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 Replies: 18 / Views: 3,187 |
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Pillar of the Community
United States
2311 Posts |
When I would go to my dealers they would have proof coins, of course modern ones. So, I would take a quick look at them and say to myself, "don't ever buy a proof coin, they just a waste of money". I would look at the prices on them as I would stop by to pick up some classic coins. My dealer would have the whole proof set listed for about 32. Next time it's 20, then 10, and later it's 8. ( Note this is about one or two years ago) When I joined this forum I started buying proofs without worrying. So know I got over 140 proof, my only thoughts are, these worth it? They create around 2,350,000 proofs a year for each type of coin. Now about 5% of them will be ruined from people. Five percent is 117,500. So now we only have 2,232,500 THAT won't be harmed. So what's to do with all these let over proof coins? The dealers sell them to us collectors, but we only want one or two of the same type and year. So do we have like 1 million collectors out their that want proofs?  The part I'm not understanding is, why are the 2013 proofs going for high prices? Remember, I never been into proofs back in 2012 so I'm not sure if this happens every year. I want one of the proof dollar coins but like 12 dollars isn't going to happen.... |
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Bedrock of the Community
13014 Posts |
Its not uncommon for the modern proof and mint sets to come down in value as the years go by. Theres a lot of examples you can find of sets that sell later on for less than the mint sold them for, some of them pick up value too. If you like them theyre worth it, but I wouldnt recommend stock piling them think youll definitely be able to sell them for more later on
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Pillar of the Community
United States
5207 Posts |
Some proof sets like the 2012 SILVER set came to an abrupt end with an extremely low mintage for certain coins not contained in other sets (dollar coins and quarters)
Sometime you win, sometimes you lose.
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Pillar of the Community
Australia
7096 Posts |
I think the proof coins are great. I have the Australian business and proof coins for each year from 1966 to 2013 (I am missing a handful) side by side in my albums. They look great that way. In my experience the Aussie proofs don't only hold their value most of the exceed the issue price as time goes by   Edited by trout1105
07/13/2013 7:32 pm
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Pillar of the Community
United States
927 Posts |
Usually the clad proof sets go down in price after 1 or 2 years. But the 2012 sets may be different because of the lower mintages. I only buy the silver proof set each year. This way I know they won't drop in price drastically (unless the price of silver drops drastically). There is more price protection with the silver sets.
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Pillar of the Community
United States
2815 Posts |
I love proof coins. Their current and/or future value makes no difference to me, but that is just the collector in me. The fact that a lot of proof sets tend to go down in value over the years is good news for me. It's a win-win.
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Bedrock of the Community
Australia
21786 Posts |
Trout1105, 'ole fella: you know that you beat me with those fifties! Mine are all from circulation, and are at least all a bit 'banged up', as a result.
But there is one very special fifty in my collection of fifies has pride of place.
You know which one THAT is!
Thanks to you.
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Pillar of the Community
United States
624 Posts |
I love and collect US Proof coins, but hats off to the Aussies! I've never seen an Australian Proof... Those coins are magnificent!
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Valued Member
United States
374 Posts |
No proof sets for me. I would rather spend my money on Morgan's or gold Indians, or other Semi key or key date coins. I am looking at buying some low mintage proof Ikes also.
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Valued Member
United States
121 Posts |
Yes,I would agree with the OP concerning the Proof prices. They might be a bit "over rated"? Sure,their very attractive and beautiful to gaze at compared to a business strike.Also,I know their mintages are lower too. However, They look this way from a little distance. What I mean is take a look at these modern Proofs with a loupe and you'll see the different frost or surface than,say a 1970 Proof. The '70 Proof is much more prettier! No "dots" on these Proofs made back then.Compare the two and see for yourself.EX;1970 Proof/2013 Proof. One more thing... I know a 1970 is still considered a Modern day Proof,but look at the change since. My 2 cents.-joey  Edited by joeykoins
07/22/2013 10:56 am
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Valued Member
United Arab Emirates
283 Posts |
I don't really buy proofs for their values, but instead for their looks and feels.
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Pillar of the Community
United States
3755 Posts |
Quote:
for their looks and feels. Please tell me you are not handling proof coins like regular circulation coins. Don't know why else you would say feel though... |
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Valued Member
United States
121 Posts |
They probably meant,the surface texture,I hope anyway?  |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Don't know why else you would say feel though. Emotional feeling, how you feel when you look at them. There is an emotional "moving" or feeling when you look at things that are pretty. |
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Pillar of the Community
 United States
2311 Posts |
Conder is right, lol.
@trout, nice proofs you got there!
@Joey, Thanks, that like what I meant.
The best types of proof I say are: 1960's and under. I just love how much better the Lincolns look. The new ones aren't much great.
Now only one thing, you guys didn't say why the 2013 proofs are selling for a lot. Is it normal or because low mintage? Like I said before, I never watched the prices on proofs before, so I'm unsure.
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Valued Member
United States
121 Posts |
 Maybe,because the sudden interest in coin collecting? We hope anyway. More collectors,more birthdays,more graduations,more interest! |
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Replies: 18 / Views: 3,187 |
Posted 07/13/2013 6:43 pm
