I just picked up another one (it's cherry) but was wondering why it is so cheap? If you look at the price guides, you'll see that if you want the Kennedy by itself it is more then the whole set...why would you ever buy just the kennedy then unless it's a TPG graded coin I guess.
The sum of the parts is always greater than the individual item. By that I mean if you take a car to a junk yard and they give you $100 for it, then resell all the parts for virtually thousands, that's what is called BUISNESS. Many dealers purchase large amounts of proof or uncirculated sets from the Mint, break them all out, place in 2x2's or the 1-1/2x 1-1/2" size flips. Then at coin shows or coin stores, sell each individual coin for basically what they are listed at in the many price guides available. If you used the Red Book as a price guide, and you really shouldn't, you could add up each coin in a proof set and come up with a value many times greater than the original entire set. Dealers make a lot of money doing this. They know that people save coins in Albums and most have a slot for proofs. Rather than purchasing an entire set, they would rather just buy what is needed for an album. And so dealers make out doing this. At one coin show I go to a dealer sells basically all Uncirculated and Proof coins loose in flips. He does have some miscellaneous other coins but primarily it's those loose Unc and Proofs that is his buisness and has one of the most crowded tables at the show.
Thanks for the reply Carl. I agree and know about the sum of the parts idea it's just that this seems much more that that. I'll use Coin Values for an example: Proof Set 70S 8.5 to 11 By themselves in PF-64 Half 70S 20 Quarter 70S 5 Dime 70S 3 Nickel 70S 2 Cent 70S 1 Total $31 bucks That seems to be ALOT more then it should be but I guess I'm saying that if your looking for a 70S half, why would you get a single and not a set. You'd save 50%, get 4 other proof coins and have it in a holder if you like that protects it and assures it's not messed with.
