I just bought the first four coins of the new presidential coin collection because I thought it would be cool. (I'm not a coin collector and this would be my first collection.) I paid approximately $12 for the first four coins plus a nice leather holding case, straight from the mint. The coins have not been in circulation and have a clear display capsule.
My question is if I should order the remaining 36 for the entire set of 40. They want $162 for the remaining coins.
In your opinion, is it a wise investment? If I don't order the uncirculated coins now in the clear capsules will the mint offer that deal again? Should I wait and just collect coins that have been circulated and put them in the collection?
Any advice is appreciated.
2007-08-22 12:43:35 · 4 answers · asked by j.e.b. 1 in Games & Recreation ➔ Hobbies & Crafts
It isn't worth it. First "The Mint" is a private company, *not* the US mint who makes all our normal coins. They do this as a business.
You've got four gold quarters, I assume? That cost them $1, plus about 5 cents per coin for the gold plating (It can be just a few atoms thick). The rest was shipping, handling and profit to the company.
These are not "gold coins". The US Mint stopped making those more than 40 years ago.
What you have is pretty to look at, but please, consult a book on stamps and coins, and you'll find that people often sell things like this at far less than they paid for them.
Still, I've got a set myself, and I enjoy looking at them. But as an investment? You could do much better elsewhere.
2007-08-22 12:51:36 · answer #1 · answered by mvsopen 3 · 3⤊ 0⤋
Are you taking about the U.S. mint? Or a company called "The Mint" with out the U.S. part. If so forget it. Go to a coin dealer and you can get the proof set of the dollars, there will be one a year. I bought the whole set which included the state quarters and cent-50 cent plus the 4 dollars all in proof for $32.95. A little more than from the mint but at a dealer I got to pick out the one I wanted. The dollar proof sets are selling for $19.95 or so and come in a sealed U.S. Mint package. If you just get the proof dollars each year you should make out okay. For a while they will be hot but when they get to the presidents who are not well known people may not buy them, in that case they won't have sold many and they would be scarce. One must be care if it does not say United States Mint on the blue package then it is a private issue item and will be worthless in the long run, well $4 anyway. Hope this helps if not email me.
2007-08-23 13:36:24 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
If you were buying proof coins I would say maybe but just for uncirculated - no.
Find out when the next state quarters are being released. When they are you can go to a bank and buy a whole roll of uncirculated dollar coins for $25 or just one for face value. You can buy your own holders for them or just put them in a 2x2 (little cardboard and plastic protective sheet - costs about 4 cents).
Good luck!
2007-08-22 23:54:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Naah... stay away from fraud.
2016-05-20 03:19:01 · answer #4 · answered by heide 3 · 0⤊ 0⤋