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Proof/Mint Sets
laderaone
Posts: 1
I recently received some old proof and mint sets and in trying to determine their value PCGS lists prices for them. However, the value is much higher when I look up individual coin prices in the sets. While I'm not planning on selling them I assume if I did so I would just sell the coins individually but was just wondering if I'm missing something.
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Proof sets of the 50-60's are an area of focus for me in collecting. What you need to recognize is that that although the sum of individual coin values in the PCGS guide may be higher than the price of the sets combined. Those prices are for PCGS graded coins and those values would be after a fee of $20-25 per coin to have them graded. That being said, even for PCGS graded coins the PCGS guide prices are frequently 25-50% higher than actual prices realized for sales of the same items. Your best reference point may be completed Ebay sales, to determine what a reasonable price is.
Some coins could be higher, some could be lower than you've estimated from the guide.
If you have any specific questions about sets in this range, feel free to ask them here, or to send me a private message...we're usually more than happy to help.
You can make money doing this, but it typically takes more work to sell x individual coins than one set of coins. Even if you do get more money for it.
<< <i>I recently received some old proof and mint sets and in trying to determine their value PCGS lists prices for them. However, the value is much higher when I look up individual coin prices in the sets. While I'm not planning on selling them I assume if I did so I would just sell the coins individually but was just wondering if I'm missing something. >>
As mentioned previously, the PCGS price line is for PCGS graded coins only and not raw or NGC graded coins. Not much value in most proof or mint sets issued by the Mint since 1960.
Most of the time, it's not worth the trouble to break them up. Some of the years you are lucky to get face for them.
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eBay it where you can see what they are selling for. Check current auctions and auctions that have ended.
<< <i>I recently received some old proof and mint sets and in trying to determine their value PCGS lists prices for them. However, the value is much higher when I look up individual coin prices in the sets. While I'm not planning on selling them I assume if I did so I would just sell the coins individually but was just wondering if I'm missing something. >>
It all depends upon what you call "old." If the sets are from the 1960s and later, the Gray Sheet (Coin Dealer Newsletter) values are a place to begin and then look at 10 to 20 percent below those prices (bearing in made that the 1960 to '64 sets have a silver melt value). If you are looking at sets from the early to mid 1950s, you could do better. It all depends upon the state of preservation.
The troubles with such sets from the 1970s and later is that the collector interest is low. Very high grade pieces in certification holders bring more money, but "very high grade" varies with the era. I'll confess that as a mostly late 18th, 19th and early 20th century collector and retired dealer that I'm not the greatest expert in this area, but I've tried to give you some guidelines. These sets have a collector following, but as the years go on, that following tends to fall away to the hard core collectors who, like I am, who already have a "one a year" collection, and are not looking for duplicate sets. That puts limits on the market.
Actually coins listed for under $10.00 are raw prices.
Selling the coins for these amounts is another matter.
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