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Another silly newbie question. Proof vs UNC
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<p>[QUOTE="thomas mozzillo, post: 3582096, member: 75914"]Welcome to Coin Talk. IMO US coins are a very bad investment option. Especially modern coins put out by the US Mint. Proof coins are not a fad. They were produced to be sold to collectors that wanted a coin as close to perfect that you can get. Personally, I buy only Silver Proof coins in sets. I buy these only to pass down to my children/grandchildren. I hope they will pass them on to their offspring but even if they sell them they'll make a profit because it didn't cost them anything. If you look at the purchase price of US Uncirculated coin sets and the price they are going for today, there's been a significant drop in price. Coin collecting (Numismatics) is a hobby. Some invest in Bullion coins but that too is a gamble. Collecting should be fun. If you have money to invest, go to an Investment advisor. Probably others will disagree but that's my opinion on this. To answer the last part of your question just compare the Issue price of Silver Proof sets, Clad Proof sets, Uncirculated sets and the price they're selling for today. (Purchase prices are n the Red Book).[/QUOTE]</p><p><br /></p>
[QUOTE="thomas mozzillo, post: 3582096, member: 75914"]Welcome to Coin Talk. IMO US coins are a very bad investment option. Especially modern coins put out by the US Mint. Proof coins are not a fad. They were produced to be sold to collectors that wanted a coin as close to perfect that you can get. Personally, I buy only Silver Proof coins in sets. I buy these only to pass down to my children/grandchildren. I hope they will pass them on to their offspring but even if they sell them they'll make a profit because it didn't cost them anything. If you look at the purchase price of US Uncirculated coin sets and the price they are going for today, there's been a significant drop in price. Coin collecting (Numismatics) is a hobby. Some invest in Bullion coins but that too is a gamble. Collecting should be fun. If you have money to invest, go to an Investment advisor. Probably others will disagree but that's my opinion on this. To answer the last part of your question just compare the Issue price of Silver Proof sets, Clad Proof sets, Uncirculated sets and the price they're selling for today. (Purchase prices are n the Red Book).[/QUOTE]
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Another silly newbie question. Proof vs UNC
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