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 Replies: 9 / Views: 1,891 |
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Pillar of the Community
United States
666 Posts |
I am trying to determine a reasonable price for purchasing a roll of 25 Sacagawea (Sac) dollars, "taken directly from original proof sets" (handled carefully per the advert). They are San Francisco mint, which are the only proof Sac dollars if I understand correctly. (Although there are Satin Finish coins from the Philadelphia and Denver mints.) I assume that all the 2000-2012 coins are Cameo, and 2013-2015 coins are Deep Cameo, which seems consistent with pictures of the coins. Prices paid for coin sets (25 Sac dollars, same year, taken from proof sets) sold via ebay auction, average $46.23 per set of 25 ($1.85 per coin); range = $30.00 to $68.25 per set. (All coin sets sold during July 2016; 43 sets in all.) Buy It Now prices paid are significantly higher, e.g., $90 to $150 per set (25 proof coins of the same year). The average Fair Market Value (FMV) { http://www.coinprices.org/fmvside.shtml} retail price per NumisMedia { http://www.coinprices.org/} for these coins at MS60 is $4.49 each (25 coins = $112.25). At MS65, the average FMV retail price is $10.76 (25 coins = $269.00). Red Book lists MS-65 and above only. Their retail values are about 50% higher than the FMV prices, except for 2007-S ($10.63 vs. $5.00) and 2001-S ($13.75 vs. $50.00). So, $50 or thereabouts seems like a very reasonable price for 25 Sac dollars taken from proof sets. But then, I am a certified beginner, thus my question for the experts: What would you consider to be a good price for 25 Sac dollars taken from proof sets? Edited by dd27
07/27/2016 04:56 am
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Pillar of the Community
United States
1601 Posts |
Seems like you've looked at this from all angles. I'd say your end conclusion is about right, although I'm not sure why you'd want all those Sac Proofs. Then again, I'm not sure why I buy most of the stuff I buy - with far less contemplation.
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Pillar of the Community
United States
6326 Posts |
First, ALWAYS ignore RedBook pricing....that's never been an accurate price guide, it's use is for informational and educational purposes. I would not pay those crazy prices for Sacs that you mentioned, before going to my LCS, much more affordable there. |
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Bedrock of the Community
United States
11951 Posts |
Wow ... You seem to have the Sac fever.
The $50 price does not sound to bad. Is that for a complete set of
proof Sac's?
If you were putting sets together this would be a good way to fill
some holes.
I should let you know, I work part time at local coin shops. When modern
(Small) dollars come in they pay face value or pass on buying them at all.
Do you have the lower minted Sac's. Sac's from the 2000 set, and from
2014 through 2016 special sets?
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Valued Member
United States
424 Posts |
First of all; yes all proof Sac's are from the San Francisco mint. The only other type of Sac that has come from this mint is the 2016 enhanced finish.
Second; IMHO any proof coin that has been removed from its OGP and placed in a roll makes it an impaired proof and thus reduces its value significantly. With the exception of the 2001-S I would not pay any more than $3.00 for a proof Sac. Just for the fun of it I think it would be cool to have a 'Rool of Proofs' although I would always wonder what was really in the middle of the roll.
Third; I have enjoyed collecting the Sacagawea/Native American dollars since 2000, I like the design. I have all of the major issues but I do not have any of the early crazy high priced varieties. I collect for fun, not for any investment potential. I think the only coins in this series that has any serious investment potential are the Goodacre, Cheerios, Wounded Eagle, etc varieties and maybe the 2014 enhanced dollar.
Conclusion; if you want to collect these coins and it makes you happy then go for it! Back in the corner of my mind there is some strange appeal to the thought of having 2,000 Sac dollars stashed away somewhere, but I would never actually do it. I say if collecting these coins for the fun of it is your highest priority then you can't loose.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Second; IMHO any proof coin that has been removed from its OGP and placed in a roll makes it an impaired proof and thus reduces its value significantly. If I take it out of the roll and put it in an airtite, if there is no visible damage is it still an impaired proof? And if you can't tell it was ever in a roll does it get it's value back? What if I take it out of the roll and get it graded by PCGS or NGC as PF-70? Edited by Conder101
07/27/2016 3:16 pm
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Bedrock of the Community
United States
11951 Posts |
I never read anything official, but I thought a impaired proof
was a proof coin below grade PR 60.
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Pillar of the Community
United States
6326 Posts |
The Proofs have been put into rolls.
That means there is coin on coin contact.
Whether or not there are contact marks would be the risk of the buyer I guess.
I would certainly prefer an airtight.
And a roll from all one year would fill one hole only...not sure what the OP was looking at.
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Moderator
 United States
187702 Posts |
Quote:
I never read anything official, but I thought a impaired proof
was a proof coin below grade PR 60. Although I think the term is subjective, you may be right, but it could just be any proof that just looks like it had been in the wild. Regardless, Conder is right, having it in the OGP is not the only thing that keeps a proof from being called impaired. |
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Pillar of the Community
 United States
666 Posts |
Thanks y'all! Very helpful feedback. I bought a roll that was close to face value, but otherwise I'm going to hold off.
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Replies: 9 / Views: 1,891 |
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Posted 07/27/2016 08:32 am
