Looking at 62 mint set and need help

Spartan · August 27, 2006 6:55AM

i'm looking at my fathers old us mint sets and trying to price them with PCGS. i am confused because i have several sets from the 60's that are packed in clear cellophane packing - and have the little philadelphia medallion like thing - just like the later date mint sets. however, this set comes with a note from the mint that says its a proof set. i see the Philadelphia sets, proof and mint - are listed in PCGS and i don't know which set it is. Proof or mint?

Leiana · August 27, 2006 6:57AM

Proof sets were made at Philadelphia up to 1964 (incl.). A Mint set would have Denver coins and an S cent.

-Amanda

Leiana · August 27, 2006 7:03AM

Welcome, by the way.

-Amanda

Spartan · August 27, 2006 7:04AM

yes, thank you. but i still have one question. in pcgs there is a price for mint set p coins and also proof set p coins. do i go with the note from the mint saying this is a proof set? thank you again, david

robertpr · August 27, 2006 7:08AM

If the coins are mirrored in the fields and extremely reflective, they're proof coins. If they instead are not mirrored and have cartwheel lustre, they're Uncirculated coins (look like regular coins). You'll know the difference quite easily.

Leiana · August 27, 2006 7:08AM

I really am not sure you should be going by the PCGS prices anyways, as they are there for coins that have been encapsulated by PCGS.

-Amanda

Spartan · August 27, 2006 7:10AM

they look like proof coins. i plan on having them graded and sell them. i have several so i will keep some/sell some. so, if they look like proof - they probably are? thanks for the help. david

Shamika · August 27, 2006 7:11AM

<< <i> I really am not sure you should be going by the PCGS prices anyways, as they are there for coins that have been encapsulated by PCGS. >>

That's a bullseye!

robertpr · August 27, 2006 7:12AM

<< <i>they look like proof coins. i plan on having them graded and sell them. i have several so i will keep some/sell some. so, if they look like proof - they probably are? thanks for the help. david >>

Yes, the difference is very easy to see. Most proof coins are not worth the cost of encapsulation though, you'd probably do a lot better keeping the set intact and selling it as a set.

Leiana · August 27, 2006 7:13AM

<< <i>

<< <i>they look like proof coins. i plan on having them graded and sell them. i have several so i will keep some/sell some. so, if they look like proof - they probably are? thanks for the help. david >>

Yes, the difference is very easy to see. Most proof coins are not worth the cost of encapsulation though, you'd probably do a lot better keeping the set intact and selling it as a set. >>

-Amanda

Spartan · August 27, 2006 7:17AM

if you should not look at pcgs prices how do you determine the cost effectiveness (price to insure, ship. have graded by pcgs, and returned)? Looking at the coin i judge it to be at least a 69, and there is a big difference between an MS and PR Franklin Half with MS being much better priced (to sell). what is best way to fix your cost if not by pcgs price guide? thanks again. david

RedTiger · August 27, 2006 10:09AM

Search on Ebay.com for similar raw coins or coins in mint packaging (search 1962 Mint Set for starters). Unless the coins are truly remarkable they are probably not worth certifying at $18 per coin. If you have a camera take some pics and post them. You'll get some opinions as to grade. If there are five coins (one of each denomination) it is usually a proof set. If there are ten coins that is a mint set.

On Ebay, typical 1962 Mint sets with uncirculated coins are going for about $20. Sealed Proof sets with shinier coins are going for $12 to $15. Odds are extremely high that your coins are average. Again, post some pics, especially of the Franklin half dollar(s) and some of the veterans here will give you opinions.

Looking at 62 mint set and need help

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