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newbie question: where do rolls of proofs come from?
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<p>[QUOTE="cladking, post: 619785, member: 68"]There are a lot of sets that get busted up this way. It's not just the shops but collectors experience the same thing when a coin tarnishes in the set or the plastic is broken. Sometimes they'll just need one coin. No doubt millions of sets have been destroyed this way; one or two or twenty at a time. </p><p><br /></p><p>But when you see a bid for proof rolls in the Greysheet this is for nice clean rolls and most of these rolls are made up with many hundreds (or thousands) of sets at a time. There isn't anything especially unusual about the sets but they will have fewer of the really rare coins than average because the sets they recieve are often picked over for these. Where a variety might normally show up in every thousand sets these might need two thousand to see this variety. They usually won't be heavily picked over for gems though since many dealers still don't look for these. </p><p><br /></p><p>There's a perception that the mint and proof sets on the market are heavily picked over and this generally isn't true. The reason it isn't true is largely simply that these sets are getting busted up on a regular basis. Bad sets don't have a chance to accumulate on the market before they end up being destroyed. Obviously this doesn't apply equally to everything and all dates. For instance unattributed '70-S sm dt cents are getting very few and far between whether unc or proof in sets. These are still being found but the first dealer who gets them will probably spot it so they don't end up on "the cutting room".[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 619785, member: 68"]There are a lot of sets that get busted up this way. It's not just the shops but collectors experience the same thing when a coin tarnishes in the set or the plastic is broken. Sometimes they'll just need one coin. No doubt millions of sets have been destroyed this way; one or two or twenty at a time. But when you see a bid for proof rolls in the Greysheet this is for nice clean rolls and most of these rolls are made up with many hundreds (or thousands) of sets at a time. There isn't anything especially unusual about the sets but they will have fewer of the really rare coins than average because the sets they recieve are often picked over for these. Where a variety might normally show up in every thousand sets these might need two thousand to see this variety. They usually won't be heavily picked over for gems though since many dealers still don't look for these. There's a perception that the mint and proof sets on the market are heavily picked over and this generally isn't true. The reason it isn't true is largely simply that these sets are getting busted up on a regular basis. Bad sets don't have a chance to accumulate on the market before they end up being destroyed. Obviously this doesn't apply equally to everything and all dates. For instance unattributed '70-S sm dt cents are getting very few and far between whether unc or proof in sets. These are still being found but the first dealer who gets them will probably spot it so they don't end up on "the cutting room".[/QUOTE]
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newbie question: where do rolls of proofs come from?
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