1891 Proof Set Value

[TooManyHobbies-migration]

Have run across an 1891 proof set, pcgs (sorry) with grades ranging 63-65 (dollar is 62, dime is a 65) with great matcing eye appeal. Question: how much additional value would you put on a set like this over the value of the individual coins per graysheet if any? It's tough to do a date set in proof, have tried in the past so I think some premium is justified. Question is, how much. Graysheet value bid of these is around $3800 total. Is the set worth $4600? The nickel and Quarter are Cam's.

[gmarguli]

Excluding the fact that some are CAMs, I would say that the grades limit the potential for added value.

 

A nice matched set can bring a premium, but a set where the grades are all over the place isn't likely to bring a real premium.

 

Even if the set is hard to put together, you'll find most potential buyers want one or two coins out of the set and not the others.

 

Honestly, you'd be able to sell this set (provided that's what you want to) much easier in parts than as a whole.

 

If the eye appeal is there, then you might have an easy sell and get a premium. However, these coins sell well as dipped white coins.

[michael]

impossible to say without seeing the coins in person sight seen

 

but overall in general gmarguli sums this up as per his above post!!!!!!

 

if i would be a coin teacher and do a grade on gmarguli's answer he would get overall an A+ grade easy

 

michael

[michael]

now to add as a guesstimate as i have not seen these coins but usually if the dollar is proof 62 and another coin is proof 63 the set might have been dipped and wiped with many hairlines after the fact and might be a put together set long ago and then put into an album and all got toned the same

 

usually from my experience if the set was totally original and not dipped the toning would be deeper and also the coins would grade higher as they were just kept together from the time or very close to the time of being minted and never dipped so not wiped as such hence higher grades

 

then you might have an original ORIGINAL set

 

but without seeing the coins and not knowing any provanance

from my experiences taking an educated guess i would say i am accurate as per the above as this is usually the scenerio that i and other more experienced collectors and dealers of years past i have talked to about this subject have experienced

 

but anything is possible

 

michael

[BillJones]

Great response, Michael.

 

Original sets with nice coins in them (at least PR-64 and better) that have similar toning or have NOT BEEN DIPPED are worth a premium when sold as a set. Sometimes when they are offered to the right buyer, they are worth a substantial preimum over the usual price for the individual coins.

 

By the sounds of this set, I'd say that it is probably worth only the price of the individual coins. Assembed sets might be worth a "finder's fee" because the set has been put together, but they are not big time collectors' items like original sets than have never been broken up since the day they were sold at the mint.

[Tradedollarnut]

Greysheet bid on a PF62? I'd need to know more about how you figured the dollar to give any advice at all.

 

But I can say that an original matched eye appealing proof set is worth much more than the sum of greysheet bid. Especially one without those yucky Barber coins in it!