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Sealed Tube Of Proof 1963 Franklin Dollars: Open And Check For Errors / Varieties Or Leave Sealed?

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Conder101's Avatar
United States
17884 Posts
 Posted 09/23/2017  08:00 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Wait... Proof coins were "received in bags"?

During the first great silver rush of late 79 early 80 a LOT of early 1960's proof sets got scrapped for the metal content. Those coins would be cut out of the pliofilm and tossed in bags with the rest of the 90% junk silver. That is probably what he means, they've been pulled from bags of junk silver.
Edited by Conder101
09/23/2017 08:01 am
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BH1964's Avatar
United States
10982 Posts
 Posted 09/23/2017  08:22 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I've owned many rolls of proof Franks, Washies & Roosies. They are basically very nice 90% junk silver and nothing more. Some collectors buy proof sets and cull through them selecting what they want to keep and selling off the reminder.

The premium to melt of these should be a very nominal amount. 10% over melt tops and that's retail. The ones I've seen never include any DCAMs or CAMs and darn few would grade over PR65. They are cool to own though and pretty to look at. Never pay a big premium for them. Here's a roll of Washies I sold.

Sealed-Tube-Of-Proof-1963-Franklin-Dollars:-Open-And-Check-For-Errors-/-Varieties-Or-Leave-Sealed?
ANA #R3154474
Rest in Peace
T-BOP's Avatar
United States
18456 Posts
 Posted 09/23/2017  10:35 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
Posted - Today :2 Hrs 3 Min ago
I've owned many rolls of proof Franks, Washies & Roosies. They are basically very nice 90% junk silver and nothing more

Your missing the concept of having and owning proof coins weather silver or clad . Most collectors buy silver proof coins for their pristine quality .They wouldn't want something that is considered 90% junk .
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coop's Avatar
United States
62064 Posts
 Posted 09/23/2017  5:53 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
I buy proof coins as they are lower mintage if I find a doubled die. (3,000 coins per die)
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BH1964's Avatar
United States
10982 Posts
 Posted 09/23/2017  8:34 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
They wouldn't want something that is considered 90% junk .


I did say very nice junk. Junk silver is not a negative term in this case. These are high mintage commons with a value that parallels their melt value. That's why they're considered 90% junk.
ANA #R3154474
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