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 Replies: 12 / Views: 2,780 |
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Valued Member
United States
88 Posts |
I like coin collecting and collect what I like but when I die I wouldn't mind passing some profit to my kids. Does the AE gold 4 coin proof set coming out 3-11-21 have any potential profit? In the past I have seen these from 3rd party vendors for sale at less than mint pricing which doesn't make sense to me. Stupid question but I'm a noob. TIA
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Pillar of the Community
United States
5826 Posts |
2021 maybe one of the lowest 4 coins AE proof set limited to 8,200, but this isn't cheap either. If you have extra money to buy, and willing to take the chance, it can be profitable, then again I'm speculating. BTW  Edited by macmercury
03/06/2021 12:41 am
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Valued Member
 United States
88 Posts |
Thanks for the response. Question, why in the past can you find these sets after market for less than mint pricing?
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Pillar of the Community
United States
5826 Posts |
Simple demands and supplies, plus gold price fluctuate over time.
These are proof sets, unlike bullion, it has a wider collector based, price wise it doesn't swing as much as the regular bullion coins, but then again like all collectibles, it is no guaranteed it can go up as time passes.
Edited by macmercury
03/06/2021 02:20 am
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Pillar of the Community
United States
1277 Posts |
These are going to cost a lot above gold melt. may be potential short term for a profit but I don't see this as a long term hold (aside from a potential rise in gold spot price)
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Bedrock of the Community
United States
94367 Posts |
to the CCF! |
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Pillar of the Community
Canada
5239 Posts |
If this was a Canadian mint issue, I would say it is 99% likely the value would drop in a year.
I don't believe that anyone can reliably predict the value of a mint product in 1 year, let alone 2-30 years. Value beyond the gold is purely a matter of the whims of the collector.
Buy it only if you like it.
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Pillar of the Community
United States
1667 Posts |
Generally speaking the gold proofs have a higher markup than bullion to buy them from the mint. People aren't willing to pay that additional markup on the secondary market and just paying the melt value with a bit of markup over spot. Generally speaking proof coins aren't a good investment. They are pretty and aimed at collectors but the mintage usually meets the demand for the GAEs and mostly you find yourself selling them for whatever melt is down the road. If you are looking for something this year with potential, but it's going to depend on mintage and exact product details which are unknown, I've been speculating on thsee two products as potential winners: https://catalog.usmint.gov/american...uct-schedulehttps://catalog.usmint.gov/american...uct-scheduleThe 2nd I'm thinking about more than the first one which just seems to be the old and the new Ws you can buy in the 4 coin sets or individually. It doesn't look like it's anything special. I'm speculating that the reverse proof 2 coin silver eagle set will have a 2021 S reverse proof silver eagle with the new reverse and silver Eagles being so popular to collect, if the mintage is low enough it will be hard to acquire a decade later for completists getting into the new silver eagle reverses and trying to catch up. The gold Eagle 10th Oz 2 coin set I believe will be two 10th Oz. Gold Eagles which they are producing and offing in a 4 coin set or as singles. Unless they did something different with the finish it's just going to be one of each 10th Oz gold Eagles with a w mint mark and nothing special. but they havent announced details on either one. Either way it goes, the silver eagle set is going to be reverse proofs and I think one old reverse and one new reverse. It SHOULD be a win unless they make tons and tons of them. Last RP of old design first RP of new design. I'm not a fan of the gold eagle proofs. There not much collector interest and as such 5hey end up selling for less than mint issued price and closer to bullion prices down the road. There's nothing "hot" outside of the PR70s. Edited by Big-Kingdom
03/07/2021 08:55 am
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Bedrock of the Community
 United States
12819 Posts |
Good thoughts by Big-Kingdom, and I definitely agree with the spot value being the main way these coins will appreciate. For reference, spot was somewhere around $290 in March of 2000 when I started collecting. The last gold I bought was in 2019 when spot was ~$1,300. Of course there's no guarantee that gold will continue to perform like that but almost my entire gold collection from the US Mint is in the black just from spot increase.
That said, it's possible that these will have a little more value given that they're the last of the series.
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Pillar of the Community
United States
992 Posts |
I can buy proof gold from my bullion dealer for about the same as MS.
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Pillar of the Community
United States
1613 Posts |
Welcome! First, there are no "stupid" questions. So ask away. As for a future value, those above have more or less summed it up in that they should relate to the gold spot at the time of a resale, with a slight premium. While buying on the secondary at lower than issue is always your best avenue for your needs, you should keep in mind that mintage figures play a larger role at times. A low mintage will almost always exceed that of an figure. The trick is guessing that the current year would be such. Another option, aside from the AGE's are commemoratives. Many of these pay out greater in the long term. As an example, I bought a 2016 100th Anniversary Walking Liberty half gold proof commemorative last year for $637.00 and currently they are trending at around $1000. Same with the dime and quarter that I also bought. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
03/08/2021 10:49 am
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Moderator
 United States
95784 Posts |
I plan on 'attempting' to buy this set. But I'm more of a collector right now than I'm an investor for the future..
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Moderator
United States
188213 Posts |
to the Community! Your post was moved to the appropriate forum for the proper attention.  |
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Replies: 12 / Views: 2,780 |
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Posted 03/06/2021 12:56 am
