Coin Community Family of Web Sites
Specializing in Modern Numismatics 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Shop CCF Members on eBay! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall Shop for APMEX Bullion on eBay!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Advice On Pre-1955 Proof Sets?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 3,438Next Topic  
Valued Member

United States
57 Posts
 Posted 11/14/2010  11:55 pm Show Profile   Bookmark this topic Add swiego to your friends list Get a Link to this Message Number of Subscribers
I've more or less wrapped up my post-1954 proof set collection; it took about 15 years of visiting shows, dealers, browsing ebay listings, etc., but I have the collection saved away, in a cool, dark, dry place for all eternity and I mostly managed to avoid sets with toning or other distractions.

I'm thinking about the pre-1955 sets next, but... I'm nervous. I've seen a few of the 50-54 boxes but the (very) few ones I've seen don't look so good. I've seen sets in capital plastic (sp?) holders in great condition, in a few cases at attractive prices at shows, but if I run across a "sealed, never opened" 1950-1954 box, should I run away, or... ?

Also, any general advice on pre-1955 proofs?
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 11/15/2010  01:06 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
You've done well to "avoid sets with toning or other distractions". Keep that up! Only buy coins that are attractive to you. When you talk about proof sets from 1936 through 1953 time period, you know prices can get very high.

I would not buy these expensive sets on ebay. Examine the sets that interest you "in-hand" and only buy from reputable sources. You can spend many thousands of dollars putting together a set of modern U.S. proofs but the pieces are beautiful and if you've got the time and money - go for it!
ANA #R3154474
Pillar of the Community
United States
958 Posts
 Posted 11/15/2010  01:30 am  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
MAKE SURE IT IS A REAL " PROOF SET " Id examine it in hand and not take people words for it off ebay.
See the luster the mirror reflection for yourself

I have seen people say its a "proof set" when it is actually just a " MINT "
set of the years coins uncirculated buss strikes.

If you cant see how do you know whats inside ?
I have seen the late 50's mint sets still in the paper for sale pretty cheap, sure they have the year on the bottom corner of the set no was to see the coin
saw on the forum a guy bought a 58 opened it and saw the coins were dirty ugly
tried to clean them with acetone and they didnt have that deep mirror cameo finish like he hoped

from what I have read not all proofs are created equal
Pillar of the Community
upstate's Avatar
United States
3278 Posts
 Posted 11/15/2010  05:10 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Yeah those old (expensive) sets must be seen if you want your quality maintained.
I've had a similar questions about the sets in capital plastic holders. Not original
packaging, whats the value discrimination? And what about authenticity in those containers?
Sounds like your the guy I should be asking because your set is more complete than mine.
I proudly have from 68-present minus 3, but have a long ways to go.
Bedrock of the Community
United States
20753 Posts
 Posted 11/15/2010  09:35 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

I would not buy these expensive sets on ebay. Examine the sets that interest you "in-hand" and only buy from reputable sources. You can spend many thousands of dollars putting together a set of modern U.S. proofs but the pieces are beautiful and if you've got the time and money - go for it!


Sort of says it all except not stressed enough to be carefull of coins on ebay. And too, regardless of what a dealer says, do not buy unopened boxes of proof coins. You really don't know what is inside. You wouldn't buy a house without looking inside would you?
Valued Member
Numisnut's Avatar
United States
123 Posts
 Posted 11/15/2010  09:45 am  Show Profile   Bookmark this reply Add Numisnut to your friends list Get a Link to this Reply
I have purchased quite a few unopened proof sets and so far I have been pretty happy. Maybe the odds will catch up with me eventually but my fingers are crossed.As far as the pre-1955, I believe for the kind of money they attract I would want to see it as well.
Valued Member
United States
57 Posts
 Posted 11/15/2010  12:07 pm  Show Profile   Bookmark this reply Add swiego to your friends list Get a Link to this Reply
Every set I bought was examined and to be honest, I would say that with the exception of 2005 to present, I probably looked at 5 to 10 sets of each year before finding one. The hardest sets, by far, were some of the Prestige sets I wanted (the silver commemoratives tone like you wouldn't believe), the 1976 40% silver set (again, toning) and the 1955 and 1956 flats because it was hard to find a set that I comfortably felt looked good when the packaging itself starts to wear a bit, making it hard to see the coins. The easiest were the silver premier sets from the 1990s (consistently clean, beautifully struck and well-preserved).

The other challenge has been balancing cameo vs. quality. I've always chosen problem-free coins but sometimes this meant (for older sets) coins without much of a cameo finish. The prizes, from the beginning, have been sets with several cameo coins that lack a single problem coin. It took years to find a 1955 with clean coins and a rich frosting on Ben. :)

It seems like pre-55, there is no reduced value for sets without original packaging, perhaps due to widespread assumption original packaging is known to be bad for the coins and therefore the less time the coins spent in contact with it, the better. I could see the appeal of a set in plastic + its original box in a bag off to the side... perhaps. It also occurs to me that the 1950-1954 sets could be put together a coin at a time. I see certain coins like the halves, quarters and nickels fairly widely available, and own a few already, while cents and dimes seem to be hard to find and rather pricey. I do not know whether it makes more sense (financially) to seek out sets, or build them up.

I also sense that 1950-1954 is fairly achievable, but 1936-1942 will be a five figure investment no matter how long I look for a good deal.
Edited by swiego
11/15/2010 12:09 pm
Valued Member
United States
57 Posts
 Posted 11/15/2010  12:14 pm  Show Profile   Bookmark this reply Add swiego to your friends list Get a Link to this Reply
I agree that no one should ever buy a "sealed" proof set. Now that said, I've broken that rule at times, as it's possible to get 5-pack sets from the 70s, 80s (original clad sets) in the original shipping containers from the mint, and at a pretty low cost, and these have come out great. For anything else, I think "sealed, unopened" should be considered synonymous with "tactic to prevent you from seeing problem coins before you buy them."
Pillar of the Community
Learn More...
carmykle's Avatar
United States
2448 Posts
 Posted 11/15/2010  12:52 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
I have heard that about the original packaging on proof sets and I posted that question on this forum when a friend told me last summer. The myth was busted by several forum members. The mint did not use damaging materials to pack coins. I am in the same boat as you; working on pre-1954 sets. While not in a real hurry, when do find one, I make sure it's in the original mint packaging and not one of those Capital holders.
  Previous TopicReplies: 8 / Views: 3,438Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.33 seconds to rattle this change. Forums