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 Replies: 21 / Views: 2,062 |
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Pillar of the Community
United States
1121 Posts |
Gentleman and Ladies,
I am starting to fill the proof holes in my albums. I was wondering if anyone had any advice on how to approach this. My Dealer/Friend advised me to buy from 1964 to recent and then purchase individual coins, as my budget would allow, from there. Any experience or insights on this would help me and my wallet greatly. Thank you all.
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Valued Member
United States
164 Posts |
Buy the 1964 through present. I was able to get 64-92 for about 200 bucks then start cracking them out. From there it got a bit pricier with the State Quarters and silver proof sets. Hopethis helps. |
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Pillar of the Community
Canada
1931 Posts |
I'm sorry if this isn't right on topic. I try to read every new post that comes out so that I can try to learn everything about everything. lol But I am just curious, you guys actually buy proof sets and then take them apart? Or am I reading this wrong? Why exactly do you do that? Sorry if this is a silly question but I have never heard of doing that and I'd love to know why its done.
thanks
malissa
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Moderator
 United States
6563 Posts |
I'll make it stay on topic  It's a great way to get proof coins or UNC coins that you can take what you need and then in turn sell the rest or send them off to a TPG to be individually slabbed so someone else can crack it out again and start the vicious circle again Almost all proof coins are in sets. Anytime you see one loose in a TPG slab or a 2x2, then someone has cracked open a set Dremel, vice clamps, screwdrivers, knives, hammers, etc have been used to crack coins out of the sets. Some are safe....some aren't  I normally use a very thin knife blade to gently separate the seal along the entire edge of the slab. A lot of others will secure it and take a small dremel tool and literally saw off the edges of the slab and lift the front cover off with no ill effect to the coin |
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Pillar of the Community
United States
581 Posts |
To go a bit further with Graceoutcast's explanation....
Another big reason is that if you are collecting more than one type - say you're collecting nickels, dimes and quarters. It is quite likey to cost you the same to buy the proof set, crack it open and take out your three coins and then sell the remaining ones. You'll probably make money.
For example, the 1971 and 1972 proof set list on Numismedia for $6 each. If you were to go around and get each of the five coins in those two sets, you would spend way, way more than $12 in time and money. This also applies even if you only need 2 or 3 in each set.
This also applies to mint sets and maybe even more so.
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Moderator
United States
6563 Posts |
I opened a silver proof set and sold all the coins in 2x2s. I made a $48 profit  |
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Pillar of the Community
United States
1713 Posts |
malissa,
Most US coin albums have a hole for proof coins. Coins are taken out of the sets in order to fill said holes.
neversuited1,
It seems like it's cheaper to buy the sets when possible instead of the individual coin. Sometimes individual coins will sell for as much as or close to what the whole set costs.
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Pillar of the Community
 United States
1121 Posts |
Thank you all for your comments!
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Moderator
 United States
187446 Posts |
The majority of the proof coins in my Dansco albums were once in the proof sets that I had bought directly from the mint. |
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Valued Member
Australia
52 Posts |
Hi just a thought, when you put a proof into a collection it sometimes makes all the other coins (no matter how good they are) look like loose change and sometimes anal retentive s like me just never get satisfied.
regards
Roger
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Pillar of the Community
United States
1121 Posts |
Roger, Your point is good! But your point also keeps me motivated to upgrade my less attractive coins. My little pursuit for perfect that I know doesn't exist.. lol.
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Pillar of the Community
United States
936 Posts |
I usually approach them slowly, no startling moves. I then talk very calmly not to upset them until they are comfortable with me handling them. After awhile when they least expect it, I crack them babies out!
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Pillar of the Community
United States
1121 Posts |
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Rest in Peace
United States
2668 Posts |
Yes, you have to be vewy vewy quiet.
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Valued Member
United States
128 Posts |
Or you could receive a proof set (in my case one of three) that came pre "cracked" by the fulfillment center or the mint or DHL or the USPS. Yes these proof sets all where handled by four entities. Who Cracked the one set I duno.Who - hes on first. Anyway the set is back on its way to the fulfillment center via the USPS.
Just another way to crack a proof set!
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Valued Member
United States
128 Posts |
Oh yea to keep it on topic I agree with others buy the sets - sell the rest!
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Replies: 21 / Views: 2,062 |
Posted 07/03/2008 2:18 pm
