Right Time To Buy Silver Proofs? - Coin Community Forum

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Author	Replies: 5 / Views: 1,443
bobbymeru Valued Member United States 285 Posts	Posted 04/16/2011 10:19 pm I'm building a Proof Kennedy set only and am missing a few of the silver proofs from the mid-90s, 93-96 to be exact. With silver being over $40, would it make sense to look into purchasing them nowm or wait until silver prices go back down? I was thinking that with silver so high, the premium may not be as bad. As always, not collecting this as an investment, but rather I don't want to overspend now when I could wait for a better price in the near future. thanks! Report this Post to the Staff

just carl Bedrock of the Community United States 20753 Posts	Posted 04/16/2011 10:25 pm Difficult to predict the future on Silver. Some say it will continue ot climb and others are just waiting for it to crash as it did many times in the past. Regardless, collecing a proof set or sets should not have any influence on your purchasing one if silver or whatever they could end up being made of. Tomorrow Silver could be $100/ounce or $5. No one really knows. Report this Post to the Staff
coincollector123 Pillar of the Community United States 850 Posts	Posted 04/16/2011 11:44 pm Some of the silver half dollars that you are looking for are actually more valuable than the silver in them. For example the 1995s silver half dollar. That has about $16 dollars of silver but sells for about $60-80 online. For these ones they do not really are influenced (compared to 'junk' silver) on the silver market. Report this Post to the Staff
Bizybackson Pillar of the Community United States 1817 Posts	Posted 04/17/2011 12:29 am No sense in waiting, the premiums are really small for these dates, $25-30 for 1993, 1994 & 1996. 1995 costs a bit more @ $45.00, still reasonable. You didn't mention the key, the 1998S matte proof, any set of silver Kennedy proofs should include this coin. Report this Post to the Staff
okiepb Pillar of the Community United States 1213 Posts	Posted 04/17/2011 12:47 am The 4 you're missing shouldn't be all that influenced by silver price. If you find nice ones, I'd say go for them and enjoy them. Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 04/17/2011 03:11 am You've been given good advice by the gentlemen above. I'll throw in my Two Cents and say do not expect silver to come down much anytime soon. Report this Post to the Staff
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