My 1st NGC Multi Coin holder Proof Set

In continuing the search for the JFK Accented Hair varieties on e-bay (see my journal from earlier this week) , I came across a NGC multi coin 1964 Proof set that caught my eye. As my currently construed collection is 100% classic coin focused (except for a few modern uncirculated gold commemoratives that I half heartily dabble in), this represented an entirely new registry collecting area.

Before bidding I calculated that the starting bid represented the NGC market guide less 27% for the 5 coins. I watched the set for two days..... still no opening bid !! With 20 minutes to go I opened at the required amount, watched anxiously, and lo and behold I won the bid clean !!! I think at the price I won the set I don't have much long term downside, plus I think I am protected by what I believe will be rising silver pricing in the long run. The point being, do your homework , have a philosophy, and bid to the point that you think is economically a good buy.

This doesn't always guarantee you will be right, but at least you put some thought into your purchase.

I really like the NGC multi-coin holders especially for the "old" proof sets which I define as 1964 and prior. Can someone please comment as to why NGC discontinued them ? Lack of demand I guess, was the multi- coin holder grading price equivalent to a 5 coin submittal?

I will consider adding other proof sets in the multi-coin holder as I find them. I think problem free PF66 and above are decent grades for the 1954-64 date range` that I want to focus on. The coins very much remind me of my childhood collecting and I like this bit of nostalgia.

I also noticed that NGC offered a box to house the oversized slabs in, so it appears they tried pretty hard to market, not sure what caused the reversal. There are lots of Proof sets in the original packaging from these dates, I have 4 of these that I have been slowly cherry picking. The packaging in the cellophane can eventually erode, and although I am sure there are some great rainbow sets out there due to the erosion, it would be nice if NGC considers re-marketing. I for one will inquire if I get a bit more serious with these sets.

Last point, as I mentioned in my Accented Hair JFK article, the 1964 silver coins are now 50 years removed from circulation. We all have our own definition as to when the "modern coin" era begins. I have now moved my definition to extend to 1964 ( I previously pegged the end as 1938 to coincide with the "last Buffalo", the nickel version, of course ...

Hope everyone had a great weekend !

Cheers,

Rich

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