Newb Buying Lated Date Lincoln Proofs On Ebay

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Author	Replies: 4 / Views: 1,558
mrcasey New Member United States 42 Posts	Posted 07/26/2012 2:03 pm I've been on ebay buying late date (1975 - present) proofs to fill a Lincoln Dansco and paying in the neighborhood of 2 to 4 dollars each for what are usually listed as "gem proof" coins. I've been using as a price guide the figures on numismedia.com. A "gem", as I understand it, is graded at least 65. Given (as I've read) that modern proofs are much better than they used to be, is a 65 still a very good coin? What if most of the proofs now struck grade on the average of, say, 67. Does that mean a gem proof doesn't mean much? Any advice or insight about getting these modern proofs would be appreciated. Thanks, Casey Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 07/26/2012 2:22 pm A 65 for a modern proof isn't really that good. Most proofs now are 69s, then 70s with a few 68/67 mixed if right from the mint at least for the newer ones. Some of the 70s and 80s ones could be different. With a quick check there arent prices listed for PF70 ones from the 70s fo the 69 looks like their high end for the most part making the 65 better You could always check numis prices and look where the jump occurs. Most moderns it doesn't happen till the 70 because of how good they are, but if on the older ones its happen at 67 or 68 than a 65 would be like what a 68 or 67 is now. Id be happy with 65+ though for an album like that. Youre getting them at a good price and personally I like all my expensive coins slabbed anyway. Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12813 Posts	Posted 07/26/2012 2:30 pm A while back I bought a set of '69-'08 proof cents off of ebay for somewhere around $100 to add to my Dansco so ended up being about $2.50 per coin, a pretty good deal I thought, especially to jump start my Dansco. But these were not graded. I think I saw similar sets out there still a couple weeks ago when I was looking for 2009 - 2011 proofs. Like basebal, I prefer my higher-dollar coins slabbed just for protection. I feel they can get too easily damaged placing them in any kind of album or (gasp) folder. Report this Post to the Staff
daniels Pillar of the Community United States 1620 Posts	Posted 08/11/2012 06:27 am I just experienced that I started putting my proof coins in my dansco and in about a week some of them started to get that green look I guess from opening and closing the plastic cover when I was putting non proof coins in and replacing them with better ones when I find them so I decided to just use 2x2's instead of the dansco Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 08/12/2012 10:04 am When buying on ebay, a coin store and even at coin shows, you'll see grads such as Gem Proof, Choice Proof, Brilliant Proof, etc. Some dealers will put all sorts of explanations of a grade to sell. Same with MS grades. You just really have to know what to expect. IF you want to go by the Red Book, page 9, they explain the different types of Proofs but that doesn't mean dealers go by that. Report this Post to the Staff
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