First Timer Question - Foregive me

Discussion in 'US Coins Forum' started by MetalHead, May 21, 2009.

  1. MetalHead

    MetalHead New Member

    OK, sorry for this, but I am brand new at this. Over the long term, which have more value - Proof Coins or Early Release Coins.
     
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  3. Daggarjon

    Daggarjon Supporter**

    no such thing as early realese coins so the question is an easy one to answer. PROOF.

    the whole early release thing is a suckers game... a gimmick made up from the grading companies. You cant tell me that a last coin struck on the die at day 30, is better then the 1st coin struck on a new die on day 31? i dont think so. So the TPG's grading the first 30 days as early release and then making those coins sound better in quality is a silly gimmick. Dont waste you money on that :)
     
  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    Early release is a fantasy Metalhead. Stick with proof.....
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins

    Geez Dagg, you sure are quick on the draw (LOL).....
     
  6. byrd740

    byrd740 Numismatist

    I agree with the others First-Day-Covers are way overrated. Stick with the proofs. BTW, WElcome to CoiNTalk!
     
  7. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    I don't know how the two compare?

    Proof vs. Early Release

    Proof is a type of coin, and early release hunk o junk label, used, so that the TPG can make more money
    If you take a Regular Coin or a FS or Early Release coin, out of their labels, you can not see the difference, because there is none :)
     
  8. MetalHead

    MetalHead New Member

    Follow Up - First timer

    OK, I had read that the First Strike was not lagit so I was calling it early release. I guess my real question is which has more value long term, an MS70 Proof or an MS70 uncir coin. If I held both for 10 years, does the proof still have a better value.
     
  9. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Depends on Demand of the coin, and mintage of the coin

    If the uncirculated coin is lower mintage, and has higher demand, than the uncirculated coin is worth more, or vice versa for the proof
     
  10. MetalHead

    MetalHead New Member

    OK, I had read that the First Strike was not lagit so I was calling it early release. I guess my real question is which has more value long term, an MS70 Proof or an MS70 uncir coin. If I held both for 10 years, does the proof still have a better value.
     
  11. MetalHead

    MetalHead New Member

    I started by collecting Silver Eagles (20 coin rolls). I was thinking of collecting the uncir or proof in MS 69 or MS70. But someone told me that the Silver Eagles do not have numastic value. Is that true.
     
  12. byrd740

    byrd740 Numismatist

    Well, if you are wanting to compare the collectability of a regular business strike and proof coin, you are trying to compare oil to water.. There are a lot of variables involved like the availability of certain grades(ie strike quality), mintage and many other things I can;t think of at the moment.:whistle:
     
  13. Joshycfl

    Joshycfl Senior Member


    Ask him to look at the 1996 ASE.
     
  14. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    You know I used to be big on thinking that, but now, I'd say that silver eagles, or more of a bullion coin
    You will never be able to complete a Proof 70 or Mint State 70 Silver Eagle set, and the prices are ridiculous!
    Why pay premiums, when you could have the same coin, that looks the same, for less?
     
  15. green18

    green18 Unknown member Sweet on Commemorative Coins

    Lightning don't strike twice in the same place.......:D
     
  16. PennyGuy

    PennyGuy US and CDN Copper

    I always thought lightning can strike twice, except the place it struck first isn't there any more :D Sorry, couldn't resist
     
  17. MetalHead

    MetalHead New Member

    Thanks for the reply. If I pay $40 for a MS69 2007 Silver Eagle today, will it ever be worth more in the future. I started out wanting to invest in PM and have taken a liking to the hobby. I am trying to figure what coins to collect and if certified coins are worth the premium over just buying regular strike coins.
     
  18. green18

    green18 Unknown member Sweet on Commemorative Coins

    Let me get my crystal ball......:)
     
  19. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    It depends on the coin

    If it is a modern issue coin, not so much

    But a BU Raw Gold $2.5 Indian from the early 1900's, will be worth less, than a MS63 Graded Gold $2.5 Indian
     
  20. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Depends on coin, mintmark, mintage, year, series...
     
  21. MetalHead

    MetalHead New Member

    Thanks, I feel like I am already learning. Things to think about.
     
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