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Early proof sets. rip open and just melt?

PostPosted: Sun Mar 06, 2011 1:38 pm
by misteroman
trying to work on a deal for approx 500 proof sets from early 60's. Are they just bullion or do they have any other value?

Re: Early proof sets. rip open and just melt?

PostPosted: Sun Mar 06, 2011 4:38 pm
by Rodebaugh
Roll them and sell them as prem junk.

Re: Early proof sets. rip open and just melt?

PostPosted: Sun Mar 06, 2011 8:04 pm
by Know Common Cents
Once in hand, I'd hang onto them for a week or so and try to peddle them as is. In this market, people may pay over Coin Dealer Newsletter pricing just to have them. Don't dismiss the "cool factor" for the novice silver investor.

If no sale, I agree with the cut and roll approach. People will pay more for proof rolls. Either way, if you snag those, you should be in a good position to catch the wave of increasing interest in silver.

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 11:35 am
by highroller4321
all of the 60's are considered melt. Anything pre 1960 starts to have a little numismatic value to it.

Might be better off doing as rodebaugh said and selling by the "proof roll"

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 12:14 pm
by Pachucko
highroller4321 wrote:all of the 60's are considered melt. Anything pre 1960 starts to have a little numismatic value to it.

Might be better off doing as rodebaugh said and selling by the "proof roll"


No extra value at all?? Is this selling at a coin shop/refiner, is there an eBay premium making that route worthwhile? I've got a bunch somebody asked me about I still haven't had a chance to get out of my box.

Regards......Pachucko

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 12:31 pm
by highroller4321
Pachucko wrote:
highroller4321 wrote:all of the 60's are considered melt. Anything pre 1960 starts to have a little numismatic value to it.

Might be better off doing as rodebaugh said and selling by the "proof roll"


No extra value at all?? Is this selling at a coin shop/refiner, is there an eBay premium making that route worthwhile? I've got a bunch somebody asked me about I still haven't had a chance to get out of my box.

Regards......Pachucko


There is probably a little value but with silver at these higher prices I am sure its hard to find someone wanting to spend a premium on basically "junk" silver.

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 12:41 pm
by GTOJohn
wow, with all of the space that proof and uncirculated sets take up - it would be nice to see premiums.

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 1:07 pm
by psi
I guess if enough people melt them, they may become a lot less common than they are today... just a thought.

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 2:22 pm
by Rodebaugh
Or......use this opertunity to upgrade your stash. Out with the circ bens, roosies, mercs, and kennys......in with the proof date rolls.

Keep doing this and before you know it most of your "junk" will be proof at little to no cost. I know some guy that has done just this and now most of his stack is in 90% state proof rolls.

Re: Early proof sets. rip open and just melt?

PostPosted: Mon Mar 07, 2011 5:07 pm
by AgCollector
misteroman wrote:trying to work on a deal for approx 500 proof sets from early 60's. Are they just bullion or do they have any other value?


I'd at least keep an eye out for dime doubled dies- there are quite a few, esp for 1963.