Would you break up an early Proof Set?

Tonelover · May 13, 2005 9:05AM

Here's a beautiful 1904 Proof Set that belongs to a friend, all coins are Proof65-67.

Link to Picture

He wants to sell but thinks he could get more by breaking it up and selling the coins individually. What percentage over the set value (approx $30,000) would it take to get you to do the same?

LanLord · May 13, 2005 9:09AM

geeze I was going to ask how early. 1904, That's pretty neat.

LanLord · May 13, 2005 9:10AM

Oh. by the way...

no don't break it up, send it to me.

How much?

longtimecollector · May 13, 2005 9:11AM

Cool Give-a-way..... I'm in !!!!!!!

RYK · May 13, 2005 9:12AM

That is gorgeous. I think it's worth more as a set than as individual coins. It might require going the auction route to maximize $$$.

sellsatan · May 13, 2005 9:15AM

He's probably right about getting more money by splitting it up. Those are all very popular series and highly sought after for type sets.

coinguy1 · May 13, 2005 9:15AM

<< He wants to sell but thinks he could get more by breaking it up and selling the coins individually. >>

I think he's wrong in two ways: 1) in wanting to sell the set and 2) in thinking he could get more by breaking it up

Russ · May 13, 2005 9:18AM

Break it up? Hell, I just like the chance to fondle it!

Russ, NCNE

Bochiman · May 13, 2005 9:27AM

<< Break it up? Hell, I just like the chance to fondle it!

Russ, NCNE >>

He said EARLY PROOF SET.....not MadMarty!!!!

Russ · May 13, 2005 9:28AM

<< He said EARLY PROOF SET.....not MadMarty!!!! >>

Marty's too ugly, but you're kind of cute.

Russ, NCNE

JrGMan2004 · May 13, 2005 9:29AM

Personally... I would first get them into sequentially numbered holders, then sell em as a set

IF I was going to sell

I'd probally be keeping that thing!!!

coinguy1 · May 13, 2005 9:36AM

<< Personally... I would first get them into sequentially numbered holders, then sell em as a set IF I was going to sell >>

I think that practice is overrated - many so-called "original sets" are put together and then submitted for consecutive numbering. This one stands on its own merits, with or without consecutive numbering.

tjkillian · May 13, 2005 9:50AM

A very cool set. That is how proof sets are supposed to be displayed.

Tom

etexmike · May 13, 2005 10:25AM

I "made" an 1893 Proof set that is not near the quality of those coins. It was a job to get just the right coins.

I can't imagine selling the set, much less break it up to sell it.

That is one great group of coins that your friend has.

-----------

etexmike

lordmarcovan · May 13, 2005 10:25AM

Hot damn, what a gorgeous set.

I couldn't break something like that up.

Bochiman · May 13, 2005 10:32AM

<< 

<< He said EARLY PROOF SET.....not MadMarty!!!! >>

Marty's too ugly, but you're kind of cute.

Russ, NCNE >>

I knew it, I knew it!!!! It wasn't the 1964AH sets I was standing near that had you drooling, it was me!

PS....keep that set together....I envy him!

tradedollarnut · May 13, 2005 11:07AM

Calculate what the coins would sell individually at, add 15-20% and that's your asking price for an attractive, matched original set.

Don't break it up - someone will pay a premium for the set.

roadrunner · May 13, 2005 11:17AM

Don't break it up - someone will pay a premium for the set.

.........like me!

Seriously though, I bought an original 1900 proof set in 65/66 grades and paid a 12.5% premium to CDN bid prices (higher than the sum of the parts). It would be sinful to break that set up.
I concur with Coinguy1 and TDN on this. If those individual coins
bring more at auction then the set would bring at least as much as those combined. If the set is attractive and no doubt orig, many larger dealers would step up to the buy the set as a lot once the individual coins first went off.

roadrunner

gil · May 13, 2005 11:20AM

Fantastic set..I saved it as a wallpaper on my computer..nice picture !!

DrPete · May 13, 2005 11:22AM

I agree with the others to keep the set together. I currently have the only listed complete 1904 proof set in the registry. Guess what, that makes my set number one, but the set shown at the top of this thread looks like it could be better.

TonedPeaceNut · May 13, 2005 11:34AM

I think I'd cry if that set was broken up. Its hard enough trying to put together a pre-1916 proof set as it is. An original intact set should always remain together. I'd put it in a PCGS/NGC multicoin holder and take it out everyday and marvel and its beauty!

TPN

goose3 · May 13, 2005 11:54AM

OH MY!
Beautiful MATCHED set worthy of a nice premium Together!

segoja · May 13, 2005 12:00PM

That's one cool proof set.

Marty always leaves the early sets for me...thanks Marty!!!

Anyway Marty couldn't get PF69DCAM out of this set, but it has more eye appeal than his PF69DCAM's.

roadrunner · May 13, 2005 12:01PM

I came within one bid of purchasing an original 1904 proof set around 1985/86 at a Stack's Auction. Jay Miller of Numismatic Professionals in Mass. ended up beating me out by a bid increment.
I had left a bid and did not attend the sale. All of the silver coins had wonderful killer toning. I had underestimated the value of the silver dollar by about $3-5000 (rather than gem it was a superb gem). Hence I lost the set. I did end up buying the half from them and it graded NGC PF66 in 1988. I would suspect today that is either a 67 or a 68. This is one I keep on remembering as the set that got away. And now everytime I run into an original 1900-1908
Barber PF set, I immediately think back to what could have been.

roadrunner

RYK · May 13, 2005 12:21PM

Maybe the board can pitch in and purchase it as a group. We should form a coin buying consortium.

rainbowroosie · May 13, 2005 12:30PM

NICE!!!

pursuitofliberty · May 13, 2005 12:31PM

Jon,

WOWWWW ... BTW, was this the one you were promising if I gave up your icon coin! Heck I'll even pay for shipping!! Consider it a done deal!!!

Keep that thing TOGETHER!!!

think I'd cry if that set was broken up. Its hard enough trying to put together a pre-1916 proof set as it is. An original intact set should always remain together.

Wisconsin · May 13, 2005 12:32PM

I think breaking this set up would almost be as bad as dipping it to get higher grades. I guess both dipping and breaking these up happens all of the time. It will just make the one I buy someday and keep original and intact worth all the more.

coinvet · May 13, 2005 12:34PM

I think breaking this set up would almost be as bad as dipping it to get higher grades.

That's what I was thinking. My guess is they will one day be dipped and sold as shiny DCAM [yuk]

RYK · May 13, 2005 12:35PM

Jon,

Show your friend this thread and add a huge "You Suck™".

GTS · May 13, 2005 1:10PM

Breaking up that gorgeous Proof set would be a shame, I agree with an earlier post that the set would be worth the sum of the parts plus 15 or 20 %.Tell your friend to auction them as set, judging from the response's here I think most agree they are more of treasure together then they are individually.
GTS

NumisOxide · May 13, 2005 1:14PM

Wow, that is one awesome 1904 Proof set.

mgoodm3 · May 13, 2005 1:15PM

That's a nice one to keep together since they match.

MadMarty · May 13, 2005 1:18PM

<< 

<< He said EARLY PROOF SET.....not MadMarty!!!! >>

Marty's too ugly, but you're kind of cute.

Russ, NCNE >>

Russ want's to play with your monkey!

100proof1957 · May 13, 2005 2:40PM

Holy Crap !

Melmcbee · May 13, 2005 2:54PM

I'm speechless.

That is the first picture I have ever seen of a "real" early proof set. Thanks for the lesson.

wjd283 · May 13, 2005 3:03PM

No way I'd bust that up.

<< I'd put it in a PCGS/NGC multicoin holder and take it out everyday and marvel and its beauty! >>

Awesome set !

razorface1027 · May 13, 2005 3:13PM

If memory serves me, that set or a similar looking date set was for sale @ Ebay a year or so ago. It made the headlines at this forum for some reason. However, I could be totally wrong.

Tom

Would you break up an early Proof Set?

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