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Do You Ever Open Proof Sets?

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Socal SilverHunter's Avatar
United States
183 Posts
 Posted 06/24/2014  6:30 pm Show Profile   Bookmark this topic Add Socal SilverHunter to your friends list Get a Link to this Message Number of Subscribers
And have the half dollar/quarter sent in for grading? Or are they better left in the sealed packaging.
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ksammut's Avatar
United States
1003 Posts
 Posted 06/24/2014  6:32 pm  Show Profile   Bookmark this reply Add ksammut to your friends list Get a Link to this Reply
I would leave the set alone. I wouldn't slab anything under $100. Just my opinion.
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mcshilling's Avatar
Canada
9154 Posts
 Posted 06/24/2014  7:07 pm  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
I have opened all kinds of Proof Sets , but have not sent anything in for grading.
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denco7's Avatar
United States
2543 Posts
 Posted 06/24/2014  8:02 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
Do you ever open proof sets?



How else would you get the coins out of those stupid ugly plastic lenses ?
Edited by denco7
06/24/2014 8:09 pm
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AlbumAccumulator's Avatar
United States
649 Posts
 Posted 06/24/2014  8:03 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
I've opened a run from 1957 - 1998, but never send them in. They live in my Danscos.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 06/24/2014  8:14 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Proof sets are generally worth more as unopened set than the sum of the individual coins in them.

I have a few proof singles, but that is the way I bought them.
For example, the 1937 gold proof Five Pounds and Two Pounds of George V1. I now house these in screw capsules, in individual proof cases, originally intended for other proof single coins.

I acquired these because there were very few gold coins produced in the period 1933 through until about 1960.
There were only six gold coin types produced of George V1:
The British gold set of the 1937 Coronation of George V1, and the
1952 South African gold Half and One pound.

These coins are more often found as singles than in sets.
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mailman28's Avatar
United States
416 Posts
 Posted 06/24/2014  8:51 pm  Show Profile   Bookmark this reply Add mailman28 to your friends list Get a Link to this Reply
If you're mainly just interested in the halves or the quarters I say bust them out and use the other coins to help get more halves and quarters. If you are wanting to keep the entire set though they should stay together.
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welder's Avatar
United States
1037 Posts
 Posted 06/24/2014  9:47 pm  Show Profile   Bookmark this reply Add welder to your friends list Get a Link to this Reply
The only proofs I open are the Eisenhower silver dollars. The OGP is more harmful to these coins than an airtite capsule.
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DCM Coins's Avatar
United States
446 Posts
 Posted 06/24/2014  10:39 pm  Show Profile   Bookmark this reply Add DCM Coins to your friends list Get a Link to this Reply
I never have opened a proof set. The thought never crossed my mind.
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31 Posts
 Posted 06/25/2014  03:01 am  Show Profile   Bookmark this reply Add lyingliberty to your friends list Get a Link to this Reply
I really dislike seeing people say to open the Proof sets. Some of the older proof sets have really low mintages. Every time a proof set is opened, the remaining unopened sets get more and more valuable(in theory at least). Law of supply and demand.

Some of the people saying to open them may have unopened sets. The 'advice' would then have a vested interest associated to it. Food for thought.
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denco7's Avatar
United States
2543 Posts
 Posted 06/25/2014  09:54 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
Some of the people saying to open them may have unopened sets. The 'advice' would then have a vested interest associated to it. Food for thought.


First of all , every set since 1957 (ex '58 '12) have mintages well .... well in excess of a million, hardly rare and wonderous. All can be had for under $20 , most for under ten. In most cases, the coins separately sold, are with much much more than the set sealed in ugly plastic.

Secondly , not exactly endearing, as a new member, to insinuate that the advise given in this forum, is tainted. And our function here is to elevate the worth of our own collections by giving out bad advise to other members.
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31 Posts
 Posted 06/25/2014  10:46 am  Show Profile   Bookmark this reply Add lyingliberty to your friends list Get a Link to this Reply
Denc7 you are mistaken. There are a lot of Proof sets well below a million. I've put a list below that came from the 2015 RedBook.

And to assume I'm new to Numismatics because I'm a new member is incorrect. I give advice when I feel its appropriate to help.

Year Mintage (US Proofs)
1936-1956 well below 1 million (10 are below 100k)
1958-875,652
1983 S Prestige 140,361
1984 S Prestige 316,680
1986 S Prestige 599,317
1988 S Prestige 231,661
1996 S 55,000
1997 S Prestige 80,000
Shall I go on...?

As an adviser, people should ask questions about the Proof sets that the person has. I didn't see anyone do that. How do you know that the proof set he or she has isn't lower mintage? Did you assume?
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denco7's Avatar
United States
2543 Posts
 Posted 06/25/2014  11:34 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
Denc7 you are mistaken. There are a lot of Proof sets well below a million. I've put a list below that came from the 2015 RedBook.


Yes and all the Prestige sets and all the premier sets and all the Legacy sets and all the LE silver sets. He was talking about proof sets, not special edition sets. I hardly think he is considering taking a hammer to a leather binder or a satin lined felt case. Everything you listed are a special edition sets that go anywhere from $30 to $600. Or pre 1956, which I wasn't talking about, which go for $60 to $1000's

It is hardly a leap, for myself and everyone else, to assume that he is not talking about opening a special edition set or a 1939 set that he paid $100's or $1000's of dollars for to get the quarters out. But in deference to your need for exact details, @Aseegz, you are not talking about taking scissors to the 1939 proof set you paid $1000 for or a hammer to the 2008 American Legacy set you paid $150 for or shears to the 1996 Prestige set you paid $270 for are you ?


Quote:
And to assume I'm new to Numismatics because I'm a new member is incorrect. I give advice when I feel its appropriate to help.


No one said you were new to numismatic's ( I have only been a member here for 2yrs,yet have been collecting for almost 50yrs) my suggestion was that perhaps casting aspersions on the truthfulness of advise given by other members of a forum you have belonged to for less than a month, might not be the best way to endear yourself to your new "forum mates". But my bad, by all means, proceed.

FYI, I have opened many...many...many a proof set to get the coins inside for my albums. Including Premier sets to get the silver Kennedys and Prestige sets to get the Commemorative coins. While some day in the future, they may be worth large dollars, for now, they are a dime a dozen.

Edited by denco7
06/25/2014 12:10 pm
New Member
31 Posts
 Posted 06/25/2014  11:55 am  Show Profile   Bookmark this reply Add lyingliberty to your friends list Get a Link to this Reply
Denco7, I read your signature as part of your message which is why I talked about numismatics.

"If ignorance is bliss, why aren't there more happy people ....."

But the special editions are still proofs. A nube might not know what you know. The point I was making was that people should ask questions to see what someone owns. Otherwise, the advice being given can be misconstrued. Case in point.

Im not trying to ruffle feathers by giving advice, but I have thick skin and sometimes assume those around me do too. If it offends you, it was not my intent. But I guess I shouldnt assume.
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jbuck's Avatar
United States
187702 Posts
 Posted 06/25/2014  12:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My procedure: open set, remove coins, insert in albums.

I have never sent a coin in for grading. I doubt I ever will.
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rupester's Avatar
United States
1300 Posts
 Posted 06/25/2014  1:08 pm  Show Profile   Bookmark this reply Add rupester to your friends list Get a Link to this Reply
From 1955-2014 I have opened them all except the 2012 kennedy lens I bought those coins seperate and I have the dansco's to prove it..thats how I collect in nice safe albums where I can enjoy them whenever I want in a ever so convienant well made book! There are no rules and there is not a right way or a wrong way collect how you want and when you want!! Thats the beauty and the thing that makes all collectors who they are..some may not like something while others may like something but in the end..its all about you!! Short of attempting to melt them at home or cleaning them with a grinder... Well you get the point good luch!

Do-You-Ever-Open-Proof-Sets?
Edited by rupester
06/25/2014 1:14 pm
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