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Modern Proofs, Worth The Premium For TPG Slabs?

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tkbslc's Avatar
United States
1158 Posts
 Posted 07/09/2014  1:17 pm Show Profile   Bookmark this topic Add tkbslc to your friends list Get a Link to this Message Number of Subscribers
I really like the look of the deep cameo Kennedy half dollar coins and was planning to pick up a few of them in sentimental dates. It looks like TPG slabbed PF69 (and the occasional PF70) go for maybe $10 more than raw ones broken from proof sets. Do You think there is any future investment value in getting the PF69 graded ones, or just pick cherry raw ones and save $10 each?

Or honestly, I can get the full Cameo proof sets in the U.S. mint plastic holder for most years for less than the cost of the TPG PF69 slab Kennedy. Is that maybe a better idea?

Going back a couple more decades, the PF67+ Franklin slabs seem to be worth considerably more than the proof sets of the same year, but will that carry over for the future as plentiful as these modern coins are in collector grades?

I probably shouldn't be putting this much thought into it.
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tkbslc's Avatar
United States
1158 Posts
 Posted 07/09/2014  8:53 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
Well I got a pr69 1980 Kennedy coming so we will see how that one looks when it gets here.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 07/09/2014  9:16 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
The high grade Frankies, no question. You want those graded. Some would debate the Kennedy's, but I feel a 69 dcam is worth the premium.
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tkbslc's Avatar
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1158 Posts
 Posted 07/09/2014  9:23 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
Yeah this was a pf69dcam actually. Already graded for $8.
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tkbslc's Avatar
United States
1158 Posts
 Posted 07/11/2014  02:39 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
anyone else have an opinion? Considering how many PF69 graded Kennedy slabs are on the market, is it going to be worth the money to get the slabbed ones?

It's only $8-10 dollars difference depending on year but if I buy say 20 of them, that's $200 more for the slabs. Or if I end up going for the whole run, that's $400-500 more for the slabs. Some years are pretty cheap, like the 1980 was only $4 more for teh PF69DCAM, so I grabbed that one.



Edited by tkbslc
07/11/2014 02:40 am
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rupester's Avatar
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1300 Posts
 Posted 07/11/2014  09:08 am  Show Profile   Bookmark this reply Add rupester to your friends list Get a Link to this Reply
I switched from slabs to Dansco Albums.. IMHO they are intended for coins that carry a significant premium any coin that above 75.00-100.00 and up? But I have my sentimentals as well..its just kinda up to the individual. I have seen some fantastic amazing coins one the forum that are slabbed. Its just kinda up to the person. I have a 69 dcam bicentenial silver proof set. That I am sentimental toward. And a few others. I'm just indifferent.. I have a morgan I would love to slab..
With that being said the most important thing is: its your collection to enjoy and have how you like it.. This forum gives the best advice,hints,suggestions.. But ultimately do what you like and how you enjoy your collection. I love to flip through the pages of my books. I havent seen my slabs in 7 months..
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muddler's Avatar
United States
7185 Posts
 Posted 07/11/2014  11:10 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
I would consider Kennedy halves in the 60's to be graded but I'm content with my 1992 to date silver halves in the proof sets.
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tkbslc's Avatar
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1158 Posts
 Posted 07/11/2014  11:19 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
To be clear, I'm talking about buying them already slabbed and graded on ebay, etc.

I don't think I'd pay to have raw ones graded myself.

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OldSkoolMadSkilz's Avatar
United States
2077 Posts
 Posted 07/11/2014  11:30 am  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
Being an early copper collector, I'm not a big fan of slabs. However, for proof coins, they do provide superior protection. Also, they do take away the issue of buying a coin with the expectation of a certain grade and then later finding out that it isn't. Value difference between 68, 69, and 70 can be huge.

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tkbslc's Avatar
United States
1158 Posts
 Posted 07/13/2014  01:23 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
I got my PR69DCAM 1980 S today. Man it's a pretty coin! I've got a 1994 S NGC PF 69 Ultra Cameo on the way, too, so I can see how the grading compares.

First slabbed coin. It's kind of cool how it's all sealed up and protected. But I also feel a bit of loss of satisfaction not holding the actual metal in my hand (with gloves of course!)



Modern-Proofs,-Worth-The-Premium-For-TPG-Slabs?

Modern-Proofs,-Worth-The-Premium-For-TPG-Slabs?
Edited by tkbslc
07/13/2014 01:26 am
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sel_69l's Avatar
Australia
21786 Posts
 Posted 07/13/2014  01:48 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
ALL of the proof coins marketed by the Royal Australian Mint are in permanently sealed capsules, that have to be destroyed if the customer wants such a coin graded.

If such a coin is in a permanently sealed case that encloses ALL of the coins in the set, the rest of set will suffer from less than perfect protection, and the set of loose coins will be valued at approximately half that of an intact set of coins.

Personally, I do not like the rougher cameo finish of Australian proof coins. The U.S. Mint and British Royal Mint do a much better job with the cameo finish, that is not quite so harsh.

with rupester, when it comes to justifying the value of the coin to be slabbed. That HAS to be considered if you intend to sell the coin, otherwise it becomes an exercise in futility and a waste of money. The slabbing of collector coins marketed by the Mint and modern coins less than a few years old in almost all cases, is also a waste of money.
Edited by sel_69l
07/13/2014 03:02 am
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tkbslc's Avatar
United States
1158 Posts
 Posted 07/13/2014  02:16 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
I think I will buy a few key dates (key dates sentimentally) of the pre-graded ones and get the rest RAW and only send them in if they happen to end up increasing in value a lot (which is unlikely anytime soon for Kennedy halves).

I really love this coin in proof and might try to collect a long date run or maybe the whole set eventually.

So far I paid $7.50 shipped for this one and $4.50 for the 1994, so it's not like I'm paying a huge premium. Some of the dates the premium is greater so I guess it has to be decided on a per coin basis.
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solotime's Avatar
United States
2311 Posts
 Posted 07/13/2014  11:34 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
I'd be careful for what you buy.
Keep in mind they're just proof coins and any proof coin
can reach the grade PR-69. (Unless it's something older were the mint wasn't good like today)

So what I'm trying to say is, what you're buying is worth whatever someone wants to pay.
Dealers pay only 50 cents to one dollar for slabbed modern proofs. Just buy a few if you only want some.
If you want to do a whole cent, you can. I'm just trying to let you know these don't really have collectors value.

___________

:Added:

After proof reading my post it seems like I was more of just
into the values.

Coin collecting is just something we do since we enjoy the coins. So anyone is free to collect what they want. It's if you end up having to sell your collection, you don't want all junk which don't sell. << happen to me
Edited by solotime
07/13/2014 11:38 pm
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tkbslc's Avatar
United States
1158 Posts
 Posted 07/15/2014  1:31 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply

Quote:
I'm just trying to let you know these don't really have collectors value.


That's why they are so cheap to collect! But I have a hard time believing a dealer could pay face value (50 cents).

I plan to hold onto them for decades so we'll see. I mostly bought them because they look amazing.

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solotime's Avatar
United States
2311 Posts
 Posted 07/15/2014  2:10 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
I'd say one dollar then.
I wasn't thinking about halves or dollar coins when I said 50 cents.

Now remember, just my opinions.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 07/15/2014  8:19 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Any dealer who had the nerve to offer me only a dollar for a slabbed proof Kennedy would lose my business and my referrals. No, they are not super valuable coins, but to expect that little is ludicrous.

That 80 is awesome ! Great coin and great pick up.
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