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 Replies: 20 / Views: 3,431 |
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Valued Member
Virgin Islands (U.S.)
68 Posts |
I've come into a crisp never-opened 1956 flat pack US Mint proof set (mint mark unknown). So here's my question/s -- might I be better off if: 1. Do I leave it and add it to the collection as is? 2. Do I open it and at least see what atmospheric/storage conditions have wrought? (A little toning never hurts :) and/or who knows -- the Frank and George may be more than just exemplay. Who knows ... 2. If I open it, would I be better off leaving it as a set, or bust it up and send off the Frank and George for grade and slab (and maybe the Rosie if ever I'm so inclined someday. Forget the Abe. It ain't worth it)? I know I'm gonna get a million different opinions, and that's OK. I'm hoping for a general consensus. Judging by the closed ebay sale prices for the same US Mint set, I'm leaning toward the slab/grade route at least for the Franklin and later the Washington at some point. |
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Valued Member
Canada
235 Posts |
Outside of it having a PR70DCAM TI Half in it, there's no harm in just leaving it as it is. Any signs of "trauma" to the envelope? If not, the coins should be OK
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Pillar of the Community
 Canada
5392 Posts |
Mint set ? Or Proof Set ? Huge difference
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Pillar of the Community
 United States
6514 Posts |
I'd at the very least open it to see what condition everything is in. I don't think an unopened set really carries a premium does it? Any prospective buyer would want to know the condition of the coins they are paying for.
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Pillar of the Community
United States
7505 Posts |
Quote:
I've come into a crisp never-opened 1956 flat pack US Mint proof set (mint mark unknown). Mint or Proof set, which? |
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Pillar of the Community
United States
5767 Posts |
I agree with the question about which type of set is it. Uncirculated Mint set or a proof set?
And IMHO, an unopened set will bring a premium as long as the outside has no scars or environmental damage.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Pillar of the Community
United States
3468 Posts |
If you bought it on ebay you should open it immediately. A 1971 Phili uncirculated set in a sealed reproduction 1956 proof set envelope looks and feels just like a genuine 1956 sealed proof set. |
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Valued Member
 Virgin Islands (U.S.)
68 Posts |
For those who have asked, seller says it's a Proof set. Original crisp packaging from the US Mint, whcih makes it a Proof set sold by the Mint &  . This was not an ebay purchase. Edited by STTScott
01/09/2021 5:56 pm
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Pillar of the Community
United States
992 Posts |
Unopened sets will bring a premium.
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Pillar of the Community
United States
3755 Posts |
A 1956 proof set is worth in the area of 50-70 bucks. Me, I would open it. The problem is the coins can get hazing from the cellophane they were packaged in. You could have absolute gems, or you could have badly hazed heartbreakers. Only way to know is open and look.
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Pillar of the Community
United States
2330 Posts |
You'll need to know if you have a Type 1 or Type 2 Franklin?
Let us know when you OPEN IT...lol
smat
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Valued Member
United States
283 Posts |
I bought a mix of 3 to 4 dozen proof and mint sets in 1979. I freed the three '56 proof sets from their sealed manila tombs in 2020. My logic in doing so? Yes, it certainly would be fun to exchange them for a premium, but only if I can delude myself for the rest of my life by believing I got the best of the buyer. (Of course, delusion would be my only avenue post-sale. If I somehow learned that my buyer took home the keys to a far greater premium, my playground would become a sinkhole. The greater probability is that I'd never learn anything post-sale. The buyer might even leave them sealed.) To me, that kind of brinksmanship does not appeal, so I treated myself to the certain fun of unsealing the tombs.
I didn't notice anything extraordinary in the contents, so they're back in their envelopes waiting for me to begin a project whereby I educate myself as to what subtle events I should be looking for. For now, I'll delude myself by dreaming the upcoming project will be fun.
Kevin
Edited by Kcm
01/11/2021 08:10 am
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Bedrock of the Community
United States
20753 Posts |
I'm not a collector of those sets so I'd just open it and use the coins for Albums.
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Valued Member
Virgin Islands (U.S.)
68 Posts |
Sorry everyone, but I couldn't help myself. I opened the manila tomb from Philadelphia, looked at what was inside (awesome gorgeous, perfect fields, but nothing out of the ordinary), and separated the Franklin and Washington for grade and slab.
Edited by STTScott
01/12/2021 2:15 pm
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Moderator
United States
187582 Posts |
I would have probably done the same.  |
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Pillar of the Community
United States
3323 Posts |
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Replies: 20 / Views: 3,431 |
Posted 01/09/2021 1:25 pm
