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Posted 04/18/2018 3:34 pm
Quote:
BS is right. Those who crack massive amounts of proof sets or even buy rolls of mint proofs to submit in quantity hoping to get a group of PF69's and even a 70 or two will settle for slabbed 68's but usually have requested that any lower not be dealt with. those returned coins 66 and below are totally worthless to sell raw and make much...into the bank bags they go.
BS is right. Those who crack massive amounts of proof sets or even buy rolls of mint proofs to submit in quantity hoping to get a group of PF69's and even a 70 or two will settle for slabbed 68's but usually have requested that any lower not be dealt with. those returned coins 66 and below are totally worthless to sell raw and make much...into the bank bags they go.
An '83-S proof roll wholesales for $36.
What happens is the proof sets get busted up in huge numbers (as many as a couple thousand at a time) and only about the best .2% get sent in for grading. On this date they'll need PR-70, I believe. Most of the coins or about 95% are put in rolls and sold to big buyers for 36 to $40 a roll depending on their current needs. Sometimes these rolls are "sold" even before the sets are destroyed.
The other 4.8% or so have problems and usually just get put in the till or taken to the bank where they get mixed in with everything else.
While only about 5% of '83 pr quarters are bad some coins will be far worse. BU 1976 type I Ikes, for instance will be about 50% bad even if you can find pristine sets and most sets now days are tarnished so they are nearly 100% bad. Some can be cleaned and salvaged.
Modern are disappearing before our eyes and before people ever thought of collecting them.
Time don't fly, it bounds and leaps.
Edited by cladking
04/18/2018 3:36 pm
04/18/2018 3:36 pm
