Proof sets

Discussion in 'What's it Worth' started by sabatca, Jul 29, 2006.

  1. sabatca

    sabatca Junior Member

    While I understand that every coin needs to be seen to determine it's value, I was wondering if there is a general rule of thumb for coins you buy directly from the mint? What I mean is: if you buy a silver proof set from the mint, what is the general range you could expect in grading. If below 69 why would that be since it is proof with coa?

    Also, If the coins are proof and directly from the mint, how could some be worth more and ome less?

    Thanks a lot

    cj
     
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  3. gxseries

    gxseries Coin Collector

    Supply and demand mate. Those two are very important critical to any pricing.
     
  4. satootoko

    satootoko Retired

    Condition (grade) is the third leg of the value stool.
     
  5. Speedy

    Speedy Researching Coins Supporter

    Proof isn't a grade--it is really how they make the coin--and the COA is just a piece of paper that I could make.

    Same---even though all of the coins are proof they aren't the same grade....each die that is used to strike a coin at the mint is used many many times...the first strike might be a really sharp nice strike but after 5000 strikes the coin detail might not be soo sharp and therefor the grade would lower too....now that isn't always the case---sometimes the first coin off the die is the pitts and other are really good but I think you will get my point.....each coin will grade unlike the one before it---that is why the price jumps.

    Speedy
     
  6. The_Cave_Troll

    The_Cave_Troll The Coin Troll

    I would expect modern mint proof sets to have PF67+ coins in them. Anything lower than that and I would likely return it for a replacement.
     
  7. JBK

    JBK Coin Collector

    "Hope for" and "expect" are two different things. The mint does not guarantee grade, only manufacturing method. Of course, if there are extreme flaws, then a replacement could be expected, but I think that people searching for grade rarities and returning less than perfect coins is one of the reasons the mint stopped paying for return postage on returned sets.
     
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