Yet another newbie question. Sorry :)

ceeveeNJ

I have several mint proof sets, silver mint proof sets and State Quarter 2-Roll sets. My question is this. On average, if broken out, what percentage of the proof sets would be worth grading by a grading service? What percentage of the State Quarter 2-Roll sets would be worth grading as well?

What are the average grades for proof sets?
What are the average grades for business strike sets?

I ask because I see these graded coins on fleaBay getting extremely high dollar bids.

Thanks!

Here is an example:
Link to a California State Qtr.

rsdoug81

I'm sure someone like Marty or Russ will be around to answer this question soon, but on average a very small percentage of coins cracked out of these sets are worth grading. Unless you are sure they will grade 68 or 69 or have cameo or deep cameo surfaces, you should probably leave them as they are.

19Lyds

Tough questions for a newbie!

Typically, the modern proof coins grade PF69 DCAM with a smattering of 68's and 67's. PF70's are extrememly difficult to obtain. I would advise you to hold off on having your Proof sets graded unless you have an absolutely perfect coin. By this, I mean absolutely no flaws that are visible with a 10x loupe. None! When you get experienced with grading, submit what you want.

For the State Quarters you must remember that just because these are mint rolled coins does not mean that they received special handling or treatment. These were simply pulled from the circulated coinage runs and rolled in mint wrappers outside of the mint by a contracted vendor. I would say that the average grade for these coins may be an MS64 although you never really know until you crack open the roll. My experience has been that the mint roll sets can be surprisingly disappointing in quality. At least that is what I have experienced with the nickel rolls, Kennedy Rolls, and the state quarter bags. For State Quarters, your best bet is to search bank rolls which are available at cost instead of opening your mint rolls which you paid a premium for.

Just my opinions which may or may not differ from the other board members.

ceeveeNJ

19Lyds... thanks for the tips.

I'm really curious as to what the eBay seller I posted the link to above did to get that coin. Bank roll or directly from the mint? He/she is a board member here as well. Hmmmmmmmmmmmmmmmmmm... make me wonder.

19Lyds

Again, I repeat, directly from the mint does not guarantee a quality coin even for the 1st day covers! The ebayer above more than likely searched quite a few bank wrapped rolls or $500 boxes to obtain that specimen and then had it graded. I have a Missouri D that I pulled from my pocket that got a MS67 so your best bet is to search the bank rolls or watch the cash drawers. BTW, 68's are really difficult to find regardless of where you look which is why they usually command some big premiums!

Edited to add: Well DUH!! I looked at the link and the user is selling a "flag" quarter which is an indicator of a "bulk" submission to PCGS. Flag quarters have the label at the bottom of the slab with the states flag on the reverse of the label! Still, MS68 are difficult to obtain.

ceeveeNJ

19Lyds...

Are there any special requirements to get a "flag" quarter?

19Lyds

Dealer Bulk Submissions. How its done is unknown to me but I have heard that if you contact the Customer Service line that a bulk submission price is available. By bulk, I mean hundreds of the same coin. No mixed mint marks but the same coin.