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<p>[QUOTE=&quot;rhendricks2020, post: 25500401, member: 118392&quot;]I am looking for help in understanding this, so please be patient with a new(ish) collector in his search for knowledge.&nbsp; I have been collecting coins for 30+ years since I was a kid.&nbsp; It started with finding coins older than the current decade we were in, to looking back at a collection my parents had (early 1900s).&nbsp; It sparked an interest that has lasted throughout my life.&nbsp; As I am older now, I have begun really looking at my collection, and started to put an amateur value to what I have collected over the years.</p><p><br /></p><p>More recently in my newest acquisitions I have begun collecting proof coin sets.&nbsp; As I have been doing my research on proof sets from different years, and learning about the collections, and their histories, I have had this question come to mind:</p><p><br /></p><p>What is the difference between a proof set, and a proof coin?&nbsp; Why do proof sets have a lower coin value, together than the coin as an individual coin, even though the coins in the set are typically the same proof coins you see graded individually?</p><p><br /></p><p>This came to mind when I was putting a value on a 1980 proof set.&nbsp; From PCGS the proof set has a $8.00 value.&nbsp; When I was looking at the coins individually, the same coins from from the set have a vastly different individual value.</p><p><br /></p><p>For this example I used the PCGS proof value PR 63 on the 1980 coins:</p><p><br /></p><ul> <li>Penny - $3.00</li> <li>Nickel - $4.00</li> <li>Dime - $5.00</li> <li>Quarter - $5.00</li> <li>Half Dollar - $4.00</li> <li>SBA Dollar - $16.00</li> <li>Individual Coin Totals - $37.00</li> </ul><p><br /></p><p>What is the difference between the proofs in the set and the proofs individually?&nbsp; Do collectors separate the sets (break the sets open) to grade them individually, or is that the grading company (like PCGS)?&nbsp; What is the thinking on this (breaking open sets)?&nbsp; Is it considered taboo in the coin collecting world?</p><p><br /></p><p>Please help a new(ish) collector understand.&nbsp; I have attached a copy of my 1980 proof set that prompted these questions.</p><p>&nbsp;[ATTACH=full]1632505[/ATTACH] [ATTACH=full]1632506[/ATTACH][/QUOTE]</p><p><br /></p>

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