To Grade or Not To Grade: U.S. Proof Sets

jfloomis3 · August 26, 2011 5:38AM

Should you grade U.S. Proof Sets?

It seems like they would retain more value in their original casing instead of being individually holdered, but I could be wrong.

What do you do with U.S. Proof Sets? Would you have the coins graded?

ModCrewman · August 26, 2011 5:44AM

Totally depends on the date and quality.

Realistically, anything newer than 1954 or 1955 you would need to be expecting a grade or designation (CAM/DCAM) of relatively exceptional quality to recover your grading fees, so as a blanket answer I'd say "Maybe."

I've had pretty good luck doing some selective submissions of coins from the 1950-1964 era shooting for either higher grade (ie. 66 or above) or CAM/DCAM designations.

But I'll add that the CAM/DCAM designations are pretty difficult to get at PCGS at the moment, based upon my recent experiences. Coins are required to have nearly fully black fields and heavy even frost to get even a CAM designation.

And

magikbilly · August 26, 2011 5:45AM

If I were lucky enough to come across and original 1936-1942 set, in its original tissue/cello/box/package(s), I would keep it that way.

Eric

jfloomis3 · August 26, 2011 5:47AM

Say 1995-1998 U.S. Proof Sets, 1999-2011 U.S. Silver Proof Sets, 2004-2006 U.S. Silver 5-Piece Quarter Set

Would you say that the value of them graded is worth more than the value of them in their original package?

Bayard1908 · August 26, 2011 6:02AM

<< <i>Say 1995-1998 U.S. Proof Sets, 1999-2011 U.S. Silver Proof Sets, 2004-2006 U.S. Silver 5-Piece Quarter Set

Would you say that the value of them graded is worth more than the value of them in their original package? >>

Don't waste your money on grading fees on recent proof sets. You can buy a PR69DCAM set for less than the cost of grading fees from somebody who was trying to get PR70 grades.

That being said, I greatly enjoy proof sets in the NGC multicoin holder.

CyStater · August 26, 2011 6:02AM

<< <i>Say 1995-1998 U.S. Proof Sets, 1999-2011 U.S. Silver Proof Sets, 2004-2006 U.S. Silver 5-Piece Quarter Set

Would you say that the value of them graded is worth more than the value of them in their original package? >>

No.

leothelyon · August 26, 2011 3:11PM

I think if you're not involved in the hunt of a coin, how can anyone enjoy the hobby?

Tdec1000 · August 26, 2011 4:31PM

I would stay away from proof sets starting out... try and find nice circ coins in XF grade or lower. They tend to be cheaper and you can get a lot of coin in an xf.

mkman123 · August 26, 2011 4:35PM

I buy 1960-1964 proof sets just for the silver and the fact that.proofs are nice

mkman123 · August 26, 2011 4:36PM

And I would not submit them unless there was a cam/dcam coin that made it worth it.

Tdec1000 · August 26, 2011 4:48PM

<< <i>And I would not submit them unless there was a cam/dcam coin that made it worth it. >>

agreed, but as a new collector I would go for some nice type coins that I could afford. The kid is in high school, and I doubt that he has the funds to hoard silver. but then again you never know.

frnklnlvr · August 26, 2011 8:31PM

<< <i>Totally depends on the date and quality.

Realistically, anything newer than 1954 or 1955 you would need to be expecting a grade or designation (CAM/DCAM) of relatively exceptional quality to recover your grading fees, so as a blanket answer I'd say "Maybe."

I've had pretty good luck doing some selective submissions of coins from the 1950-1964 era shooting for either higher grade (ie. 66 or above) or CAM/DCAM designations.

But I'll add that the CAM/DCAM designations are pretty difficult to get at PCGS at the moment, based upon my recent experiences. Coins are required to have nearly fully black fields and heavy even frost to get even a CAM designation.

And

>>

I agree! The only thing I would add is that a rare variety may be worth submitting even in less than gem grades and non-cameo.

jfloomis3 · August 27, 2011 8:13AM

What does CAM/DCAM mean?

magikbilly · August 27, 2011 9:20AM

Hi,

that is Cameo and Deep Cameo - two designations for the amount of frost on the deices of a proof issue.

Best wishes,
Eric

To Grade or Not To Grade: U.S. Proof Sets

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