I'd like some advice about old proof sets...

samingeorgia

Back when I was a kid, my parents had some friends who bought me proof sets each year for Christmas. In those days, Rich's department store in Atlanta had a coin shop and they put the proof sets in what looks to me to be a plastic device like a Capital holder. They did this from about 1956 until sometime in the early 60's when the wife died and the husband moved out of town.

My question is, should I remove these coins from the holder and submit them for grading?

I'm not interested in selling them, but I think maybe they'd be better preserved in the TPG holders and the grading would be a plus too.

I suspect that the Rich's people may have not been too careful in transferring the coins because some of the pennies have some "fly-specks" on them.

Your thought would be appreciated!

Russ

<< <i>My question is, should I remove these coins from the holder and submit them for grading? >>



It's likely that most of them aren't valuable enough to justify the grading fee. If you have no plans to sell them, just leave them as they are, but make sure the sets are stored properly.

Russ, NCNE

coinguy1

If your main concern is preservation, there is no need to spend the $ to have the coins graded. There are less costly storage/preservation options available.

Also, the coins have had plenty of time to haze up, tone or otherwise react to the elements, so unless you subject them to a big change in temperature/climate, etc. they will probably remain essentially as they are now.

Even if $ were your concern, unless the quality were exceptional, in most cases, the odds are against it being worth having them certified.

majorbigtime

<< <i>

<< <i>My question is, should I remove these coins from the holder and submit them for grading? >>



It's likely that most of them aren't valuable enough to justify the grading fee. If you have no plans to sell them, just leave them as they are, but make sure the sets are stored properly.

Russ, NCNE >>



Oh 'm gosh, I agree w/ Russ!

carl

As basically already noted, just leave them alone. If they have remained as is for about 50 years why are you worried. However, if your worried about what they will look like in a few hundred years, then I still wouldn't worry if I were you.

samingeorgia

A few hundred years, eh? Well, you know, you need to plan for the future!

The sets are stored in a safe deposit box, so I trust that temp / humidity isn't a big problem.

Thanks, guys!

segoja

Russ is correct, keep the coins in the hodlers as is. Expect they should bring around bid to bid -15%. Check for cameos. Those may be worth grading.

I visited that coin shop at the downtown Rich's many times as a child. Even bought a few coins form them. Nothing fancy as I think I had $.25/week allowance.

Good Luck from a fellow Georgian!