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Looking For A Ballpark Figure - Proof Sets

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zookr's Avatar
United States
335 Posts
 Posted 05/18/2017  2:21 pm Show Profile   Bookmark this topic Add zookr to your friends list Get a Link to this Message Number of Subscribers
I have a 67 year old collection of U.S. proof sets (by the time the 2017 set is released) none are TPG sets, majority are in original packaging w/docs - what might they be worth en totale ? Thanks in advance . . .
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 05/18/2017  2:26 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Most of the ones from the 70s to the 90s are only worth a few bucks each. Do you have any silver proof sets? The keys to the proof set series are the 1999 Silver, 2012 clad and silver sets. The clad goes for around $100 and the silver usually goes for over $200. We need a lot more info than what you are giving us.
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cladking's Avatar
United States
2270 Posts
 Posted 05/18/2017  3:13 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Figure you'll average about 90% bid if you ship them to a big wholesaler.

Nice lots like this will get about 110% bid on ebay but it can be risky. Dealers usually only pay about 70% of bid because of the expense and work in shipping.

Almost all sets like this will end up at one of the big companies but can pass through a few hands first. Only about 20% of the mint and proof sets sold to BM dealers will walk out in a retail transaction but this is up from 5% only ten years ago.
Time don't fly, it bounds and leaps.
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Coconutjoe's Avatar
United States
1475 Posts
 Posted 05/18/2017  8:08 pm  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
If you are selling, I would make a reasonable offer here at CCF first. Nothing to lose, and if it's very reasonable, benefit goes to CCF member(s).

First CCF, then ebay, and finally wholesaler, IMO.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 05/18/2017  8:26 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have a few proof coins, but I only go for those made before about 1960.

It was after this time that mints realized that large profits could be made from them by producing proof coins in their millions for sale to collectors.
To make them more marketable, the fields were polished and the details cameoed.
Earlier proof coins generally do not have these features, but were instead made from selected blanks and were the first strikes off selected, and sometimes dies that were more carefully prepared.
They were made at the start of a new issue so that manufacturing standards could be maintained. They were not necessarily produced separately from business issues.
For this reason, novice collectors may not see major differences in appearance between business strikes and older proof coins.

The result for me? I have only a very few proof coins in my collection.
Much older proof coins tend to be very scarce and expensive, so that limits my acquisition of them. Often only a tiny number were made (10 to 100). Because of much more primitive packaging, (if any at all), older proof coins are much more subject to damage, carbon spotting on copper and bronze coins, and unsightly toning.
This helps to explain with older British Proof coins at least, why impaired proofs are often not valued at any more than an equivalent condition business strike coin.

It is a worthwhile exercise to slab older proof coins, to simply help recognize them for what they are, and to more permanently protect them.
I am not a fan of slabbing, but at least I use British Royal Mint style hard acrylic screw capsules, and sometimes put those in presentation boxes made for modern proof coins.
Edited by sel_69l
05/18/2017 8:58 pm
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crazyglue's Avatar
United States
467 Posts
 Posted 05/18/2017  8:56 pm  Show Profile   Bookmark this reply Add crazyglue to your friends list Get a Link to this Reply

That all depends.


You say
Quote:
I have a 67 year old collection of U.S. proof sets (by the time the 2017 set is released)


Do you mean that you have a collection of proof sets starting in 1950 and going through 2017, or you have a collection of proof sets that is 67 years old (meaning stuff 1950 and earlier only)?

Sold listings on ebay for the year 1950 proof sets are over $500.
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zookr's Avatar
United States
335 Posts
 Posted 05/19/2017  09:40 am  Show Profile   Bookmark this reply Add zookr to your friends list Get a Link to this Reply
Yes, crazyglue - 1950 to date & all of the silver proofs from 1992 on as well (basically, two full sets) - I looked for the best when purchasing, only 1950 & 1951 are in Whitman holders, the rest are OP. Anything before 1950 is pretty cost prohibitive on my budget - picked up the '50 through '55 about 8 years ago when prices were just a bit lower.
If anyone herein might be serious on purchasing as a whole, I can send pics instead of posting in the forum - I'll pull them out for photos this morning, I suppose. - and I would never sell to Littleton, lol

Staff edit - Buy/Sell/Trade/Want List Rules
Edited by zookr
05/19/2017 10:46 am
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KenKat's Avatar
United States
4085 Posts
 Posted 05/19/2017  4:51 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
You should be able to get a ballpark idea of retail prices on Numismedia:

http://www.coinprices.org/cgi/usrar...of=b&plus=no

Figure on 40-50% of that if selling to a dealer and 80-90% if selling here or ebay (somewhat of a guess on those).
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jbuck's Avatar
United States
187582 Posts
 Posted 05/19/2017  5:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You should be able to get a ballpark idea of retail prices on Numismedia:
I agree.
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coppercoins's Avatar
United States
7629 Posts
 Posted 05/26/2017  9:25 pm  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
I have a number of proof sets from the 90s and 2000s, both silver and clad, that I couldn't give away at 25% back of bid. Bought them in an estate, and would be hesitant to give much more than face value (or melt for silver) for proof sets ever again. I am buried in them. Started off with about 50 of them, and made it down to about 15 left after selling most of the others at 25-40% below dealer bid.
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