| Author |
 Replies: 28 / Views: 4,021 |
|
|
|
Valued Member
United States
368 Posts |
Agreed....I believe they mainly sell to old-schooler's OR people buying them for birthday's, anniversaries, or anything else year-related.
|
|
Pillar of the Community
United States
2543 Posts |
Say what you want, but sales of proof sets, far exceed sales of Proof Silver Eagles and Burnished Silver Eagles every year.
Are you saying no one wants these either ? Proof sets and Mint sets are the basis of every amateur collector's collection and unless the mint short sells them like they did last year to spur sales, there will always be at least a million people that want them.
|
|
Bedrock of the Community
13014 Posts |
Quote:
Say what you want, but sales of proof sets, far exceed sales of Proof Silver Eagles and Burnished Silver Eagles every year. Which is really part of the problem. Their mintage makes them a dime a dozen. I would suspect a good percentage of those are sold to be cut up for albums or cherry pick gradable coins artificially inflating the interest in them. Theres nothing wrong with having them or getting them if you like them, but theyre anything but an investment quality piece. |
|
Valued Member
United States
368 Posts |
i have three proof sets, one is my birth year, one I got for my birth day and one is a random one I bought impulsively on ebay. was going to buy the 2013 proof set, but I will wait to buy it when the price goes down to $7-$10 which is only a matter of time. no way are the proof sets from 1970 - present (maybe a few exceptions, too lazy/don't care to look up mintage figures/value of specific sets) are going to be worth a lot in our lifetimes. so in conclusion, I feel a mint set collection is not a worthwhile venture to embark on. |
|
Pillar of the Community
United States
1817 Posts |
Proof sets are also good for filling modern album pages just as the mint sets are. They're probably cheapest when bought together as a set than if the individual coins were priced separately. I suspect the declining mintages are for those collectors doing exactly that, to fill album pages and the occasional extra set for an anniversary, memento or gift. Nobody is really stockpiling these with the hope of future profit, most dealers that sell modern US wouldn't even look at someone's proof sets if they aren't silver.
|
|
Valued Member
 United States
315 Posts |
Kind of an aside, but lets say you get them at face value. How many per year is "a collection?"
|
|
Valued Member
United States
293 Posts |
The high value on the 2012 Silver Proof Set is a bubble that Will burst. We've seen this before with 1995, 1999, 2001, and 2008. Here's a word for thought on modern coins. The way the big boys make lots of money out of them is through PROMOTIONS.
|
|
Bedrock of the Community
United States
10038 Posts |
The 2012 S silver set made a new key issue for the Kennedy half and Roosevelt dime series at 395,433. This is the lowest mintage since 1955. This means the only silver proof sets with less mintages are: 1936 3,837
1937 5,542
1938 8,045
1939 8,795
1940 11,246
1941 15,287
1942 21,120
1950 51,386
1951 57,500
1952 81,980
1953 128,800
1954 233,300
1955 378,200 1956 669,384 1957 1,247,952 1958 875,652 1959 1,149,291 1960 1,691,602 And the numbers continue going upwards from there until 1993. Any of the modern silver one, by the nature of being a PM, will likely not go down in value. However, the 2012 S silver is the only modern set I can see having a chance of appreciating much in value since it is a key date. The other silver sets will likely not lose value b/ of being silver, so I only get these. I do not plan to be around for it, but I have a feeling the 100th anniversary of JFKs assassination might spike an interest in the 2012 S proof sets. So I got a couple for my grandson when these halves were only 30.00 each. They are ~100.00+ now. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
|
Valued Member
United States
432 Posts |
I consider proof sets as just something to collect. I have bought a lot of them, but I am not planning on making any profit on them, EVER. They are just something that I can buy every year and make a full run collection. They are nice to look at and share with people but for investment potential you can do a lot better.
|
|
Pillar of the Community
United States
3184 Posts |
many proof sets aren't worth much so I'm guessing your buying them because you collect them....
|
|
Bedrock of the Community
United States
10038 Posts |
Quote:
They are nice to look at and share with people  I have been thinking of making a frame for some and hanging them on the wall. If they were ever taken, no big loss. Easy to replace and not worth much money - but a "WOW" look to them. |
|
Pillar of the Community
United States
1037 Posts |
Personally I think the Mint should do away with the clad proof sets and keep the silver sets. I have consecutive silver proof sets from 1999 to present. I do plan on acquiring silver proof sets from 1992-98 along with 1970 & earlier. The proof sets from 1971 to 1991 have no interest to me. Recently, I have noticed a glut of proof and mint sets on ebay. This could be contributing to the decrease of value for these coin sets, too much supply and not enough demand. Yet in 5 years from now, these sets may be hard to find. I would not consider clad proof sets an investment. If someone is going buy proof sets, spend the few extra bucks and buy the silver proof set. At least you are getting some PM. |
|
Pillar of the Community
United States
1745 Posts |
I guess I'm trying to collect one of each issues (not silver). I will pick them up at auction (if I get them cheap). I definitely won't get them at initial release, wait a few years and get them under release price.
They are nice too look at and I used to get them from the mint when I was a kid.
|
| |
Replies: 28 / Views: 4,021 |
First Page
Posted 11/07/2013 9:35 pm
