Are proof sets worth investing in?

Silver proof sets are worth investing in, especially if you can get a discount due to the depressed silver spot price. Because from an investing viewpoint you are buying low compared to historical highs on silver. If silver goes to $50 an ounce again then that investment will pay off.

Clad ones really aren't worth investing in because only numismatic appreciation will drive the price up. But realistically they would only gradually move up in value over a long period of time, and that's best case scenario.

 

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Are proof sets worth investing in?

I would say yes, if they are before 1936.

 

Stumbled upon this thread, but recently started acquiring proof sets -- not for investment, but because I think they look great. With different sets of quarters each year since '99 it just adds to the appeal for me. Eventually will try to get all from this century to get a complete set, but I never bought coins off of ebay before so I am holding off while I test the waters and wait for a few sets to be delivered first.

The only thing I can't really make my mind up on is if I go all silver, clad, or just get both going forward. Hasn't arrived yet (from the mint), but I picked up the 2017/2018 proofs in both just to have them.

 

Ty, be careful buying proof sets. Many are overpriced and dealers typically pay only a fraction of the greysheet prices

 

Thanks for the info. Yea, the ones I bought on ebay were around $10-$15 (one of them even silver). Just testing the waters. I am new to this and not quite sure what the graysheet price represents. The most expensive ones I bought were the current ones from the mint. Not looking to ever really flip these. I just think they're really neat with the quarter variations. Amassing prior '99 sets with pretty much the exact same coin designs, but with a different year doesn't interest me much, but if they can be had for only $10, it's hard to just not pull the trigger here and there.

It's going forward for new sets I am unclear of how I want to do it.

EDIT: Found the sheet. Apparently it actually is called the "Greysheet". Was expecting that as a nickname, but it is what I was thinking. Good to know!

 

With so many sets being cracked out i can’t help but wonder if the ones still in original packaging will eventually trade at a premium. As for investing, however, I would be careful not to pay any more than the rock bottom prices they are trading at.

 

Interesting zombie thread I don't think I've ever seen.

Coins in general are not worth investing in (proof sets included).
There are much more prudent investments that can be made.

 

no

 

The silver coins will fluctuate with the price of bullion. The rest of it has been stagnant for years now. There are exceptions for exceptionally toned coins and cam/dcam coins for scarcer issues (much, much earlier than you are referencing), but generally the 1968 to present market is dead. There are a few interesting variety pieces (i.e. no "S" coins), errors, etc., that may appreciate but those would be the exception rather than the rule.

 

I think when mintages are only 3000-6000 pieces it would be dumb not to invest.

 

I thought the same for the gold First Spouse coins. It wouldn't have worked out very well. Doesn't matter that the mintage was only 3000 if there are only a few hundred people fighting over them...

 

I would stay away from any mint sets post 1964, except for the SMS sets. The older the set, the better, as long as it is complete.

Having said that, the real deals out there for good mint sets are in world coins, not US.

 

If you want to open the sealed envelope and check for accented hair coins, a little secret , Boil water in small pan and use steam to unseal. Then reseal, really works like a charm.

 

From previous discussions here, the envelopes weren't sealed when they were issued by the Mint. Sure, they could have stuck shut over years of storage -- but "sealed envelope" is more likely to mean "we checked for anything good, didn't see anything, and sealed it up so we could sucker someone else into buying it".

Oh, and you can buy all the "original envelopes" you want on eBay.

The one accented-hair Kennedy set I have came to me unsealed. I found it the old-fashioned way: by accident, bought from someone who didn't know to look for them.

 

If nobody wants, cares, or seeks them then it doesn't matter if less than 100 were made. The old adage 'supply and demand' comes to mind.......

 

How about proof Silver Eagle sets? Are they worth the price?

 

Not for me

they have fallen out of favor especially non silver

 

That's entirely up to you. Do you like the look of the proofs, and enjoy having them? That's what would make them "worth the price".

If your definition of "worth the price" is "I can count on selling them for at least what I paid for them", I'm afraid you're just in the wrong hobby. The Mint sells these at a hefty premium, and any dealer must buy items at a lower price than they sell them for, or they won't stay in business.

 

A nice silver proof set is the 2012 & also pricy

 

But, even for that one, not as pricey as it was a couple of years ago.