proof sets but not original

Hedger

Here's my situation. My uncle has some ealier proof sets from late fifties in early capital like plastic holders that say "Mint Proof Set" at the top of each one. He said that's how they used to come from the mint but I know for a fact they did not come in those holders. He said they are mine if I want them. Should I just sell them knowing that they are probably rejects a dealer used to make these sets or remove them and stick 'em in a folder. The later mint sets he has from 64 up I'll probably sell or break up and put into folders. What do you guys do with these undervalued sets besides sell 'em to Russ?

Smittys

A proof set doesn't have to be in it's original holder to
be nice. If they look good nothing wrong with adding them
to your collection, However if the look like rejects sell them
and buybetter.
Just My opinion


Smitty

Russ

Have you seen the sets yet? Sometimes these can develop some very cool toning on the coins. Might be a nice catch.

Russ, NCNE

Mark

Russ:

Do the sets in the hard Capital plastic cases develop decent toning? I thought that the hard plastic used in these holders was relatively reaction free. Perhaps the coins can develop toning if the screws aren't screwed down real tight so that the coins are exposed to more of the atmosphere?

Mark

keets

hey Hedger

your post seems to indicate that you place some special value on them being in the original Mint cello. consider looking at the coins and then making a judgement. at the same time, consider looking at Proof Sets in the original Mint cello and making the same judgement.

would you think fully original dogs are more valuable than nice re-made sets?? would you think that the same coins in either form are more valuable than the other form?? i would suggest that you give some thought to the coins and not the holder they're in.

al h.

MICHAELDIXON

Bruce,
I wouldn't consider them rejects "knowing that they are probably rejects a dealer used to make these sets." Many people, especially in the late 1970s, liked to display their sets in Capital holders. People thought if they placed the coins in the holders and took them out of the mint packaging it would prevent toning and milk spots.
.
What do you guys do with these undervalued sets besides sell 'em to Russ? Believe it or not, there is a market for them.

morgannut2

I think you would be foolish to sell a gift from your uncle. And from a practical point of view, careful he doesn't give that 95 Proof Morgan he failed to mention to a DIFFERENT relative when he finds you sold the proofs he already gave you!!

Russ

<< <i>Russ:

Do the sets in the hard Capital plastic cases develop decent toning? >>



Sometimes. Depends on environment.



Russ, NCNE

solid

Perhaps the sets were put together using the best coins from a few sets, with
the lesser coins sold long ago. Collectors have been known to do crazy things
like that from time to time.

Ken

Hedger

Thanks guys. All good advice and I will most likely keep the sets or upgrade depending on condition. I never collected proofs sets until recently since '99. I wonder why the earlier proof sets arent as hyped up as the modern stuff?

clackamas

I have seen some super awesome rainbows come from capitol plastic holders. I think the one with the velvet pouches are the best but it can happen with any of them

TheRaven

Remember to watch the Coin Vault on TV and you will see that they are the hottest thing on the planet, or 2nd to complete MS-69 something or another.

I would keep them if they fit into your collection without question.

BillJones

The best way to trade "run-of-the-mill" proof sets in in the original mint holders. HOWEVER if these sets contain cameo coins or coins with great toning, that can trump the orginal holder situation. The trouble if the coins are "run-of-the-mill" or imparied, which is quite often the case, they are worth less than the coins in the mint holders.

Like most things in numismatics, I can't give you a definitive answer without seeing the items.

AND yes, proof coins that have been stored in Capital Plastic or other holders can have nice toning. Although the company claimed that the holders are air-tight, air did seep into the holders, and depending upon the environment, the coin could tone to an attractive finish. BUT that is unusual, which is what nicely toned coins bring a premium.