Is it better to collect new proof coins or old numismatic coins?

December 3, 2009 by admin
Filed under: Questions About Silver Proof Coins: 

Is it better to collect new proof coins or old numismatic coins?

There is no right answer to this. Collect what gives you pleasure. Coins are very volatile, age doesn't mean it's valuable. You can buy proof sets that are 20 years old for less then $10. Look around on Ebay and see for yourself. Now if you are looking to be an investor and it's just going to be a commodity like any other investment for re-sale at a profit, establish a relationship with a professional. I would suggest starting out by joining a coin club for starters. Watch out for scams.

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4 Comments on Is it better to collect new proof coins or old numismatic coins?

  1. admin on Thu, 3rd Dec 2009 5:33 am
    2. The key here is how much money you have to spend as well as is it an investment? Every series has key coins and they are always going up, for they are few in number and every year there are more collectors. Old coins have a history, so if you like history go for them as well as investment in older key or semi key coins. The new commemorative's are coming out in huge quantities, so one must look for the ones that get over looked. They are usually the uncirculated ones not the proofs. Over the years the amount of proof set has increased. In 1950, 51,386 proof sets were minted, in 2005, 2,275,000 were minted. So you be the judge which set will be worth more in the future? I have always collected what I liked and have done well over the years. I like history so I collect the old coins but also have some new proofs of designs I like. The main thing is fun.
  2. admin on Thu, 3rd Dec 2009 5:33 am
    3. I have to agree with MLNICROK, it's all up to what makes you happy. Some modern proofs have very low mintages and are collectable, but if you go for old coins then at least go for quality and buy coins in grades as high as you can afford.
  3. admin on Thu, 3rd Dec 2009 5:33 am
    4. If it was me, I'd say old rare coins. Proof coins are very pretty, and they gain value over the years. But anyone can buy them. Old coins are rare, and any given coin you find might not even be available in a few years. Plus they're like antiques, tied up with history, which I have always found fascinating.
  4. admin on Thu, 3rd Dec 2009 5:33 am
    5. Old Numismatic coins will increase in value more than new proof coins unless you are paying inflated prices for the old coins. Learn about the old coins and shop around. Local coin dealers usually sell coins for lower prices than big mail order places, because they have less overhead and probably have bought the coins more cheaply.

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