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Replies: 18 / Views: 4,699 |
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Bedrock of the Community
United States
17884 Posts |
The US proof sets were sealed up until 1999. Since then they have been in holder that can be opened and closed leaving no evidence. In my opinion this was a mistake and it has allowed so serious scamming over the years. In 1999 there were a lot of "error" proof sets that had one of the State Quarters missing and a duplicate of one of the others. These sets were selling for hundreds of dollars on ebay. Of course all you had to do was buy five regular 1999 sets for about $100, pay musical chairs with the quarters, snap the cases back closed and voila you had five of the error sets that would net you $3K or more on ebay. Then in 2000 there were the ultra rare VIP 1999 proof sets! Now in 1999 the SBA proof came out late in the year so it wasn't included in the 1999 set. But in 2000 1999 sets with all 10 coins appeared on ebay. It was explained that these were special sets specially put together for VIP's and dignitaries. Strange thing though, the 1999 boxes they came in didn't indicate that they were special at all, and the insert inside the sets was the same color as that used in the 10 coin 2000 sets. All you had to do was by a cheap 2000 proof set a 1999 proof set and a 1999 proof SBA, put the 1999 coins in the 2000 holder, shap it closed and put it in the 1999 box and you had a "VIP" set worth thousands. And of course there is the common scam of just replacing the silver coins in a silver proof set with the coins from a clad set. Especially popular with 1999 and 2001 sets. Obviously I think they should be sealing the sets
Edited by Conder101 12/30/2015 1:33 pm
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Moderator
 United States
189767 Posts |
I buy mine directly from the Mint, so I am not complaining about the lack of seal, but you do make some good points. I do not miss having to break apart the lenses though. Really. 
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Valued Member
 United States
106 Posts |
I thank each of you for your information and explanations.
Permit me to say that removing a proof coin from it's container to insert it into an album rather gives me chills...
You have taught me that many "seals" are good only for consuming fish and balancing balls....
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Moderator
 United States
189767 Posts |
Quote: Permit me to say that removing a proof coin from it's container to insert it into an album rather gives me chills... But once you pop you cannot stop. 
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Valued Member
 United States
106 Posts |
ibuck - lol...guess you're right about that for sure...
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Moderator
 United States
189767 Posts |
It took me a long time, at least ten years, to finally bring myself to breaking up my sets. That was over twenty years ago now. No regrets. 
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Pillar of the Community
United States
624 Posts |
I had a proof set from when I was a kid that I dropped once and cracked. It wasn't until last year that I looked up it's value and saw it was worth less than $10 in great shape that I didn't mind breaking it open and then resealing the coins in air tight holders. They look much better now than they did behind that cracked plastic.
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Moderator
 United States
189767 Posts |
Good call. 
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Bedrock of the Community
United States
11951 Posts |
I agree ...
If you have a proof set that has high grade coins with good eye appeal, breaking them out and putting them in air-tite capsules might be a good idea.
More so for coins that have attractive toning. Seal them up to try and keep the toning in the attractive state.
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Bedrock of the Community
 United States
12853 Posts |
I've been buying two of each set each year with the idea of cracking one open for albums, but I still haven't broken down. 
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Moderator
 United States
189767 Posts |
Tick-tock! What are you waiting for? 
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Pillar of the Community
United States
1373 Posts |
I just got done reading through this topic and now I'm not sure I should have. What made me think, primarily, is Conder101's post. This morning when I woke up I was totally happy with all of the items I bought over the past year; now I have bad thoughts. I basically bought all the silver proof sets from 1998 to 2013 last year, and now I learn that it's possible that they could all be clad proof sets. I never knew until just now that coins could be taken out and put back into proof sets without any visible evidence. I had always thought that one had to break the plastic to get coins out of the Mint slabs. It's sad to say, but the more I learn the less fun this hobby is for me. 
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Bedrock of the Community
 United States
12853 Posts |
Well, there is really a *TON* to know. More than any one person can. Don't get discouraged, just continue to learn and apply that knowledge.
Think of the fun you'll have going back through those sets and looking at them again to make sure they are indeed silver. It's not likely, but if they're not silver, don't beat yourself up, just move forward with a better understanding and use the regular proofs to fill some holes.
Hoping that your audit turns out well.
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Bedrock of the Community
United States
17884 Posts |
Quote: I basically bought all the silver proof sets from 1998 to 2013 last year, and now I learn that it's possible that they could all be clad proof sets. Quick way to test would be the tissue test. Just lay a single layer of tissue paper over the coins in the set (bathroom tissue, facial tissue etc. You don't have to take the coins out of the holders.) If the silver coins look WHITE through the tissue they are silver. If they look gray they're clad.
Edited by Conder101 01/05/2016 10:36 pm
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Moderator
 United States
189767 Posts |
Be sure to click on tissue test to see an example of the difference. 
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Replies: 18 / Views: 4,699 |
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