New to the forum and have decided to start collecting some coins while im still young, hoping that down the road some day I will have some decent value stored away. I have a specific question regarding the sacagawea proof coins. Is the only way to obtain these proof coins new through the annual proof sets with other coins included? Or do they issue proof (S mints) in rolls or higher quantities? Also, from a value standpoint..and I know it probably depends on the specific coin itself, is it more profitable in most cases to collect the proof (S mints) of these kinds of coins? Just from glancing through the most current issue of the Red Book, the proofs seem to be 3-5x more valuable then the UC P&D coin at this point in time. I appreciate any info!!! Thanks J
The mint only sells them in the annual Proof sets. But some dealers will sometimes put together rolls of culls from the Proof sets and sell them. As for a profit motive - forget about it.
Welcome to the neighborhood, Shooter! First, the Red Book holds a wealth of information, but do not go by the prices listed. Fair market value is sometimes considerably less and closer to wholesale prices. When you're asking about the Sacagawea, do you mean the original design that was introduced in 2000 and ran until 2008, or are you referring to the new design which was introduced in 2009 as the Native American Dollar? In either case, you cannot get rolls of proof coins in any denomination from the Mint. You must buy the entire proof set containing all of the denominations. However, that doesn't mean you can't find rolls of single-date proofs. Quite often, dealers order large quantities of the proof sets and submit them for bulk grading. Those coins that don't meet their minimum grade requirements are returned. So, it is possible to check with dealers in your area or some of the dealers who advertise nationally to see if they don't have what you need. The only caveat that I am compelled to offer is that if you are thinking of purchasing these rolls of proof coins as an investment and appreciation down the road, you would be better served putting your money into some other investment whether it's silver bullion, real estate or whatever. Chris
I usually pickup a few Sacs whenever I stop by the bank. I got "lucky" a few weeks back... there was a circulated proof in the five that I bought.
