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 Replies: 12 / Views: 1,419 |
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New Member
United States
3 Posts |
*** Moved by Staff to a more appropriate forum. ***
New to collecting my question is when buying the US Mint Proof Sets do collectors disassemble them and sell the coins individually or will the sets more valuable as a set. Edited by casey
03/15/2011 1:06 pm
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Moderator
 United States
187702 Posts |
Like anything else, they are always worth more as separate pieces than as an assembled set. It is simple economics because there are more buyers for one piece. A Lincoln Cent collector does not want the hassle of getting rid of the other unwanted coins of the set. He will pay (relatively) more to get that one cent. |
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Pillar of the Community
United States
594 Posts |
However, if you keep them as you got them, box and COA, there will no need to have them slabbed as far as authenticating goes. I don't know about anyone else, but I buy my Presidential dollar Proofs in U.S. Mint sets, and keep them intact. But when it comes to the cents and nickels, I'll buy individually. I guess it would depend on the set. |
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Moderator
United States
187702 Posts |
Correct. It really depends on what your goals are. People do collect proof sets, but more people collect a series and only want the coins for that series. Eventually, as most of the proof sets are cracked for individual coins, proof set collectors will begin to pay a premium for the intact sets.
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New Member
 United States
3 Posts |
Thanks for the help. I know what direction to go now.
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Valued Member
United States
447 Posts |
 What direction did you decide? |
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New Member
United States
3 Posts |
I will seperate some duplicate proofs and see what buyers will pay in Auction. I am not sure about grading but I will learn. This was my initial goal when I started this month. I have 3 grandchildren and would like for them to learn about money and collecting.
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Pillar of the Community
United States
1348 Posts |
I keep mine together. I don't know why but I do.
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Pillar of the Community
United States
6326 Posts |
Since late in 2006, I buy 1 Proof Set to keep intact, and 1 Proof Set to "crack" for my albums.
Same with Silver Proof Sets.
Same with Uncirculated Mint Sets.
This way, I have a foot in "both" worlds (theories) of collecting these.
And, years from now, I can still decide to crack the intact ones for more albums.....or keep them as is....or sell them.....no hurry....no harm....no foul.
It's true that the value for these "Sets" doesn't hold very well......but they WILL always be worth SOMETHING !
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Moderator
United States
187702 Posts |
I kept mine together for over ten years. Then I decided I wanted to put proofs in my Dansco albums. Rather than buying more proofs, I spent an afternoon cracking my sets. It was time well spent and I still remember the satisfaction I had that day. It may not be for everyone, but I have no regrets.
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Valued Member
United States
362 Posts |
I personally enjoy collecting the proof sets, also the UNC sets as well, but I also try and only buy Proof or proof like in the coins I buy. I somehow think it is a shame to break up a proof set, they only made so many and when they are gone, or almost gone we will be wishing more people had kept them whole. IMHO
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Bedrock of the Community
United States
20753 Posts |
Every year I purchase about 10 Proof and 10 Uncirc sets from the Mint. Most are for Christmas Presents. I keep one for myself. Oddly enough for my Albums, I purchase each coin separately at coin shows. One dealer at most of the shows I go to has a massive amount of individual Proof coins in 2x2's. Actually that is their primary item although they do have a few other coins, mostly all either the proofs or uncircs. They told me every year they order massive amounts of each and break them ALL for selling each coin separately. They make a real lot of money doing this and have many, many repeat customers. Theirs is one of the buisiest tables at coin shows too. I guess I could do this too but just don't want all those baby sized dollars. Those I just don't like nor collect. I also have the problem of having 10 Lincoln sets, 6 Roosevelt and Jefferson sets going. Only a few of the Halves and only one of the State Quarters so purchasing individual coins makes more sence to me. |
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Pillar of the Community
United States
7629 Posts |
Actually the question cannot be answered without first knowing the point in buying it in the first place, and then the set would have to be examined for possibilities. Basically so far ALL of the answers given were given with too many assumptions made.
1. If you're in it for profit, you should know the possibilities. While people might pay more for the individual pieces, they are harder and more expensive to sell that way. You might not sell all of them and be stuck with a partial set nobody wants. Selling as an entire set makes more sense when simple profit is all you're after and don't know how to grade.
2. If you do know how to grade, you should be able to pick out the coins that would sell for the most money graded and send them in. The certified coins - if the grades are there - would always sell for higher profit, but you would still have a partial set that you may or may not ever sell in its entirety. But one coin that grades at a top grade would make FAR more profit than option #1 above.
3. If your priority was in having proof sets and selling proof sets, then simply don't break them apart and take the chance that you may end up with a lot of spare coins.
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Replies: 12 / Views: 1,419 |
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Posted 03/15/2011 3:46 pm
