| Author |
 Replies: 23 / Views: 4,039 |
|
Valued Member
United States
458 Posts |
Hey everyone  My Grandfather left me a 1964 Mint Proof Set in original envelope with the original COA. And it really caught my eye. Especially since I browsed ebay and realized that these sell for around the price of melt. That is, until you go further back in time and the coins in the proof set become more valuable. I've obtained 1964, 1963, 1962, 1961, & 1960 Proof Sets in their original envelopes with COAs, and will continue going back in time with these. They are just so gorgeous in their mint state. My question to the wise community of CCF is this: Are these a good investment for the future? My thought is yes. What is your thought on this matter?  Happy Collecting  |
|
|
|
Pillar of the Community
Australia
7096 Posts |
As long as the coins give you pleasure and make you happy, Then they are a great investment  . |
|
Valued Member
 United States
458 Posts |
Haha true true. I just enjoy the fact that having them in a series makes it a "collection", and they are easily obtainable on ebay for a fair price. 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! |
|
Pillar of the Community
United States
3184 Posts |
If you enjoy it, then do it! They can be had for close to melt value or a bit over but they are neat
|
|
Pillar of the Community
United States
1302 Posts |
the sets probably will not appreciate too much from where they are now. they are common up until about 1950-1951. Sets before this are getting scarce and will cost a couple hundred dollars. I think the key to sets of this vintage and earlier are high grade pieces. having said that, collect what you want to collect- but know going into this area that you are doing it because you like the coins and not because you expect to double or triple your money in five or ten years. even with silver costing what it does, the going price of a 1963 or 1964 proof set is about the same as it was ten years ago.
|
|
Pillar of the Community
United States
2295 Posts |
Collect what you like, is your best bet, but since more and more people are breaking these sets up, the demand for the sets will go up too. Hopefully increasing the demand and hence the value of them. The sets from 1952-55 aren't that common either. They are much more expensive than the ones you own and go up slightly each decade or so. Save up for a 1942 set and you'll be amazed to see a proof Mercury dime or a Walking half. They are expensive, but really nice to have! |
|
Valued Member
United States
458 Posts |
Great posts :)
Yeah I definitely collect them because I enjoy them, not because I am hoping to double my money. That would just be a perk :-)
|
|
Pillar of the Community
United States
8516 Posts |
Yeah a 52 will set you back a couple hundred plus.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
|
|
Pillar of the Community
United States
561 Posts |
Most importantly collect what you enjoy! If you follow this rule I don't think you can go wrong.
If you are "investing" to make a profit I am not sure coins are the best idea. Proof sets don't seem to appreciate much but given the population is likely to decrease not increase who knows.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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  |
|
Pillar of the Community
United States
3278 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.
|
|
Pillar of the Community
United States
959 Posts |
Quote:
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. |
| |
Replies: 23 / Views: 4,039 |
Posted 05/31/2012 01:40 am
