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Opening A Proof Coin Set?

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United States
1 Posts
 Posted 11/13/2017  1:49 pm Show Profile   Bookmark this topic Add Amamit81 to your friends list Get a Link to this Message Number of Subscribers
If I wanted to send a coin off for grading, what is the best procedure if it is inside of a mint sealed proof lens case? I'm new to this process so any advice would be very helpful.
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nfine's Avatar
United States
3469 Posts
 Posted 11/13/2017  2:50 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
The process varies by year. Please share which year set you're thinking about opening and the experts will be along to help with the best way to get at the coins.

Please forgive me. I forgot to you to the forum.
Edited by nfine
11/13/2017 3:20 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/13/2017  3:18 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree - show us a pic, please.



to the CCF!
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Crazyb0's Avatar
10197 Posts
 Posted 11/13/2017  3:29 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
to the funny farm!

Some "lenses" (cases) are easier to open than others. I will try a thin edged sharp knife along the side seam first to break the glue, carefully tho, not to go too far into the case or cut yourself. Once a little area starts, the case will wedge open. If too tightly sealed with glue, the drastic means like a hammer on the side is necessary. Sometimes a twisting motion works too. Just make sure you have the case covered for flying crap. Always handle coins by edge between thumb and forefinger, never use sharp object to pry out of holder, try turning over and tapping case around coin over a soft cloth.
Edited by Crazyb0
11/13/2017 3:30 pm
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jbuck's Avatar
United States
188213 Posts
 Posted 11/13/2017  5:09 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

The sets from this century are note sealed and come apart really easily. Before that they were sealed, but can be opened with a utility knife along the seam and some patience.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 11/13/2017  5:33 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If you can free the coin without damaging the package in any way, then go for it.

Problem: When it is graded and then entombed in a slab, and the proof set is no longer complete. The set may be worth a lot less than just the value of the coin removed.

Costs involved:
1. loss of value of the incomplete proof set
2. slabbing fees
3. return shipping fees.

Question:
Do TPGraders grade proof sets with, or without, opening the packaging? I must admit, I have never heard of such a policy, either way.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/13/2017  5:37 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Let's start with the year and a pic, please!
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jbuck's Avatar
United States
188213 Posts
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basebal21's Avatar
13014 Posts
 Posted 11/13/2017  7:05 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
1. loss of value of the incomplete proof set


The overwhelming majority of US proof sets have a very minimal value for being complete. A single top notch coin is actually worth much more than the whole set and being in the set would actually drag it's value down.


Quote:
Do TPGraders grade proof sets with, or without, opening the packaging?


They're graded raw outside of the packaging.
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Dorado's Avatar
Canada
24885 Posts
 Posted 11/13/2017  10:25 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
To the Forum.
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jbuck's Avatar
United States
188213 Posts
 Posted 11/14/2017  11:00 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The overwhelming majority of US proof sets have a very minimal value for being complete. A single top notch coin is actually worth much more than the whole set and being in the set would actually drag it's value down.
I agree.
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Tootallious's Avatar
United States
1559 Posts
 Posted 11/14/2017  12:16 pm  Show Profile   Bookmark this reply Add Tootallious to your friends list Get a Link to this Reply
I assume that the same would apply to mints sets as well? For example, I've seen the Kennedy half from a 1964 mint set valued at twice what the whole mint set is selling for.
Edited by Tootallious
11/14/2017 12:21 pm
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jbuck's Avatar
United States
188213 Posts
 Posted 11/14/2017  2:29 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I assume that the same would apply to mints sets as well?
Yes, that is correct.
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Andrew99's Avatar
United States
1533 Posts
 Posted 11/14/2017  2:59 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
One of my money tricks at shows is to go through proof sets from 55-63 and pick out one's with good cameos on halves. They often sell well above the cost of the entire set.
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Tootallious's Avatar
United States
1559 Posts
 Posted 11/14/2017  3:06 pm  Show Profile   Bookmark this reply Add Tootallious to your friends list Get a Link to this Reply
That explains why there are so many coins advertised as "pulled from mint/poof set, still in original cello". They just separate them to sell them individually. Smart move as long as they don't over price them which is usually the case.
Edited by Tootallious
11/14/2017 3:07 pm
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