Chances of proof set containing PR70 coin

Lately I have been wondering how many of the coins in your average proof set would grade PR70. For example, if I had ten identical 2009 territory quarters proof sets, how many of the quarters would you expect to grade PR70? Are we talking maybe one or two? Or would we expect more than that to grade PR70? Does any one have any idea what the chances are of getting any PR70 coin in a new proof set bought from the mint?

(Lets assume we are talking about conservative graders like NGC, PCGS, etc)

 

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(I really have no idea)

 

Can you explain what you are saying? I'm kind of new to terms

 

haha oh ok

 

It was a weak attempt at humor. Sorry.

 

Roll the dice.....

 

Good question...you need someone smarter than me for an answer (sorry).

 

lol

 

Put it this way, most of them are not in slabs. They are probably pretty common.

 

I too would think that they are common considering how protected they are in a proof container. But when I see auctions like this http://tiny.cc/QXOTE it makes me wonder. I would certainly grade a couple proof coins if I thought one or two had a chance of getting a PR70, but I have never had a coin graded by a third party before so I'm not sure.

 

Save your money...'t aint worth it.

 

Look at the pop reports to get an idea. If the numbers are small because not many 2009s have been sent in, last year's pops will give you an approximation. For the later date ultramoderns the percentage of 70s tends to be higher than the earlier coins. Some later issues have PCGS PF70 percentages over 30%.

 

Thanks Redtiger! I have tried to look at those population reports but it looks like you have to be a paying member for the grading services to see them. Thanks for quoting those statistics

 

If you did have one in a mint set would you really break it out to have it graded? I don't think I would.
Bob

 

I would only consider it if I had bought the proof set for pretty cheap and I already had another of it. I have a few 2009 duplicates because I got lucky and won a few auctions on Ebay for really good deals. I didn't expect to win them but people must not have been active on Ebay that night

 

Well I can give an opinion on this one, I thought the proof silver sets would be PF69 & PF70's , they look so shinny and nice in those plastic holders, so I ordered a PF70 2008 bald eagle to compare to my collection of silver proof coins, a lot of difference on most coins in proof sets compared to a NGC PF70 slabed coin, especially using a 10x or 15x loop. I would defintely save my money & not send out to be slabed.:hammer:

 

Pappy, thanks for the advice! That is interesting that there is such a difference under magnification. I've never really wanted to spend money on a plastic case instead of just getting more coins anyway.

 

Heritage will show the PCGS pops on their auction archives (the NGC pops are hidden). I did a spot check and for one of the 2006 quarters the percentage of PF70s was about 5%, and one of the 2008s was around 6%. So that will give a ballpark number for PCGS.

In general, NGC slabbed ultramoderns usually tend to have a higher percentage of 70s as compared to PCGS and lower value at auction. ICG 70s tend to be even more common and they don't have a pop report, so they tend to sell at auction much, much cheaper.

Some other issues such as the Ultra High Relief Saint have a much higher percentage of 70s, so the long term price potential for them would appear to be small.