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 Replies: 11 / Views: 2,057 |
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New Member
Canada
7 Posts |
My mother passed away this year and I've been cleaning up a few safes containing part of my step-father's coin collection and I've found hundreds of proof-like sets from the 60s and 70s banded together. Why do I have these? Was he searching for a specific variation or just a little on the insane side with his collecting? And what do I do with them?  |
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Pillar of the Community
 Canada
9862 Posts |
When I pass someone will be equally mystified.
In the early to mid '60s prooflike sets were touted as an investment sure to bring fantastic returns.
First sort them by year.
Let us know what you have.
'67 and earlier contain silver.
"Dipping" is not considered cleaning...
-from PCGS website
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Moderator
 Canada
10456 Posts |
 to CCF... As DBM stated, sort them first by year, and there are lots of people here who can help you out. Some may be worth just bullion, but there are some scarcer varieties for some years... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
5238 Posts |
The ones from 1968 and newer and rather unfortunately just worth face value. Coin dealers I know have buckets of them and they are quite a tough sell.
There are a few varieties so do not dump them until you have checked them.
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Bedrock of the Community
United States
94367 Posts |
Sad but true.  |
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Pillar of the Community
Canada
1505 Posts |
1973 (25 cent) and 1974 (dollar) have some valuable varieties + anything with silver (1967 and earlier)
It will be interesting to see your list
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Pillar of the Community
Canada
818 Posts |
Does anyone know what these sets sold for in the 60s and 70s?
Also, as to why your step-father had so many of these:
Did he ever sell coins?
Maybe he was part of a coin club and had them as a give-away or won them as a prize?
The mystery is intriguing...
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Pillar of the Community
Canada
2845 Posts |
According to Charlton --
1959 - 1964 $3.00
1965 - 1973 $4.00
Increased to $5.00 in 1974 (likely grumblings over that), and $6.25 by 1979
Considering f/v was just under $2.00, the premium was not that great. They were commonly sold at the local Post Office.
The highest # sold, ever, was in 1965 - a whopping 2,904,352. Hard to believe considering the population was much smaller but during that era coin collecting was hugely popular.
Edited by wildflowerAB
07/10/2016 7:00 pm
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Pillar of the Community
Canada
5391 Posts |
The silver ones need to go to the melt bucket , The nickel ones enjoy! Just like thousands of the rest of us who have hundreds of these "Investments " lying around.
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Valued Member
Canada
395 Posts |
Unfortunate but true most are of them are going to be worth face. Hopefully some are 67 or older and thus have silver content. Look out for 73 and 74. Can always try to the BST forum on here as well.
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Pillar of the Community
Canada
5584 Posts |
Each of the silver coin are equal to .6 oz of silver for each face dollar's worth. If scrap silver price is $25, then every dollar's worth of coins is $15 scrap. Make sure that the scrap silver price that you are offered is in the proper currency that you want (US or Canada). Since all the coins that you have are right out of the mint, you should be able to get over 90% of the scrap silver price, since there is no wear on the .. the dealer just can't give you 100% because the price fluctuates so fast.
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Valued Member
Canada
372 Posts |
First, to the forum. It might look like a crazy thing to do  but many collectors are hoarding stuff they like.I admit that I also have way too many coins and that my kids would wonder why. A simple reason: we love it  |
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Replies: 11 / Views: 2,057 |
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Posted 07/10/2016 3:45 pm
