Are proof sets worth investing in?

I'm sure at one time these were already looked through and sealed after. Proof sets from the US Mint didn't come sealed.

 

Log in or Sign up to hide this ad.

I imagine any accented hair varieties have already been checked. And if found, those sets were not for sale in this lot.
Nothing is "unsearched". And nothing is "unopened". Just my skeptical view.

 

1964 Proof Sets didn’t come in plastic holders.

 

Easier to take out and replace an accented hair variety then.
"Early proof sets came in a box. From 1950 to mid-1955, they were packaged in individual cellophane envelopes. From 1955 to 1964, when hard plastic packaging became popular, proof sets came in soft plastic flat packets."

 

Investing, probably not, but if you think that they’re cool and you can spare the cash, why not? Just try not to overpay.

I picked these up today for $42. All 3 sets! No packaging, but I buy the coins, not the boxes, so... score!!!

 

At $25 each, and at today's silver price, I'm afraid you overpaid.

As others have said, the paper envelopes on these sets weren't originally sealed -- but they can seal themselves over time if exposed to humidity.

If they were advertised as "sealed, unsearched" proof sets, you've probably been taken. But there are unmarked sealed-envelope 1964 sets out there with accented-hair halves; I got one myself, for around the same price you paid, several years ago (when $25 was close to the melt value of the set). So you can get lucky; it's just not something to count on.

Welcome to CoinTalk!

 

I would never invest in any coin (again).

However, for those foolish enough to try an old maxim of stock trading still holds true: In order to sell high you must first buy low. Most proof sets have never been cheaper.

These have been getting cut up in massive numbers since the day they were made. I'd guess about 30% of the early dates have been lost to fire and flood (etc) and nearly half the rest have been destroyed. Once they are destroyed many of the coins will be degraded from improper handling.

Don't get too carried away hoarding these. They are beautiful and it's easy to imagine the prices increasing substantially but it could be years and these take up a lot of room. There's no certainty they'll increase.

Of course now days the stock market is more like gambling than an investment and everything else is dangerous.

 

Pilofilm packaging for those years.......

 

Really nice strikes and cameos on those mikenoodle.

 

Thanks! The Delaware Quarter is a little cloudy around the rims, but all in all, the key silver sets, 95, 97, 99 all for under $50. That was too good to resist!

 

Generally, I would not buy mint products until a few years after the mint date. That is what I am doing when buying these.

 

I bought some rather nice MS silver coins from a guy's inheritance and he had 20ish clad proof sets.
The price I offered was higher then the rest of the interested parties for the lot and I figured the proof sets as a door prize.

 

I have had my best luck doing exactly this, except I would wait more like 10-20 years as prices have truly stttked by then.

 

Mike noodle - agreed. A few years after the 1999 silver proof set was released, the ask price went up to around $350. Now you can buy it for $60. Same thing happened for the baseball HOF dollar.

 

What about the 1981 proof sets as some I bought in Dec 1981 contain the type 2 coins. I bought 15 that year and 10 of those came as type 2 . Sent 5 to NCG for conservation and grading and got back 5 SBA Type 2 Ultra Cameo which several years ago were going for 200-300 but I think have dropped now to under 100. But also received 4-5 high mint state type 2 Lincolns out of the same set. The other Type 2’s received are still in the original packages.

 

Also in my experience you collecting coins for investment is not the reason for collecting. I collect and keep because the particular coin is appealing to me. Most I’ve collected have gone down in value but not in the appeal. For example in collecting the state quarters, I have 2003 Ar and Mo graded by NGC PF 70 UC. I collected these because of being born and raised in these 2 states. Back in 2004 these were several hundred dollar coins but now are about $15. I didn’t sell then because of their sentimental value and wouldn’t sell now even at those prices because of what they represent to me. So collect what you love. You will never get rich buying and selling coins or horses as there is always one or the other that catches your eye and you just have to acquire it. Plus horses just eat and poop ha.

 

I think you did ok price wise. Think you were close to dead on in price. Mint sets don't increase tpo often. But the 12 silver is appox 2 bills

 

Question.
Do these prices mean anything ?
Thank-you.
https://www.pcgs.com/prices/priceguidedetail.aspx?c=932

 

Kind of a loaded question. Price guides are never a true measure of the market.