What is the market like for proofs?

[breaktwister]

Question applies to gold and silver.

I've only been stacking a few weeks so I am buying a bit of everything.  So far I haven't had much interest on ebay or gumtree when trying to resell bullion.

Is the market for proofs any better?  Is ebay the main channel or as these are more specialist does selling via forums work better?  Not that I want to buy and sell straight away, my plan at present is to recycle every few years and if course hold onto some special pieces if I feel they are longerterm winners.

I'm not sure what my exit plan might be for proofs!

 

[HawkHybrid]

it's not about being bullion or proof.

sovereigns are usually widely traded.

trendy stuff encourages impulse buying,

quality stuff usually last the test of time.

 

HH

[ArthGoch]

4 hours ago, breaktwister said:

Question applies to gold and silver.

I've only been stacking a few weeks so I am buying a bit of everything.  So far I haven't had much interest on ebay or gumtree when trying to resell bullion.

Is the market for proofs any better?  Is ebay the main channel or as these are more specialist does selling via forums work better?  Not that I want to buy and sell straight away, my plan at present is to recycle every few years and if course hold onto some special pieces if I feel they are longerterm winners.

I'm not sure what my exit plan might be for proofs!

 

Proof by their nature are usually smaller runs than their BU equivalents, and subsequently the rarity factor would play in the favour of the PR. Also as a general rule PR are more expensive to buy 

However life is not that simple and you do get scenarios where  more PR are produced than BU; ( recent Canadian $1 silver Commemoratives are a good example of this). Also you do get incidences where due to a USP the BU will always outsell the PR. The RAM silver  Kangaroos are a good example of this, and where the BU  blister carded version on a like for like basis holds its own against the PR if not  better.

Silver stacking of bullion IMHO is very risky if you are looking at this is as a strategy for building wealth, A plethora of factors not least economies of scale and tax regimes mean that from the outset the odds are stacked against you. Silver collecting on the other hand evens up the play field no end, and due to the (general) limited supply  of PR over BU you have a better chance of turning a proof. However all of this will go out of the window if you back the wrong horse, as PR and perceived rarity does not equate to it being a certain winner.

Time span is also another major variable and equally applying to bullion ( or more specific the collecting of semi numismatics) as it does for PR. As a general rule the older the age of  semi numismatics (Pandas, Kooks, Koalas, Rwanda Wildlife, 5oz ATB  for example) the greater the chance you will see them sell above the initial launch price. Similarly 'series' of coins ( Lunars, type of wildlife, etc) will also have a marked effect on the desirability to collect. 

Sorry if the above does not give you a firm answer to your question, but it is situation I think the majority of us have faced over the years. Experience in the end if the best guide to what is best, and regrettably this is going to take some time for you to acquire. 

That's my two pence worth! - Hopefully someone else will be along soon and giving their views on what is best and what has worked for them 

 

[breaktwister]

I appreciate that there is no substitute for experience, which is why I like to try and learn from others peoples experience as much as I can. Great replies so far, thanks

[SoulUK]

Selling on eBay is also a hit and miss for new sellers, there are many fakes and people steer to trusted sellers over unknowns.

so if eBay is your selling market it might take you some time to work up the reputation to get the interest