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 Replies: 10 / Views: 1,324 |
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New Member
United States
42 Posts |
Late last year, I got my first Us Mint coin set, the 2007 proof coin set, with the regular denominations, the new Presidential dollars and the State Quarters. It's very nice. But, I'm wondering I should purchase this year's set when it is available, or just get the new Presidential dollar set. I don't really know what to do with the State Quarters, considering that I only have last year's proof set, and I don't plan to spend any more on getting all the prior year sets since 1999. Anyway, I'm making my State Quarter collection out of regular, circulated quarters, so these would look quite out of place with the rest. As far as the regular coin denominations, those should be identical to last year's, right (with the exception of a date change, of course)? So, I personally do not find much reason to get a virtually identical set. Instead, I was thinking of just going for the new Presidential dollars and springing for a silver American Eagle. What do you guys think? Next year might be different, as I've just learned the Sacagawea dollar will be going through a design change http://www.usmint.gov/mint_programs...iveamerican/ as well as the penny. Edited by Coinster
02/16/2008 12:51 pm
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Pillar of the Community
United States
954 Posts |
I think it is your collection and you can have it any way that you want. This a a hobby and is supposed to be fun, so enjoy yourself!  |
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Pillar of the Community
United States
2269 Posts |
If you are undecided like I am, get both. Last year I purchased the Silver proof set, which included the Presidential proofs. I also purchased the Presidential proof set by itself. I don't regret either purchase.
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Pillar of the Community
United States
651 Posts |
Sounds like your moving towards a type set. Variety really is the spice of life.
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New Member
 United States
42 Posts |
Thanks for the input, guys. I had to look it up ( http://en.wikipedia.org/wiki/Type_Set ), but indeed I am more interested in collecting different designs of different coins rather than collecting every year of an unchanged design myself. I may not buy the Annual set simply because I have a limited amount I can really spend on my collection. I will probably just keep my 2007 State Quarter Proof set locked away, or sell it if there's demand. |
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Bedrock of the Community
United States
20753 Posts |
Sort of like already noted. Your supposed to enjoy any hobby. If you start to worry about each item, what or when to do what, your loosing that part of any hobby, called enjoyment.
Also, there is a thing called preference and planning. If you like something, can afford it, know what your going to do with it in the future, that is one thing. If you have no idea of what your doing and why your doing it, that is called a hobby I think. Just a lot of fun.
Me? I send in for about 10 to 15 Unc sets and 10 to 15 Proof sets each year. No special sets, no Silver sets, no pretige sets, just plain old ordinary sets. I then give away as Christmas Presents most of them pending on how many I know are still alive. I'm old. The left overs go into a large box so far not opened. Someday I will, maybe. Started doing that back in the 50's and it's fun, I think.
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Pillar of the Community
United States
535 Posts |
In 1999 I bought a proof and unc coin set for myself and 2 of my daughters. I did that in 2000 and 2001. By 2002 I had a third kid, so begining in 2002 I bought 4 proof sets per year. I kept buying them because I wanted to get the full 10 year State Quarter run, even though I wasn't really enjoying them. I was spending $150 per year on coins that I didn't really enjoy. I just purchased my 2007 sets. Yes, next year I'll buy the last set. I'm pretty sure that will be the last year that I buy a proof set. Pretty rediculous when I don't even enjoy the proof sets. I'd much rather be buying Canadian silver coins from the 30s and 40's. What the heck am I doing? For the life of me I can't figure it out. I think I'm an idiot. I used to give the proof sets to my daughters for christmas. They were so unexcited I even stopped doing that. Last year, I don't even think they knew I got them. My kids are thrilled when I take them to the coin show and let them pick 10 tokens out of the 3/$1 box. So, no, don't buy something because you think you should. find something to buy that you like. |
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Valued Member
United States
130 Posts |
If you enjoy albums, breaking up mint sets are a good way to get the coins. My son and daughter like the Presidential and state coins so I give those to them and put the rest in albums. I haven't broken out proof sets but the day will come. It's easy enough to just get what you need. I used to buy duplicate sets in hopes of a value rise. That worked out real well  Edited by MLFLY
02/17/2008 1:08 pm
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New Member
United States
42 Posts |
Thank you guys for putting it into perspective so well. I just ordered a Presidential dollar Proof set along with a silver American Eagle, and a Franklin half-dollar, since I am quite fond of Benjamin Franklin, along with some coin holders and such. I think that sums up my big coin purchase for this year. Again, thanks for the good advice. I can see the greater wisdom in it. |
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Bedrock of the Community
United States
20753 Posts |
karrlot: I think what you started is a lot more important than you know. YOU may not be getting the enjoyment out of buying a proof set for each child now, but if they grow up, and they have that problem of doing that, they may well thank you. Remember you would be giving them something to rememeber you by, something of value, something that might inspire them to continue this hobby, something to pass along to their children. You've got so little to loose and so much to gain.
Way, way, way back my Dad gave me some coins that started me on coin collecting. I still have everyone he gave me. Every time I look at them I remember a great Dad.
I suggest you continue giving each child a proof or uncirc set a year until they are all about 50 years old.
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Bedrock of the Community
United States
17884 Posts |
quote:
I used to give the proof sets to my daughters for christmas. They were so unexcited I even stopped doing that. Last year, I don't even think they knew I got them. My kids are thrilled when I take them to the coin show and let them pick 10 tokens out of the 3/$1 box.
If that is the case you shouldn't be buying them proof sets, you should be buying them, or letting them buy tokens. If the tokens are what makes them happy, get them what makes them happy! Sure it may turn out to be a lousy monitary investment years down the road but who cares. This is a hooby to have fun with, not something to plan your portfolio around. |
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Replies: 10 / Views: 1,324 |
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Posted 02/16/2008 12:50 pm
