Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Proof Sets/Worth it
>
Reply to Thread
Message:
<p>[QUOTE="19Lyds, post: 2481966, member: 15929"]For years and years and years, I bought US Proof Sets just to be able to say that I had one of each set.</p><p><br /></p><p>One day, I realized that EVERYBODY has at least one of each set nd that the money I was spending for that privilege I would never get back UNLESS I happened across some generally perceived rarity such as and of the No S coins or perhaps an Accented Hair Kennedy or any number of other popular coins.</p><p><br /></p><p>Once I understood that simply "buying" proof sets didn't require any special skill or know how and that ot was a dead end street from a "numismatic investment" standpoint, I stopped my quest.</p><p><br /></p><p>However, I was as happy as a pig in mud in 2002 when the 1999 Silver Sets Sky Rocketed to ridiculous money and shpuld have rightfully sold the one I had. BUT, this was well before I realized the misdirected efforts of just buying everything.</p><p><br /></p><p>Was it a waste of time? Not really since I enjoyed it while I was doing it. I still have a subscription for Proof and Mint Sets at the US Mint on the outside chance that some "rarity" will surface where I can take advantage of a FAT Market (like the 2012 Silver Sets) but I do so with the full understanding that each set I purchase is just another Beanie Baby or Cabbage Patch Kid that'll need to be stored somewhere until I decide to either: Try to sell them or crack em open and spend them.</p><p><br /></p><p>US Mint sets of ANY KIND are a dead end street in the long run. Short term profits can be made and if anything at all, from an investment standpoint (if thats what folks are REALLY after) US Sets should be considered a STIF or Short Term Investment Fund. Thinking anything other than that is just foolish.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2481966, member: 15929"]For years and years and years, I bought US Proof Sets just to be able to say that I had one of each set. One day, I realized that EVERYBODY has at least one of each set nd that the money I was spending for that privilege I would never get back UNLESS I happened across some generally perceived rarity such as and of the No S coins or perhaps an Accented Hair Kennedy or any number of other popular coins. Once I understood that simply "buying" proof sets didn't require any special skill or know how and that ot was a dead end street from a "numismatic investment" standpoint, I stopped my quest. However, I was as happy as a pig in mud in 2002 when the 1999 Silver Sets Sky Rocketed to ridiculous money and shpuld have rightfully sold the one I had. BUT, this was well before I realized the misdirected efforts of just buying everything. Was it a waste of time? Not really since I enjoyed it while I was doing it. I still have a subscription for Proof and Mint Sets at the US Mint on the outside chance that some "rarity" will surface where I can take advantage of a FAT Market (like the 2012 Silver Sets) but I do so with the full understanding that each set I purchase is just another Beanie Baby or Cabbage Patch Kid that'll need to be stored somewhere until I decide to either: Try to sell them or crack em open and spend them. US Mint sets of ANY KIND are a dead end street in the long run. Short term profits can be made and if anything at all, from an investment standpoint (if thats what folks are REALLY after) US Sets should be considered a STIF or Short Term Investment Fund. Thinking anything other than that is just foolish.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Proof Sets/Worth it
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...