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 Replies: 35 / Views: 3,700 |
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Bedrock of the Community
United States
12437 Posts |
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they were sold as proof They are still proof coins, nothing will change that fact. "Proof" is minting process, not a grade. |
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Valued Member
 United States
492 Posts |
Ok I spoke with the broker and he said that all of the coins would have the double strike proof strike but since they were received in bags they may get lower grades. I plan on opening one and seeing what I have and then deciding on the other. Thanks again. Rich
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New Member
35 Posts |
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Bedrock of the Community
United States
94367 Posts |
Inconceivable that any of them could still be gems. I'd walk away from this if you can. Proofs by the roll?  Edited by Coinfrog
09/22/2017 5:39 pm
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Pillar of the Community
United States
2023 Posts |
Wait... Proof coins were "received in bags"? Did they ever do that? We're they always delivered by the mint in sealed sets, at least since the 20th century?
Even if they went directly from a sealed set into a tube, there may be marks. But in bags? Dings galore, for almost certain.
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Pillar of the Community
United States
992 Posts |
Hate to say this, but 'proof' coins in an after-market holder are a pig in a poke. Your choice is to either break the seal and examine each coin or return for refund.
I would return them, and seek out proof coins individually, were it mine.
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Bedrock of the Community
United States
94367 Posts |
Get out of this if you can.
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Rest in Peace
United States
18456 Posts |
Proof coins were never put into bags by the mint ,and only num-nuts dealers or collectors would do so . Bottom line; don't buy proof coins in rolls, tubes or bags . Run forest run !  |
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Pillar of the Community
United States
1326 Posts |
Radatat, I'm just wondering what your rationale was for buying the coins. If it no longer seems sound, then return the coins.
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Pillar of the Community
United States
7516 Posts |
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I plan on opening one and seeing what I have and then deciding on the other It is apparent that op has made his mind up on checking his coins out, you blame him? it is the urge and the feeling of satisfaction and curiosity ,holding and touching(I know they're Proof  )and the unknown that is with us all,so let him have his day of fun and satisfaction and hope he will share his finds with everyone afterwards. So I'd say go for it ,there is no need for rational here, we pay money to buy money ,where is the rational in that?Good luck to you pal.  Keep us posted. Edited by Chase007
09/22/2017 11:04 pm
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Bedrock of the Community
United States
17884 Posts |
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Wait... Proof coins were "received in bags"? During the first great silver rush of late 79 early 80 a LOT of early 1960's proof sets got scrapped for the metal content. Those coins would be cut out of the pliofilm and tossed in bags with the rest of the 90% junk silver. That is probably what he means, they've been pulled from bags of junk silver. Edited by Conder101
09/23/2017 08:01 am
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Bedrock of the Community
United States
10982 Posts |
I've owned many rolls of proof Franks, Washies & Roosies. They are basically very nice 90% junk silver and nothing more. Some collectors buy proof sets and cull through them selecting what they want to keep and selling off the reminder. The premium to melt of these should be a very nominal amount. 10% over melt tops and that's retail. The ones I've seen never include any DCAMs or CAMs and darn few would grade over PR65. They are cool to own though and pretty to look at. Never pay a big premium for them. Here's a roll of Washies I sold.  |
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Rest in Peace
United States
18456 Posts |
Quote:
Posted - Today :2 Hrs 3 Min ago
I've owned many rolls of proof Franks, Washies & Roosies. They are basically very nice 90% junk silver and nothing more Your missing the concept of having and owning proof coins weather silver or clad . Most collectors buy silver proof coins for their pristine quality .They wouldn't want something that is considered 90% junk .  |
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Bedrock of the Community
United States
62064 Posts |
I buy proof coins as they are lower mintage if I find a doubled die. (3,000 coins per die)
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Bedrock of the Community
United States
10982 Posts |
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They wouldn't want something that is considered 90% junk . I did say very nice junk. Junk silver is not a negative term in this case. These are high mintage commons with a value that parallels their melt value. That's why they're considered 90% junk. |
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Replies: 35 / Views: 3,700 |
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Posted 09/21/2017 4:15 pm
