Proof or Uncirculated?

StarSpangledBanner

Hello,
I am new to coin collecting and I am interested in purchasing the commemorative silver coin of the Star Spangled Banner.
My question is: Do you think that the proof or the uncirculated version of this coin will be worth more in decades from now?

LanLord

"Investing" in modern commems for a profit is rarely a successful journey.

There are a few that have done surprisingly well, but most are worth melt.

lasvegasteddy

welcome to the forums...sorry no answer to offer ya
probably both as i'm not buying them...

hockeyfan9

Pick the one you like better. Lanlord is right about investing in modern coins. If you must invest then pick the one with the lowest mintage number.

StarSpangledBanner

Thank you for the reply. If value is not likely to change, which do you think will be rarer?

bidask

If you can afford them, buy both!

SlvrandGld

Uncirculated versions tend to sell less so decades from now they may be a little scarcer but many things come into play for a coin to be a big hit.

MsMorrisine

<< <i>Uncirculated versions tend to sell less so decades from now they may be a little scarcer but many things come into play for a coin to be a big hit. >>



what he said

what LanLord said

the factors that come into play are desirability.

proof ones sell more up front because they are more sought after. in decades? well, population/sales figures may increase the uncirculated prices, but that is only if there are people that want it over the proof.

My prediction is that proofs will be more sought after except in maybe 100 years or so when the set collectors might start considering the lower mintage uncirculated ones as more desirable.

But who knows.... who can predict the future.


Anyway, these designs aren't so popular even today. The lasthot Commemorative was the 2009 Lincoln Commemorative and the Lincoln Coin & Chronicles set. A lukewarm one was the Boy Scouts in 2010, but that didn't even have a fast sell out like the Lincoln did.

My suggestion is to buy what you like of these and don't expect price appreciation from them. (you may even get price depreciation off them)

StarSpangledBanner

Thank you everyone for all your help.

lkeigwin

Buy what you like and forget all about the investment. If you are here to make money you are in sorry company.

But we do like to speculate...
Lance.

drfish

Read Eric Jordan's book Modern Coins - Invest Today, Profit Tomorrow and follow this board's advice if you are interested in investing rather than collecting. Read Ericj96 very long thread on moderns it's around page 2 or 3 tonight.

melvin289

Wait and buy PCGS 69 in either uncirculated or proof. They are a lot cheaper than buying them and submitting them yourself.

Ron

jdimmick

Buy em if you like em, forget about what the value may or may not be in the future.

BillJones

<< <i>Hello,
I am new to coin collecting and I am interested in purchasing the commemorative silver coin of the Star Spangled Banner.
My question is: Do you think that the proof or the uncirculated version of this coin will be worth more in decades from now? >>



Most of the modern commemorative coins have been very poor "investments." Many of them have sold for less than their issue price and have continued to do so until the bullion price of silver and gold rose to the point where these coins had a melt value that exceeded their issue prices.

The mint almost always sells more Proof versions of these coins than the Uncirculated pieces. The reason for this is that most collectors prefer the Proofs. At times the lower mintages for the Uncirculated versions have result in higher market prices on a resale basis. But like their Proof counterparts, most of the Uncirculated commemoratives have sold for less than the issue price except where the bullion prices bailed them out.

By the modern commemorative coins if you enjoy them, but don't buy them as an "investment."

joeykoins

Yes,The question you asked is on every members brain".Will this be a good investment?" Just like one of the members stated, buy coins more with fun, on your mind.Try to collect what you enjoy first, then if your lucky,maybe that coin will,turn out to be a "good investment"?This can be a risky business.I hope I didn't discourage you in anyway!Just given some friendly advise. Welcome,once again to the forum.

CarlWohlforth

I've only seen photos. When I put together a modern commemorative set I liked the "Uncirculated" ones better just because I liked the way they looked. That too is a general statement as there were one or two designs I liked better in proof, but mostly I liked the "Uncirculated" ones.

I quote the word Uncirculated because they really aren't business strikes. They look more like a matte proof to me.

Anyway welcome and have fun!