60's Proof Frankie Cameo's

dlimb2

Are they undervalued?

SanctionII

Those 60's CAM Frankies that can be found raw in proof sets (in OGP or commercial holders) or as singles are often quite inexpensive, even those that are high grade and DCAM. Finding these coins takes time and effort but if one is persistent you can have success and accumulate a nice stash of them. It is possible even for the coins from the 1950-59 era. In that sense they are undervalued, presenting a cherrypicking opportunity for a collector interested in these coins.

As for slabbed versions of these coins, I have no idea since I do not buy slabbed versions of these coins. Some dealers charge hefty retail prices for slabbed versions of these coins however.

I also do not know about whether they are undervalued from the perspective of a seller, since I have not sold any of these coins yet (they just accumulate as I find them). One of these days I will have them graded and will try to sell them. If I make money on them, then they are not undervalued. If I lose money on them then they are undervalued.

I think these coins have potential for profit if you can obtain really nice examples and hold them long enough for the market to mature to the point where demand for same causes price increases. It probably has already happened, but with information technology advancing further and more people around the world coming into the hobby, eventually the supply will be less than the demand. In the 6+ years I have looked for these coins I continue to see many raw examples of these coins covering 1950-63 available in varying quantities at coin shows and shops. The nicest ones with the highest grade and black & white look just continue to get harder to find however.

Merc

No. 1960-63 proof cameo halves are rather common with high pops. DCAMs are tougher and are priced higher. Still, 1962 halves in DCAM are not that hard to find. A better value would be a 1959 DCAM half.

Cameonut

I agree with Merc that the cameos are very common. Higher grade dcams for '60 and '61 are rather tough to find - the '62 and '63 are relatively common in dcam. I don't believe the dcams have much upside potential unless it is a top pop that will have Registry demand. I have a number of '60's cameos that just sit in the drawer because it is not feasible to slab them and make much of a profit. So if the prices rise, the supply will be there.

I also agree that the '59 dcam can be a better value but can you find one? The last time I looked the total pop for '59 dcams was less than 15 coins. So they are extremely hard to find. It took me years to acquire one and it was pricey. But I think it has far more upside potential than any of the '60's Franklins.

CarlWohlforth

What are the two most common date DCAM Frankies? Is it '56 and '62? Anyway DCAM Frankies are beautiful coins and make awesome examples for a type set that includes proof coins. I don't know if they are undervalued, but they do look great!