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 Replies: 10 / Views: 2,077 |
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Pillar of the Community
United States
623 Posts |
I used to buy silver proof sets thinking they would be a great investment. Yeah, well uh, for the most part I was wrong. When silver pulls higher I want to sell the silver out of the sets. With that being said, are there any sets I should not crack because they're worth more whole? Any coins I should keep? For instance I hear the 2001 Sac is worth like $40?
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Pillar of the Community
United States
508 Posts |
I'm in the same boat as you, got 2000 - 2007 with the exception of 2001. Figures I didn't grab the 99 or 01, the ones I can actually profit from.
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Pillar of the Community
 United States
623 Posts |
Actually, I have a 1999...it was the first set I purchased. ;-) But I know that one is worth around $150. I think it has come down a bit.
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Pillar of the Community
United States
6326 Posts |
Ahhhh to quote our good CCF friend Condor yet again....... If you're looking for an "investment", buy a Mutual Fund, not coins.  (sorry, I couldn't resist !) |
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Valued Member
United States
314 Posts |
These are not merely coins. These are silver. I will take precious metals any day over a mutual fund.
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Valued Member
United States
327 Posts |
Only dealers actually make money at this. The rest of discover it's a bottomless pit we throw money into and get little shiny discs back in return. Sometimes we throw the discs into the pit and get other discs. It's rare to throw the discs in and have more money fall out than we put in to start with.
When that happens, most of turn right around and throw that money back in, too.Just keep telling yourself you can quit at any time. Keep repeating it. Sometimes it works.
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Pillar of the Community
United States
592 Posts |
On ebay most of the silver proof 2001 - 2009 & silver quarters sets are selling for around melt. With the exception of the 1999, 2000 & maybe 2011 I would consider them as bullion. Very nice bullion at that. |
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Pillar of the Community
United States
623 Posts |
Let me qualify when I say investment. I was hoping to enjoy the coins and make a few dollars later on if I ever decided to sell. I made the same mistake on the commemoratives!
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Bedrock of the Community
United States
20753 Posts |
Quote:
These are not merely coins. These are silver. I will take precious metals any day over a mutual fund.
To each their own. I've made a real lot of money on Mutual Funds and stocks. I don't sell coins and never will so to me coins are just a hobby. Many people have attempted to use a hobby for investing and end up with piles of STUFF. Beanie Babies, How Wheel Cars, Sports Cards, etc. Those were hobbies and failed as an investment. US Postage stamps too were supposed to be a hobby and the Government ruined that for anyone thinking it is an investment. Every year I get those Proof sets and Uncirc sets from the Mint. None are the Silver ones. Why bother since unless noted on the package it is difficult to tell anyway. I give many away for Christmas Gifts and keep some for myself since I do it for a hobby, I really don't care about the values. Coins, Stamps, Stickers, License Plates, Beer Cans, Sporting cards, etc are all supposed to be a HOBBY. Those that use any of those for investing should really think twice or just end up with Ulcers and associated medical bills. |
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Pillar of the Community
United States
6326 Posts |
 .....  ....... As usual, I agree wholeheartedly with CarlBut I do see what you're saying about hoping there's a "future value" to your collection. None of us, who've never sold a coin, want our collections to be completely valueless, especially if "hard times" come around, and you have to part with your coins. Some coins are dearly paid for ! It's just that you shouldn't "go in" to coin collecting with an investment mindset (is the advise). The passion, the love, the admiration, appreciation, the beauty, ever knowledge seeking, etc., etc., etc.. These are some of the main reasons to pursue this hobby. And the more you seek to perfect your knowledge about coins and your purchases.....well....likely the "quality" you'll have will hold you a very respectful value of some level in the future, were the need to ever arise to "sell the collection". Quote:
I made the same mistake on the commemoratives!
There again.....there may be some "precious metal/bullion" value to these....but you should only buy commemoratives because you find them BEAUTIFUL ! ..... or historical....for your kids to have....whatever, NOT because a certain commem. "might" someday quadruple in value. Take a look at the 2008 Bald Eagle Silver Proof Commem., and tell me that's not one of the most beautiful things you've ever seen ! But yet, it apparantly will not ever be a whole lot beyond "spot price" in value. But it is such a treasured item for me, and always will be. If tough times force me to....... I'd hope that some interest and value would be there if all or any of my coins. In this sense, I DEFINATELY SEE YOUR POINT Russ789 |
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Pillar of the Community
United States
1348 Posts |
good point carl, but also like you mutual funds if you would have invested in silver or gold you would have made a tremendous return. I do not know what you invest in so I cannot dare say you would have made more on silver and gold. I think some people get into this as a way to invest and then get bitten by the hobby bug (Like myself). I know dabble in trading bullion but coins are now my hobby. I think the people that get mixed up in both are the people who have a large stash of coins that are not wanted by them and not that profitable
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Replies: 10 / Views: 2,077 |
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Posted 03/03/2011 11:52 pm
