Found 1983 Roosevelt dime with no S

I was just going through some proof sets that I recently purchased, including a 1983 set I picked up at a local coin shop for $5. While I didn't see it at all when I purchased it, I just noticed that it's one of the rare sets with the S mintmark missing from the dime, to my amazement. Check out the photos below.

I'm not really an error coin collector, and I know this coin is worth some money. The Greysheet has this proof set set at an ask price of $875 and the PCGS prices for the dime alone range from $850 to $1750, depending on grade. I'm very excited about this find, to say the least.

I'd like to sell the set or the coin individually and use the proceeds to buy other coins I really want. So I'm looking for advice on the best way to go about this. Should I keep the proof set whole and try to sell the whole set (still in its original mint packaging)? Should I submit the coin for grading? Any opinions on what the grade might be from the photos below? I've been buying mainly mint and proof sets, and I haven't gotten into grading much yet. This is also the first valuable coin I've had that I'd like to sell, so any advice on this would be greatly appreciated.

Thanks,
Kris

 

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Congratulations Kris! :thumb:

You bring up an interesting point, in that can you submit a Proof set in its entirety for grading? I know they will do each coin individually but what about as a set, since if it would be better to keep it as a set and it would also be better to have it graded and I've never heard of a graded set, is there a TPG that will grade a Proof Set as a whole?

Ribbit

 

Hmm I'm not sure, NGC's probably the best bet.

 

wow, congrats on the find. But the dime is the only one that is rare right, an 83 proof set can be had for $5, then just have the dime slabbed and sell it off.

 

Got to go check mine! Nice find!!!

 

Wow, am I ever jealous. I've looked at hundreds and hundreds of sets and have never found this one.

As a rule of thumb typical and substandard coins should be sold in the set intact. Slabbing probably isn't a good idea. Superior examples should probably be busted out and submitted. It looks like yours is good enough or nearly good enough to submit. It is quite nice.

 

can we see the rest of the set?

Ruben

 

Congrats on the find there my friend! NGC will do a multi-holder if you decide to have the set graded.

 

Congratulations!! Talk about a nice find....and at a great price!

I think I would opt. for selling the set as is. If you sell to another collector, you could have give them the option for you to send it to NGC for an extra $50 or so...that way they also get a grade BEFORE it leaves your hands.

Speedy

 

The coin is sell for more if it is already graded PF69UC. I have been watching these proof sets sell on eBay and they go for about $200 less then the graded dime!!


Congrats on the find!!

 

NGC definitely does full proof sets in a single holder.
My 1952 and 1953 proof set are like that.
But it's expensive.
Just multiply the single coin slabbing price times 5.

I sent two sets in to see how they would turn out, a '52 and a '53.
I wasn't particularly worried about cost.
I lucked out and both Franklin halves graded high enough to make it worth while.
The 1952 half came out PF-66.
The 1953 half came out PF-65 Cameo.

You can also submit a whole bunch of proofs and ask them to make a matched set.
Let's say you want a multi-coin proof set of a specific date to come out MS-67.
NGC will find the 5 (or 6) coins that match and holder them.
But I suspect that would be REAL expensive.

 

WOW!!!!!!!Great find..IMO get in slabbed..

 

Is I was going to sell it I would do it any way that would get me the most return.

Ruben

 

You are lucky for sure. I have two '83 proof sets and niether has that. In fact, tell you what; I'll give you TWO '83 coin sets for that ONE that you have. No really, congrats.

 

Gret find!! Now I'm blinded from going through all me sets.

 

Just don't mention it to the dealer. Some dealers feel insulted when they miss something like that but one would not catch that unless they were looking. I usually just check to see if the penny is bad or one of the other coins are green. So now I'll have to go check. LOL.

 

Yeah, I definitely won't bring it up with the dealer. I will, however, go back and see if they have might have more 1983 sets that could be from the same source.

 

This is what I've been thinking as well. The other coins in the proof set are common and are nothing special, so it seems to me that getting just the dime slabbed would be the most cost-effective thing to do.

I'd considered selling the whole set off, intact, but what if the dime grades high enough to be worth significantly more? I'd rather have it graded and be able to get the appropriate price for it.

And then the question is the best way to sell it. I haven't sold anything on eBay in a quite a while, and I've never sold coins in eBay. I've heard that the fees have gotten ridiculous. But I'd think I wouldn't do nearly as well selling it to a dealer. Any suggestions?

Thanks for all the replies so far!

 

So....having never sent coins in for grading before, what would be the best way to go about it? I looked into PCGS, NGC, and ANACS. It sounds like PCGS and NGC are a bit more respected and consistent than ANACS from what I've read. Cost-wise, it sounds like the best thing to do would be get an ANA membership (which I was considering anyway) and submit it to NGC. I'd rather submit it myself than have to send it in through a dealer. Any thoughts?

Also, to get just the dime graded, I'm guessing I'll need to bust it out of the proof set and send it in alone, right? I'm guessing I can't send in the whole proof set to just have the dime graded, although this might be preferable, since I then wouldn't need to handle the dime at all before grading.

Thanks,
Kris

 

Not trying to dissuade you from the ANA, but all you have to do to submit to NGC is belong to eBay. Even with that, depending on how many you plan to submit, you may well b better off just going through a dealer.