2 Questions from a "Part time" collector

Gabby · May 24, 2003 11:01AM

I've always enjoyed proof sets and have been collecting them for past 5 years. Some of the earlier sets I have are PCGS graded (1940s) but most of the rest are not. I'm trying to get the complete run to give to my grandchildren in about 10 years. They always enjoy looking at them with me now. Have following questions and would like opinions from those "avid hobbyists":

1) Should I join PCGS?

2) Would it be wise to submit the 1950s, and for that fact the other sets that aren't PCGS graded for PCGS Grading?

Thanks for the board..While I only come here once and awhile it's amazing what I learn

Gabby
www.antiquelures.com

ksteelheader · May 24, 2003 11:05AM

Velcomin! Lots to be learned here! I'll let someone else answer your questions though...Ken

stman · May 24, 2003 11:09AM

This is just my opinion.... I feel the proof sets should be left in their original package. You can't go wrong leaving them in their original package, but it is possible it could go wrong the other way. I feel the same about Proof SAE. They look nice in the plush mint package. Putting them in slabs it just isn't the same look.

But I guess some see $ and send them in.

DSH1963 · May 24, 2003 11:11AM

Most of my 70's to present sets I got already slabed here and on ebay.
It cost me to much to have them done at 15 per coin plus the coin plus ins.
YOU can get most of the coins for 20 or less'
JUST MY WAY OF GETTING THE BEST GRADE PR68DC AND 69DC.
THANKS DAVID

MacCoin · May 24, 2003 11:19AM

I agree with stman proof set look nice in the mint package. I also think commemorative look better in the mint packages.

a2labmom · May 24, 2003 11:21AM

Welcome to the boards.

1. only if you plan on submitting a fair amount.

2. leave them all in their original mint packaging.

Merc · May 24, 2003 11:29AM

I love the 1940 proof sets. Did you have an original one intact? I've only seen 1 in the original cellophane envelopes. I had to put mine together coin by coin. They have gone up so much in the past 3 years, I've had to stop buying them.

Here is my 1940 proof sets:
1940's proof coins

I would submit the 1950 proof set if they are in nice shape and have few hairlines. The 1950 is the rarest of the modern proof sets. The other years become rather common and are not worth the grading fees. Proof Franklin halves with a nice cameo on both sides are rather rare and would be worth grading.

You can join PCGS collector's club if you like but it is not necessary. You can submit coins to them through a PCGS dealer. I have never joined PCGS. I submit coins through a dealer and he pays the shipping costs.

IronmanDuke · May 24, 2003 11:42AM

Hi Everyone - I'm very member and enjoy the humor and wisdom of the posts.

On the Q&A Board a few days ago, I asked David:

"Proof Sets in Original Wrapping or Plastic?

Is it better to keep early proof sets in their original wrappings or switch to the plastic (Capital) holders?

The pre-55's were wrapped in material harmful to the coins. The later "flat packs" don't have as much curb appeal from a display standpoint. Auctions with "in the box" or "in the envelope" seem to go higher?

Would you / should you
a) switch all
b) switch pre-55
c) switch none "

His response was:
"I would switch all."

You all seem to think the original package is the way to go.
I'd value some more opinions..
Thanks

ursabear · May 24, 2003 11:43AM

Welcome!

ccrdragon · May 24, 2003 11:47AM

Welcome to both of the newbies!!!!

I would leave the proof sets in the original packages - I knw they sell for a premium that way, plus personal pref is to find them in the original package (just like the modern commems!)

merz2 · May 24, 2003 2:04PM

I say send them in.The cellofane is bad for the coins.

CarlWohlforth · May 24, 2003 2:06PM

David's job is to sell certification services.

Some people pay a premium for nice proof sets in original packaging. Sets that are not that nice from the mid 50s and later are rarely worth certifing as far as I can tell.

I knew a local dealer who often sent coins in for certification. He would add my coins to his order for the cost of grading. It was cheaper than joining, though I have now joined PCGS and can send in my own orders. He was very accurate in predicting how the cerfication would work out.

wingedliberty · May 24, 2003 2:11PM

In the main title of this thread , you refer to yourself as a "part-time" collector, before I can answer your question in fairness to you, what does "part-time" mean to you when it comes to coins?
Welcome.

Brian

Barry · May 24, 2003 10:45PM

Welcome!
In my opinion, the only reasons to slab a coin you currently own are:
1. Authentication - for obvious reasons. Not needed for Proof sets
2. Plans to sell in the near future - Right now PCGS slabs command a premium. It wasn't always this way (NGC commanded a premium 10-15 years ago), and there's no guarantee it always will be. For example, look what happened to PCI. They used to be a respected service. Ownership changed, standards changed, and now their reputation is in the toilet.

2 Questions from a "Part time" collector

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2 Questions from a &quot;Part time&quot; collector

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2 Questions from a "Part time" collector