investing in yearly mint sets?

My dad had actually started a set for my sister and I back in 99 when they started the statehood quarters...got one from both Philly and Denver all the way through 2010. Wish they were silver proof sets but still pretty cool none the less. If you're a collector go for it...for investment...probably not much.

 

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If you have only one of each coin, it sounds more like a proof set - a mint set would have one of each coin from each mint.

 

I would avoid investing in coins. They are unpredictable and typically aren't a safe investment. Collect because you enjoy doing so. Pick a series you like and focus on it. I would avoid combining a hobby and an investment.

 

One of the great things about this hobby is you can define a collection or a goal anyway you want. For example, I too love Lincoln wheat cents. I just recently finished my 1909-1958 collection. Mine are all circulated and some are not in the best shape. I decided to do a standard date and mint mark set...no proofs or varieties of any kind. This way, I avoided the 1922 No D and the 1955 DDO...both very expensive coins. Now, that being said, my set still contains a couple expensive coins...namely the 1909-S VDB (XF grade) and the 1914-D (G at best). It's not an inexpensive set, but many of the coins are and the couple that aren't...well that's what setting goals and saving is for.

It took me the better part of a decade to put mine together because I was limited for income. I started the collection when I was in high school and didn't finish until I had a doctorate. Looking back, I wish I had done some things differently, but I'm still proud of my set.

The one thing I see with my set that I wish I had done was establish a quality standard and stick to it. For example, if I had only bought coins F-VF in the 1909-1935 range it would have cost more but the set would have been much nicer. I wish I had decided to spend a little more time and get a better quality set...as now I feel like much of the earlier dates need upgrading, But like I said, it was still fun.

 

I now buy only the silver proof set. I used to buy them all, every year starting from the 1970's until 2010. I now have a suit case full of mint production merchandise. Yes, an actual suit case. Yes completely full. I have duplicates and triplicates on them all. I have been trying to get my money out of them since 2011. However, I do plan on keeping all the silver proof sets. I still have many circulation sets, dollar sets, quarter sets, bicentennial sets and regular proof sets to liquidate. Consider the fact that I am a classic coin collector, I made a serious mistake investing out of my realm. Definitely have a plan and direction to follow before going to far. It is a real pain to undo an error of this magnitude.

 

I'd say no, but only because they seem to go down after while. They're are a few exceptions though, mainly the very first few sets released and a few later ones. The downside though, is that these sets are very pricey themselves.

 

We have a subscription with the US Mint for Silver Proof Sets. We get 3 sets every year for our grandkids future and put them in the safe. I was recently pleasantly surprised at what the 2012 sets are priced at in the secondary market.