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I Hit The JFK Proof Jackpot

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SilverTracker's Avatar
United States
589 Posts
 Posted 01/23/2015  7:08 pm Show Profile   Bookmark this topic Add SilverTracker to your friends list Get a Link to this Message Number of Subscribers
I could not believe my eyes today when I opened 2 CWR of JFK Halves I got from my bank. I found 28 Proof JFK inside in mint circulated condition

I can see on some of them a few tiny scratches but they really have that beautiful mirror shine. The count is as follows.

6 Bicentenials
6 - 1993
6 - 1991
1 - 2002
3 - 1989
1 - 1978
3 - 1977
1 - 1974
1 - 1973

Now the question is I only need 4 of them for myself but cannot put them back into circulation. What trading value do you suppose I have here?

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nickelsearcher's Avatar
United States
15425 Posts
 Posted 01/23/2015  7:16 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Sounds like a great score ... congratulations!

A bit of additional information is needed ...

You stated that the coins were in "mint circulated condition" ... but you also said they were Proof strikes.

Which one are they?

If Proof ... they should have a San Francisco mint mark ... but you do not list any mint marks next to the dates.

Are they 'S' mint?

If Proof with an 'S' mint mark (hopeful for you) ... then the Bicentennial and 1993 issues are either copper-clad or silver clad. Which are they?

Address those questions ... and post a few 'typical' photos ... then we can help with approximate trade value.

David
Take a look at my other hobby ... http://www.jk-dk.art
Edited by nickelsearcher
01/23/2015 7:20 pm
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SilverTracker's Avatar
United States
589 Posts
 Posted 01/23/2015  9:37 pm  Show Profile   Bookmark this reply Add SilverTracker to your friends list Get a Link to this Reply
Thanks David. Your right they are proofs for they all have the S mint mark, but none are silver. I just looked at them closer with a magnify glass and each one has like either a minor blemish or some very tiny scratches on it, but they have no where near the wear as a circulated proof half and the shine is still there . From a distance and under a light they are so appealing. I have no way of posting pics as of yet. I hope I can get an idea on trade value from the forum. Thanks
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Chriscoinz's Avatar
United States
312 Posts
 Posted 01/23/2015  10:20 pm  Show Profile   Bookmark this reply Add Chriscoinz to your friends list Get a Link to this Reply
Nice finds! Not sure about trading value...
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CoinCbass's Avatar
United States
1217 Posts
 Posted 01/24/2015  03:44 am  Show Profile   Bookmark this reply Add CoinCbass to your friends list Get a Link to this Reply
You could list them for sale on ebay or craigslist. I often get half the value listed on numismedia for circulated proofs. That may give you and idea of what they would be worth in a sale or trade.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 01/24/2015  03:57 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
They are "impaired proof". I usually keep one of each year I can find, in best condition, and give away the rest.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Danhelmick98's Avatar
United States
330 Posts
 Posted 01/24/2015  09:15 am  Show Profile   Bookmark this reply Add Danhelmick98 to your friends list Get a Link to this Reply
Nice finds!
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T-BOP's Avatar
United States
18456 Posts
 Posted 01/24/2015  09:51 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
That's kind of scary in a way to find 28 proof halves
in two rolls. think about it. no collector would ever do that , could it be that the collectors' children took them for whatever reason and cashed them in. it's something I've
been through when my kids were younger. part of the pros and cons of being a coin collector. lucky for me they didn't take anything of value.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 01/24/2015  2:12 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
That's kind of scary in a way to find 28 proof halves
in two rolls. think about it. no collector would ever do that , could it be that the collectors' children took them for whatever reason and cashed them in. it's something I've
been through when my kids were younger. part of the pros and cons of being a coin collector. lucky for me they didn't take anything of value.
Too many of one thing takes up space...it's a matter of priority...many collectors dump impaired proof coins, they abound!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 01/24/2015  5:00 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
fistfulladirt , with all due respect; how and why would a collector have 28 impaired proof
Kennedy halves ? It doesn't make any sense.
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Rackster's Avatar
United States
4809 Posts
 Posted 01/24/2015  7:29 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
I think that poor storage may be the culprit. I pulled two proof Jeffersons out of roll tonight and both have tiny Verdi going on them in a couple of spots. Otherwise, almost scratch free. Once the coin is compromised, the value plummets and collectors release them to the wild. I picked up a proof dime about a week ago in change at my LCS. They treated the proof as nothing more than a dime. When I brought it to their attention, I got a shrug and a "we do it every day".

Proofs are fun to find in the wild, but as noted above, they are abound.
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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 01/24/2015  7:39 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply
I'll keep any proof that I find, even if it's damaged. I don't have a very large collection, and keeping proofs just
seems so interesting to me.

My thought goes, "Someone paid a premium for this and now I get it for face? Score!"
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 01/24/2015  8:04 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
fistfulladirt , with all due respect; how and why would a collector have 28 impaired proof
Kennedy halves ? It doesn't make any sense.
That's an easy one - through roll hunting hundreds of thousands of half dollars, accumulating proofs, then dumping the unwanted.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Finn235's Avatar
United States
6130 Posts
 Posted 01/25/2015  9:42 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
^ Not to mention that people often buy old proof sets, cherry pick the proof 69/70 to send in for grading, and dump the rest of the coins. Old proof sets can be had on ebay for about $5 each for $0.92 face value. As long as one of your coins is worth at least $4.08, you can literally spend the rest and still break even.
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jbuck's Avatar
United States
188325 Posts
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Francium8787's Avatar
United States
115 Posts
 Posted 02/04/2015  8:03 pm  Show Profile   Bookmark this reply Add Francium8787 to your friends list Get a Link to this Reply
Don't know the exact trade value but would say some people may consider them about 1.75$
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