Stumbling upon an old collection of proof sets in your attic can feel like finding buried treasure. But what should you do with them? Should you keep them, sell them, or break them apart to sell individually for maximum value? This is a common and valid question coin collectors often ask. As a collector, you want to make the most informed decision possible.
This article will shed light on these options based on real-world trends, expert advice, and trusted sources. So, let’s delve into the world of proof sets and their potential value.
1. Keep Your Proof Sets
If you’re a collector at heart, it might be worthwhile keeping your proof sets. The U.S. Mint explains that proof sets can be an excellent addition to any coin collection due to their high quality and specialized finish. They also serve as a piece of history, each set representing the coins minted in a given year. If you’re not in dire need of cash, holding onto your sets could bring you joy and potentially increase in value over time.
2. Sell Your Proof Sets
If you’re not particularly attached to your proof sets, selling them could be a profitable option. Factors like condition and rarity are key in determining value. For fundamentals, review the NGC coin grading scale, and check real-world comps in the PCGS Auction Prices for U.S. Proof Sets. Online platforms like eBay, or local coin shops, are popular places for selling. Remember, the market constantly fluctuates, so timing is essential.
3. Break Your Proof Sets for Value
Another option is to break your proof sets and sell the coins individually. This process, known as “cracking out,” can sometimes yield higher profits, especially if you have particularly rare or high-grade coins within your sets. PCGS even offers a Regrade service that handles removing a coin from its holder and evaluating it again. However, this route requires time, patience, grading fees, and a careful eye.
In conclusion, whether you choose to keep, sell, or break your proof sets for value will depend on your personal circumstances and goals. If you’re a passionate collector, keeping them may bring you the most satisfaction. If you’re looking for a quick profit, selling the sets as they are could be your best bet. If you’re willing to invest time and effort, breaking the sets could potentially yield the highest return. Whichever route you choose, remember to make your decision based on knowledge and research, not just emotion. Happy collecting!