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Replies: 18 / Views: 4,690 |
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Valued Member
United States
106 Posts |
*** Edited by Staff to clarify topic title. Titles are important! ***Why would proof sets not be sealed? This seems a violation of common sense. A sealed coin package is supposed to preclude tampering/substitution, right? (Aside from protecting the coin itself...) I get the distinct feeling that seals provide very little security and less veracity of the contents...
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Bedrock of the Community
Australia
21786 Posts |
To the Mints, presentation and packaging of proof sets is more of a motivation than permanent preservation of the coins in the package.
Mints around the World 50 to 100 years ago made proof coins that were not cameo details with polished fields. They were the just the best examples of what could be produced off the best quality dies and planchets to be used, as the standard to aspire to for the following business strikes. No thought was given to their presentation and packaging and certainly there was zero motivation to market any of them. That is why proofs made before about 1950 are so rare, and commonly less than 10 of a date or type were struck.
There are exceptions to this of course such as the British 1937 4-coin gold type set struck for the Coronation of George V1, when 5,501 sets were made for sale to the public. These coins in less than FDC condition are considered common, and sell for less than 50% of the AGW for the Five Pounds gold coin for example, if in less than FDC condition.
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Move to current times. Now cameo proofs sets with polished fields are produced in their millions of sets. for sale to the public.
Some mints permanently seal each proof coin in a set in an acrylic capsule that is ultrasonically sealed. The coin cannot be taken out of the capsule, without destroying it. The Royal Australian Mint for example, has been doing this for some years, for their proof coin product. The individually encapsulated coins are then in an attractivly presented package. This sort of sealing is considerably better than for slabbed coins, which are not necessarily in a completely airtight environment.
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Moderator
 United States
187940 Posts |
They are not sealed to make it easier for some of us to get the coins out and put them in our albums. 
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Pillar of the Community
Australia
7096 Posts |
With the exception of the 1966 Proof sets the Australian proof Decimal coins were all sealed up until last year in a big rectangular slab and the coins survived the years rather well. The New Decimal proof sets are issued in individual airtight capsules in a box. The 1966 sets have not survived the years very well due to them just being sold in velvet lined boxes and have toned with cabinet friction and handling mark problems making them rather hard to find in top grades. All in all the Royal Australian Mint has done a rather good job with its Proof set Issues 
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Bedrock of the Community
United States
17884 Posts |
The US proof sets were sealed up until 1999. Since then they have been in holder that can be opened and closed leaving no evidence. In my opinion this was a mistake and it has allowed so serious scamming over the years. In 1999 there were a lot of "error" proof sets that had one of the State Quarters missing and a duplicate of one of the others. These sets were selling for hundreds of dollars on ebay. Of course all you had to do was buy five regular 1999 sets for about $100, pay musical chairs with the quarters, snap the cases back closed and voila you had five of the error sets that would net you $3K or more on ebay. Then in 2000 there were the ultra rare VIP 1999 proof sets! Now in 1999 the SBA proof came out late in the year so it wasn't included in the 1999 set. But in 2000 1999 sets with all 10 coins appeared on ebay. It was explained that these were special sets specially put together for VIP's and dignitaries. Strange thing though, the 1999 boxes they came in didn't indicate that they were special at all, and the insert inside the sets was the same color as that used in the 10 coin 2000 sets. All you had to do was by a cheap 2000 proof set a 1999 proof set and a 1999 proof SBA, put the 1999 coins in the 2000 holder, shap it closed and put it in the 1999 box and you had a "VIP" set worth thousands. And of course there is the common scam of just replacing the silver coins in a silver proof set with the coins from a clad set. Especially popular with 1999 and 2001 sets. Obviously I think they should be sealing the sets
Edited by Conder101 12/30/2015 1:33 pm
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Moderator
 United States
187940 Posts |
I buy mine directly from the Mint, so I am not complaining about the lack of seal, but you do make some good points. I do not miss having to break apart the lenses though. Really. 
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Valued Member
 United States
106 Posts |
I thank each of you for your information and explanations.
Permit me to say that removing a proof coin from it's container to insert it into an album rather gives me chills...
You have taught me that many "seals" are good only for consuming fish and balancing balls....
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Moderator
 United States
187940 Posts |
Quote: Permit me to say that removing a proof coin from it's container to insert it into an album rather gives me chills... But once you pop you cannot stop. 
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Valued Member
 United States
106 Posts |
ibuck - lol...guess you're right about that for sure...
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Moderator
 United States
187940 Posts |
It took me a long time, at least ten years, to finally bring myself to breaking up my sets. That was over twenty years ago now. No regrets. 
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Pillar of the Community
United States
624 Posts |
I had a proof set from when I was a kid that I dropped once and cracked. It wasn't until last year that I looked up it's value and saw it was worth less than $10 in great shape that I didn't mind breaking it open and then resealing the coins in air tight holders. They look much better now than they did behind that cracked plastic.
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Moderator
 United States
187940 Posts |
Good call. 
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Bedrock of the Community
United States
11951 Posts |
I agree ...
If you have a proof set that has high grade coins with good eye appeal, breaking them out and putting them in air-tite capsules might be a good idea.
More so for coins that have attractive toning. Seal them up to try and keep the toning in the attractive state.
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Bedrock of the Community
 United States
12816 Posts |
I've been buying two of each set each year with the idea of cracking one open for albums, but I still haven't broken down. 
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Moderator
 United States
187940 Posts |
Tick-tock! What are you waiting for? 
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Pillar of the Community
United States
1373 Posts |
I just got done reading through this topic and now I'm not sure I should have. What made me think, primarily, is Conder101's post. This morning when I woke up I was totally happy with all of the items I bought over the past year; now I have bad thoughts. I basically bought all the silver proof sets from 1998 to 2013 last year, and now I learn that it's possible that they could all be clad proof sets. I never knew until just now that coins could be taken out and put back into proof sets without any visible evidence. I had always thought that one had to break the plastic to get coins out of the Mint slabs. It's sad to say, but the more I learn the less fun this hobby is for me. 
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Replies: 18 / Views: 4,690 |