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 Replies: 17 / Views: 3,699 |
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Valued Member
Egypt
139 Posts |
So I already have proof sets from 1999 to 2009 and I was thinking why not go big and crazy on all the other proof sets. Which means. in other words, I want to buy all the proof mint sets. 1 for each year. First question is, when was the first proof set made? Is it a good idea? An investment? Oh and last thing, my 1999 to 2009 proof sets were all CLAD, so the question is, in previous years were there Silver and CLAD sets too? Thanks a lot :)
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Bedrock of the Community
13014 Posts |
I believe the silver ones started in 1992. The first offical proof set was in 36 but much smaller than the ones today from what I can find and there are certain years that are missing. They get VERY expensive compared to their modern counter parts somewhere in the early 60s I believe
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Pillar of the Community
United States
2150 Posts |
Proof coins have been struck for a long time. For a basic collection though proof sets were struck from 1936-1942 then again from 1950-1964 then again in 1968-present. The 1936-1942 are gonna be very pricey. Most average collectors will start at 1950. 1950-1964 contained 90% silver halves, quarters and dimes. 1968-1970 the halves contain 40% silver the rest of the coins are clad. In 1992 the mint began striking silver proof sets again which contained the 90% halves, quarters and dimes along side the regular clad proof sets which continue through today.
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Valued Member
 Egypt
139 Posts |
This information is really helpful jokingjoker and basebal21. Thanks a lot guys :) I guess I will start collecting from 1950 to 1998 and leave the 1936 to 1942 for later on :D
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Pillar of the Community
United States
745 Posts |
do the 1992-1998 mint silver proof sets,  then do 1970-1950 with silver... forget the the regular clad proof sets; they are big money losers!  Edited by Penny4Me
06/22/2012 6:51 pm
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Pillar of the Community
United States
593 Posts |
If you're looking backwards, you can go back to 1968 and get Proof clad sets with the S mint mark. They come in a sealed case like your modern proofs. There is at least one "Buy It Now" for 1968-1998 Proof Sets on ebay for $200. In 1965, 1966, and 1967 there were only Special Mint Sets (no Proof sets OR uncirculated mint sets). 1965 was packaged like the uncirculated sets. 1966 and 1967 were in a long rectangular sealed case. Those three sets go for about $30. Prior to 1965 the proof sets have 90% silver content of the dime, quarter and half dollar, so silver prices affect what you pay. This is true back to about 1959. Prior to that the price starts to climb dramatically. My 2011 Red Book has the 1959 Proof Set at $27 and the 1936 Proof Set at $7,750. |
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Pillar of the Community
United States
1770 Posts |
go with the silver proof sets 1992 to present before trying the 1970 ( half dollar was 40% silver ) and below sets thats how I originally did it
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Rest in Peace
United States
10625 Posts |
You could purchase proof sets from the mint almost as far back as proofs were struck, well back into the 1800's.  As already posted, the 1950 proof set is the earliest affordable set. |
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Pillar of the Community
United States
787 Posts |
For investment purposes, I would try to get the older sets with more numismatic value. If silver takes a nose dive
I think they are better choices. Even if silver increases, stronger numismatic coins tend to increase in value over time.
The newer sets will be too heavily influenced by the price of silver in my opinion.
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Valued Member
Egypt
139 Posts |
Ok so to make this clear, Silver proof sets were only made since 1992 onward. Before that there was no silver proof sets right? I searched and I found out that proof sets from 1968 to 1998 will cost about $200 and the sets from 1965 to 1967 will be about $30. So both will be about $230. Is that good enough?
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Pillar of the Community
United States
7191 Posts |
I developed my proof sets from my birth year forward 1958. I did decide to only order the silver set from the mint and have stopped collecting all clad coins. Many of the clad proof sets are low cost and low value but if you want a full set you will need a few. A few additional notes: the 1971 and 1972 proof set do not contain the Eisenhower dollar, they were available separate in 40% silver. in 1973 it was in the clad proof set and continued through 1978. There is a three coin 40% proof set for the bicentennial year 1976 that contains the only 40% quarter produced by the mint. The 1975 proof set had the bicentennial quarter, half and dollar in clad. |
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Bedrock of the Community
13014 Posts |
Quote:
Ok so to make this clear, Silver proof sets were only made since 1992 onward. Before that there was no silver proof sets right? I searched and I found out that proof sets from 1968 to 1998 will cost about $200 and the sets from 1965 to 1967 will be about $30. So both will be about $230. Is that good enough? The official mint silver proof set line did start in 92 but some of the older sets are basically silver ones by default since some of the coins did contain silver at the time. |
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Pillar of the Community
United States
745 Posts |
official mint silver proof sets are 1992-2012...
1995 & 1999 are lower mintage/higher cost sets.
then from 1950-1964 silver proof sets !
1965-1970 only contain a 40% silver Half
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Valued Member
Egypt
139 Posts |
Thanks a lot guys :D I know where to start now :P
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Pillar of the Community
United States
593 Posts |
If you're looking at proof sets from '68 to '98, what muddler said is important. You will be missing the '71 and '72 Ikes. Those are easily bought in a case similar to the proof sets. Just search for "Brown Ikes". They run about $15 each due to 40% silver content.
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Bedrock of the Community
United States
20753 Posts |
I've been collecting Proof sets for a long time. I started collecting them in the 50's. Every year I orcer many of them for Christmas presents. I've got both the regualar and the Silver ones and some in multiples of sets. I had to take them all out of the original shipping packages from the Mint due to them taking up so much room. They are presently in several large boxes that no one ever sees including myself. I once estamated well over $5,000 worth and possibly more.
The point of this is now what? To many to look at. To many do display and to dangerous to display coins anyway. They take up a lot of room. And then there is the worst part. Possible resale. Just for the fun of it I took a list of them all and asked several dealers at coin shows what they would pay for them all. Best offer was $1800.00 And that was the best offer too.
So if your thinking of purchasing a pile of proof sets for and envestment, your wasting a lot of money. Just not a great item for an investment.
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Replies: 17 / Views: 3,699 |
Posted 06/22/2012 5:53 pm
