1964 Silver Proof Set

This is the 50th anniversary of the Kennedy half dollar, and the Mint will be issuing some special Kennedy coins to celebrate. 1964 was the first year of the Kennedy half.
I was wondering if the 1964 Silver Proof Set might be a good investment@ < $30?
1964 was also the last year of 90% silver coins so would that improve the collectability of these sets?
I see that more than 3.9 million sets were originally produced.

What are your thoughts?

 

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Proof sets are not a good investment. The '64 included.....

 

By the way, 1964 was the 1st year they minted the coin and 2014 is the 51st year they've minted the coin.

Same thing happened with the "100th" anniversary of the Lincoln cent in 2009.

 

I agree.

 

Last time silver surged, a LOT of 1960s Proof Sets were, umm, disassembled for the 3 silver coins. The Mint has struck so many Proof this-and-that's, it costs a fortune to acquire a "complete" set, thus hurting the price (and demand) for common sets too.

 

The 1964 Proof set cost $ 2.10 direct from the US Mint in 1964. My dad bought 25 sets, sold some at a profit that year. I think I kept 10 sets. My ex-wife took them during the divorce. BAD investment !!!

 

I think any CT-er who has a flaky spouse should invest $100 in shiny Chinese fakes, and taunt her with them, now and then. And keep them in a cigar box on the dresser.

 

I have found pre 1955 proof sets to be a pretty sound investment if you buy them properly, but everything after that is way too common to ever show any great profit. I have ten 1936 sets that I bought when my son was born earmarked for his collage fund if he keeps his grades up. If he doesn't, I'm going to add to my St. Gaudens date set.

Doug, you ain't right, but I wish I would have thought of that when I split up with my wife several years ago.

 

I picked up a couple of 59's, year of my birth, cool,but no big thing.

 

How many coins in each 1936 Proof set did you get? Couldn't you buy each coin individually? Two types of Lincoln's, two types of Buffalo nickels and one each of each other denomination. Very cool set........and you have 10? That's a great investment.

 

What do you mean by two types of Lincoln and two types of Buffalo? The standard set is 5 coins, period.

 

The cent and nickel came in satin and brilliant finish.

 

I think all the coins came in both finishes.

And yes the coins were sold individually, but nothing kept you from buying one of each for a "set". Unfortunately there is no way to know how many actual "sets" were purchased, just the total number of possible sets that can be theoretically assembled.

 

Agreed. These sets are quite common and I don't see the demand going up enough due to this anniversary set being released to cause a significant price change.

Hey...1909-2009 sounds better than the true 100 year 1909-2008. Plus, maybe we aren't that good at math.

 

If you got married on Jan 1 1964 you would be in your 51st year of marriage, but Jan 1 2014 would be your 50th anniversary

 

Yes, I guess it is a matter of when you celebrate 50 years - during the 50th year or after it is completed (i.e. during the 51st year). Blah blah blah.

 

Well I have bought a few for around $30. I happened to get lucky and get an Accented hair Cameo.....that one paid for almost all of mine.

 

What about the 2008 quarters?


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Lets see how long their value holds. Yes, it is still above the original issue price...but that might not last. Historically, proof sets are not good investments. Look at the 1999 silver proof set. It was WAY for for a while ($300+) and then it came crashing down. Yes, it's still above its original sales price, but if you paid $300 for one you probably don't think it was a good investment.

 

I agree that proof sets are not a good investment overall but I bought the 2008 quarters for around 15 and sold it for 54 a couple years later. If you time it right, it is possible to profit but I agree it's not common.


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