Silver Proof Sets

Thing I feel about proof sets as far as selling later, many hard core numismatic folk collect them but once they all have sets, then you are waiting on the new to get on board and start collection, and those numbers must be far and few between....

I am pretty sure the weasels at QVC and the coin show guy get those sets all day for a REAL nice price and take a hammer to them and sell the silver coins for a HEFTY premium as always. I have even heard the sales guy tell the audience he had been cracking sets open for hours before broadcasting on day, lol....

Not sure that is the best course of action, but one could sell the other non silver pieces loose and dead mint an get what the market will pay for them, which would not be much at all....

I LOVE THEM!!!

Only reason really is because during the 2011 run up, I was picking these up for about $28/oz when silver was floating between 43-44/oz. This was after shipping and taxes too!
I purchased 20 sets, and my original plan was to flip them for gold when silver hit $50, but we all know how that turned out lol.

Some advantages of these sets:

Fractional silver for the preppers
recognizable coinage
comes with approx $1.xx base coins, that, if you have the time, can probably flip them on ebay.

Disadvantages:

Stacking space
recognizable coinage: most people don't know there is a silver proof set, so if they don't see the 64 and under, they might be confused or think you're ripping them off. Doesn't help that the mint also made cupro nickel proof sets as well.

Anyways, I attribute the awesome prices to the quick run up. I scoured ebay, Amazon.com, and just generally searching them on google, and found them at the strangest sites. I bought 10 of them from this Americana Garden variety store. Selling USA painted watering cans, flags, gnomes and what not. Lots of small time dealers on Amazon carry them, so keep an eye out.

I've kept them in their original case. Don't think I have the time to separate and sell them, although rolls of the Sacagawea, bufflo nickel, can go for a good price to bring down your DCA.

I don't know how I would sell them if the time came. Most likely to my regular dealer guy, who said he'll prolly at most just offer me spot + base metal coins. He said that was generous as he really wouldn't want the box and other coins.

When silver was around $30/oz I was picking up the 2000-2006 sets that have roughly 1.34 oz of silver for $40-42. The '07 on up were about $5 more as they had the 4 proof Presidential dollars as well. I thought they were a good buy because I was getting mint state proof silver for the same price as lower grade pre-64 silver.

For the sake of space I think I might take Hawk and Vinny's advice and start stacking the silver and unload the cents, nickels, dollars, and packaging to hopefully lower my costs a little bit and free up some room.

I'm not into collecting sets but did buy a roll of proof JFK half dollars from APMEX when they had them on sale for very little more than the same coins in BU condition. Their price has appreciated quite nicely.

I've been looking at the 2012 Year of the Dragon rounds and bars and am considering making a set of bars and a set of rounds of my own. Nothing exotic or anything but it looks interesting to me and the prices on these bars and rounds is decent.