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 Replies: 11 / Views: 2,848 |
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New Member
United States
13 Posts |
If sold for the same price, what do you guys think would be the better investment? I normally have only looked at 64's and below for 90% coins but someone told me about the various post 64' proof US coins that are 90% also. The newer proofs seem to be a bit cheaper, but collector wise; these are proofs and with the quarters they are statehood so that adds a bit also. Here's what's on APMEX: Statehoods (about $5 cheaper) - http://www.apmex.com/product/46944/...duct-reviews64's - http://www.apmex.com/product/5194/9...oll-avg-circ(and the BU 64's which are a bit higher than both - http://www.apmex.com/product/22017/...coin-roll-bu ) So the BU 64's are $25 or so more than the Statehood proof's. And it would seem that the Statehood's would have more collector potential (but with APMEX you dont know what variety you are getting). Are those Statehood proofs something that might be better than other options? I've never purchased any 90% proofs after 1964 before. Any thoughts as a silver investment? It's just it's the same looking coin but more variety than having rolls of 64 quarters in average shape. The Statehoods are in proof condition, people collect them to make sets, there is zero wear; but they aren't 50+ years old if age makes any difference. I mainly collect junk silver for the silver content, but idk, for $5 less I can get a roll of 90% proof quarters? I just know nothing about post 64 90% proofs. I get about $150-$200 a month to spend on junk silver and was wondering if this beats the older quarters or others like a roll of average circ 63 Franklins (my favorite, but if these proofs are something I need to jump on I want to go ahead and do it). The Statehoods certainly look like a better value than BU 64's for $25 more. Thanks for any help/info guys! |
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Pillar of the Community
Canada
1747 Posts |
If you are looking for investment purposes, always use rule #1 buy low. If the silver proofs are cheaper than junk silver, buy them. Yes you get a better coin, yes you will probably get actually more physical weight as well. Because no circulation wear to them.
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Pillar of the Community
United States
2049 Posts |
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New Member
 United States
13 Posts |
Yea I prefer pre-64's, I just haven't ever seen rolls of 90% Statehood's before. It's just they are proofs so zero wear, and I imagine they would be more collectible than a roll of 64 quarters. I'd rather have a roll of Franklins but if this was something special I'd go ahead and get one. I've never even owned a proof coin so I'm not sure if it being proof adds much value on top of the silver content like with 64's. But yea, there is the issue of how to know if newer quarters are 90% silver or not. It would be harder to prove they were without documentation, just in a roll. So if the economy went down and I needed some food it would be much harder to prove these were 90% silver than a pre-64 coin. Idk, seems like I should get one roll just to have them. I don't see full rolls like this anywhere else on the web. Edit: oh, but what about other 90% proof coins post-64? I noticed some Kennedy's, not sure about those vs the ATB proofs Edited by wmc1982
05/13/2015 9:23 pm
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New Member
United States
13 Posts |
The thing is though, I wouldn't enjoy the ATB ones as much as a roll of pre-64 Franklins or Walking Liberties I can hold in my hand. If I got the ATB proofs, they would sit in a drawer with hopes that them being proofs they would maybe be double the value as a 1964 quarter in avg circulation. I mean I'd like to get a roll of XF Walking Liberties for $175-$180, even though it costs more, less silver per dollar; but I would enjoy them more. With the proofs I would be scared to touch them. Plus in the future if I passed them down in the family they might not even realize they are silver and go spend them at the store :P Idk, someone recommended the ATB proofs. But it seems that might be the best deal for someone collecting ATB proof sets. I really just want decent quality avg circulation pre-64 halves to play around with :) But if this was some amazing deal on the ATB's then I would get one roll just to have it. I get this fear sometimes that if I don't get this now, I won't have another chance and I will regret not getting it while I could. But if its not going to be a big difference like double the value down the road I'd rather stick with what I enjoy. I'd be happy collecting nothing but Franklins my entire life. Not sure why I like them so much. Yea, I would be happier seeing a roll of halves I can take out and look at than the proof quarters. I have a roll or two of pre-64 quarters and a lot of dimes, but I prefer halves over everything. Thanks guys, you helped me work it out in my head :) (Sorry for the rant, the bi-polar mania really kicked in tonight) Edited by wmc1982
05/13/2015 9:50 pm
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Bedrock of the Community
United States
10982 Posts |
None of those prices look very good to me. I mean the average circulated roll of quarters melts at $122 and they're selling them for $158 + shipping? That's 30% over melt! Correct me if I'm wrong.
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Pillar of the Community
United States
1911 Posts |
Well glad you were able to come up with what you wanted. No matter what, collect what you like because even if it isn't the best "investment" at least you will enjoy it and that is the most important part of this or any hobby :)
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Pillar of the Community
United States
593 Posts |
Quote:
$158 + shipping? That's 30% over melt! Correct me if I'm wrong. Shipping is free (in the US) for orders over $100, so shipping is factored into the price, but that is still a bit steep. This seems like a much better option: http://www.apmex.com/product/16485/...e-value-roll |
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Pillar of the Community
United States
1913 Posts |
I think you're mixing bullion and numismatics. They do impact each other, but you need to decide which way to want to go. If you try to do both at the same time, just realize that you'll likely end up taking a bigger lose when you go to sell. If you want to "invest" in silver, then your best bet is silver rounds or bars. Try to buy them at spot. It's hard to find them at spot, but you can find flash sales on ebay by the major distributors every once in a while. I recently purchased a roll of newly manufactured silver rounds for spot. Delivery was included in the price too. Otherwise, realize the amount you pay over spot is going to be a loss unless the price of silver goes up to cover it. Those proof silver quarters might have collector potential in the future, but they're likely going to get scratched and rubbed going in and out of the rolls. That will kill their collector value, so I would look at them strictly as silver. Given that, they are a better buy because they cost less and have no wear. However, as already has been pointed out, neither are a good buy. If you're really stuck on investing in silver coins, then I'd suggest American Silver Eagles. They are popular with collectors even though they are bullion coins. You can buy them for about $2 over spot delivered. Keep the rolls for five or more years until the availability of the date you have goes down. Then you have the potential for collector demand on top of the price of silver. |
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Pillar of the Community
United States
6130 Posts |
Between the options presented, silver proofs hands down. Junk silver is just bullion with a fickle premium due to being US legal tender, but silver proofs are collector's items. None of the silver proof sets even reached 1.5M mintage, which make these coins automatic keys for any "complete" collection. They will be difficult to move in large numbers, but I would say they are the better value here.
That said, I don't think that 2015 may be the best time to invest in silver. The market seems to be in a downward trend, and if the economy takes off again like it did in the .com era, I could see $9/oz in the next few years.
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Pillar of the Community
United States
1704 Posts |
The Mint did not produce any silver quarter with less than 90% silver content with just a single exception, the 1976-S Bicentennial quarter so there is no possibility of confusion of the silver content of the modern silver proofs. I know a dealer who mixes the modern with the pre 1965 since 90% silver is still 90% silver regardless of the design. Once the proofs are cracked out of the government packaging and get fingerprints and perhaps contact marks on them they lose whatever numismatic value they had and they will never get it back.
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Bedrock of the Community
United States
10982 Posts |
Gyrene7483's comment is true but most proof State Quarters are clad and contain no silver. Laypeople do not know a silver State Quarter proof from a clad State Quarter proof. In fact there was a scam on ebay a few years ago where the seller was inserting clad proofs into State Quarter silver sets and selling them as 90% silver. Buyer beware. |
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Replies: 11 / Views: 2,848 |
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Posted 05/13/2015 9:00 pm
