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 Replies: 39 / Views: 4,616 |
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Valued Member
United States
384 Posts |
I'm working on getting a hold of some classic proof coins. One such coin I see is available in a grade of PF58. What are your thoughts on getting circulated classic proofs? Worth the purchase?
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Pillar of the Community
7234 Posts |
I would not waste money on an impaired proof unless it was very rare and at a heck of a deal. Otherwise I'd just save up for a true slabbed Proof example.
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Rest in Peace
10197 Posts |
No resale value for contemporary coins, older proofs pre 1955 possibly if too hard to find or high price to complete a set. Really not worth it unless basement junk bin price.  |
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Bedrock of the Community
Australia
21786 Posts |
Impaired proofs are most certainly collectoble. Like any other coin, it depends on condition. Sometimes proof dates are available when circulation dates are not.
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Bedrock of the Community
United States
11881 Posts |
yes
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Valued Member
South Africa
331 Posts |
They are normal very ugly but yes
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Moderator
 United States
34407 Posts |
Quote:
Worth the purchase? Depends on the usual price, condition, rarity, eye appeal, but in general yes for me. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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CCF Advertiser
United States
1533 Posts |
If its a Gobrecht dollar or an 1856 Flying Eagle cent, then sure. They actually circulated. I would not buy a low proof grade seated half as they did not and you would be buying one of the lower grade coins on the market. That sort of thing would be difficult to resell. |
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Rest in Peace
United States
18456 Posts |
For me it would have to have tons of eye appeal at a decent price .  Edited by T-BOP
06/17/2017 08:25 am
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Bedrock of the Community
United States
20753 Posts |
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Pillar of the Community
United States
4211 Posts |
Would I personally purchase one....no.
I have found that "problem coins", whatever the problem is are hard / impossible to sell.
At least in my case. I now am much more picky when I buy a coin after trying to sell
some I was less than happy with when I bought them in the first place.
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Valued Member
 United States
384 Posts |
So even something that is PF58 is impaired? What kind of things cause it drop below 60? The coin in question doesn't have any obvious issues
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Moderator
United States
56855 Posts |
Things that drop it below 60. Dings, scratches,rubs,finger prints the usual things that lower the grade on any coin but get magnified on a proof coin. John1  |
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Pillar of the Community
United States
1963 Posts |
I might buy a PF 58 if it doesn't look too beat up.
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Bedrock of the Community
United States
11951 Posts |
If I like the coin .. and the price is right .. then I would buy it. Buy coins for yourself .. buy what you like. For me I try to stay away from very badly damaged coins. Holed, bent or badly scratched. If you are trying to put a set together with a set grade, that could be different. For me I don't mind filling a empty hole/spot in a collection with a lower grade coin. I feel a lower grade coin is better than a empty hole. For example ... I need a 1893 S Morgan dollar to complete my set. I would love to have a XF or AU coin to fill that hole. But chances are I will end up buying a G4 to VG coin. A lower grade 1893 S will still be a more expensive coin than I have purchased so far. Of course if you think you can afford to buy a better grade proof coin, then wait for one to come along, instead of buying the AU. |
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Valued Member
United States
384 Posts |
This is the coin   |
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Replies: 39 / Views: 4,616 |
Posted 06/16/2017 11:41 pm
