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 Replies: 7 / Views: 1,710 |
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Valued Member
United States
111 Posts |
Please help. I welcome all opinions. I've spent a considerable amount of time here and online at Numismedia trying to figure out what will work best. I want to buy sets either mint or proof to put away for our 2 year old Granddaughter and Son. When I went to a highly recommened coin shop the man there told me to buy proof sets. So I picked up 1 for her birthyear and another for my Son. (lots of catching up to do for him since he's 27) I'm new to coin collecting, and from what I've read it seems there really isn't one clear answer. For instance. When I go to Numismedia I see sometimes the proof sets are worth more and then the mint sets are. For instance the 1957 & 1958 mint sets are worth considerably more than their proof sets. But on the newer years the proofs seem to be getting more money. Looking ahead I want these sets to be worth as much as possible 20+ years from now.  Teena |
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Valued Member
United States
406 Posts |
Hello! For what it's worth, if you are looking to put something away that will increase in value, I'd recommend SIlver Proof Sets that are made every year since 1992. These are different from "regular" Proof Sets in that the dimes, quarters, and half dollars are made of 90% silver. While markets can and will fluctuate and no investment is ever totally a sure thing, I would expect that the price of silver alone would ensure that these sets will be worth more 20+ years from now than they are at the present.
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Bedrock of the Community
United States
20753 Posts |
 Your asking that age old question of what should I buy now that will be worth a lot tomorrow. This is always sort of asking who should I marry, what house should I buy, what stocks or mutual funds should I purchase for a hugh, massive investment. You could well get many replys but if anyone really knew which would be worth more tomorrow, they wouldn't be here on this forum, they'ld be wealthy, living on a Aisland they own, having beatiful native girls fanning them with palm leaves.  On a serious note, why not just buy one of each? And if your Son is 27, why not just ask him if he is intersted in coins at all. My Son is a little older than that and if you asked him about coins he would say all cash should be abolished anyway. He is a credit/debit card person almost 100%. As far as he cares my coins should go to a bank. And too you may want to ask your Son if he is even interested in having to store Proof or Uncirc coins for his Daughter. |
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Valued Member
 United States
111 Posts |
Thanks, I've considered just buying our granddaughter both...then she'd really have some nice sets. My son has expressed an interest though. I need to find out how much he still has. He left an old ammo box here with some coins he's collected. So, I know he had an interest. He's been active duty Army now, so I believe this has been put on hold while he's been serving our Country, deployed and now at Fort Hood preparing to get promoted to Sgt., plus taking flying lessons. Appreciate your answers. Grand daughter is my daughter's child, and my daughter has no idea about coins.
Teena
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Bedrock of the Community
United States
20753 Posts |
It really would pay to ask them if they even want coins of any type. Just because a kid saved some coins when little, means nothing when they get older with all new interests. As I mentioned my Son is an example. When he was little, he too collected coins. So did his Mom when she was a kid. Now neither one cares anything at all about coins.
People grow up and change their minds about almost everything. Some stick with a childhood hobby but most don't. As I mentioned, ASK.
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Moderator
 United States
14463 Posts |
My uncle had some coins, but didn't take them when he married and built a house. They can't be found at grandparent's house (after their passing). Other than my uncle having coins at one time, AFAIK no one in the family collects or has interests in coins. I recently bought some ASE for the birth years of my niece and nephews. If that sparks their interest, I made get more for them in time. |
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Valued Member
United States
111 Posts |
Thanks to my son's wife I've been able to conclude that he still has an interest in coin collecting...  So, I've been busy helping ebay and the USPS. I just completed his proof & uncirculated sets from 1984 until present. He's home for vacation now..I'd love to show them to him. But, I have to wait until he gets promoted.  Thanks for all your feedback.  |
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Pillar of the Community
United States
1817 Posts |
The question about mint versus proof sets is like the apples and oranges question. Each has its advantages and disadvantages. The advice about the silver proof set is spot on, they are good looking sets and would have the greatest appreciation potential if and when silver spot prices shoot through the roof again. Rather than getting complete proof year sets, have you thought about the 50 silver State Quarter set alone? That would be nice for your 27 year-old. For your grandchildren, it would be easier on your wallet to start the proof park quarters in silver and add them as they are released through 2021. 56 quarters at the end would yield more than 10 ounces of silver, making them a nice heirloom. Good question! |
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Replies: 7 / Views: 1,710 |
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Posted 06/22/2011 12:34 pm
