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Is This A Good Deal?

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Valued Member

United States
451 Posts
 Posted 10/12/2011  8:28 pm Show Profile   Bookmark this topic Add brokencompass to your friends list Get a Link to this Message Number of Subscribers
I am very new to collecting US coins. I found this deal and was wondering what you think about this deal. A proof coin for $1.36 sounds good to me, not sure if it is indeed a good deal. Thoughts?

http://www.ebay.com/itm/23054980730..._2753wt_1185
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unholyroller's Avatar
United States
1903 Posts
 Posted 10/12/2011  8:30 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list Get a Link to this Reply
A proof what?....
Clad proof?
Silver proof?
Denomination?
Year?

Oops, forgive me, how rude of me
And the link to'the'coin just posted, it wasn't there a moment ago...sorry bout that

Being that you are at their discression to what you get I would be worried about getting ten recent mintage cents. But hey for $14 why not have some fun
Edited by unholyroller
10/12/2011 8:37 pm
Bedrock of the Community
United States
20753 Posts
 Posted 10/12/2011  8:35 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Never, ever buy anything without knowing what you are buying. That add says 10 proof coins but you don't know any more about them than that. You don't buy food sight unseen, you wouldn't buy a car sight unseen, etc. Of course there are many that do and are really sorry later.
Yes each coin is for that price but the add says you must buy 10 and regardless of what they are, you may end up with 10 of the same. And true almost any proof is worth more than that but from the photo appears to all be piled together and may well have scratches on them.
Contrary to all the above, for that amount of money, may well be worth a try. Not a real lot to loose and maybe no loss at all.
Valued Member
United States
451 Posts
 Posted 10/13/2011  01:48 am  Show Profile   Bookmark this reply Add brokencompass to your friends list Get a Link to this Reply
Someone made a list of the kind of coins they got from this seller. Here's the list. Is it worth the buy if I say got the kind of coins in the below list?

1973 S Cent Proof
2005 Minnesota State Quarter proof
1982 S Cent Proof
Dimes Proofs (1989 S, 1974 S, 1987 S)
5 Cents (1983 and 1981) Proofs
1983 Quarter Proof
2004 S Golden dollar Proof
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Bizybackson's Avatar
United States
1817 Posts
 Posted 10/13/2011  02:11 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
If you want to get an assortment of proofs, grab-bag style, $1.39 each is not such a great deal. All of the coins mentioned on the list can be bargain hunted on e-Bay for under a dollar, and in some cases with opening bids of .49 and .75 cents. The only exception would be the 2004S Sackie, that might run as much as three dollars. The liquidator would have cherry picked all of the scarce and unusual items, as well as any silver proofs that were left. So all that's left is a lot of common date material that's barely worth a little more than face just because they are proofs. I would only buy proofs if I were completing a set that required them. Otherwise, I'd stay away from modern clad proofs. For my $15, I'd buy a FSB Mercury dime in MS63, or least 1 or 2 Jefferson War Nickels in MS63.
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murrellington's Avatar
United States
3276 Posts
 Posted 10/13/2011  02:39 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
I'd rather just buy coins I want or need and I can get exactly what I pay for. Obviously you won't be getting rare dates or silver proofs. They say they do not search but I'm sure they wont throw a silver proof in any of the lots. if you do buy it you will just be stuck with a bunch of proofs you won't want.
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penny man's Avatar
United States
659 Posts
 Posted 10/13/2011  03:48 am  Show Profile   Bookmark this reply Add penny man to your friends list Get a Link to this Reply
I bet they throw a silver proof in every once in a while to get good feedback, and I thing that this is a pretty good deal overall, for mixed proofs.
Bedrock of the Community
United States
20753 Posts
 Posted 10/13/2011  12:12 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Regardless of the price, you should consider if your just buying something in coins to have something in coins. In the future you would have a pile of coins and that is all. Just a pile of coins. Of course if you just want a pile of proof coins, not carring what they are, the dates, types, etc. then this is the sort of thing people buy that just want a pile of proofs.
I suggest just considering what you want, need, can use in a collection.
AND OH, I forgot =
Valued Member
United States
451 Posts
 Posted 10/13/2011  12:31 pm  Show Profile   Bookmark this reply Add brokencompass to your friends list Get a Link to this Reply
Thank you all very much! These coins are not for me. I am going to gift these to some friends who have just gotten into collecting coins. I will try to look for better bargains than these.

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