Giving Recent US Proof Sets As Gifts

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Author	Replies: 5 / Views: 1,407
CoinGiver New Member United States 2 Posts	Posted 03/07/2013 06:51 am Hello, CCF. I've always thought coins were interesting, but never thought to collect seriously. Recently I moved to around the corner from the SF Mint, and I've started thinking about giving coins and coin sets as gifts for particular events to other non-collectors. I'd like to avoid gimmicks, getting swindled, or products that scream "the holder of this coin likes to waste money," and I figure the only way to do that is to talk to the experts (y'all). Let me start simple and inexpensive. I'd like to give coins from 2012 to a friend's daughter who was born that year. The goal is for her to look at them later and say "cool -- these were printed around the corner from Sal when I was born." I'm thinking of the Silver Proof Set (SV6) (not the limited edition, since that's not a full set, and not the uncirculated, since that's not from SF) and a matching bag of circulated coins (so she can hold them). General advice is very welcome, but I also have a few specific questions: Is there any way for me to avoid fraud? For something this common, spending money to authenticate seems silly, I'll never be able to tell, and I'd hate to find out 30 years from now I made a mistake. I'm willing to pay a slight premium for peace of mind... is that possible? Is there a good venue for buying high-volume coinage (recent sets, common coins, etc.)? What do you think of as a more "interesting" gift for a non-collector -- the silver proofs (since they're prettier) or the regular proofs (since they match the metal in circulation)? I would get the uncirculated proofs, but they're not minted around the corner from where I live. $150 seems expensive for a set that debuted at $68 eight months ago. Is that normal? Is this a bad time to buy them? Does anyone here have a favorite "year of" gift? American Eagle? Silver dollars? Thank you for your time and attention. I look forward to your wisdom! -- Sal smile. Report this Post to the Staff

Fuzzy317 Moderator United States 14463 Posts	Posted 03/07/2013 07:12 am I wasn't sure they would start collecting coins, so last year to my niece and nephews I gave them an ASE from their birth year. Reasons why I went a single ASE: a mint set for two of them has 5 coins a mint set for the other has 10 coins I didn't want to appear to favor one above the others, and they could easily sell an ASE later if they didn't want it. Report this Post to the Staff
CoinsKelly Pillar of the Community United States 3453 Posts	Posted 03/07/2013 07:40 am You can get creative with the coin gifts. Here are some examples of things I have done: * Since my son's birth in 1999, I have gotten him the proof and mint sets. * Since my cousin's daughter's birth in 2009 (more like a niece) I have given her a proof set. She now likes to look at them. * I gave said cousin's husband a holed capped bust Half Dime and made him guess why it was holed before I gave him a ASE. (I picked up the Half Dime for about $20 in VG condition). * For one of my son's friend's Bar Mitzvah presents, he got a 1918 50 cent piece plus $18 one dollar bills in sequential order. * The 6th grade science teacher who was amazing support to my son received the first Canadian Glow in the Dark dinosaur. Turned out he is a collector and this was something he shared with his daughter. (the gift that kept on giving) Giving coins can be a fun unique way to share the love of what you do. Edited by CoinsKelly 03/07/2013 07:41 am Report this Post to the Staff
Kurrykid Valued Member United States 455 Posts	Posted 03/07/2013 12:40 pm I think it's a great idea. They should be treasured for many years to come. I've started buying silver proof sets for my kids and grand kids. I buy some of the sold out stuff from ebay and frankly have to assume they're real. I don't really fret about it. Make sure the seller has good feedback and do your research. Right now, some of these sets are carrying a high premium. You have to weigh the need with the costs. I recently was going to buy the 2010 silver quarters certified MS70. Just a few weeks ago, I could have gotten them for around $100. A lot of money for sure but I knew there was a possibility that they could go up even higher. Unfortunately, I passed and now I can't touch them for under $200. At this point, I am going to wait for them to come back down. If anyone has a set reasonably prices, let me know HTH Edited by Kurrykid 03/07/2013 12:45 pm Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 03/07/2013 1:33 pm My choices would be a 2012 silver eagle. Now they don't have mint marks, and the only way that anyone can tell it is from S.F. is if it is slabbed. But I have seen straight bullion coins that were non slabbed from an S.F. monster box. It wouldn't have a mint mark but you and she would know it was minted the year she was born and in S.F. Or my other choice might be 2012 silver/clad proof quarter set, or a roll of 2012 s-minted ATB Quarters. Report this Post to the Staff
solotime Pillar of the Community United States 2311 Posts	Posted 03/07/2013 1:36 pm I don't if it's such great idea though. If you gave a silver coin to my dad he would sell it. Some people just don't care about coins like we do. I wouldn't give coins away that are worth more than 10 bucks. Cause what if they open them up? But giving kids proof coins is very nice thing. But just teach them about the coin before they do anything to it. Tell him it's a special coin and something you shouldn't spend. ( I just saying, I don't have any kids, just lots of brothers) Report this Post to the Staff
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