Question on Buying Proof Sets without C.O.A.?

I have a friend of a friend who has lost interest her Coin collection and is giving me 1st crack at it, before she takes it to a coin shop to see what they'll give her...

From looking at what she has, most of it looks like she bought a lot of items from one or more of the many shopping channels, anything that said Limited Edition, Collectors Item on it or Gold (read plated clad) on it....

The only thing that I'm really interested in are some of her Proof Sets as I would like to fill in some of the missing years my Proof Sets Collection...

My concern is, most if not all of them are missing the C.O.A... Not sure how or why, but they are gone...

If you were looking to buy some Proof Sets, would the missing C.O.A kill the deal or would you still buy them???

I ask because I have a habit of Impulse buying at what may look like a good deal at 1st, might not be later... Way down the road, if I ever decide to part ways with my collection (not sure if I will) I don't expect to ever make a killing on it, but there is some glimmer of hope that I'll make some profit or atleast break even... I'm collecting 1st for the enjoyment of the hobby and any profit would be a Bonus...

Thoughts on the Missing C.O.A.s???

 

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why so many dealers are selling modern coins without c.o.a. and boxes?. because most of the collectors don't really care about those stuffs. so they throw it away. or simply because of the shipping cost involved. add more weight on it. and take out spaces too.

 

I think it depends if the COA really matters to you. At worst if you can't find buyers for Proof sets [when you decide to sell] without them, break up the sets and sell them individually. You'll probably make a better profit anyway. I really think COAs are overrated anyway. Just look at the junk sold on TV with certificates.

 

Simmilar to what your refering too, I was reading a few coin mags last night and I saw a few adds where it states **no Boxs or COAs**...

I guess I just do not see the box and the COA taking up that much space or adding much weight as compared to the value it could loose...

Seems to me it'd help protect them from rubbing against each other...
I mean I ordered 10 of the 1st year Presidential Dollar Sets from the mint and had they ditched the boxes and just put in the 10 holders, I don't see it saving that much spare or weight...

But you could be right... There has to be a reason...

 

if it doesn't matter. why the price gap is huge?. almost half at one point. and sometime it was so close.

 

As stated, there are alot of people that won't buy the proof sets without boxes and COA's. I collect proof sets and I won't own one without the OGP contents. I have been known to buy some without but only for purposes of Danscos.

 

but it seem most of the modern u.s. mint items selling at the dealers or websites were no boxes and c.o.a.?. where can we buy modern coins with c.o.a. and boxes?.

 

If it bugs you scan one into your computer change the date to what ever you want a print yourself one. Most people would never be able to tell because they have no idea what the COA for a given set looks like anyway.

 

sometimes you can find coa's and boxes on ebay

 

That's probably true, and funny in a way.

I was going to say that someone looking for the coins won't care, but someone interested in collecting the sets exactly as they come from the Mint will care. So it depends on who is buying.

 

but then the people care to collect the complete set as if it is just coming from the mint. and then the price can not be good enough. the dealers always treat your set as much as a bullion only. this is true to modern commemoratives.

 

I buy the coins not the COA. What does it really certify anyway? You can take a proof set, crack it open carefully and cherry pick the coins and reseal it without anyone knowing....at least you still have that paper COA to verify it.

I buy lots of proof sets. Sometimes, I sell the state quarter lens buy itself. Since it came from a full proof set and not the single lens packaging that the mint sells, I obviously have no box or COA to include. They still sell regardless.

 

They will always sell like this for sure also, but those collecting proof sets as proof Sets, usually won't buy without the coa and box/envelope.

 

That is right, you can pick up just about any COA's or boxes on ebay or go down to any dealer and they may have what you need. I have a few from when I broke up sets that was not up to standard, let me know what you need and I might have them. Or you can try the next coin show you go to and I sure you can pick them up there for next to nothing.

If the price is right and I like the set(s) I would go ahead and get them and find the COA's and boxes later.

 

Very true, it depends on what the buyer is collecting but as far as prices suffering due to the lack of a box and cert, I don't find that to be the case at all. My final prices are dollar for dollar with the ones that have certs/boxes.

 

Well, I've collected all but the '99 silver state quarters proof sets. I have the original box and COA for all of them (although I don't store them with the boxes or paperwork). Except for the '01 set. The '01 silver proof set typically goes for 90 to 100+ on ebay. I bought mine last weekend at a show for 50 bucks, but without the box or COA unfortunately. It's not a big deal to me. I haven't seen proof sets being faked. Yet. If I found the 99 set without the paperwork for 50% of the typical cost, I'd go for that one as well. The paperwork isn't worth that much to me. Although it is pretty informational for these particular sets.

 

I have a 2009 proof set that is missing the half dollar, can anyone tell m more about it?

 

Welcome to CT! Somebody probably broke out the half to put in an album or send it in to a grading service. A 2009 proof set sells for $25-30; the proof half sells for $5 or $6 by itself.

That's assuming it's the "normal" clad proof set (in a blue box) - the pure silver set (in a red box) sells for a bit more.

In the future, you'll have better luck creating a new thread to post new questions like this one. Welcome aboard!

 

I learned when I was a dealer, if the COA is missing from a Proof set or modern commemorative coin set, you get less money. You can poo-poo that all you want, but those are the facts.

If you are dealing at single pieces, it does not matter.