1970's PROOF SETS

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As I've stated in other threads, I've charted historical coins values over time and find that at approximately the seventy (70) year mark, most coins see a noticeable bump in price. That's about the same time the nicest examples make an even greater jump in price. If you can cherry-pick the finest examples of 1965-1970 coins now and hold them until 2035-2040, I believe you will be handsomely rewarded. :thumb: I like to cherry-pick the early clads now...while prices are low. Hopefully someone in the family will take over where I leave off and appreciate the effort.

EDIT: ...and what Doug just said! :thumb:

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I agree.

Ben
Tampa FL

 

70's proof sets are inexpensive and likely to stay that way in the foreseeable future.
Your best bet is to cherry-pick the deep cameo sets, which can be somewhat of a challenge for the 1970-1972 sets.

 

These have come down in value in the last year and half compared to what they were selling for two years ago.

FYI, if you have them and want to sell them, do it in a private sale, most dealers I know are not buying them at all. They're too common, and dealers don't want to tie up their funds in them as they know they will have them for some time before someone is interested in purchasing them.

 

I was trying not to discourage the man.
My local B&M guy has 71 and 72 and some 80s proof sets in his junk box.
I checked every one of the 71/72 sets and nary a cameo to be found.

 

My 2cents

:thumb:I agree with Doug/GDJMSP!
there not any point he has not cover all questions on this thread.
but do hope to find a PR-69Deep Cameo that graded 100% right.
Pr-70 Cameo or Deep Cameo in most likely over graded!

 

When you start a thread you don't have to say that you "would like to start a discussion"

 

Thank you, Ethan.
It is reassuring to know that you are ever vigilant and eager to serve as the posting police.
I can sleep easier now knowing you are ready to pounce on the slightest infraction (imagined or otherwise).

 

Sorry no credit, PayPal only bub

 

Oh really? And how else could it be taken? Seemed downright unfriendly and condescending to me.
In my day those young whippersnappers had respect for their elders.
But what do I know?

 

Sooo...anyway...deep cameo? In which years? And why in some years but not others?

 

Time passing between events has a way of distorting reality. In the past it wasn't kids showing respect so much as protecting their delicate behinds and simply biding there time until they were adults. Then, lo and behold, came the interwebs and everybody could say things.

 

Hmmm...so that explains everything. Thanks for the proof history lesson. Have cherrypickers always picked up the pre-73 cameo coins when they were first minted, or is this a recent trend (within the last 10 or so years)?

 

Great post.

I suspect that some dies missed the sandblasting back in the old days of proof set making and "know" that not all SMS dies recieved sandblasting. There are examples of SMS coins struck off brand new dies that have no cameo effect at all. This is the main reason SMS cameo cents are so rare.

There was quite a bit of experimenting going on with SMS dies, planchets, and striking so there are a lot of oddballs in these years. This is probably the cause of the existence of the '64 SMS's since these were still being struck into '65. (I'm not sure this applies to the half dollar though)

It's true that proof sets and SMS's are heavily cherrypicked now days for cameos but this is just part of the reason they are rare. Remember that only the cameos actually removed from sets affect the incidence of cameos in sets. Sellers simply know to submit cameos or sell them for higher pices. In the old days there were dozens of collecors who knew about cameos each able to look at thousands of sets but now it's thousands of collectors chasing dozens of sets because choice sets aren't usually available. Sometimes heirs will sell valuable cameos as typical sets though so they are still out there.

'73 is the year that cameos become common but it's '83 before they become almost universal.

There will be hoards of cameos hitting the market in the future but collectors should remember that these are all quite scarce and generally people simply didn't have access to the numbers of sets required to find significant numbers. There was deep interest in cameos but it wasn't widespread so not even all accumulations were getting searched. Even as late as 1980 there was almost no searching of SMS's going on anywhere. I could find large accumulations that hadn't been searched. Now days you almost have to find original sets to have even the slightest chance or to be very lucky and find a collector's hoard that got to market. Of course it's far easier to buy them as cameos but no one sells them cheap.

 

That is really interesting! Thanks!

I'm going to have to go back through my proofs. My mother bought proof sets from '57 to '83 when I was born and then kept buying them after that. It'll be something interesting to look for! (Who am I kidding, they are pretty and I just like looking through them!)