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<p>[QUOTE="Detecto92, post: 1914834, member: 75105"]Consider in 1936 a proof set issued for $1.89, and retails for $7,500 today.</p><p><br /></p><p>A proof set in 1956 issued for $2.10 and is worth $50 today.</p><p><br /></p><p>But, after the 60's, the issuing price and current value are different. Many proof sets are now worth less than the issue price, which means you lost money.</p><p><br /></p><p>The 1994-S proof set issued for $12.50 and is only worth about $5.00 today. The '94 set is 20 years old. </p><p><br /></p><p>Even another 10 years from now, it's doubtful the price will give a return over the issue price.</p><p><br /></p><p>There are tons of mint products worth less than issue price, but tons more worth MORE, but usually only because the price of gold and silver rose since they were issued.</p><p><br /></p><p>However, better returns are often given buying non-mint gold and silver because mint products usually have higher premiums. </p><p><br /></p><p>We look at a new mint product, the HOF series. </p><p><br /></p><p>The 2014 $5 Gold Unc coin issues for $419.75, and has about $318 worth of gold in it.</p><p><br /></p><p>This means theoretically, you have taken a 100 dollar loss against the spot price, which may rise or fall, no one really knows. </p><p><br /></p><p>But...if gold went to $2000 an ounce, your coin would be worth $493, so you would make money.</p><p><br /></p><p>So it makes one wonder if people purchase mint products to speculate the value?</p><p><br /></p><p>If I was 40 in 1994 and purchased 100 1994-S proof sets, I would of spent $12,500, and my investment would only be worth about $5,000 today. I would be 60 years old with no return over 20 years.</p><p><br /></p><p>If I was 20 in 1956 and purchased 100 proof sets, I would of spent $210, and my investment would be worth $5,000 today. </p><p><br /></p><p>If I was 20 in 1956 and simply saved 210 silver dollars, my investment would be worth around $3100.</p><p><br /></p><p>I would be 80 years old today, and made a really good return. </p><p><br /></p><p>Of course, none of us have a crystal ball, nor we can predict the future. </p><p><br /></p><p>So here is my question, are mint products a bad investment?[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1914834, member: 75105"]Consider in 1936 a proof set issued for $1.89, and retails for $7,500 today. A proof set in 1956 issued for $2.10 and is worth $50 today. But, after the 60's, the issuing price and current value are different. Many proof sets are now worth less than the issue price, which means you lost money. The 1994-S proof set issued for $12.50 and is only worth about $5.00 today. The '94 set is 20 years old. Even another 10 years from now, it's doubtful the price will give a return over the issue price. There are tons of mint products worth less than issue price, but tons more worth MORE, but usually only because the price of gold and silver rose since they were issued. However, better returns are often given buying non-mint gold and silver because mint products usually have higher premiums. We look at a new mint product, the HOF series. The 2014 $5 Gold Unc coin issues for $419.75, and has about $318 worth of gold in it. This means theoretically, you have taken a 100 dollar loss against the spot price, which may rise or fall, no one really knows. But...if gold went to $2000 an ounce, your coin would be worth $493, so you would make money. So it makes one wonder if people purchase mint products to speculate the value? If I was 40 in 1994 and purchased 100 1994-S proof sets, I would of spent $12,500, and my investment would only be worth about $5,000 today. I would be 60 years old with no return over 20 years. If I was 20 in 1956 and purchased 100 proof sets, I would of spent $210, and my investment would be worth $5,000 today. If I was 20 in 1956 and simply saved 210 silver dollars, my investment would be worth around $3100. I would be 80 years old today, and made a really good return. Of course, none of us have a crystal ball, nor we can predict the future. So here is my question, are mint products a bad investment?[/QUOTE]
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