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 Replies: 11 / Views: 2,277 |
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Valued Member
United States
234 Posts |
I got the bright idea yesterday that I should collect a set of graded silver proof State Quarters. Probably would have took me a year to find all the individual PCGS Slabbed examples with the special flag markings. Not to mention more expensive if I bought them individually. Low and behold there was a ebay seller unloading two complete sets. One set was NGC PF 69 5 in a slab 10 slab set. The other set were individually PCGS slabbed state proofs PF 69 Total of 56 becuase their are some state and territories involved. Both sets are 90% silver coins. The grand total of my purchase NGC PF 69 Slabbed Proof State Quarters (50 Total) $575 PCGS PF 69 Slabbed Proof State Quarters (56 Totsl) $525 Was this a great deal? A mediocre deal? Or a bad deal? My intention is to hold it as a 30 year investment. But one would think if I sold off the parts individually I could make a profit? I did notice that the home shopping network was selling ONE set for $1300 whereas I got both sets for $1100. |
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Valued Member
United States
335 Posts |
You have got to be totally off your rocker to buy off of the telly -
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Pillar of the Community
United States
1512 Posts |
At 10.38 per coin, I think you overpaid, but you will probably do OK since your investment horizon is so long.
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Valued Member
 United States
234 Posts |
Yeah I didn't buy the two sets to immediately flip them
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Pillar of the Community
United States
4883 Posts |
HSN prices are very high retail and a bad benchmark for determining what else might constitute a "deal" - that said, my take would be that you still paid retail for these. At the current spot price, there's, like, $325 in bullion value for both sets combined. If silver were to triple (to the $50 per oz. range), there'd still be a significant (over 10%) premium you'd have to wring out of a buyer just to break even. I don't know that there's enough numismatic worth in these to get that done (you can't count on the slabs to make up the difference), even 30 years down the road, and even if there is, there's the risk that you might have to liquidate them before then, in which case you'll likely take a loss.
Colligo ergo sum
Edited by Lucky Cuss
10/13/2014 1:51 pm
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Pillar of the Community
United States
7375 Posts |
Usually Sunday is not the time to buy at auction on ebay, but you might have gotten an ok deal anyway. Do an advanced search on ebay for sold listings for your coins, and see what others have recently paid for what you bought, that should tell you about how well you did. |
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Valued Member
United States
234 Posts |
It seems to me that in a complete set these go from a low of $450-$1000 in regards to sold listings. A little bit ago after I posted I did come across someone who sold the PCGS set in ten sets of 5 and based upon that sold listing I could make maybe an extra $30 minus the ten percent ebay gets out of you. So I would take a little bit of a loss. But like I said financially I'm pretty stable so I plan on holding on to it for a long term. And who knows maybe silver will surge again? |
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Valued Member
United States
416 Posts |
It's impossible to know what these will be worth in 30 years but I would just say it was so-so at todays prices. I have seen graded 69's go for as low as $5 each, usually in the $8 range. Your biggest hurdles to long term value are the high mintage production and that the silver quarters are seen as "collectables", meaning they are ALL going to be saved. I have bought some individual quarters because I liked the designs but I'm not expecting much increase in value. Good luck
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Pillar of the Community
United States
7613 Posts |
If you had shopped around, and bought a few pieces at a time, you could have probably done a little bit better price-wise.
But you saved time and got an "instant collection" by buying them all at once. It's the convenience factor and that's ok, too.
Bottom line is this: If your happy with them and in it for the long haul, then you did ok. That's really all that matters.
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Pillar of the Community
United States
7375 Posts |
I also notice that you got 3 NGC and 3 PCGS boxes. They aren't cheap. Plus any slab is worth at least a buck or two minimum. So I think you did ok.
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Bedrock of the Community
United States
11951 Posts |
I agree no one knows what the price of State Quarters will be in 30 years. Or any other coin for that matter. IMO there will still be State Quarters in circulation. Between now and then there will be many new collectors that will choose this series to collect. The silver proofs are and will be the some of top coins to collect for the State Quarters. I feel the exception will be similar to the Ike dollars. As the Ike dollars, some of the business strikes have the highest value, in the high grade coins. Also in favor of your purchase, you have the 1999 and the 2008 silver proof quarters. These sell higher the melt, at least the ones I have seen. Also buying as a group you have the potential of saving money on indivual shipping charges, or gas prices ...if buying at LCS's and coin shows. I buy slabbed silver proofs when ever I find them at or near melt ... I also have three complete Dansco P/D/S/S sets .....I may not be around in 30 years .... But I do hope they go up in the future. |
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Moderator
 United States
15392 Posts |
No way to even guess what these coins will be worth 30 years from now ... and unlikely that you will still own them in that time span to know. I believe that at today's market prices you paid high retail for them ... but if you are happy with the purchase that is really all that matters.  Hopeful to see some photos upon receipt. David |
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Replies: 11 / Views: 2,277 |
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Posted 10/13/2014 11:36 am
