? on unopened proof sets

coinrookie

Anybody ever buy unopened sets from Vernoncoin. Say an opened set of a particular year is 60.00 bucks. Is there a percentage that you guys would try to use in determining a final bid price?

DHeath

If the unopened set is a set worth $60 opened, my best guess is that it is a set with key or semi-key moderns, or pre-1960. If it is a set with potentially key moderns, I'd not pay much of a premium if any, because you probably could buy the key already graded for little premium, but if the set is pre-60, and I really believed it to be unopened (a whole different issue), I'd pay as much as a 20% premium. It is very easy to purchase look-alike envelopes and reseal coins, so be sure of your seller.

coinrookie

DHeath the seller has 8281 positives and 12 negatives with none in the last six months. It is indeed pre-1960 but not pre-1950

DHeath

Coinrookie,

For what it's worth (and I don't know which set or who the seller is), I always prefer to purchase unopened boxes (multiple sets), and I usually try to buy from sellers I've had luck with in the past. When I buy single sets, I usually try to buy from someone with very few transactions (non-dealer) because I believe right or wrong that the odds are better the set is truly unsearched. I'm sure once in a while that a power seller will sell an original unopened set, but I believe the odds are better that a non-collector will sell an unsearched set. BTW - the majority of the unopened sets I've purchased and subsequently opened have yeilded about what you would expect, a few dcams, lots of maybe cams, and plenty of problem coins and shiners. IMHO, they are like buying lotto tickets. I try to buy dates that will yield useable coins even if they are average quality (1950-1961 or 1964, or 1968-1971 or 1981 in proofs and 1950-1963 or 1970,1975,1976 in MS). I limit myself to about 20% premium, but some buyers (Seattle Seapilots) will pay almost whatever it takes to get these sets. Good luck!

coinrookie

DHeath it is a 1958 set. Guess you are right because the Frank in that set could be potentially a very nice coin. I do not see a dealer letting such a potential prize go without a peek. If it stays cheap I may go along as it would make a neat birth year proof set.

Placid

I bought a unopened 1952 proof set from Mt. Vernon coins maybe 10-12 years ago.
They ran ads in coin world mag.
I sent the coins to ngc and they all did pretty decent. I sold the half for more than I paid for the whole set and grading fees. I still have the rest of the coins.

I wonder if Vernoncoin is the same operation.

relayer

Check out this "unopened" proof set

I guess he is using x-ray pictures