Type Set Addition; and opinions on whether to pull trigger.

SanctionII

Today I picked up an addition for my newest endeavor, filling a Dansco U.S. Type Set album. It is an 1832 Half Cent, VF, with nice color and eye appeal. She will look very nice in the album.

Also, while visiting a local jewelry/coin shop, the coin guy said he had 16 unopened 1961 proof sets. He picked up the sets as part of a bulk purchase of an estate of an old time collector. I looked at the sets and could not see any obvious evidence of them being opened and resealed. I asked if he knew if they were part of a group received by the collector from the mint that were set aside on receipt and left untouched. He said he did not have any more information. He wants $15.00 per set and said he would buy them back from me at $10.00 per set if I did not like them after I opened them.

I did not have $240.00 on me and even if I did, I was hesitant. However, I did pick out two sets at random and paid $30.00. On opening them I found that the sets were not tarnished or damaged in any way.

One set has a cameo nickel (both sides with decent frost and mirrors). The other coins in that set were nice, clean brilliant proofs and the half is not a DDR. The other set is similar in appearance except the nickel in brilliant and the half (not a DDR) is DCAM on the reverse (it looks neon through the cello) and CAM on the obverse (though I can not tell the precise level of frost/contrast through the cello).

Should I pull the trigger on the remaining 14 sets given the above?. In essence it is a $70.00 bet ($80.00 including the two sets I picked up today) that I will find on or more PQ coins in the sets (buy at $15.00 and sell back at $10.00). The upside is possible CAM/DCAM coins and possible DDR half. The downside is lose out on a max of $80.00. Your thoughts please. SanctionII

robertpr

Pull that trigger! Even if you lose every cent it will still be a fun rip!

eyoung429

Pull the trigger!!!

If you are able to at least proof 1/8th of the set at PR65 or above, you will be able to double what you invested, even if you return some of the sets..

raycyca

If you don't, let us know where the dealer is so we can take him up on his offer. I always love to open old proof sets. Even if you don't find anything, you still have the excitement of the search. I've got several DCAMs from 64-70 in unopened proof sets. Several are in my Kennedy proof registry set. Let us know how you make out! Good luck. Ray

RGL

I'd take all of those in a heartbeat, particularly after buying a couple and finding CAMs... Sell any you don't want on eBay and you may well do better than $10 a set buyback.

robertpr

Or at least pick up one more set and sell it to me.

relayer

I'd pay $16.50 a set for all 16 plus S/H/I if you want to pick up a few bucks

( and no returns )

Bear

Pull my finger.

SanctionII

Update. After checking out the two 1961 proof sets I bought unopened, I spent last night and early today pondering whether to cut out the one half that has DCAM reverse and a CAM obverse that I can't evaluate to my satisfaction in the cello.

What to do, what to do. I am looking at it right now. I can't resist anymore. OK, I am reaching for scissors. I am cutting the cello. The half is exiting it's cocoon...................., the reverse has intense even frost and the obverse is.................., disappointing. The obverse is at best light to moderate frost. The mirrors are ok. No hairlines, no milk spots, yet not the deep watery look.

All in all a nice looking 1961 half, however, given the ligth to moderate frost on the obverse devices, I do not know PCGS or NGG would give a CAM designation.

Still thinkning about whether to pick up the other 14 unopened sets. I am very tempted cuz I need a 1961 PF67 or higher DCAM DDR Frankie for my set of raw proof Frankies.

Stay tuned for further updates. I will pull the trigger or pass by Friday (when I am back in the town where the shop is located).