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Opinion - Are You Getting The 2023 Silver Proof Set With Its Price Tage Of $130 And No Mintage Limit

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 Posted 06/09/2023  10:06 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
...the 1992-1998 were the prestige sets, the ones that fold like a triangle.
You mean the Premier Silver proof sets. The Prestige sets were clad proof sets with a silver commemorative dollar and (sometimes) a commemorative half dollar.

https://www.coincommunity.com/us_pr...-premier.asp
https://www.coincommunity.com/us_pr...prestige.asp
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 Posted 06/09/2023  11:34 am  Show Profile   Bookmark this reply Add morgans dad to your friends list Get a Link to this Reply
The Correct Nomenclature ........
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 Posted 06/09/2023  11:38 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yeah, it is really easy to confuse the two similar words.
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 Posted 06/10/2023  4:00 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

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I read at CoinWorld the US Mint plans NOT to set a mintage limit for the 2023 Silver Proof set with its price tag of $130.

The price is high (+$95 over the clad set for less than 1 1/2 ozt of Ag) but I think the no mintage limit is consistent with past year's sets. At least, I don't recall there being a mintage limit on past year's silver proof sets. Is this different than what has been done in the past?

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 Posted 06/10/2023  4:41 pm  Show Profile   Bookmark this reply Add GLB49 to your friends list Get a Link to this Reply
Previously I've ordered three or six sets but with the price of the 2023 set it will definitely only be three.
As far as working backwards, I'm back to 2016 so far.
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 Posted 06/10/2023  8:47 pm  Show Profile   Bookmark this reply Add GLB49 to your friends list Get a Link to this Reply

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Hmm, you have a Looonnggg way to go G

I'll definitely have a stopping point, I just haven't thought about how far I'll go back. Every now and then when the mood strikes me I'll order a couple of years and I'll see where I end up.
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 Posted 06/10/2023  11:00 pm  Show Profile   Bookmark this reply Add GLB49 to your friends list Get a Link to this Reply

Quote:
My stopping point was 1950

That's way out of my reach. I was thinking maybe 2000 and that's a big maybe considering three of each set.
This is a side project because I will still be buying the coins I'm collecting now like ASE, Libertad, Krugerrand, etc.
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 Posted 06/11/2023  12:22 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

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@Celtic:
I believe that the OP (coinnewcomer1) is asking about the Silver proof SET not the Limited Edition Silver Proof Set.

A very late response to this @Dearborn, but you're correct. I confused the OP's intent with the LESPS.

I think I will still get one of the regular silver sets. Maybe. I do need to adjust my subscription down to 1. Also I'm getting zero LESPS, if anyone cares.
Edited by CelticKnot
06/11/2023 12:23 am
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 Posted 06/11/2023  03:11 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Some would see this as not a good investment, long term.
Others would get this set, irrespective of the price.

I guess that is the difference between
an investor in their coin collecting hobby, and
one who loves their coin collecting hobby.

I guess that most of us are somewhere between these two types of individuals.

I stopped collecting NCLT about 25 years ago.
Pricewise, my experience is that most (not all)) NCLT,
doesn't do well in the numismatic aftermarket, despite the fancy packaging.
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 Posted 06/12/2023  09:18 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I have an investment portfolio. My coins are not in it.
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 Posted 06/12/2023  12:12 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
Pricewise, my experience is that most (not all)) NCLT,
doesn't do well in the numismatic aftermarket, despite the fancy packaging.

For sure, and in most cases (as you mentioned) that's accurate, in large part due to the quantities produced. As the sage Pawn Stars boys say, anything that's produced with the intention of being collected usually isn't collectible.

But that goes to your other point, many of us collect for the joy of collecting itself, not as an investment. That said, the surging prices of US Mint products has taken a lot of the joy out of it for me. I'm teetering on shifting/narrowing the focus of my collection or abandoning modern US coins completely. Doing so would free up quite a bit of cash flow annually. You know, for trivial things like car payments and college tuition.
Edited by CelticKnot
06/12/2023 12:13 pm
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 Posted 06/12/2023  12:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
But that goes to your other point, many of us collect for the joy of collecting itself, not as an investment.
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 Posted 06/12/2023  3:59 pm  Show Profile   Bookmark this reply Add morgans dad to your friends list Get a Link to this Reply
Celtic,
I enjoyed reading your post, It Hits home, on a Few Levels.

I collect for the Enjoyment We All Seek and Love in Numismatics. I have learned More in the Numismatic World AFTER Traditional High School College, Night School Learning. I WISH this Topic was Taught in School Growing Up.... I could of Secured My 1955 Double Die Lincoln Cent Much Sooner, Had I Known !!!! I use the Numismatic Knowledge to Invest and Secure My Collections , I collect the U S Mint's Proof and Mints Sets, Have been and I believe I am at the 1941-1942 Sets. I Love the All Original Packaging and Literature.

I too Well be getting or Placing My orders for the 2023 Silver Proof Sets.....
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