Is this an average 1950 Proof Set?
coinsarefun
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What is your opinion?
What value do you say it is?
This one is in a capital holder, no box.
I searched on Ebay and I only see a few. I'm going to guess at $550.
Stefanie
What value do you say it is?
This one is in a capital holder, no box.
I searched on Ebay and I only see a few. I'm going to guess at $550.
Stefanie
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Comments
The coins really don't look like proofs to me.
<< <i>My first guess, from the images, is that is a mint set.
The coins really don't look like proofs to me. >>
<< <i>My first guess, from the images, is that is a mint set.
The coins really don't look like proofs to me. >>
My thought too...
But very nicely struck
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Do you have to make an offer, or is the owner looking for a set price? $550 would be pretty standard retail, IMO.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
I'm just trying to update my inventory list with prices.
Not buying or selling.
I have another still in the original box but the cello is starting to affect the coins.
I was thinking to take the other set out and put it in a holder.
I'm going to take better pictures of the set I posted now and re post them.
I'll take them out of the capital holder and post in a few.
Stefanie
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Certainly no reflective fields/devices.
If it is a Proof set, just a common set IMO.
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<< <i>They are proofs. In 1950, the mint didn't polish the dies during use like they did in later years. As others have said, look at the strike and the rims. >>
Indeed. A nice set, too.
I just saw a set inferior to yours sell at a premium to your valuation.
i have seen coins with both finishes in all denominations. for instance, i purchased a 1950 Proof Set in a Capital Holder back in November of 2007. the Half-Dollar had the softer Mint like Matte finish and graded PR65 at PCGS, the Nickel/Dime/Quarter all are brilliant with a semi-cameo look and the Cent graded PF66CAM at NGC, so there's a bit of everything to be had!!! the Quarter is pictured below, i think it should grade PR67 possibly a point higher, it has absolutely no hairlines whatsoever.
hairlines are the biggest problem with these sets and i always strongly suggest that they be placed in Capital type holders or SaFlips for protection. don't fool yourself into thinking that original is better with these old box sets, carefully remove the coins and save the packaging. also, buying them on eBay or anywhere from a picture is risky at best. discerning the faint hairlines at a shop/show or even your own home is difficult, i can guarantee that you'll never see them in a picture, especially if the seller doesn't want you to see them!!!
as for price, bid/ask is probably about $530/$570 with dealers in my area buying at 10-15% back of bid and selling at anywhere from bid-ask. the 1950-1970 Proof Set arena is an interesting and challenging area to actively collect in. be prepared to look at many, many sets before you buy, but if you're smart you can end up with some nice coins rather cheaply, coins which are prohibitively more scarce than the pundits would have you believe.
this 1950 Jefferson is in a PR67 PCGS first generation holder.
...so I'd say that $550 is a very fair price...
<< <i>Walter Breen touches on the fact that in 1950 there appear to be two types of finishes on the Proof coins; polished Cameo surfaces and a finish that more closely resembles a Matte finish, weaker mirrors that don't have the depth of later years and look like very well struck circs to a certain degree. apparently it took the Mint some time to perfect the process so the Cameo finish came later in the year. remember, the Mint used the Matte finish until 1916, started 1936 with a soft Satin finish and switched to the polished finish. after the brief hiatus from 1942-1950 i assume the workers had to re-learn the Cameo process with perhaps nobody employed who had done it before.
i have seen coins with both finishes in all denominations. for instance, i purchased a 1950 Proof Set in a Capital Holder back in November of 2007. the Half-Dollar had the softer Mint like Matte finish and graded PR65 at PCGS, the Nickel/Dime/Quarter all are brilliant with a semi-cameo look and the Cent graded PF66CAM at NGC, so there's a bit of everything to be had!!! the Quarter is pictured below, i think it should grade PR67 possibly a point higher, it has absolutely no hairlines whatsoever.
hairlines are the biggest problem with these sets and i always strongly suggest that they be placed in Capital type holders or SaFlips for protection. don't fool yourself into thinking that original is better with these old box sets, carefully remove the coins and save the packaging. also, buying them on eBay or anywhere from a picture is risky at best. discerning the faint hairlines at a shop/show or even your own home is difficult, i can guarantee that you'll never see them in a picture, especially if the seller doesn't want you to see them!!!
as for price, bid/ask is probably about $530/$570 with dealers in my area buying at 10-15% back of bid and selling at anywhere from bid-ask. the 1950-1970 Proof Set arena is an interesting and challenging area to actively collect in. be prepared to look at many, many sets before you buy, but if you're smart you can end up with some nice coins rather cheaply, coins which are prohibitively more scarce than the pundits would have you believe.
this 1950 Jefferson is in a PR67 PCGS first generation holder.
>>
This is one of the reasons I like these forums.............there is always someone that can shed some major light on all of your questions!
Ray
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
As far as is this set average? Yea, I'd say average with probably an average plus cent. The cent is usually the problem coin in the 50 PS. Yours is nice and red, that's nice, although in the closeup pix it seems that the coin is starting to spot. Also I'm a bit concerned about the two lines I see on the bell. Are they toning or are they scratches? No matter really, I think that even if they were light scratches, the coin would still grade at 64 which is a pretty average grade for early PS's. So, all in all, a nice set.
Values on these types of sets can vary quite a bit. Back when 1950 sets were bid around $300 I bought two sets for pretty big money...one was about $1500 and one was $2000. Needless to say both sets garnished major pop top coins, but even sets that don't have pop top coins in them still bring decent premium. This can range from minimally hairlined coin that have no glue spots to pr66 and above coins.
morris
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