I got my first proof coin over the weekend: a 1994-S nickel than I found in a roll of circulates coins It is a gorgeous coin! I'm interesting in buying the proof sets that the mint puts out annually. After doing some research, I've come to the conclusion that the silver proof set is misty likely to retain (or increase) it's value, and I'm contemplating buying the 2009 set, and ask for the 2010 set for an anniversary gift. My question is, is the silver proof set, given the added cost, the correct buy, or is the standard proof set more appropriate? I'm not really interested in the uncirculated both mint mark sets.
Sorry for the typo's my iPhone corrects my mistakes and usually they make more sense (cents?) with the misspelling instead of a completely different word! Misty, read: most
Historically speaking, the silver proof sets have always out performed the regular clad version proof sets. There has always been a significant lesser production number for the silver sets and you have the added value of the actual silver metal content. Supply and demand forces values to increase and remain stable with supply low and demand high. If your budget allows, I'd go for the silver sets. They are really superior to any of the other proof sets. Happy collecting.
I agree with all of the above. Hold a silver proof next to a clad proof, and you will see the difference in appearance. Sold me on the silver sets. TC
Agree that the silver sets tend to hold their value more. Although I was reading that the 2008 proof sets had increased in value almost 3x issue price for some reason while the 2008 silver sets appreciated but by a much smaller percentage. Since last year I am trying to collect at least 5 silver sets per year. I know they're expensive. This is why I make sure and pull out the invoice as soon as I open the box in case the wife decides to peek in.
I like the way you think. I'll have to try this trick. In fact I feel like my wife already does this with the things she buys.
Rule #1 = buy/collect what you like. Do you like the bright white color and the precious metal of the silver coins?? Or do you like the slightly darker color of the clad coins made of the same material as the circulation strikes. Cost might also be a consideration as generally the silver sets cost more. Trying to decide which set has a better investment potential is mostly a guessing game, don't let it influence what you want to collect. If you look back at many years of proof sets the current value of the set is below what they originally sold for, so don't plan on retiring off the investment potential of proof sets.
Thanks for all the info guys. I kind of want to amend the question. I don't mind spending money on something that won't appreciate necesarily, but I would like to collect things that in 60-70 years when I give my collection to my kids or grandkids, I don't want them to take it to a dealer and have the dealer say, "oh, proof sets, yeah sorry that's only worth it's silver content, I don't need the other stuff." I realize no one can predict the future, but I'd like to leave my future family that's not only beautiful and collectible but valuable if they decide not to collect. In everyonea opinion, is the silver proof a good buy, or would the money be better spent on a proof ASE if they ever make them again? I'm just worried about the proof sets taking up a lot of space and depreciating by 50% all the responses have been great. In case you can't tell I like lots of opinions before I buy things!
Thanks for all the info guys. I kind of want to amend the question. I don't mind spending money on something that won't appreciate necesarily, but I would like to collect things that in 60-70 years when I give my collection to my kids or grandkids, I don't want them to take it to a dealer and have the dealer say, "oh, proof sets, yeah sorry that's only worth it's silver content, I don't need the other stuff." I realize no one can predict the future, but I'd like to leave my future family that's not only beautiful and collectible but valuable if they decide not to collect. In everyonea opinion, is the silver proof a good buy, or would the money be better spent on a proof ASE if they ever make them again? I'm just worried about the proof sets taking up a lot of space and depreciating by 50% all the responses have been great. In case you can't tell I like lots of opinions before I buy things!
Why bother. All she has to do is go to the Mint site to check prices, or look at your credit card bill or bank statement. Do you hide all of these, too? LOL! Chris
Nah she doesn't have the id to the mint site and I make a dash for the credit card statement too :mouth:
