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Questions On Price Spreads For US Presidential Dollar Proof Coins

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Valued Member

United States
314 Posts
 Posted 03/03/2017  08:44 am Show Profile   Bookmark this topic Add einstem to your friends list Get a Link to this Message Number of Subscribers
Hey there..

So I am working on a Presidential dollars album because I like the way the look and as a way to improve my coin collecting skills. I am creating an album of all the P, D, clad-Proof, and Silver-Proof coins.
I am stating by focusing on collecting the clad-proof coins since they are readily available and look great as proofs.
I plan to "break them out" of proof sets and put them right into my album.

So, looking on ebay this morning for the first 4 coins (2007 proof set of 4 coins), I discovered quite the variety of prices for what appear to be the same coin.

Cheapest, I can purchase 4 individual coins that someone is calling "Deep Cameo" in individual 2x2s (which means I don't need to break them out of the mint album) for only $6:

http://www.ebay.com/itm/Set-of-4-20...401010826728


Or, I can get them in an original US Mint proof set that someone is calling "Deep Cameo" set in the US Mint box (which I will need to bust open) for about $8.00 (which is pretty much the RedBook price):

http://www.ebay.com/itm/2007-S-4-Co...201433962583


But then there is a listing for 4 coins slabbed together and graded as "PF69" by NGC for $25 (that I would need to break out of the single slab):

http://www.ebay.com/itm/2007-S-Proo...4?rmvSB=true


And then, somehow has the same 4 coins, but individually slabbed and graded as "PF70" by NGC for $70 (that I would have to break out of the individual slabs to put in my album)

http://www.ebay.com/itm/2007-S-Pres...112295182794


So, I have a range here of about 12X for the same 4 "proof coins", going from $6 to $70. That is QUITE the spread for the same 4 "proof coins" of a fairly recent issue.

So, what I am trying to determine is what is the best value here for the money?

Is there really any difference between any of these proofs, or is this all just about people bundling and marketing these in different ways to make more money.
Obviously, if someone paid to get the coins graded and slabbed, they need to recoup some of that "slabbing costs" when they sell it.

Am I best just spending $6 and getting the 4 individual proof coins or $8 to get the full mint proof set?

Are the graded "PF70" or "PF69" any different then just the individual ungraded coins I can get for $6 at 1/10th the cost?

And is there really a difference in terms of quality or collectability between any of these?

There are about 40 clad-proofs in the Presidential dollar set, so there is QUITE a difference as to what I would pay to assemble all 40 proofs for $6 for 4 proof coins ($60) vs. $70 for 4 proof coins ($700!!).

Thanks so much.. loving these forums..

Regards,

Michael
Valued Member
AtB's Avatar
United States
150 Posts
 Posted 03/03/2017  08:58 am  Show Profile   Bookmark this reply Add AtB to your friends list Get a Link to this Reply
I would go with slqmaven if there for your album better quality than 2x2 I would think it will be a great project post a picture of your progress I collect them also.
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Alpha2814's Avatar
United States
2023 Posts
 Posted 03/03/2017  11:25 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Coins in the 2x2s are ungraded and who knows how they were handled before going into the flips. They could have fingerprints, stains, or spots (but then, sometimes that happens with slabbed coins, too) as well as hits and dings.

The coins still in the mint box, who can really say what condition they're in. They might also have hits or dings depending on how they were handled at the mint.

The differences between the 69 and 70, you probably wouldn't be able to see with the naked eye, but someone graded and slabbed them. 70s are almost always worth some kind of premium (sometimes a little, sometimes a lot). If you're looking to crack the slabs to put them in an album, don't bother with the 70s. It's not worth the premium you would pay and they wouldn't remain 70s through the process.

With modern proofs, it seems like almost all of them are "deep cameo", so don't put a whole lot of weight into that.

If I were in your shoes, I'd shop among the 2x2s, relying on pictures when available, and replacing any that didn't meet my standards. It might be easier to buy and crack slabbed 69s, but that would cost a bit more and there's a risk you might damage a couple along the way. They're still inexpensive enough that wouldn't be too bad, though.
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Conder101's Avatar
United States
17884 Posts
 Posted 03/03/2017  12:33 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
In the auction for the coin in flips there is also a $2.69 shipping charge which makes that offer more expensive then the set still in the government packaging that has free shipping. Also the images in the 2X2 flip listing are NOT the coins you will actually receive. Notice he says you will receive coins SIMILAR to those in the pictures.

As for the other two listings, they are higher because the coins have been professionally graded. The uncertified coins from the first two listings may be of equal quality, or maybe not, but the fact they have been graded means they will cost more then "raw" coins. In the case of the third listing whoever had them graded actually paid more for the grading than the coin are now selling for.

The coins in the fourth listed were graded as 70's which is the highest possible grade and as such there are consideraly fewer of them, hence the higher asking price.

Now consider this. You are planing to crack the coins out and put them in an album, if you crack out the coins from either the third or fourth listing, as sson as you do they cease to be "certified" and become "raw" coins again worth no more than the coins in the first two listings. So if you are going to crack them our your best deal would be that of the second listing
Valued Member
United States
314 Posts
 Posted 03/03/2017  2:18 pm  Show Profile   Bookmark this reply Add einstem to your friends list Get a Link to this Reply
.. Thanks.. all good info.. and certainly no "clear answer".. pros and cons to any approach, and always lots of "unknowns" in whatever I end-up purchasing.

Agree it probably doesn't make sense to break them out of a graded/slab, unless I can get a GREAT deal on one (or a set).. perhaps the set of the 4 PF69 slabbed together for $25.. if I can get it a bit cheaper, could be a good deal since I know they will be top-quality coins..

..this is certainly NOT a simple hobby....

Michael
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