What are fair buy prices for the US Mint Silver Proof set with original mint boxes and COA for years '05-'07. thanks
In this part of the country they are weak, very weak. In this part of the country they are weak, very weak. You would be lucky to get 40% back of bid. Mint and proof sets and modern commens are the worst investment is all of numismatics bar none.
Not that I have ever recommended any coins as an investment, I disagree. Look at the Clad Proof Sets of 1999, 2001, 2004 and 2008 and the Silver Proof sets of 1999 and 2001 for proof (pardon the pun). Someitmes they go up, sometimes they go down and nobody can make rhyme or reason of why certain years are more popular than others. My thing is that if you buy them from the Mint at issue price, you really can't go too wrong. This is not to say that you should buy 10, 100, or even 1000 sets as I believe that this is a disaster waiting to happen. Buy as many as you want for your collection, don't speculate in them to sell them.
reply :vanish: Not trying to steal your thread but i have a 81 set s mint i cant tell if it is type 1 or 2 cant get a good image unless i open the set then it is not a set? What to do Ps again sory if you get insulted
I'm not looking to invest. I just see the price has dropped almost to the cost of a clad set in some cases. I need the proof dollars and thought about bidding cheaply on some until i won some, than crack the dollar out and sell the rest and try to get some of the money back, just thinking.
Davemac, as I understand it is that all proof sets should be a wide A M. If this is true then you can check a few areas onthe the cent. The initials ' FG ' should look just like I printed them. They should also be very close the base of the right stairs. Then , naturally, the A and M SHOULDN'T touch. The M and E in america should have the same spacing as the rest of the letters. Here is a rule to use: F AND G close to stairs equals Wide A M. F and G farther away from stairs equals close AM.
Tater, it sounds to me like either you pay US Mint price or win on bids you come out on top. What made you collect silver dollars to start with?. Seems it would be an enormious and expensive undertaking. Good luck.
I enjoy collecting silver proof sets for no other reason than they're "silver". I don't invest in them, I hold 'em. They become a part of my collection. Kind o' like when I was a kid and everything that was minted (well most everything) was minted in silver.....:smile
I think both points have merit. There have been a couple modern releases over the years that have been very profitable. But, it has been very unpredictable and therefore a very bad investment. I feel that older coins are much more stable and have a better return a higher percentage of the time when compared to moderns. I wouldn't recommend investing in coins to anyone (other than just bullion value)...but the gross unpredictability of modern coins makes them a particularity bad investment. I can't seem to find a picture online that compares the two types. If you have a red book, there are pictures in there in the SBA Dollar section.
Basicly it's the "s" mint-mark on the SBA dollar that determines which type you have. The clear (and easy to read) "s" is the type 2 I believe.
