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 Replies: 11 / Views: 2,140 |
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New Member
United States
35 Posts |
Hi,
A couple of months a lady brought in her late husbands coins to the coin shop and basically the coin shop is letting me purchase a complete set of graded franklin proofs over a 6 month time period.
I am about 1/3 of the way there and I am just wondering if this is a set that will appreciate.
The grades are NGC 67 1950- 1952 (52 with star)The 1953 - 1963 (including 56 type 1)are mixed either NGC 69 or PCGS 69. Only the 57 is cameo and the 59 is PR69 star.
I think cameo is the way to go but I can't afford them.
I am relatively new to collecting graded coins.
Any thoughts good or bad?
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Pillar of the Community
United States
3540 Posts |
Collecting....anything...is in the eye of the beholder.
If Franklin Proofs are what you like, then go for it.
BUT....buy the book before the coin. KNOW about the different types that are available (in your case, Type I, II, & III), what the REAL market is now, what the past market has been, and become, as much as possible, an expert in the area that you choose to collect.
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Pillar of the Community
1153 Posts |
That will be a nice set for sure. Nobody knows for sure what will go up in value, stay the same or drop in the future. If we did we would all collect the same stuff. If you feel comfortable with the price and like the set, then knock yourself out. Check completed auctions on ebay and heritage to find a good price point to see if you are overspending. |
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Moderator
 United States
23522 Posts |
A 1957 PR69CAM is a monster coin. NGC only has 20, and PCGS hasn't graded one to my knowledge although I think they have 2 69DCAMs. I suspect that one cost a pretty penny.  Not that the rest are slouches. For the 1952 to get a  but not CAM, it's got to be a toner or a one-sided CAM, and those will command some extra value as well. Likewise the PCGS 1959. Do_not consider this an investment in the traditional sense. You are buying coins of such quality that I'd be pretty confident saying they'll never depreciate, but the person who could reliably determine investment potential for rare coins would control the hobby. Nobody controls the hobby. The coin market is equal parts supply and demand, and although supply remains fairly constant, demand is all over the place even within specific issues over the years. Coins can be a good place to park money, but they're not an investment. |
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New Member
 United States
35 Posts |
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Bedrock of the Community
 United States
12815 Posts |
Those are some fantastic-looking Franklins! Wow!  |
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Moderator
United States
23522 Posts |
They're still top-end Franklins, and my advice does not change.  If you're going to park money in coins, park it in the coins that the more recession-proof collectors want. That advice crosses all similar investment boundaries. |
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Moderator
United States
187702 Posts |
A very nice start. |
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Pillar of the Community
United States
7187 Posts |
What great coins to add to your collection. The Franklyn proofs are a short set (only 14) to collect. My set are not as lofty in grade, my goal is PR 66 or better with a cameo designation. The first three are the tough ones and are missing in my set so far. Ya gotta love a cameo Franklyn  |
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Moderator
United States
56855 Posts |
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Bedrock of the Community
United States
20753 Posts |
 Some nice coins there. However, try to remember that coins are not necessarily a great investment. True might well go up up, up and then again, might just stay the same. Those are a great start for a collection though. Have fun and remember that it is a hobby. |
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Pillar of the Community
United States
1450 Posts |
You can get Franklin half dollars in AU or uncirculated condition for a song. AU coins are still 90% silver and can go into a collection book and they look beautiful. The Franklins are now over 50 years old and you don't see a one in circulation. They are not making any more of them. All the silver coins of the 20th century will never be made again just like gold coins for circulation. The silver dimes, quarters, half dollars and dollars are worth collecting just for the fact our coinage is not worth the metal it is minted on these days. I just bought 3 rare Peace dollars for about $450. It does not get much better unless someone gives them to you. I am going to collect Franklins next and/or Mercury dimes. |
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Replies: 11 / Views: 2,140 |
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Posted 04/29/2015 5:18 pm
