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When Do You Grade A Mint Coin?

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Author Previous TopicReplies: 2 / Views: 940Next Topic  
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Newby Numis's Avatar
United States
58 Posts
 Posted 06/27/2021  7:01 pm Show Profile   Bookmark this topic Add Newby Numis to your friends list Get a Link to this Message Number of Subscribers
Please forgive the naivety of this question. I see proof sets and mint sets going for very low prices. Now what am I missing here. If coins are grade base on their condition, wouldn't we expect these coins to have a higher likelihood to be in great condition and worth more than other coins? For example, Grandpa's shoebox had a bunch of these:

When-Do-You-Grade-A-Mint-Coin?

Now if I found a coin in a wrapper that looked really good, wouldn't it make sense to grade it on its own? What am I not understanding?
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kanga's Avatar
United States
5825 Posts
 Posted 06/27/2021  10:11 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
You have the Denver half of a 1960 US Mint Set (the Philadelphia coins would be the other half).
Your portion catalogs about $20-30, well under the cost of getting them graded.
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PNWType's Avatar
United States
561 Posts
 Posted 06/27/2021  10:16 pm  Show Profile   Bookmark this reply Add PNWType to your friends list Get a Link to this Reply
There are people who cherry-pick unc and proof sets for coins that are in immaculate condition and will pull a premium, however the coins you see in the sets will often not carry much of a premium

Unc sets are just that, uncirculated, they are certain to be anywhere from MS60 to MS70. However it's only the pristine ones (the highest grade ones) that pull big premiums, in more modern stuff that's usually 67 and up.

Proof sets are usually without blemishes because of extra care taken, but with things like Franklin halves, a proof won't carry a big premium unless it manages to be cameo or deep/ultra cameo. Sort of luck of the draw.
Edited by PNWType
06/27/2021 10:18 pm
  Previous TopicReplies: 2 / Views: 940Next Topic  

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