I am asking this question for my boss, a fellow numismatist who is looking (NEEDING rather.) to sell his 1937 proof set. I will attach some photos for you. All are graded proof 66 by PCGS and NGC. He can't afford to take a hit and sell it wholesale to a coin dealer who is offering $2.5-3k. Any and all help would be greatly appreciated! -Rob P.S. My boss does not have a coin talk account, so I will be checking back periodically and showing him what you all are saying. He is 67 years old and has been collecting coins since he in gradeschool. His name is Doug.
There is a large downside to this set in that most of the coins are in NGC holders and type such as this benefits from PCGS certification. Below are typical numbers for retail sales of each coin with a value for a PCGS graded coin followed by one for an NGC graded coin- Cent: PCGS $700; NGC $600 Nickel: PCGS $1,300; NGC $1,500 Dime: PCGS $550; NGC $450 Quarter: PCGS $450; NGC $350 Half: PCGS $900; NGC $950 Please keep in mind that these are fully priced auction lot values that you cannot expect to get on generic coins sold to a dealer. Also, given these are fully priced auction lot values, the seller would have net approximately 15-20% less than the numbers listed and that the payment may take months to obtain. Therefore, the total values of $3,900 (PCGS) and $3,850 (NGC) are reflective of a buyer selling at auction and receiving $3,200 or so. That $3,200 number is for fully priced retail sales at auction , which means you should not think a dealer offer of $2,500-$3,000 would be too low because it would be mighty fair.
Wow, I love that set. My first idea would be to consign to an auction house. Stacks, HA, Teletrade (Maybe not them), Goldberg, or Legend. Call around, see what would be best.
The only comparable set (all PCGS) I could find in completed eBay listings sold for just under 5K.. the cent was a 64RD, the quarter and half were 66 and the nickel & dime 67... all CAC stickered. http://www.ebay.com/itm/1937-PROOF-SET-IN-CONSECUTIVE-PCGS-GREEN-LABEL-CAC-HOLDERS-GOLD-CAC-/390679120726?
Those sets are not comparable for a few reasons- 1) The ebay set is all PCGS certified coins instead of a near complete NGC set. 2) The ebay set is a consecutively numbered set in old green holders. The old green holders are highly valued by many folks and they can and do generate more upon resale. Also, the consecutive holders infer an original set and folks pay more for original sets. 3) The ebay set is all CAC stickered. 4) The ebay set has a gold sticker on the quarter. 5) The ebay set has a nickel and dime in PR67 holders while the quarter is in a PR66 holder and would be valued as a PR67 because of the gold CAC sticker. This adds $1,200 or so value to the set. 6) Even with this greater value for the ebay set, the seller generated about $4,300 after all fees and expenses and this was from a full-time dealer.
Totaling up the values on NGC and PCGS it comes to $4808.75 But I think Tom's assessment is more realistic.
To bad hey aren't all the same cert company. Not like it matters but to me if I was gonna shell out the money I would have to have it all the same. I think that's my ocd talking... anyway I don't see how he shouldn't be able to pocket $3500 maybe more depends on auction and people on.
