original proof packaging vs Capital holders...What amount of discount?

Guys, I need some opinions on this......
Let's say you are offered with 2 proof sets. Both are 1952 proof sets. All coins in these two sets are identical in grade and appearence, EXCEPT that one proof set is in its original mint packaging, cellophane, and the other set is in a "non-mint" package , such as a Capital holder. Let's also imagine that the grey sheet lists a 1952 proof set at $250, bid. Do you think that the proof set in the non-mint holder should be discounted? What percentage of the "original mint packaged" price is this "non mint" packaged proof set worth? Remember, all the coins are identical in grade and appearence. All thoughts welcome. Thank you.

 

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I think it should be....but it probably wont. I bought a '57 set in a capitol because the dealer had assembled some very high quality coins in there. hehe

 

Buy the coin, not the holder.

 

id go wit with the proof set

 

with COA right???????

 

I would agree with "buy the coin, not the holder" FOR THE MOST PART...

However, there are collectors who specialize in original packaged Proof Sets and would never consider a Capitol Holder, regardless of the condition of the coins therein.

There are even collectors who specialize in UNOPENED original Proof Sets. And, in a very real sense, these collectors are buying the HOLDER and not necessarily the COINS inside!

In every hobby whether it be coins, comic books, action figures, dolls, etc. there are going to be collectors who strive for the absolute in originality. In the field of coins, this includes the Mint packaging. Count me among this breed of collectors.

So, all other factors being equal, I would rather own the coins in the Mint packaging as opposed to the Capitol Holder.

 

I agree with Scotty. There always seems to be more interest in a collectible that is in the original packaging. Just watch the Antique Roadshow and see what the appraisers say when something shows up with the original packaging. Some say buy the coin, not the holder (very wise advice), but IMHO, an original holder should always weigh heavy on such a close decision. As far as value, I couldn't say, but when the time comes to sell I would bet that the dealer with the original set would sell his before the dealer with the Capital set.

 

Thank you everyone for your replys. I believe I am in agreement with our Moderator, GDJMSP. All things being equal, I'ld have to discount the non-mint issued sets. Good discussion and "good collecting!"

 

Some very good points.

 

Except the greysheet price is, in my opinion, FOR a set in a Capital Plastics or similar holder (since original holder sets are much scarcer.)

So I wouldn't discount the CP holdered set, I would place a premium on the original holdered set.

 

Mint sets, once removed from the government holders, aren't identifiable as mint sets anymore or even as coins frm a mint set. Modern comm sets are normally collected in or with the original holder, box, papers etc. So I would expect those prices to be for sets in the holders. But I would NOT expect the prices shown for early commems to be only for those coin still in the original holders because very few original holders still exist. Most early proof sets no longer exist in the original holders either but unlike proof sets the coins are still recognizable as proofs.

 

I really love to cut open government packageing !!!! i only collect the cents and dimes as a rule, and I buy proof sets to get the proof coins and mint sets to get the MS coins, i then use the remaining coins as trade, sell, or givaways to my waitress connections and bank tellers who help me out by watching for coins for me !!!

I just cut open a 57 proof set last night, and I will be cutting several mint sets today ,,I cant wait to see that cheap film packaging in the trash can !!!!

Rick

 

Rick...you are "killing" me...cutting open old proof sets like that!!

Speedy

 

Speedy

I paid 21.00 for the proof set,,, no biggie!! the half is a little ugly has some haze on it, but the cent and dime were terrrrrrific, the quarter is a very nice example also, the nickel had toned a little still not a bad coin,not every proof set is perfect,, but most of the time a coin or two is exceptional,, no reason to let them go in a proof set that is less than perfect !!

Rick

 

well ok...I'll forgive you this time!!!

Speedy

 

Maybe this is why coins and sets go from plentiful to scarce. All the more reason to buy high quality coins when they are cheap and put them away forever. Someday they will become harder to find and go up in value.

 

Without a doubt attrition plays a part in the rarity of any given series, but when you think about it, none of the proof coins that I take from sets will ever truely be a victim of attrition, the full and complete sets maybe, but when coins are slabbed, and graded, they are individual coins not sets, and they are preserved for ever as you say !!

this practice has been ongoing for years, and 1957 proof sets are not rare in the market in fact they are still pretty plentiful and cheap as far as proof sets go.

Rick

 

Well, as long as the waitress and bank teller get those coins slabbed and graded, the population will remain steady