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Unopened 1956 USA Mint Set. What To Do, What To Do?

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Author Previous TopicReplies: 20 / Views: 3,434Next Topic Page 2 of 2
Pillar of the Community
United States
3472 Posts
 Posted 01/09/2021  4:39 pm  Show Profile   Bookmark this reply Add nfine to your friends list
If you bought it on ebay you should open it immediately. A 1971 Phili uncirculated set in a sealed reproduction 1956 proof set envelope looks and feels just like a genuine 1956 sealed proof set.
Valued Member
Virgin Islands (U.S.)
68 Posts
 Posted 01/09/2021  5:49 pm  Show Profile   Bookmark this reply Add STTScott to your friends list
For those who have asked, seller says it's a Proof set. Original crisp packaging from the US Mint, whcih makes it a Proof set sold by the Mint &.

This was not an ebay purchase.
Edited by STTScott
01/09/2021 5:56 pm
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United States
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 Posted 01/10/2021  2:41 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list
Unopened sets will bring a premium.
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United States
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 Posted 01/10/2021  10:45 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
A 1956 proof set is worth in the area of 50-70 bucks. Me, I would open it. The problem is the coins can get hazing from the cellophane they were packaged in. You could have absolute gems, or you could have badly hazed heartbreakers. Only way to know is open and look.
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2340 Posts
 Posted 01/11/2021  06:19 am  Show Profile   Bookmark this reply Add smat45 to your friends list
You'll need to know if you have a Type 1 or Type 2 Franklin?
Let us know when you OPEN IT...lol
smat
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United States
284 Posts
 Posted 01/11/2021  08:06 am  Show Profile   Bookmark this reply Add Kcm to your friends list
I bought a mix of 3 to 4 dozen proof and mint sets in 1979. I freed the three '56 proof sets from their sealed manila tombs in 2020. My logic in doing so? Yes, it certainly would be fun to exchange them for a premium, but only if I can delude myself for the rest of my life by believing I got the best of the buyer. (Of course, delusion would be my only avenue post-sale. If I somehow learned that my buyer took home the keys to a far greater premium, my playground would become a sinkhole. The greater probability is that I'd never learn anything post-sale. The buyer might even leave them sealed.) To me, that kind of brinksmanship does not appeal, so I treated myself to the certain fun of unsealing the tombs.

I didn't notice anything extraordinary in the contents, so they're back in their envelopes waiting for me to begin a project whereby I educate myself as to what subtle events I should be looking for. For now, I'll delude myself by dreaming the upcoming project will be fun.

Kevin
Edited by Kcm
01/11/2021 08:10 am
Bedrock of the Community
United States
20753 Posts
 Posted 01/11/2021  09:14 am  Show Profile   Bookmark this reply Add just carl to your friends list
I'm not a collector of those sets so I'd just open it and use the coins for Albums.
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Virgin Islands (U.S.)
68 Posts
 Posted 01/12/2021  2:12 pm  Show Profile   Bookmark this reply Add STTScott to your friends list
Sorry everyone, but I couldn't help myself. I opened the manila tomb from Philadelphia, looked at what was inside (awesome gorgeous, perfect fields, but nothing out of the ordinary), and separated the Franklin and Washington for grade and slab.
Edited by STTScott
01/12/2021 2:15 pm
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 Posted 01/12/2021  4:23 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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United States
284 Posts
 Posted 01/13/2021  09:58 am  Show Profile   Bookmark this reply Add Kcm to your friends list
I deem this to be relevant to the thread, to my earlier post on the thread, and, perhaps, semi-interesting.

Kevin


Unopened-1956-USA-Mint-Set.-What-To-Do,-What-To-Do?
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 Posted 01/13/2021  4:54 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Albert Lee ( died March1973) One of the largest Proof Coin Dealers in the US in the 1950s , early 1960s .
Made up stamp and most likely self serving .
There is really no way to prove a Proof set of 1955 to 1964 era has never been opened or examined .
I for one would never pay a nickels premium for such a set.
Edited by Pacificoin
01/13/2021 4:56 pm
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United States
284 Posts
 Posted 01/13/2021  5:24 pm  Show Profile   Bookmark this reply Add Kcm to your friends list
Darn! @Pacificoin. I didn't expect to come out better informed than when I went in. Much gratitude.

Now I begin to wonder what old Albert had in mind. Frankly,I doubt he was referring to the manila envelope (the predecessor of the later to come cardboard box). Might he have been suggesting only that his customer leave the polymer envelope (predecessor to the plastic case) intact?

Kevin
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 Posted 01/13/2021  6:06 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Probably referring to the pliofilm package,
but who knows !
With the Cameo craze of the 1980s on there are very few truly unsearched
Silver sets of the Franklin period .
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