DEALER PROOF ROLL/// QUESTION

gary

Dealers who market rolls of Proof coins?

Is this a Big Market?

How much does it damage the coins in and out of coin tubes?

I can loose a grade just getting it out of the Mints holder if not carefull.

Gary

PutTogether

Are there actually guys that slap proofs together in rolls? You sure they arent just selling groups of 20 or 50 or whatever and CALLING them rolls?

ksteelheader

<< <i>Are there actually guys that slap proofs together in rolls? >>

Actually, yes!

I have only sold one, but I put a piece of paper cut to the same size of the coin, between each coin for protection. The buyer was pleased with my attention to detail!....Ken

Russ

I sell rolls of 1964 proof coins all the time.

Russ, NCNE

cladking

The market for proof rolls isn't large but it is very active. Rolls trade at 90% to 110% of
CDN bid depending on how eager the buyer and seller are. Contrary to popular belief, these
coins tend to actually be better quality on average than what you get in the set. The very
high grade coins are generally absent but most only pull off the top 2 or 3% of the coins. All
of the really bad coins will be removed and this can vary from 5% to about 15%.

Most of these rolls end up with the retailers who are assembling date/mint mark/denomination
sets which are sold to collectors or the general public. There may be some set aside for spec-
ulation but it's probably not a large number.

There is no reason to damage a proof removing it from a case. It is imperative that the coins
are tight in the roll to prevent jostling around. It's not impossible that a few coins will end up
with a little more marking but this will be insignificant compared to what they already had. Gen-
erally even more care will be taken with the high grade coins.

The coins in tubes are probably safer for long term storage in many cases because the mint
packaging will not always protect coins adequately.