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Silver In Modern Commemoratives

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BadToTheBone's Avatar
United States
1795 Posts
 Posted 09/04/2012  9:33 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
I collect the Gov. Issues I like plus I will get a Cameo Proof of my favorites.
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aalmcc4's Avatar
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 Posted 09/05/2012  8:19 pm  Show Profile   Bookmark this reply Add aalmcc4 to your friends list Get a Link to this Reply
Hmmm......it seems that the "uncirculated" or MS coins are more "expensive/desireable" than the proofs.? Acknowledging that I'm a newbie, I would think it would be the other way around.
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basebal21's Avatar
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 Posted 09/05/2012  8:21 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Aalmcc as far as which is more expensive it all really depends on what you want. As an entire set the proofs are generally more expensive especially if you do a graded 70 set, but individual coins vary whether or not the ms or proof is more expensive.
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commems's Avatar
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12295 Posts
 Posted 09/05/2012  9:46 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@basebal21: Your comments re: the costs of Proof vs. MS coins surprised me as I've always found that the MS series included the more expensive coins whether you were looking at the half-dollars, dollars or gold coins. I took a look at the most recent Greysheet to see if I was mis-remembering, but the prices listed confirmed what I recalled. While some issues are priced roughly the same for either an MS or a Proof coin, the keys within the MS set are far more expensive than their Proof counterparts. Where are you seeing Proofs go for more than MS coins?

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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basebal21's Avatar
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 Posted 09/05/2012  10:17 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Commems my comments might only be applicable to the graded 70 dollars as a whole set. On second thought it may actually be true that the ms do usually go for more as theres a couple of the proofs that go for big money that may be over influencing the overall price. 6 of the proof dollars have populations under 20 with 4 of those being under 10 but the MS also has 6 coins with pops under 20 for the dollars.

The proof 70 high jump is so expensive compared to the rest it really does throw everything off looking at overall set prices. I may have also been over influenced by ebay asking prices of late in my searches without actually checking how many of them are selling. Looking at it now you are right (surprising I know ) more of the ms coins go for more than the proofs, but I think the highest priced individual coin of both series is a proof.

Ive actually been working a lot on my modern 70 half dollar set of late, and I could just be getting lucky, but I've had a MUCH easier time locating reasonably priced MS halfs than the PF ones. Theres two exceptions to that being the Army half and the Washington half as PCGS MS 70s do not exist for them. As far as the others only 3 of the MS have populations lower than 25 or lower only 1 lower than 20 while the proofs have 8 25 or lower and 4 lower than 20.

Looking back I should have specified that I was talking about the pcgs 70s as I am unfamiliar with a lot of the raw prices.
Edited by basebal21
09/05/2012 10:17 pm
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commems's Avatar
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12295 Posts
 Posted 09/05/2012  11:44 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@basebal21: OK, I understand now. Thanks!



Quote:
...it seems that the "uncirculated" or MS coins are more "expensive/desireable" than the proofs.? Acknowledging that I'm a newbie, I would think it would be the other way around.


I think it's best to separate "more expensive" from "more desirable" when examining the modern series as the market dynamic for each is different.

If you were to compare the mintages of Proof coins vs. MS coins, you would find that the MS mintages are lower for just about every coin (the 1998 Robert F. Kennedy silver dollar is one exception). So, at the time of issue, the Proof coins could be considered to have been "more desirable" by collectors as they outsold the MS versions. On the secondary market, however, the fact that there are fewer MS coins available for each issue makes them a little more difficult to obtain and thus they can command a higher selling price (i.e., are "more expensive").

My preference has been to collect the MS coins.

Hope that helps!

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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GR58's Avatar
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11951 Posts
 Posted 09/06/2012  9:18 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Interesting discussion.

I am in the same camp as commems, in that the BU commemorative dollars are the set to collect.

basbal21 .. it is also interesting about the 1996 High Jump in PR70. Numismedia.com has it priced at over $13,000.

My first impression is that, as more collectors see this price is so high, there will be more coins sent in to be graded. "IF" that does happen we could see this price drop.

With a mintage of 124,502, there is a good possibility there are a lot more PR70 coins out there.
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