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 Replies: 12 / Views: 3,591 |
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New Member
United States
14 Posts |
Hey Folks, Based on current silver prices I found value in buying the Quarter Silver Proof Sets. Some LCS's are charging $18-20 face value for 90% silver. So I have been stacking the silver proof sets. $1-$2 more for 5 quarters.
But they do take up room. I have been considering Breaking them out and putting them in rolls. Form what I have seen these Sets are NOT holding any extra value.
I also have started sending Modern Coins in for grading. Anyone like to send in these sets for grading?
Thank you.
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Moderator
 United States
188105 Posts |
I break up all my sets to fill albums so feel free to save some space.  The newer sets are easily opened and closed, so they are undamaged when you free the coins. It may be worthwhile to sell them on ebay to keep them from the trash. |
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Bedrock of the Community
United States
10034 Posts |
Whatever floats your boat! Some do and some don't. Recently I have been thinking about breaking mine up as well.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
7189 Posts |
I have silver proof sets complete since 1950, Ill probably pass them on as sets.
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Moderator
United States
188105 Posts |
Quote:
I have silver proof sets complete since 1950, Ill probably pass them on as sets. I have to say I would reluctant to break them apart if I had somehow acquired the same.  |
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Pillar of the Community
United States
992 Posts |
If you're just stacking it, I'd break them out.
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Valued Member
 United States
397 Posts |
I'm keeping my silver proof sets in original packaging. Silver in uncirculated sets is fair game for breaking open. Just my philosophy. You have to do what is best for your situation.
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Bedrock of the Community
Australia
21786 Posts |
As I see it the possibility arises to sell the sets as they are, and use the money to stack more silver.
If you decide the break the proof set cases, you may wish to consider to stack them differently, with a different protection method. I would buy as many snap-tight acrylic capsules of various sizes as you need, and stack the capsules.
Larger coin storage tubes could accommodate the capsules.
If you are considering to spend money on grading moderns, the alternative of not grading as spending less on individual coin protection is justified.
It is even possible to make your own storage tubes from plastic pipe or if your are lucky to find it, clear acrylic laboratory pipe.
My not increase the value, but will increase future buyer interest, if you can keep the silver as well as base metal proof coins in pristine condition.
Grading will not increase the value enough, anyway, when return shipping and grading fees are taken into account, for most cased modern proof sets.
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Pillar of the Community
United States
600 Posts |
I'm in the opposite boat getting rid of silver when it is over $25/oz. You can buy it all back in two years when it is below $15/oz again.
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New Member
 United States
14 Posts |
I think I agree with you guys. I think most have the same thoughts. The sets are not gaining value because they are sets. But the collection of Pristine Silver Proof coins will keep the value just as nice. "keep them protected"
But it ALL depends on the price of Silver. I don't think most people in the future will purchase these sets much higher than SPOT>
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Pillar of the Community
United States
1667 Posts |
the 2019 and 2020 silver quarter set is .999 silver. Just keep that in mind when you are looking, you might find it slip past a shop or two that they aren't 90% when they are dumping the sets off.
I don't think proof coins in general are good for stacking, but if you got a good price that's around melt for 90% or .999, anything will do really.
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Pillar of the Community
United States
1913 Posts |
I'd keep them in the OGP. They have both bullion and numismatic value. Granted the numismatic value is low, but you're lowering it even further by putting it in rolls which will only lower the grades of the coins. You never know. Some day coins in OGP may take off in value versus raw or slabbed coins. All that said, I don't think that I'd buy them if I was stacking silver unless I could get them as close to spot as I could get silver rounds. If you pay any sort of premium, you'll lose that on the selling side of the transaction.
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Bedrock of the Community
United States
20753 Posts |
I only buy proof sets for coins to go into my Albums. Otherwise I have no use for them. And from the way their values are trending, no one else likes them either.
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Replies: 12 / Views: 3,591 |
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Posted 12/17/2020 12:54 pm
