Reply to Thread

Message:: [QUOTE="19Lyds, post: 2130000, member: 15929"]Since EVERY COIN within these "Limited Edition Sets" was available prior to the issuance of the set AND since the sets themselves are easily opened without showing evidence of tampering, the TPG's require that the sets be submitted in original, untampered US Mint Shipping Boxes. In short, folks DO NOT have the opportunity to inspect the coins prior to submission. In the case of these "Limited Edition Silver Proof Sets", their ONLY numismatic value is "in the plastic". Whether it's the "Limited Edition" label attached to the US Mint packaging and promotions or the attribution on the TPG Label, it's about the plastic. Now, since NOBODY, including Authorized Dealers, can inspect these before submission, the money makers are those that get the high grades.It's more a less a blind submission and evidently, submitting a single set has certain drawbacks. If folks really want high grade coins with a slab label that states "Limited Edition Set", then they either need to accept the gamble or just buy from those that took the gamble and won. Is the quality "worse" on the coins than any other proof coins? Probably not since with other Silver Proof coins, the submitters have the OPTION of prescreening them prior to submission. As such, those with obvious flaws never make it to the graders tables which, more or less, really skew the population reports. Junky Proofs is nothing new. Here's a Silver Proof I received in 2006. [ATTACH=full]405457[/ATTACH] They produce these coins "by the millions" and no where are any "individually" inspected. Even if they were, the US Mint knows full well that "what one man rejects another man will accept". It's up to the Coin Dealers in the country to select the best quality coins for submission. With these Limited Edition Silver Proof Sets, that prescreening process just cannot happen.[/QUOTE]

Log in or Sign up

Reply to Thread

Useful Searches