Local Pickup 1962 Philadelphia Mint Set

Wizard1

I was browsing a local store here in Toronto, Canada and I snagged a 1962 Philadelphia Silver Mint set for $20. Asides from getting below melt for the set, what really caught my eye was the toning on the Nickel. Its sorta hard to see from my pics but can anyone tell me if the toning makes it more valuable? I'm normally on the Currency threads and don't have much experience with coins in general.

Any help/insight is appreciated!

MICHAELDIXON

That is a proof set and not a mint set.

Good score for $20!

LotsoLuck

Hard to tell from the pics but the nickel I believe is showing a toning that is common in these sets.

Edited to say, i'm a bit color blind, but if the color looks "aqua-ish" then it is the toning that is fairly common in the proof sets. Attractive but I dont think it would add to much more value, jmho.

Wizard1

<< <i>That is a proof set and not a mint set.

Good score for $20! >>



Its a proof set? Based on my limited knowledge of coins, if these are truly proofs, shouldn't they have a frosted finish?

MICHAELDIXON

The pre mid 1970 proof sets didn't show much of a frosted finish unless they were the first strikes off the dies. The mint sets from that era have a grayish/blue hard plastic insert which says: "Uncirculated Coins of Denver Mint Distributed by U.S. Mint" or "Uncirculated Coins of Philadelphia Mint Distributed by U.S. Mint"

coindeuce

<< <i>The pre mid 1970 proof sets didn't show much of a frosted finish unless they were the first strikes off the dies. The mint sets from that era have a grayish/blue hard plastic insert which says: "Uncirculated Coins of Denver Mint Distributed by U.S. Mint" or "Uncirculated Coins of Philadelphia Mint Distributed by U.S. Mint" >>



A 1962 Mint set came from the Treasury in 2 pliofilm packages, one set of Philadelphia coins, one set of Denver coins. The melt value of a 1962 Mint set as of today would be around $42.50 for the $1.70 face value of the dimes/quarters/halfs. As Michael Dixon mentioned, each of these pliofilm packages contained a blue plastic descriptive token with the coins.

Wizard1

Asides from the quarter/half/dime being silver is there anything else significant regarding this Proof Set that I have? I bought it as is without any documentation or anything.

Cameonut

<< <i>Asides from the quarter/half/dime being silver is there anything else significant regarding this Proof Set that I have? I bought it as is without any documentation or anything. >>



Not that I can see from the pics. None of the coins are cameo and the blue toned nickel is quite common for that year. You still got a good deal when compared to melt.

georgiacop50

PCGS price guide says $16. Obviously the proof set prices are in need of an update... too high on some, too low on others.

I just picked up 10 1956 proof sets at $40 each, as opposed to PCGS guide at $70.

pontiacinf

color on the nickel is common, but the price verses melt=good deal