Anyone out there a proof collector? I'm just starting out and I love the look of them. Curious has anyone got the reverse proofs? They are expensive for me as I'm just starting. But Are they now orth the investment? Or strictly for Beauty Sake
Well regarding your investment question. I believe that pure investment grade bullion should be a government issued coin such as a Maple Leaf or Silver Eagle. I don't believe in using proofs and reverse proof coins as investment. Purchasing them only for collection not portfolio. As an older gentlemen once told me- "The more complex an investment is, the riskier it is"
Quarter Proof sets? ASE Proof sets? etc or just all of them in general ? some recent threads https://www.cointalk.com/threads/mi...reverse-proof-sets.322328/page-2#post-3185304 https://www.cointalk.com/threads/2018-reverse-proof-set-worth-more-whole-or-split-up.323589/ https://www.cointalk.com/threads/reverse-proof-kennedy-out-of-2018-50th-anniversary-set.324127/ https://www.cointalk.com/threads/about-reverse-proofs.324238/#post-3198665
I collect a lot of the silver proof sets which contain all the coins, and also the quarter sets only, also ASE Proofs. Also the limited edition silver sets. such as: and commems
As for the new 50th Aniv. SF Mint Rev. proof set which I think you're asking about, the mintage is 200,000 which is a lot when you consider they're all new, bright and beautiful coins. As an investment, new mint issues tend to drop a little in value, then level off in value. Most of us collectors like to have them just to keep up with the times, but who knows what will happen to prices? You might get lucky and have a bunch of grade 70 coins, or in some cases some very low grade ones, but if you like them , then buy one and enjoy it!
I have several reverse proofs (I particularly like the ASE's), but I got them mainly for the artistic value - they are beautiful! I kind of treat them like a "type" set, in that more than one of a type is not necessary. But that's just me...
Proof sets are plentiful enough that they're not really a viable investment. Buy them because you enjoy them, and pick nice ones that don't have spotty coins . I've mentioned before that the best way I think to buy proof sets is to go to a big show on a Saturday and buy a bunch from a dealer who has to choose between letting you have them at bid (or less) and packing them up and taking them to the next show.
World mints have been doing reverse pproof for years. I actually really like these coins myself because of their look.
So short explanation is that in the 1800s and early 20th century, you can buy individual proof coins at a premium. There were no packaged sets.
I would have posted reverse proofs but I didn't have pics of all my silver proof coins. Something I have to work on. LOL
I have a lot of proof sets simply because I like them. For investment I go bullion. Some have some really nice artwork too. All depends what you like.
I have every proof set lost on some gained on others I collect for fun not investment been that way 60 years since I started I got what I could afford and no more than that
Look in any Red Book: Compare the issue price of modern proof sets with "current value". You'll find it's generally a poor investment. Regardless, lots of folks collect modern Proofs because it's a hobby they enjoy.
Here's couple still lingering on my desktop...... Ya either love these things, or hate them........I love 'em.
