So what do you think about breaking up Proof Sets? I've done it to try and recoup SOME of my money on the 2003-S Silver set. Not a great deal of luck - that set just dogged out. Now I'm considering some 2004-S Silver sets. Actually forgot that I had them and see that individual retail is much higher than the set itself. More than double actually but of course that's strictly retail. So do you break them or leave them intact. We all know that A LOT of people break them for slabbing. "Fly by night" companies sell PR70 all of the time. Has it come to the point where holding onto original sets will pay off MUCH bigger in the long run? Thoughts, opinions and jambalaya recipes are welcome!
Let's see here: 1 lb. boneless chicken, cubed; AND/OR 1 lb. shrimp, boiled in Zatarain's and peeled; OR 1 lb. leftover holiday turkey, cubed; OR 1 lb. of any kind of poultry or fish, cubed; OR Any combination of the above lol, now back to coins I personally don't break open preoof sets, but I don't have anything against it. I like to have proof singles and the proof sets if I can. Either way I like them, doesn't matter to me. My thought is they probably will go up in the future, just because all these people are breaking em out, but we'll just have to wait and see. Phoenix
Jambalaya and coins Thanks for the recipe Phoenix. I do like the Zatarains stuff but also have a pound of Andouille sausage from a friend in the bayou. Figured I would incorporate chicken and shrimp as well. I love a good, intact set as well. Will keep the best for me of course. Like you can really tell anymore. I'm really a type coin person though. I buy the silver proofs as "investment". Breaking up the 2004 would probably give me more to pursue my types. I can use the money but should keep at least a few intact. Just bought an ANACS AU50 1883 3 Cent Nickel, ANACS F15 14-D Lincoln and a raw AU58 1876 20 cent piece. A lot of money out of pocket in my world but got the ANACS coins under bid and just plain wanted the 20 cent piece. Ain't coin collecting grand? clembo
Many more of these sets are destroyed to get the higher value for rolls and singles than to pull out gems for slabbing. There is a steady demand for singles and rolls so many sets are worth more dead than alive. Much of the demand for the high grade examples is met through the mass destruction of the sets but there are individual sets being destroyed for high grades as well.
I see your point cladking but haven't the means or desire to do any of those things. Large dealers can break up hundreds of sets to achieve a "roll". As for high grade I would be disappointed if ANY modern proof came back as less than PR67DCAM from PCGS. Not worth my money to slab them. I AM seeing "sets" of quarters, for example, all graded as PR70. SGS (Morons that they are) does it all of the time. I sell mine raw when I break them up. Not looking for big bucks just the buyer that wants that particular coin in a nice proof and a buck or two in my pocket. The big question still remains. Is it worth keeping sets intact for the future? clembo
Just My Humble Opinion, but over time as more and more of these sets are broken up for singles there are going to be fewer of them available. It is a finite number of sets. However, as collector tastes change, you really never know in what form the coins themselves will be desired. For my money, I like the original packaging as it generally (not always) means that you'll get genuine original coins that have not been disturbed in any way.
Speaking of Original Mint packaging... I have a set from each mint from both 1982 and 1983 (years in which no mint sets were sold). Any idea what they're worth? Anyone???
Proof sets Supply, demand and popularity will always be the three factors that control the price in the coin market. Proofs are always limited in supply, demand is always there with few exceptions, ( 2000 and 2003 ) and popularity remains to be seen. BWJR
Hope they are broken up by the hundreds of thousands. will make my sets more collectible. lol In my opinion the 2007 proof sets with the addition of the presidential coins, in particular Washington and Jefferson , will be a super hot set. would think this would increase interested in the back dated proof sets, but what do i know. Some of the more common proof sets can be obtained for what they were selling for years ago. I have read that HBO has begun filming a mini series on John Adams to be aired in 2008. Pretty neat hu.
