Uncirculated Considered Reqular Strikes?

dakra

I've been looking through the price guide for the state quarters and see that a lower grade regular strike goes for a higher price than a proof strike. Would an uncirculated quarter (from the uncirculated set) be considered a regular strike? If so.. Why am I sending in my proofs?!? :-)

-David

DHeath

High grade MS coins are much more difficult to find than high grade proofs.

TomB

As for your question, quarters from Mint Sets are considered business strikes just as quarters obtained from a bank are considered business strikes.

dakra

Actually I meant are Uncirculated sets that are purchased through the mint considered "MS" while proof sets are considered "PR". While checking out the pricing guide (MS) Regular Strikes appear to be going for more than the (PR) strikes. I have nice sets of Uncirculated and am wondering if I should use these as my "sale" coins rather than my collecting coins.

My main purpose of this hobby is to collect some coins while selling others to continue collecting. Originally I thought that if I purchased 3 "proof" sets, I could sell off one at a profit, but it appears as though the better profit margin is in the Business Strikes... if you can find decent coins that will grade high.

I guess what I am wondering is, what is everyones secret to success :-)

-David

Placid

The secret is some people will pay alot for a coin you could pull out of your pocket because it's in a slab.
MS-65+ coins are easy to find in bank rolls.
Some people say the coins found in bank rolls are often better than the ones in the mint sets.

FlyTooHigh

<< <i>Some people say the coins found in bank rolls are often better than the ones in the mint sets. >>



Judging the quality of the Mint Uncirculated sets I just sent back to the mint for crappy quality, I agree fully. Save your money, just get bank rolls rather than mint sets.

cladking

Unless you're willing to put time effort and legwork into finding the
high grade coins then you're probably more likely to profit from sell-
ing the proofs. There has been a notable drop-off in quality of mint
sets since '99. They are improving again though.

dakra

I don't think I will ever become rich from collecting but at the very least, I'm hoping buying and selling will allow me to continue the hobby. I'm actually pretty impressed seeing the 1999 Silver Proof sets going for above $100 as I am equally impressed to see how the business strikes are being priced. The Uncirculated Sets can be purchased rather cheaply but if you can find ones that are good enough to be slabbed, it's well worth it... or so it seems. I think from now on, I will continue to purchase a few proofs/Silver proofs but also purchase extra Uncirculated sets.

Thanks Everyone!
-David