Advice Regarding Purchasing US Mint Uncirculated -Vs- Proof Coins - Page 2

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Author	Replies: 19 / Views: 4,633	Page: of 2

just carl Bedrock of the Community United States 20753 Posts	Posted 05/28/2017 12:11 pm I used to buy a lot of proof sets for Christmas Presents. I stopped when I saw that their values just kept going down. Report this Post to the Staff
Bump111 Pillar of the Community United States 3327 Posts	Posted 05/29/2017 12:55 pm I appreciate the observations. Maybe I won't worry so much about the older sets. If it looks good I'll just get it. After all, I'm not investing, I'm collecting "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/29/2017 7:07 pm I am only really interested in pre WW2 proof coins. Prices for these are really high, so I don't have many of them. Because they are rare, I always consider proof coins from around the World, not just U.S. proof coins. It was only after about 1950 that Mints around the World realized that large profits could be made out of producing proof sets in large numbers for collectors. To increase profits, they produced them in as large numbers as possible that they thought the collector market could absorb, and those sets were sold at the highest price possible that they thought that the market would bear. I guess that if you are in business to make a profit, that is what you do. Not so good for collectors in the after market, who are maybe looking for an investment. That is why I don't buy modern collector coins generally, unless the price is REALLY right, or their price is not that much above melt value. Report this Post to the Staff
cipster Pillar of the Community United States 2362 Posts	Posted 05/29/2017 7:23 pm I've bought two proof sets every year starting in 1975 and probably can't break even on my investment. So, why do I keep doing this? Because I enjoy owning them and I'm a collector and not a dealer. Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith Report this Post to the Staff
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