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How Would You Buy Proofs?

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timsumrall's Avatar
United States
1256 Posts
 Posted 11/03/2010  1:32 pm Show Profile   Bookmark this topic Add timsumrall to your friends list Get a Link to this Message Number of Subscribers
I want to do some more work on my LWC/LMC proofs but my last BU buy was disappointing at best (finger prints, black spots, bad packaging). This was an online dealer not an auction house. I expected better especially when labeled "Premium BU".

I'm not looking for graded coins just decent ones.

So how would you do it? Local face to face? Try another online dealer?

Problem with the only local shop is it's all about the gold and silver. The copper selection is not good. The advantage is I get to see it first.

Problem with online dealer is I don't get to see it but the selection is good.



Thanks
Tim

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biokemist6's Avatar
United States
12437 Posts
 Posted 11/03/2010  1:38 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Are you looking for relatively inexpensive Lincolns? If so, then I would recommend Duckys Coins.
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jokingjoker's Avatar
United States
2150 Posts
 Posted 11/03/2010  5:22 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply
What proofs were you looking for? I may have some duplicates.
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 11/03/2010  5:43 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
Are you asking about buying Proofs or BU cents? For proofs I buy sets and break them out. I will trade the others that I do not want for other items.
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Libertad's Avatar
Canada
3692 Posts
 Posted 11/03/2010  6:09 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Again I have to ask, if proofs are meant to be preserved for their uniqueness, why do they get "cracked" open and split up? Just to spend a 50 cent piece that's hard to spend anyways? Why.... Seems like having a circulated proof kind of defeats its purpose.
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jbuck's Avatar
United States
187702 Posts
 Posted 11/03/2010  6:14 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It gets cracked and spent because the person that has it is ignorant to the numismatic value. Thieves and heirs often have no knowledge of true value.
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 11/03/2010  6:28 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
I personally do not spend them. I put them into 2x2's or in a Dansco and trade off the ones I do not want to keep for other coins that I do want.
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southsav's Avatar
2222 Posts
 Posted 11/03/2010  8:04 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply
For what its worth Tim, I'm not into Lincolns much, but I love my raw morgans and SAEs over my TPG slabbed ones. I just feel closer to it if you know what I mean. But I've learned to buy raw only from sellers who post good photos, good reputation and a fair return policy. I even ask questions before bidding... such as " Does this coin have any spots/blemishes" etc. I save his response in case I buy the coin, receive it, and find a spot. I have a hard time finding friendly store front dealers.
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Deltron's Avatar
United States
508 Posts
 Posted 11/03/2010  9:45 pm  Show Profile   Bookmark this reply Add Deltron to your friends list Get a Link to this Reply
I've bought a lot of raw proof nickels from ebay, and to be honest had a lot of gem purchases. Some we're not up to par and I had them replaced (nice to see some sellers on ebay actually take care of their customers). All in all I purchased 1956 - 2010 relatively cheap, just take your time and you will find you can score them under blue book prices.
Valued Member
sgtbigred's Avatar
United States
83 Posts
 Posted 11/03/2010  10:02 pm  Show Profile   Bookmark this reply Add sgtbigred to your friends list Get a Link to this Reply
Try and find dealers who do a lot of submissions for grading. I have at certain times opened proof sets because just one coin graded and encapsulated a PF 69 could be worth more then the whole set of proofs. Also it may be a coin needed to fill a spot in my registry set and I have found that at times it is cheaper to submit a coin then purchase one at auction already slabbed. I then will sell the rest individually as raw coins.
Bid only on those that show good quality photos and offer money back guarantee
Bedrock of the Community
United States
20753 Posts
 Posted 11/04/2010  08:19 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Try checking with Google or just typing in Coin Shows in that place for search on your home page. If there are any coin shows in your area, go to as many as you can. Usually at a coin show you can find just about anything and you get to see what you buy. No postage, handling, insuraces either.
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timsumrall's Avatar
United States
1256 Posts
 Posted 11/04/2010  10:48 am  Show Profile   Bookmark this reply Add timsumrall to your friends list Get a Link to this Reply
Thanks you.

Buy sets and crack them, visit coin shows, don't buy without good pics, ask questions if not holding it, go slow!

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jbuck's Avatar
United States
187702 Posts
 Posted 11/04/2010  11:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I cracked all of my proof sets to fill my Dansco albums. It felt pretty good, but your mileage may vary.

Keep in mind that I have albums for all five (or more) coins in the proof sets. If you are just collecting one series, like the Lincoln Cent, then acquiring them singly may be easier. When you buy a whole proof set for just one coin, you then have to decide what to do with the other coins.
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Sprucansailor's Avatar
United States
188 Posts
 Posted 11/05/2010  12:24 am  Show Profile   Bookmark this reply Add Sprucansailor to your friends list Get a Link to this Reply
Jbuck: "you then have to decide what to do with the other coins."

That can easily lead to starting more sets! LOL
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insideout's Avatar
United States
591 Posts
 Posted 11/05/2010  01:34 am  Show Profile   Bookmark this reply Add insideout to your friends list Get a Link to this Reply
Well I know I plan on cracking the cases when I start buying been watching the prices and many LMC and Jefferson's are going for what you can almost buy the set for if I had to buy both individually. What will I do with the other 3 coins I don't want who knows. I'll buy the statehood coin years individually I'm sure as I don't want to have to card 5 quarters lol
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scott hill's Avatar
United States
66 Posts
 Posted 11/05/2010  08:43 am  Show Profile   Bookmark this reply Add scott hill to your friends list Get a Link to this Reply
I find it convienient and economical to just leave the coins in Gov.pkg
w /coa.It leaves no chance to mess the coins up,and no album expence therefore
more money to collect invest with
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