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Welcome! First, there are no "stupid" questions. So ask away. As for a future value, those above have more or less summed it up in that they should relate to the gold spot at the time of a resale, with a slight premium. While buying on the secondary at lower than issue is always your best avenue for your needs, you should keep in mind that mintage figures play a larger role at times. A low mintage will almost always exceed that of an figure. The trick is guessing that the current year would be such. Another option, aside from the AGE's are commemoratives. Many of these pay out greater in the long term. As an example, I bought a 2016 100th Anniversary Walking Liberty half gold proof commemorative last year for $637.00 and currently they are trending at around $1000. Same with the dime and quarter that I also bought.
ANA member
PAN Member
BCCS Member

There's no problem only solutions - the late, great John Lennon
Edited by Ballyhoo
03/08/2021 10:49 am
Pillar of the Community
United States
1111 Posts
 Posted 03/08/2021  10:55 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
I plan on 'attempting' to buy this set. But I'm more of a collector right now than I'm an investor for the future..
Collecting since 1972. Learning from then on
"Tell me and I forget. Teach me and I remember. Involve me and I learn." -Benjamin Franklin
My Dansco 7070 type set coin count: 31/76
My Dansco 8176 Eisenhower set coin count: 36/36
Moderator
Learn More...
United States
98386 Posts
 Posted 03/08/2021  12:12 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your post was moved to the appropriate forum for the proper attention.
  Previous TopicReplies: 12 / Views: 651Next Topic  
 
To participate in the forum you must log in or register.





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 - 2021 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 © 2005 - 2021 Coin Community Forums
It took 0.69 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05