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 Replies: 6 / Views: 3,112 |
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New Member
United States
12 Posts |
Hi all,
new to collecting here. I've got some mint proof sets P, D, & S, some just in the cellophane without a box or certificate and I'm wondering:
If I took these boxless proofs and put them in air-tites, could
i assume that if I ever submitted them to grading, I could get a decent grade from PCGS, because of the fact they are from proof sets to begin with?
I'm just mystified how there could be in some cases,
a $500 variance between a grade and one higher than that.
Also, $12 for PCGS to slab (1) coin?
regards and many many thanks,
Pete from Guam
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Valued Member
United States
199 Posts |
Greetings Pete, When you say "mint proof sets" in P,D S. P existed early on to 1964 and I believe after 1964 to present S mints were produced in proof for regular issues. If you have D mints, they are uncirculated. The cellophane, box, certificate or airtites would not make any difference to PCGS on the grade as you would sumbit them in PCGS envelopes. The price variance usually corresponds to population with these proofs. PF69 may have hundreds in pop while PF70 in single figures. Also, I think you will find when all is said and done it will cost more than $12 to slab (1) coin.
HTH
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Bedrock of the Community
United States
17884 Posts |
Since you say you have all three mints I would say you have mint sets not proof sets. Unless the coins are turning in the cellophane I would NOT tke them out and put them in airtites. Together in the original cellophane they do have a premium value. Cut out of the cellophane they are worth face value unless you are able to get them slabbed at a very high grade. If they don't slab high then you will have much more money sunk into them than they will be worth.
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Moderator
 United States
6563 Posts |
They are worth more then face value out of the cello. Having them "graded" by a slabbing company isn't what makes it worth more...it's the condition that the coin is in. You might not get as much for it but for the most part if you were to sell every coin individually it can be worth more then the set by itself. Silver Proof Sets are a very good example of this.
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Bedrock of the Community
United States
17884 Posts |
I believe they are discussing mint set coins though and not proof set coins. It is pretty much impossible to get more for business strike coins than face value unless they have been slabbed. VERY few people are willing to stake their money on their own opinions anymore.
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Valued Member
United States
167 Posts |
"Silver Proof Sets are a very good example of this." I agree with graceoutcast statement.
If the mint sets are 1964 and back, then the dime, quarter and 50 piece are worth more than face value as the silver content is 90%. Also the 50 cent pieces in 1965 and 66 SMS's and 1967-1970 are worth more than face value because of there 40% silver content.
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Valued Member
United States
250 Posts |
If they are "common" proofs or business strikes, there are a lot of times you can buy the slabbed coins cheaper than your out of pocket cost to have them slabbed yourself.
I don't send in for slabs too often anymore unless I know the coin is worth considerably more than the slabbing fees or because I just really like the eye candy of the coin.
Have a great one everybody!
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Replies: 6 / Views: 3,112 |
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Posted 06/22/2007 4:24 pm
