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 Replies: 15 / Views: 4,938 |
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Valued Member
United States
256 Posts |
I am thinking about buying proof sets, but wanted to know if it would by worth it.
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
United Kingdom
548 Posts |
Depends if you're buying for enjoyment or as an investment. If you're buying for enjoyment then you need to weigh up the cost against how much pleasure you're likely to get from owning a set.
If you're buying as an investment then I would think again. People generally buy proof sets because it's nice to own a perfect set of the coins they use on a daily basis, not as something that's likely to increase in value.
Coin collecting is basically about supply and demand. A proof set from the 1980s will probably be worth the same today as it was back then because there are still hundreds of thousands of them out there. A proof set from from the 1930s will be worth considerably more.
Hope that helps.
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Pillar of the Community
United States
1745 Posts |
Buy them to enjoy (save money and buy them on the secondary market after the release (wait a few years)) and not as an investment.
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Valued Member
United States
368 Posts |
i only buy proof sets for years (or decades) that hold significance to me. kind of a keepsake of sorts. I have no intention to sell them, so collectible/value is not important to me.
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Pillar of the Community
United States
7188 Posts |
I enjoy proof sets but avoid the clad sets. Worth is arguable, they are not an investment but an addition to your collection of high quality and detail.
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Pillar of the Community
United States
4901 Posts |
If you enjoy collecting them then it is worth it...as was already mentioned if you are expecting them to be worth more in the future then there are better choices. I collect some of the silver proof sets (usually quarters) and spring for the LE set which started last year. I love the ASE proof. |
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Pillar of the Community
United States
3789 Posts |
For investment, no dont buy them.
If you are just collecting for fun, then yes.
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Valued Member
United States
51 Posts |
I got them from 65' to 98' and enjoy them. Just part of my collection.
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Pillar of the Community
872 Posts |
I am a collector and business owner. I buy proof sets and crack the coins out of the holders and mylar them individually after I inspect them for errors. My strategy is, there is going to be more single purchases for a specific coin than selling a set. Proofsets from mid 70's to bout 2000 are cheap and affordable. It depends on your end goal. Do you intend to keep the year together and collect the US year type coins, or are you going to keep say, the Kennedy halves and sell the rest to complete the entire Kennedy half series. The strategies are endless. |
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Bedrock of the Community
Australia
21786 Posts |
New mint products sold from the Mint or through their agents are usually poor initial investments. Mints around the World, after all, are there to maximize profits for their stakeholders like anybody else. That should not stop you from buying the those products however, if that is where your interests are.
If you are interested in the mint products aftermarket, it would be to your advantage to study the price trends of those products that catch your interest, before making a decision to buy or sell.
If you want to have fun and enjoyment and to learn and develop your interests, that is OK too. I have been into numismatics generally for most of my adult life for this reason.
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Pillar of the Community
United States
2311 Posts |
Only buy them for collecting. They never sell when you need to sell them.
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Pillar of the Community
United States
1053 Posts |
 with others. Do what you find most pleasurable. |
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Pillar of the Community
United States
581 Posts |
I personally have been collection them to bust out and put into my books that have proof spots.
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Bedrock of the Community
United States
20753 Posts |
I buy some every year for Christmas Presents. Makes it easy to give them instead of the stuff in stores that most people would rather buy themselves. By that I mean if you buy someone a tie and they don't wear them, waste of money. If you buy someone a scarf and they never wear them, waste of money. Stuff like that ends up in the garbage, at a Salvation Army store, etc. At least with a proof set of coins people have a tendency to keep them. Most people think they will someday be worth a fortune. Never happens though. I used to keep one of two for myself but stopped that a few years ago. They are just not worth the space they take up.
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New Member
United States
2 Posts |
Coins are not just a way to pay for goods and services: they are also works of art. Unlike most works of art, some coins are made of precious metals (silver, gold, platinum). Precious metal coins will retain their metal value over time and may even rise in value, as gold coins have done over the last 20 years or so. Coins are also subject to supply and demand, just as any other work of art is. Unfortunately, many proof sets have been produced in such large numbers that the demand has been satisfied for the foreseeable future. If you enjoy owning works of art in coin form, then proof coins are the best you can find, but don't count on making a profit on them.
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Bedrock of the Community
 United States
12477 Posts |
I have been tempted to buy silver proof sets, especially now that they are .999 silver instead of 90%.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
02/25/2021 03:50 am
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Replies: 15 / Views: 4,938 |
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Posted 11/22/2013 3:45 pm
