I Can't See Modern Proof Coins or Sets Appreciating

joltinjoe

much unless it is a Gold or Silver Eagle for the appreciation of the Gold or Silver itself. The reason is because there are so many and most will probably be kept for the most part in great shape. Do you agree?

merz2

Both of you need to do a search on Ebay completed auctions on the 199 Silver Proof Sets,for the last couple of months.

CLASSICS

it comes down to supply and demand. if 10,000,000 people suddenly want them, chances are the price will go up, in 5 years from now they become just another coin, they very well could end up selling for lower than what was paid for them, common coins are just that, common, but if you like them, and you enjoy them, go ahead and collect them. i do have a few of them, why? because i like them, but as far as any kind of investment, it never crossed my mind.

GP

Well modern sets contain state quarters, when the state quarter program gets closer to an end, many people are going to decide they should of collected them . or decide to get them for newborns etc..
Many of the "non collectors" that bought them will have them in a closet somewhere, which means the only ones for sale will be collectors and investors, which is much less than the total made. I think the prices will go up, at least for a while. the 1999 sets are already going for a decent amount.

CLASSICS

hi again, what does the future hold, so many factors come into play, the bottom line as you ,and i say will always be demand. do i see a big demand for them in the future, no, nor do i think they will be any kind of investment for long term. sure, there might be price swings as time goes on, fads come and go. one year collectors want this, the next year collectors what that... it has always been shown, rare coins are just that...rare.....commom coins are just that...common.... when all is said and done, if you like it collect it, and enjoy it.

IrishMike

Yeah me either that 99 silver proof set I paid $31.95 for only sold 2 weeks ago for $120. Bad investment on my part. Glad I only bought 3.

Coulport

Promotions come and go as do fads.
While you are searching for the latest prices on 1999 silver proof sets you might also do some research on what 1973-S brown box Ikes sold for at their peak. ($150 if I recall)

CLASSICS

<< <i>Yeah me either that 99 silver proof set I paid $31.95 for only sold 2 weeks ago for $120. Bad investment on my part. Glad I only bought 3. >>

..............your proof set for 31.95 ,and then was sold for 120.00, yes, short term was a very good investment, who would complain? not me. a complete set of superb peace dollars which i put together, with the help of at that time the silver dollar king, wayne miller for less than 2,500 dollars ,and later resold for over 10 times what i paid for them. that to me is an investment. collect what you like and enjoy them.

cladking

I'm not the biggest fan of the proof coins either. It's not because they are too common
or because the demand will always remain limited. These sets were made in large quantity
but have suffered horrendous attrition over the years. While there are near ample quantities
for most at the present time the influx of new collectors is putting some strain on supplies. It
is this which is feeding the growing retail segment of the hobby. If these remained in the vast
quantities in which they were produced then they would be ubiquitous and impossible to sell
except at wholesale. While the set supplies are dramatically reduced, it should be remembered
that most of the coins removed from these sets still exist in their original condition. If the num-
bers of new collectors grows to just half of the number that colleced in 1964 there could be sig-
nificant appreciation in these coins. Remember too that the modern proofs are a different mint
mark than the regular circulation strikes and a larger percentage of the people who collect these
include the "S" mint proofs.

One final thought; If they could sell an average of three million of sets containing the much hated
clad coins which few of the buyers collected then how many have survived to today when people
are beginning to actually collect them. ...and how much demand can develop?

The biggest drawback of the proofs to my mind is simply that they cost more than the scarcer uncs.

DHeath

Amen,

Collect what you like. Price pollutes that process. If the price of your collection is your focus, you miss the beauty of the coins. As for the proof sets appreciating, probably, but very slowly. I'd say they have as good a chance as any readily available mint product. They become less available in pristine condition every year. I still like them, and buy them regularly looking for coins for my danscos. They really are pretty cheap right now, and once in a while I find a keeper coin.

My latest...$11 per set. Not too expensive.

I sure hope the Ikes are nice.

CLASSICS

<< <i><<collect what you like and enjoy them>>

What a novel idea. No truer words were ever spoken. And it doesn't even have to be coins either. >>

.............hi baseball.........true words back then and now, always collect what you like, be they coins or baseball cards or even antique cars. if the day ever comes you wish to sell, hopefully one can see a profit.... i remember well when a very good friend of mine said he wanted to collect mickey mantle trading cards, the chuckles and the laughing all happened behind his back.... back then, no one would have ever thought them to be any kind of investment. why who in the world would spent money on a piece of cardboard? pcgs started the coin slab craze, and they started the psa slab craze for grading trading cards....he was a very fussy type wanting only the very best. as a matter of fact he purchased many of those cards always upgrading to the better cards... to make a long story short, my wife an i spent many a happy hour with him and his family in his new beautiful waterfront home in florida. i guess you could say he had the last laugh, as the folks that laughed at him are still trying to sell new stuff.