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<p>[QUOTE="cladking, post: 1376094, member: 68"]I'm in complete agreement generally but no agreement specifically. </p><p><br /></p><p>Don't buy any coins for investment but people have been telling me for 40 years that mint and proof sets are a terrible investment and I've bought them anyway. Now there are world mint and proof sets going up twenty to one hundred fold annually. </p><p><br /></p><p>The reason is exactly what I've been saying for decades; most moderns are scarce or rare and even more are in choice condition. They made a few thousand of most dates of Indian proof sets and tens of thousands of most world mint sets. But these sets have suffered tremendous attrition because they have been spectacularly cheap. People quit saving new coins decades ago and this happened all over the world. For many dates there are no mint sets at all and in most cases mint set mintages are low and attrition high. </p><p><br /></p><p>The ONLY reason moderns were and are cheap is that there is so little demand. Now that demand is ratcheting up in the home countries the prices are exploding. </p><p><br /></p><p>It will come to US coins eventually in all probability.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1376094, member: 68"]I'm in complete agreement generally but no agreement specifically. Don't buy any coins for investment but people have been telling me for 40 years that mint and proof sets are a terrible investment and I've bought them anyway. Now there are world mint and proof sets going up twenty to one hundred fold annually. The reason is exactly what I've been saying for decades; most moderns are scarce or rare and even more are in choice condition. They made a few thousand of most dates of Indian proof sets and tens of thousands of most world mint sets. But these sets have suffered tremendous attrition because they have been spectacularly cheap. People quit saving new coins decades ago and this happened all over the world. For many dates there are no mint sets at all and in most cases mint set mintages are low and attrition high. The ONLY reason moderns were and are cheap is that there is so little demand. Now that demand is ratcheting up in the home countries the prices are exploding. It will come to US coins eventually in all probability.[/QUOTE]
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