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 Replies: 16 / Views: 3,042 |
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Valued Member
United States
154 Posts |
I'm thinking of getting a 2012 proof set from the mint. Will it be cheaper to get it now from the government, or wait and buy it from someone else? Do they lose value quickly, or would I have to wait years before the price comes down?
Thank you all for your knowledge and sage advice :)
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Bedrock of the Community
13014 Posts |
Theyre almost always cheaper on the after market. So many are produced dealers usually end up with a glut of them. Not sure how fast they lose value but you can get the 18 coin 2009 set for the same price as the 14 coin 2012 set is currently being sold by the mint and thats from an online dealer where the prices are usually higher than they should be. If you go back before 2009 most of the 2000 sets are pretty cheap. If you really want it Id just get it as you wont save a ton of money and they usually do seem to hold value as long as the mint sells them, but it is possible to get it cheaper especially if a local shop ends up with a lot of them
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Pillar of the Community
United States
1027 Posts |
Specially qualified large volume buyers get a 5% discount and pay 1% shipping on numismatic products do they can sell them for slightly less than the mint and still eek out a small profit.
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Pillar of the Community
United States
526 Posts |
The only example that I can think of all the top of my head where the sets actually increased in value was the 1999 Silver Proof set of State Quarters. I ended up paying nearly $129.00 dollars for that set to complete my collection. Edited by Freedom
09/29/2012 09:32 am
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Valued Member
United States
70 Posts |
You're better off ordering directly from the Mint as you will pay the issue price plus shipping.
After market, sellers combine the issue price and shipping, and most states require sales tax on coins and coin sets. So you'll pay a little more than you would from the Mint, as the Mint does not charge sales tax.
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Valued Member
United States
337 Posts |
I know in other collectible markets (non-coin), the dealers will significantly discount product to get it out of inventory at some point. It sounds like that doesn't happen in the coin market. Anyone been around a long time to confirm that is true?
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Valued Member
United States
70 Posts |
It depends on how long the coin dealer has the item in their inventory.
It's no different than other collectible markets. The dealer's money is tied up in the item until they sell it, hoping for a profit when they do sell. If they've had something in their inventory for a year or more, they may discount it for either a break even amount, or a smaller profit.
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Bedrock of the Community
13014 Posts |
Quote:
the dealers will significantly discount product to get it out of inventory at some point. It sounds like that doesn't happen in the coin market Like BU mentioned it does happen. It all depends on the product and how many they have. It wont happen with rare coins but common coins you can see that happen if they get a lot of that item and it doesn't sell as well as they thought or just got a ton of them cheap for whatever reason. Some places will also significantly over price everything and offer a big discount on everything so you think youre getting a better deal. |
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Valued Member
United States
70 Posts |
Quote:
Like BU mentioned it does happen. It all depends on the product and how many they have. It wont happen with rare coins but common coins you can see that happen if they get a lot of that item and it doesn't sell as well as they thought or just got a ton of them cheap for whatever reason. Some places will also significantly over price everything and offer a big discount on everything so you think youre getting a better deal. +1 Edited by BUncirculated
09/29/2012 5:18 pm
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Bedrock of the Community
13014 Posts |
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The 2010 uncirculated set increased by nearly 50% of the original $31.95 price tag The 2010 Uncirculated set is $28 dollars from Silvertowne. Several other places have it for 28 dollars or less as well |
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Bedrock of the Community
United States
11951 Posts |
IMO .. waiting a couple years, you will see the prices drop on most proof amd mint sets.
last week I bought 10 mint sets, from 2004 through 2009 for face value.
I bought them because a guy needed money, thought I would take the quarters out and dump the rest at the bank.
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Bedrock of the Community
United States
20753 Posts |
Just go and order them from the Mint. Yes many times the prices are less later at many dealers. HOWEVER, sometimes it is just the opposite and the prices sky rocket. Your not talking about a major investment, just a few dollars and then your sure of what you'll pay. Yes you could wait a day, a month, a year or even twenty years to buy a 2012 Proof set. And if you did wait you may well save $0.50 or even more or much, much higher prices. Buying any coin, any car, a house, a belt, a fishing pole, etc. today. And then see the same one for much less tomorrow. Of course there is also the chance you just loose all your money and become glad you never blew all that money on a proof set in 2012. I order about 10 to 15 every year for Christmas presents. Also, one Red Book. And there too, I could wait and wait and wait and then give out those years later IF the price go down. |
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Valued Member
United States
86 Posts |
I enjoy buying directly from the Mint. For collecting, my preference is direct from the manufacturer; the fewer hands that handle (and cherry pick) the better.
The relatively small savings potential just isn't worth it to me.
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Valued Member
 United States
154 Posts |
Thank you all so much for all the advice! In case you're curious, I've decided to wait. If I really like the 2012 set, I'll like it after waiting a while as well, and I'll love getting it for less, so I can put more money into other coins!
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Bedrock of the Community
13014 Posts |
Happy Hunting  |
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Moderator
 United States
188325 Posts |
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I enjoy buying directly from the Mint. For collecting, my preference is direct from the manufacturer; the fewer hands that handle (and cherry pick) the better.
The relatively small savings potential just isn't worth it to me. As good an argument as any. For the record, I prefer to acquire mine directly from the mint. |
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Replies: 16 / Views: 3,042 |
Posted 09/29/2012 02:19 am
