REMOVING COINS FROM SETS

I've been collecting for a bit over a year, and I see that individual proof and unc. coins have higher value than those in sets. Seems it would be better to remove coins from sets and place them in 2x2s where they would have more "value". What do you think?

 

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If you mean they are in albums, they are probably safe as long as they (especially silver) are not toning profusely. I would not use 2X2's for better coins but use "Airtite" capsules if you are going to do this. Much safer IMHO.

 

I'm feeling de ja vu.

 

He's asking about breaking up proof and mint sets to increase the coins value.

 

Yes, breaking them up. As far as preserving, are you recommending coin capsules,or are the 2x2s adequate? Thanks!

 

Where are you getting the values from? Many sources of 'values' are inaccurate and don't actually represent a coins true market value. It would also depend not only on the individual coins condition/rarity but on the year/set whether I personally would consider cutting them up.

 

Thanks for that advice, Blissskr. I'm using the 2017 US Coin Digest and am dealing mostly with sets from 1960 upward. I'm trying to get all of the sets from '60 to today, but I have many duplicates.

 

If the set has PR69 or PR70 quality coins, it can be more beneficial to split the set on modern sets. On older sets it might be better to keep it intact.

 

Roger that, thanks!

 

I wouldn't break them up unless filling albums or they have a potential high grade conditional rarity, or if proof sets a cameo coin, etc. Unless space/storage is easier for you in 2x2's and that's the reason for wanting to do so. When selling imo it's generally easier to move them as sealed sets versus all the coins separated in 2x2's. Although if the coins are getting tarnished because the mint packaging is bad I'd probably remove those ones.

 

I am facing the same dilemma. I have about 50 proof, mint, and $1//50c commemorative sets that don't interest me in the least.

If I thought I could break them up and get even 20% more by doing so, I would. I don't list them here (for sale) because postage and insurance eats up all the profit, for common sets, plus it would take forever to clear them out. I'm much more inclined to list all 50 in one giant CraigsList ad and be done with it, dealing face-to-face. Rising PM prices would probably require updating the total lot price every month or so.

To answer an inevitable question, I'd take the proceeds and buy recent $5 gold commemoratives, the cheapest ones.

My buddy, who sets up at the local monthly coin show, says that by 3pm, when the show's rapidly closing up, the wastebaskets are full of Mint packaging...

 

That sounds like good advice; thank you, Sir. I orginally entered this as investment and an attempt to protect my savings, but now I'm enjoying the collecting part FAR MORE than worrying about investing. Now I have to manage my time so as not to spend too much time having fun; know what I mean, Vern?

 

God love ya Chief.......you've crossed over.

 

Aye, S i i i r! Crossed the date line, the equator, fleet reserve, and now here!

 

I think I've passed that point a little while ago as well.

Have about the same, 1960 to present sets and lots of duplicates.
Would it be a better investment / preservation method to put them all into Dansco type Albums (P,D,S's) or leave in packaging?

Does anyone recommend breaking up sets into type albums? From what I've seen from Dansco, the coins are just put in a cardboard holder, doesn't seem optimal as opposed to the proof sets themselves, but maybe I am wrong....

I've seen older quarter type and half dollar type collections selling for a good amount, but I don't have the patience to go through and calculate what I spent on the set, nightmare...curious if that might be a solution to storage / preserving.

My goal is to try to unload my duplicates, try to upgrade but condense my collection somehow, either via better coins or changing the storage method...?

Any advice is greatly appreciated.

 

Fact is one can make more money splitting up sets and that's why they do it. It's ALWAYS about the money and wanting more. Think it's a corporate thing.

 

I would leave them in the original packaging.
The individual coin may be worth more, if graded. And that's a huge expense.

 

thanks for the reply prez and Michael

 

I've noticed that, as well. My advice would be only break up a mint or proof set if you're going to sell a coin or if you need one for some other set you're working on.

 

I don't like proof sets and mint sets and NCLT coins and never have. THAT SAID if I were faced with the task of moving multiple proof or mint sets which are almost always valued at less than issue cost then I would pull all of my duplicates and hie my butt to the nearest LCS or pawn shop and get store credit that I would use to purchase junk silver or cheaper gold coins. They can easily sell common proof sets to non collectors who want them as presents. By the time that you invest money and time in marketing your sets to get "top dollar" you will have lost money. If any of your older sets feature FBL Franklins they may be worth breaking and sending in for grading. Don't send any that are just wishful thinking and you won't be burned that badly. Also check sets for double dies before you get rid of them.