Newbie with questions

Discussion in 'What's it Worth' started by sabatca, Jul 29, 2006.

  1. sabatca

    sabatca Junior Member

    Hi Folks.

    I've been accumulating coins for a few years now. I won't say collecting because I really don't know much about it and as I've been reading the forum some of it s a bit confusing. Anyway, what I have been doing over the last 6 years or so is buying eagles, mint sets (silver and otherwise) and special coins directly from the mint. All in original boxes with COA. Someoe told me that I should have them slabbed and graded. I don't really understand why if They are directly from the mint in original packaging.

    Are these going to be worth anything down the road?

    Ex: Silver proofs since 1999, All silver mint sets since 1999 all uncirculated sets from the same period

    Silver 50 state quarter proof sets

    Also Envelopes from the mint with a 50 state coin and a stamp. I've looked around for them but can't find any gerneral value. Any help is greatly appreciated

    CJ
     
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  3. gxseries

    gxseries Coin Collector

    Perhaps you might be right. If they are directly off from the mint in original packaging, I would recommand you to stay put from the slabbing idea. Slabbing is only good if your coin is spectcular, i.e. the most perfect MS-70, proof etc, or if it is an unusual error, which is worth slabbing.

    Else I don't see a reason why you should bother about slabbing. Slabbing each coin is around 10 dollars each (if I am not mistaken?) so in my opinion, not worth your time and money.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    Howdy sabatca - Welcome to the Forum !!

    Some of those sets are worth a pretty penny already, others are worth about what you paid for them.
     
  5. bruce 1947

    bruce 1947 Support Or Troops

    Welcome to our forum glad to have you.:hail:
     
  6. sabatca

    sabatca Junior Member

    Thank you all for the welcome!!!

    CJ
     
  7. Mikjo0

    Mikjo0 Numismatist

    The 2003 silver and regular proof sets have almost doubled in price and the 2004's have almost tripled,but these are the exceptions.Most are only slightly above issue prices.There is no such thing as a "silver mint" set though
    ( mint set=uncirculated set)
     
  8. Indianhead65

    Indianhead65 Well-Known Member

    Welcome to the forum!!!
     
  9. Coinlover

    Coinlover The Coin Collector

    welcome to the forum! glad to have you!
     
  10. Just Carl

    Just Carl Numismatist

    Welcome here. I would suggest you get a copy of the Red Book by Whitman Publishing. It is not the greatest for prices but will give you an idea of what you have. Also, you may want to make a list of what you have in order to keep tract of it. If you know how to use Excel, just make a spread sheet and list things like type, date, approx cost, approx value, etc. You mentioned you are not a collector. Look again at what you have and I think that does make you a coin collector.
     
  11. chop45

    chop45 New Member

    Welcome to the Forum!!
     
  12. bickfarms

    bickfarms New Member

    I like the Silver Eagle also and likewise have proof sets and legacy sets, untouched by grading companies. The primary difference is if you do it for pleasure and the beauty of them as is.... However, in order to make them different from the millions (or thousands) of others struck that year, they need to slabbed and graded by NGC or PCGS (personal favorites). Once they are different...they become worth more...hopefully at ms69 or 70...or proof 69 or 70.
     
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