Pre 1965 Proofs - Value And Quantity Remaining.

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Author	Replies: 4 / Views: 1,654
LibertyEagle20 Pillar of the Community United States 1191 Posts	Posted 06/18/2016 1:57 pm I recently found a seller offering rolls of 1960-1964 proof quarters for $145. They stated these didn't meet their PF65 standard so they wanted to get rid of them. The coins still look nice to me but none are cameo. I was wondering if you thought this was a good price? Mintages are pretty high so I don't know that they will ever have much upside. Is it a safe bet to assume most of these 3+ million proofs are still out there today? Were proofs typically melted too during periods of high silver prices? Report this Post to the Staff

muddler Pillar of the Community United States 7192 Posts	Posted 06/18/2016 8:06 pm 1960-1964 proofs are common, if not cameo or high grade as in a roll suggests they are close to melt value. Report this Post to the Staff
oober Valued Member United States 467 Posts	Posted 06/19/2016 2:27 pm Proofs always better then BU IMO. I haven't checked LCS for 90% rate lately. but 14.5 times face can't be too far above melt right now. Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 06/19/2016 11:45 pm good deal at $145/roll Report this Post to the Staff
cladking Pillar of the Community United States 2271 Posts	Posted 06/20/2016 10:28 am The proofs have been melted both in '79 - '80 and again in '08 - '11. The first time there were a lot more of these sets around to melt so more got melted. Probably an even bigger off-take of the supply though is degradation. The coins get corroded or are stored improperly. They are hardly uncommon but we may be taking them for granted more than we should. I'd guess more than one third survive. Time don't fly, it bounds and leaps. Report this Post to the Staff
	Replies: 4 / Views: 1,654

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