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Good Deal On These PR CAM69 '61,'62,63,64 NGC Cents?
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<p>[QUOTE="Leadfoot, post: 745808, member: 2972"]I can't really answer the OP's question directly, but I'm happy to share my experience....</p><p><br /></p><p>NGC-graded proofs from the 60's tend to sell for a significant discount to their PCGS counterparts. The perception, rightly or wrongly, is these coins are overgraded.</p><p><br /></p><p>I would be extremely wary of these coins resale value. I would look to eBay and TT for pricing, but don't forget to figure the transaction costs (from 20 to 30% of hammer).</p><p><br /></p><p>I would discourage you from purchasing proof coins from this time period slabbed, or if you do, do it sight-seen. Remember, these proof sets are available by the thousands, and these years (1961-64) are very cheap (for instance I purchased them a few years ago for $10-15). If you really want to collect these coins and get good coins for a "good deal", cherrypick proof sets you can examine in-hand. Obviously, this presumes you can grade well enough to accurately assess the quality of the coin, but that's part of the fun in coin collecting, if you ask me. </p><p><br /></p><p>These coins are CAM when the coin most proof collectors covet in these years are DCAM (or UCAM as NCG calls it).</p><p><br /></p><p>On the bright side, the NGC slab is one of the older ones (and presumably more conservatively graded), but to be honest I haven't focused enough on the grading standards of NGC for moderns over time, so I would look to others to comment further. [Edited to add: To temper the preceding sentence, it is also very dangerous to presume slab age means a coin is conservatively graded -- be wary of that trap.]</p><p><br /></p><p>It would have cost you about $150 to have them graded to begin with -- there's just more value in my eyes in collecting these coins raw (i.e. the "slab" to "coin" value ratio is out of whack, IMO.)</p><p><br /></p><p>All of the above said, if you like the coins and think you paid a fair price, then I'd say you did fine. </p><p><br /></p><p>Honestly and respectfully submitted, hoping to help...Mike[/QUOTE]</p><p><br /></p>
[QUOTE="Leadfoot, post: 745808, member: 2972"]I can't really answer the OP's question directly, but I'm happy to share my experience.... NGC-graded proofs from the 60's tend to sell for a significant discount to their PCGS counterparts. The perception, rightly or wrongly, is these coins are overgraded. I would be extremely wary of these coins resale value. I would look to eBay and TT for pricing, but don't forget to figure the transaction costs (from 20 to 30% of hammer). I would discourage you from purchasing proof coins from this time period slabbed, or if you do, do it sight-seen. Remember, these proof sets are available by the thousands, and these years (1961-64) are very cheap (for instance I purchased them a few years ago for $10-15). If you really want to collect these coins and get good coins for a "good deal", cherrypick proof sets you can examine in-hand. Obviously, this presumes you can grade well enough to accurately assess the quality of the coin, but that's part of the fun in coin collecting, if you ask me. These coins are CAM when the coin most proof collectors covet in these years are DCAM (or UCAM as NCG calls it). On the bright side, the NGC slab is one of the older ones (and presumably more conservatively graded), but to be honest I haven't focused enough on the grading standards of NGC for moderns over time, so I would look to others to comment further. [Edited to add: To temper the preceding sentence, it is also very dangerous to presume slab age means a coin is conservatively graded -- be wary of that trap.] It would have cost you about $150 to have them graded to begin with -- there's just more value in my eyes in collecting these coins raw (i.e. the "slab" to "coin" value ratio is out of whack, IMO.) All of the above said, if you like the coins and think you paid a fair price, then I'd say you did fine. Honestly and respectfully submitted, hoping to help...Mike[/QUOTE]
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Good Deal On These PR CAM69 '61,'62,63,64 NGC Cents?
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