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Curious Question On Proof Sets....

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coinut's Avatar
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 Posted 05/27/2011  3:12 pm Show Profile   Bookmark this topic Add coinut to your friends list Get a Link to this Message Number of Subscribers
I have heard that proof sets do not hold much premium and I was curious....even giving a low MS grade on proof coins in a set wouldn't they hold a higher premium? What I mean is I know some sets are better than others, some may have DCAM, errors, ect but if they are all proofs would they not, at a minimum get a automatic low MS grade without being graded by a TPG? What is every one's thoughts?
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 Posted 05/27/2011  3:15 pm  Show Profile   Bookmark this reply Add schockergd to your friends list Get a Link to this Reply
I'm curious about this too , I've run into a few proof sets from the early/mid 50s that were sold just for metal content alone.

I think (and I'm a major novice) is the fact that alot of people have assembled their own 'proof sets' from coins they culled back in the day, meaning that few if any of the coins are in MS condition.
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amida17's Avatar
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 Posted 05/27/2011  3:18 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Yes they would carry a PF grade (not MS). However, many are worth more broken up and sold individually...the sum of the parts are worth more than the whole. In a lot of cases.
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amida17's Avatar
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 Posted 05/27/2011  3:23 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Always remember "Proof" refers to the way they were minted not the grade.
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 Posted 05/27/2011  3:37 pm  Show Profile   Bookmark this reply Add mshev to your friends list Get a Link to this Reply
And a low proof grade for a modern coin is pretty undesirable given that there are so many proof coins out there - all of which were meant to be uncirculated. Huge premiums will only be paid on the very high grade proofs.
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