This morning's Coin Vault - unopened 1955 and 1956 Minnesota hoard proof sets. Anyone see it?
SanctionII
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Turned on the tube at about 6:15 a.m, flipped through the channels and landed at Coin Vault.
The CV barkers had a large cardboard box (2' x 2' x 2'?) filled with proof sets; a smaller cardboard box (8" x 5" x 3"?) with an October, 1956 Philly postmark filled with proof sets and a 1955 and a 1956 proof set in Mint cello to show to the audience.
The barkers were hyping the rarity of the sets, hyping the fact that they may (probably and/or will) contain high grade CAM/DCAM coins worth hundreds, if not thousands, of dollars, and stating that if you buy a set it will be sent to you unopened and in a clear plastic sealed container. The prices for the sets were $170.00 for the 1956 and $400.00 for the 1955.
The two Mint cello sets displayed for the audience both contained cameo halves. The 1955 half looked like a very nice cameo with black mirrors and thick unbroken frost. The 1956 half looked lightly cameoed at best. The cellos were not turned over to show you what the reverses looked like. The barkers crooned about cameos and the camera slowly panned across the obverses of the individual coins and I got the impression that they were suggesting that all of the coins were cameos (the minors clearly were not).
I must admit that I paused and thought what a treat it would be to get my hands on all of the proof sets and rip them open so I could cherrypick.
Did anyone else see the CV Minnesota Hoard show this morning? What did you think? Would you buy one of the sets from CV for their asking price, or at a lower price (if a lower price, what is it?)?
My thoughts were that the prices are 2.5 to 3.5 times retail; that the chances of finding cameos are very small; that anyone who buys a set will regret it big time; and (cynically) that at sometime between the sale of the Minnesota Hoard by the hoarder and this morning's CV show someone in the chain of custody may well have steamed or otherwise opened the proofs set envelopes, cherrypicked all sets with worthwhile cameos and resealed the rest in preparation for resale.
The CV barkers had a large cardboard box (2' x 2' x 2'?) filled with proof sets; a smaller cardboard box (8" x 5" x 3"?) with an October, 1956 Philly postmark filled with proof sets and a 1955 and a 1956 proof set in Mint cello to show to the audience.
The barkers were hyping the rarity of the sets, hyping the fact that they may (probably and/or will) contain high grade CAM/DCAM coins worth hundreds, if not thousands, of dollars, and stating that if you buy a set it will be sent to you unopened and in a clear plastic sealed container. The prices for the sets were $170.00 for the 1956 and $400.00 for the 1955.
The two Mint cello sets displayed for the audience both contained cameo halves. The 1955 half looked like a very nice cameo with black mirrors and thick unbroken frost. The 1956 half looked lightly cameoed at best. The cellos were not turned over to show you what the reverses looked like. The barkers crooned about cameos and the camera slowly panned across the obverses of the individual coins and I got the impression that they were suggesting that all of the coins were cameos (the minors clearly were not).
I must admit that I paused and thought what a treat it would be to get my hands on all of the proof sets and rip them open so I could cherrypick.
Did anyone else see the CV Minnesota Hoard show this morning? What did you think? Would you buy one of the sets from CV for their asking price, or at a lower price (if a lower price, what is it?)?
My thoughts were that the prices are 2.5 to 3.5 times retail; that the chances of finding cameos are very small; that anyone who buys a set will regret it big time; and (cynically) that at sometime between the sale of the Minnesota Hoard by the hoarder and this morning's CV show someone in the chain of custody may well have steamed or otherwise opened the proofs set envelopes, cherrypicked all sets with worthwhile cameos and resealed the rest in preparation for resale.
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Comments
Hmmmmmmmmmm
Dr J
My omnicoin collection (or how my coin photography has progressed)
I wonder where abouts they came from
BUT if the original owner stored them in his garage or attic and the temperatures went up and down … up and down … for a number years, you could be buying a bunch of junk. Improperly stored coins, like Proof sets, can go bad in their holders even if they have never seen the light of day.
For example this weekend I say a 1988 4 piece Olympic coin set in the cherry wood box. It’s something that I’d like to have so I took a look at it. The set had been shipped with a plastic cover inside the box to keep the coins from moving around in transit. Unfortunately that cover had never been removed. Apparently the coins had been stored in the Florida heat because the cover had melted and had adhered to the inside lid of the cherry wood box. Reluctantly I had to pass …
There are even more demons in unopened sets that re-sealed sets. Store problems can get you too.
I can't stand to watch it anymore when they have that Paul Hollis guy or Adam whatshisface, the ignorance half the time irritates me. I'm much newer to the trade and I swear at some moments it seems as though I'd be better off hosting the show
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
That's crazy.....
Very tempting, but very pricey.
A witty saying proves nothing- Voltaire (1694 - 1778)
An error does not become truth by reason of multiplied propagation, nor
does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)
<< <i>They looked real nice, definite cam half on the first "random one "opened. >>
And I got a bridge in Brooklyn to sell ya too.
Random, my behind!
That's called a set up
hence the quotes around "random one".
I would have like to have tivo so I could replay it and watch the switch.
(I don't really thank a set of CAMs would be worth the selling price (About $300 + grading fees in PR65 CAM?), but I would still like to have one)
A witty saying proves nothing- Voltaire (1694 - 1778)
An error does not become truth by reason of multiplied propagation, nor
does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)