U.S. Proof sets from 1940-1941-1942

Discussion in 'Coin Chat' started by rjbeck, Oct 31, 2011.

  1. rjbeck

    rjbeck COLLECTOR

    Should proof sets from the early 40's 1940,41,42 be kept in the original mint box and plastic? I thought that I read somewhere that the plastic would damage the coins and should be put in plastic holders..Thanks RB
     
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  3. Mark Feld

    Mark Feld Rare coin dealer

    The short answer is, it depends.

    Many buyers are enamored with the idea of buying such sets in their original packaging and will pay strong money for them. On the other hand, the coins are not as well protected in the cellophane and are more subject to toning, which can be a good or bad thing.

    Additionally, if there are some especially high grade examples, it might be better to have some of the coins graded.

    Can you post images?
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    I would agree, it does depend. But there is this to consider when making such a decision. In 30 years of searching I managed to see 1, let me repeat - 1, '36-'42 Proof set in original packaging. It was a '41. That's it, never even got a whisper of another in all that time.

    So anybody who has one of those Proof sets from those years, in original packaging, has got quite a rarity on their hands. So great care and a lot of thought would need to be taken before making such a decision.

    Now bear in mind, the packaging needs to be original. With many of the boxed Proof sets, those from the '50s, the packaging is not original. There are many made up sets, or sets where the original packaging has been altered or changed.
     
  5. Mark Feld

    Mark Feld Rare coin dealer

    I've probably seen a couple of dozen such sets over a 30 year period, but, as Doug said, they are quite scarce. The cellophane and old style staples should make them fairly easy to identify.

    Sometimes the cellophane is torn and the staples have potential to cause problems/damage, as well.
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    I sure wish I had known you during all those years I was searching for them Mark. You're probably only the 3rd or 4th person I've ever talked to who claimed to have ever even seen one of those sets.
     
  7. Conder101

    Conder101 Numismatist

    I purchased a 1938 set from the original owner who ordered it from the mint. It was still in the original packaging. But I think that is the only original set from that era I have ever seen.

    You have to remember that a lot of the proofs from that era were probably not sold as sets. Up through 1942 collectors could order the individual coins and that is probably how most of them were sold. The "sets" mintage you see in the reference books is the lowest mintage of the individual coins. It is a theoretical maximum number of sets that could be assembled.
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Lovin' the education.......:)
     
  9. AdamL

    AdamL Well-Known Member

    Me too Green.
     
  10. ldhair

    ldhair Clean Supporter

    I'm not sure I have ever even seen a good set of images of one of these sets.
     
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