'92 GAE proof set value help
 

I posted the same question in the other section, but it seems like it would fit better here...

What would be a fair price to pay for a '92 proof set of GAEs? Or at least a ballpark "steal-fair deal-overpriced" price range? I found one locally, but since I've never bought anything other than bullion coins, I don't really know the values of proof coins. Thanks in advance for your help.

Re: '92 GAE proof set value help
 

See, that's the problem with numismatics.

Re: '92 GAE proof set value help
 

:biggrin:

Well, I was just curious if there is anything "special" (in a good way or bad) about that particular year... Besides, I'm not considering it for its numismatic value, and would treat it pretty much the same as other bullion coins. Well, maybe it it came to selling, it would be the last one to go since it would make the nicest coin(s) in my "collection".

I guess what I'm getting at is what's a fair and reasonable premium to pay for a proof coin(s) assuming no numismatic value other than it being a nicer version of bullion coin(s).

Re: '92 GAE proof set value help
 

I'll do what I can. Assuming you are talking about the 4-coin proof set that is in the same original condition as when it left the mint, that is, it has not been graded, I found on E-bay that in the last two weeks 3 sets sold. They sold for $1,995 $2,081 and $2,250. In 1992, the mint released some 32,000 of these sets. This can be contrasted to a high of 38,000 sets in 1991 and to a low of 9,000 sets in 1995. There were 13,782 sets sold in 2008, and they could have been purchased for $1,952.45 up until a few months ago.

My personal opinion is there is nothing special about the 1992 set. If you can get it for close to Bullion GAE Market plus a small premium (e.g. 965*1.85 = 1,785 + 50 = $1,835) it may be worth it. In other words, I don't think it will ever be worth more than a small premium over Bullion GAE prices.

At least that is how I would analyze it.

Re: '92 GAE proof set value help
 

Thanks, Az Ag. That's exactly the kind of reasoning I was looking for. I tried looking for prices on-line myself and the spread was too high to be able to make an "educated guess" on the value. APMEX has it for $2250 +/-, and GoldenEagleCoins.com for $2350 +/-. The place I found it at wants $2000 cash, so I'm still debating whether or not I should go for it.

Re: '92 GAE proof set value help
 

Proof bullion coins, in my opinion, are no more special than regular bullion coins. They cost a little more to produce, hence they tend to be priced higher than a regular strike bullion coin. Some people see the higher price for the proof and somehow think it's a more rare or collectable coin, but if you look at the mintages, many times the proofs have a higher mintage than the regular strikes. Pay bullion value only for this one!

Re: '92 GAE proof set value help
 

When I sold some stash last year, I was offered spot gold price for my GAE proof set. When you sell, you probably won't recoup any large premiums you pay on the front end.