Well...sweetpea...you NAILED it. I would advise...although i am far from an expert...just buy a PCGS dime in a screw...or THE GORDON'S FISHERMAN NICKEL. JUST SMILE. YOU KNOW WHAT? WATCH THESE SETS TAKE HIGH AUCTION RESULTS. NEVER DOUBT !!!!🐆🐆🐈🐈🐃❤
I just bought collection of these from a guy I know who's brother was a collector. I found a 1970 S Small Date Proof Penny. I overpaid for the collection which had 30 proof sets. Half the sets had silver and the fact that I found a scarce coin made it all worth it.
Hi Daniel, I used to collect both silver and clad proof sets. But when I took my clad proof sets to my local coin shop they were not interested, so I sold them on craigslist and recouped some of my money back. now I only collect the silver, that way they have at least the value of silver. I believe that the mint produces a much higher quality of coins in the silver sets compared to the clad. Someday I would love to see you do a video on native American coins. I have been collecting them since 2000. Thanks Daniel
I bought 20 silver proof sets (red boxes) from the mint. I was shocked they started selling for less a couple of years later. When silver prices started going up, they went back up too. I sold all sets just to break even. Moral of the story is, if you just want fantastic coins to look at, this is great. Don't buy them to turn a profit.
Great information about the different proof sets. Quick and comprehensive. I like the early proof sets for the possible errors and cameos, which are rare, but can be found.
Thanks for letting us know about the different packaging to silver content. I have started collecting proof and silver proof sets going back to the late 50s. I plan on these being kept for the long haul and passed down to my grandson, so the market price fluctuation is not a concern, except it makes it easier for me to complete my collections.
ISN'T he SOMETHING? Pay ATTENTION. Oh....hope your head didnt explode though. I am his silly commentatar? Funny thing...never met any of these gentlemen. They SHOULD all get together...and plan a seminar and we should go see all of them. A TRUE dream...just stinkin thinkin❤✌
Wow, this is a great video! You are a walking encyclopedia on coins/numismatics (I had to look that word up)🙃and after I write this note I’m going to listen to this video again because you can talk faster than I can think, (that’s a good thing) your a blessing to so many!!
I love to collect the silver proof sets mainly 1964 and prior and also the silver mint sets the p&d. Also the double mint sets just look great coins occasionally a few full Bell line coins as well thanks again Daniel you're the man!!!!
My wife's grandfather had tons of these. After he passed away we helped her mom go through all of his stuff, and he had boxes and boxes of proof sets, silver proof sets, and stuff from Franklin mint. He collected everything, coins, baseball cards, anything he thought would be of more value some day. If I could go back in time I'd tell him to forget the proof sets and stack some Eagles, or Morgans, or bullion bars instead, lol. Btw, great video and I love your channel. As a silver stacker/noob coin enthusiast I think you have one of the best channels on RU-vid, just facts and first hand knowledge, no clickbait BS :)
Am glad am both a stacker and a numismatic and know the difference. I used to mix the two now I enjoy collecting more than stacking. I collect what I like first and foremost resell value doesn’t even enter as this is the side I don’t sell. My selling silver is bullion, coins are collectible to me even in clad and yes am a big proof sets fan got a few.
Excellent information. Consider this: If the high rate of breaking out coins from proof and mint sets continues, a complete proof set or mint set in OGP may well become a rarity. Plus if more completist type collectors come into the market place, demand for modern proof coins most likely would increase. Investing in Proof sets is a long long hold. If you can snare the silver sets cheap and have the room, probably a safe bet, otherwise an investment in the stock market, or a MS classic oldie would have performed much better. Proof set coins and mint set coins are such a thing of timeless beauty, and perfection, that they can really demand our appreciation.
BOYFRIEND...you are. so correct! I have PERSONALLY been to coins dealers locally and they explained to me they have so many of some of these sets its hard to practically give them away.So sad...however let's keep our enthusiasm up and hopefully THE market will come around 💕💕💕💕💕💕💕💕💕💕
Good Video, At One Point I had over 3000 proof and mint sets , when silver went up i sold them for melt value it was a shame, i made alot of money but it was kinda sad,they lost their Intrinsic Value , Now i have no sets I really miss the old mint sets The are still a good value you can buy a 64 proof set cheaper than a new set go figure ...
Good video. I have bought sets mainly for birthdays but for a variety or error I believe that there is no way a dealer us going to allow a good variety or a rare error leave his store.
Hello Daniel, I collect Proof and some Clad Coins. But They mostly go in my Dansco and Whitman Coin Albums. But I will collect some Silver Proofs for my over all collection. Take care.
So personally I collect all of the sets mint, proof both clad and silver and I do not collect anything to put in a book from 1956 on. The others I just see as etsy at the US Mint materials. Most of the bullion are nice to have. Watching this makes me want to drive to Ohio and pick any that would fill gaps in my collection.
Well now.Afternoon.my darling "Mr.Malone.HOW ARE YOU ? WELL I CAN WISH YOU AND MR.BAKER AN AWESOME WEEKEND. YOU ARE KIND HONEST AND DOWN TO EARTH. I LOVE YOUR KNOWLEDGE OF THIS BUSINESS. THANK YOU FOR LEARNING ME SOMETHING NEW EVERY DAY.❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
This was great, I've been looking for "what coins should you collect?" for a while now, and I think this has helped. You ever tried - Wonenry Sonucas Approach - (do a search on google ) ? Ive heard some super things about it and my partner got amazing success with it.
When they started producing proof sets for collectors the value in them went down because they became common like the uncirculated, there was no special rarity in them anymore. Proofs are as readily available as BU now, that is my opinion anyways. Like you said, only early ones and specialty/limited ones are worth a premium now.
This reminds me of the boom in 90’s comics. Everyone noticed they could be collectibles and therefore massed produced them. Making them very common. I could still buy X-men comics from the 90’s for $5. But proof sets to me are something to admire and look at. They are beautiful and just to know they haven’t been in anyones pocket and they are the best condition coin you can get.
Like?! Why would I "like" this video?! NO...I'm just kidding! But you did bust my collecting bubble. I have oh, idk, 50-60 (or more) Mint Sets both clad and silver. I have a couple that may be valuable but the majority are now just taking up space. Maybe I should bust them up and sell individual coins. idk......
I think some of the modern silver proof sets (2000-2006) are worth picking up if you can get them cheap. I'm buying them for 17x the face value of the silver coins in them.
Started with collecting proof sets 1962. Paper Route Coin Collectors 😎 Looking Forward To Seeing COOL 😎Coins! Fort Lauderdale 🌴BEACH FUN Show of Numismatic Coins! 😉THANKS Again!
Hard to swallow but it does make sense. "Silver Proof" sets are not for investing. I started buying the annual sets from the U.S. Mint, both the Silver Proof sets and the American Eagle Silver Proof back in 2000. Not as a "collector" really, but as an investment. Just seemed logical, such beautiful coins would have to be worth more years from now, right? Nope. Unless the price of silver soars dramatically. Better off buying low-premium bullion and actually saving money.
My sister has a big set of 1977 proof sets with no denomination. They have stamps and stories with them. About the size of a silver dollar. One is a 20th anniversary of space.
@@stopasking9745 Generally I prefer to leave them in their original packaging, but anything predating 1968 I'll put in plastic Capitol holders because it protects them better, and to be honest they look a lot better that way.
I like collecting proof sets. No matter what coin you have, you will always get less than what you paid for them when you sell them. It's a hobby only. I remember buying gold coins at a coin shop. Then my dad needed tires on his car. So I had to sell my gold to help him get the tires. I got about half of what I paid because I didn't realize that they were cleaned with steel wool. He really ripped me off. Sold junk for a premium then gives you nothing when you sell to him. So again, it's just a hobby and hobby only. So don't spend more than what you can afford to lose.
It's a longer term hobby. I've watched coins grow in value since I was in grade school. I grew up flea marketing and garage sales, dumpster diving. I've basically been a collectibles dealer all my life, but coins have stood the test, especially gold and silver coins. When I first started ebay you could buy $20 gold coin for around $700, now you can't touch one for much less than $2,300. So you do this long term.
Ya it’s a shame proofs aren’t as popular as they once were. Proof coinage are truly the closest representation of the artists’ work. I feel with the increase in mintage numbers, decrease in the hobby in general, and lack of precious metal content involved all played a part in the devaluation of modern proof sets. I’m currently putting together a 20th century proof type set PCGS. It amazes me how expensive some of the earlier ones are. For instance the Morgan proofs from 1900-1904 range in the lower grades 2-4K. However it makes sense because of things such as their mintage of anywhere from 550-650 coins barely. Anyway, just my two cents!
Very informative video. I bookmarked it. I personally have only bought one proof set, the 2019 silver, because it was the first year they did the half, quarter, and dime in .999 silver. To be honest, I personally don't care about any coin minted after 1964, unless it is at least 90% silver. I may even crack open that proof set and send the silver coins in to be graded. Again, thanks for the video. It will help me to stay away from any proof sets that don't contain at least 90% silver coins.
I only collect individual coins 1964 and earlier. I get standard proof and uncirculated sets from coin shows out of dealers bargain bins. This is an inexpensive way to collect modern coins while saving my money for older individual coins.
I like them. Low mintage alone is worth having them. I have all proof sets from 54 to 2021. Broke open put into 2x2s and in notebook binders. They are the most detailed of coins. You collect uncerculated and business coins due to low mintages. Proofs are lower and quality of coin is better for the price. I dont understand the hype of not collecting them myself. Maybe because they keep getting a negative review. I will collect them.
If you're trying to get someone started in coin collecting, the good news is most proof sets since 1968 are quite inexpensive (1964 and earlier get a little more expensive, and anything before 1955 is very expensive). It's an interesting way to get started.
Last two coin shows - I was the ( 63 year old ) “ teenager “ there ! 😂 Lots of nice silver headed men in walkers and canes and NO YOUNG PEOPLE IN THE HOUSE 🏡
I'm just getting into coin collecting, only because I saw a very very shiny coin that I can almost see myself on it, and it was only uncirculated that i realized. Now I wonder how proof coins will look. I'd like to have it as a cool thing on my shelf but probably not to invest.
Good video Daniel, proof sets not being collectable (that valuable) was one of the first things I learned when I started. Grading is another story.. my 67,68 come back as 66,65. Lol I need someone with a big name to submit them..
@@CoinHELPu so now you have to sign in to haratage to view the the high resolution photos of the auction . But they are not high resolution.. they are worse. Someone is listening to the complaints and observations..
I've got a coin guy who is sitting on crates of silver and clad proof sets. He's even sold me a couple years at spot price plus a percentage. He got a whole bunch graded and lost his ass on them. Though he did have a couple come back pf 70 ultra and dcam. The only way he'll ever get his money back is when silver hits $50 an ounce.
Why does the 2012 set sell for more than the other sets? What type of sets are the rare 2012 sets? Thanks for the informative vidio Daniel, you will be blessed for those that give never do without. Be well.
Do you have your own collection? I listened to coinweek podcast episode and that dealer has a personal collection. I am really curious as to dealers and if they collect and how they seperate their collection from their business. Thanks for the video. I try to collect modern silver proof set and I am not really looking to make money off of them because I like them. This years is .999 as I am sure you know.
Yes, I know the new sets are .999. My inventory is my collection. I also collect images of the better coins we buy. I have a huge data base of coins, raw and graded.
For collecting silver value this is a great way to get it near melt value with future intrinsic. Enjoy the silver proof and mints - thanks for sharing...
If you're just collecting them because you like having them, what difference does it make what they'll be worth in the future? I'm a coin collector, not an investor; what they'll be worth in the future will be my heirs' problem, not mine.
Well on the other hand there are many Morgan dollars out there sellers are charging above what the buyer will be able to sell back unless they do their due diligence I like silver proof sets for four main reasons: 1) They contain more silver than the popular American Silver Eagles alone - I believe about 1.4 troy ounces silver proof sets have. And the risk you take for ever getting your money or more back is about the same as most commemorative coins 2) Buying a proof set and a mint set (the latter from secondary markets are always cheaper) is a great educational tool to train one's eye on getting familiar with the idea of the grade of coin. 3) Since 1999 I think you get a great amount of variety that makes each year a little different (the Sacajewa dollar and quarters always changing) while having some consistent coins) 4) Yes you are paying more than the metal content but you are paying also for a special process that requires some expertise and designs that are thoroughly vetted and are done by professional engravers/sculptors --- what would happen if the Mint really saved money and just had a machine punched the same design out and with 99.9999% accuracy vet any errors? Coin collecting would die or contract to the same old classic coins over and over again . One other reason is I think the mintages of silver proof sets since 2012 have matched those of the mid 1950's and buyers will at least get back their value - and with the little bump in silver content in 2019 even more likelihood. Your information is great and really appreciate you opening people's eyes to the return on proof sets. A problems for a collector wanting to be smart with their resources, it is redundant to to always buy a clad and silver proof (except if you hope for a mint error) so more economical while silver prices far exceed copper and nickel to buy the silver sets. Therefore clad sets diminish in price as long as the Mint produces the gargantuan amounts of coinage (I mean for gods sake I still encounter 1941 Pennies - the first to have a mintage of 1 BILLION). I will say one thing - clad proof sets are being ignored despite their potential as a great tool to draw kids (especially those from 5 - 12) into coin collecting. When I gave a few 1982 proof sets to kids they LOVED them - the reflective surfaces and seeing the Kennedys which they don't see now - really grabbed their attention. What a wonderful tool this could be to help capture kids interest in coins. If I had a coin shop I would probably use a proof, uncirculated set and pocket change to teach kids some very basics of coins and then set up some sort of contest which would reward them with a proof set chosen from the 70's - early 90's and a few Airtite coin capsules.
@@CoinHELPu Yes I apologize for that omission. The bullion content went up with the 1999 sets and peaked with the 2009 sets as they had I believe 6 quarters. So if there are any proof sets to purchase - either fresh from the Mint (one is plenty from them) or after a few years on the secondary market, it would silver proof sets from 1999 to Present. If you have this beef I have, please share with your viewers. The Silver Premium sets are one of the biggest ripoffs from the Mint - you can get the same thing - a separate ASE and a full proof set with a clad coin NOT in circulation and quite lovely (Native American $1) for $30 less from the mint. All the Premium SIlver Proof does is add mintage to the silver coins puts out that year and the amount of bullion is about the same, Basically you are paying premium for a limited run of Silver Premium BOXES". I think it is an exciting time to collect coins no matter - I must say growing up in the 70's and 80's coin collecting was a bit dry and lacked variety unless you really understood die errors and the nuances of grading. Pardon the really long response. But want to reiterate - GREAT WEBSITE. Will check out your store.
@@chrissahar2014 I agree that if you are going to collect proof sets, the ones to get are the 1999 to present silver proof sets. Mintage's are now comparable with the sets of the 1950's at least.
People who accumulate things as an investment need to pay close attention to supply and demand. Some things that are very rare can become almost worthless when demand for it evaporates. The supply can be very small, but sometimes the demand is even smaller. Investors and hoarders have always tampered with collector markets by artificially creating shortages and over supplies. When I was 12 years old, a 1950-D Jefferson nickle sold for around $20, which really means $172 in 2019 dollars. This was the rarest Jefferson nickle with only 2.6 million being minted, so people were hoarding uncirculated rolls. Today 58 years later you can buy an uncirculated one for just around $10. What happened? Well, it seems there aren't 2.6 million people who collect Jefferson nickles. At least not enough willing to pay a huge premium for the rarest one. So the price plummeted as the hoarders flooded the market with perfect uncirculated coins, as they tried to get out before they became worthless. This isn't a problem for coin collectors only. All collectibles have dropped in value as the hobby becomes less popular with young people. When I was young, every kid collected coins and stamps. Today, kids play video games and you only see old men at stamp and coin shows. Your grandmothers collection of Hummel figurines is worth a lot less today than it was 30 years ago.
Yep, like the 1996 W Roosevelt dime that everybody was lusting after! The rest of the 96 set ain't worth much! There was a TON of hype about the statehood proof sets, and thet were REALLY expensive on the secondary market. RedBook shot them WAY low for the past couple of years!! Even LESS than the Mint originally sold them for! Don't even get me started on the first (2000, 2001) Sac dollars! You can see people thinking they are worth $100's when in fact, most of them are only worth face! Good info!
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Many of the individual coins are more valuable than the whole set. I've sold a few cams & dcams for good money after cracking open the set. Check the pcgs price guide, too.
