I actually do have this set... What I am wondering if I should just sit on it - or have the coins graded - CoinWorld said their are at least three valuable coins in the set. I kinda like just keeping them in the set - since their numbers are dwindling... Your thoughts?
The thought that the set may be worth more in OGP is a valid one and one pondered by many numismatists, but I give you this: The market for the error coin as a single vs in the OGP is the main consideration IMHO. The truth about the market for OGP US proof sets is not a rosy picture. In fact, numbers suggest that fewer and fewer people are collecting these sets every year and that means that your prospective demand from that sector is shrinking. The error coin as a single should take this into consideration: will the coin grade at or near the top pop? If so, the. Its value as a single likely far outweighs its value in a set. If the coin would not grade at or near the top pop, then it is likely best sold as part of the "whole" OGP proof set as this will attract the most potential buyers.
If it were my set (and I do wish it was! So jealous!) I would crack out the nickel and send it in for grading. How can I answer so easily? Because I found a 1970 No S Dime in an original proof set, and I sent it in for grading. Here it is: I don't have the coin any more (I ended up trading it to someone for a gold bar), but having it graded made it easier to define a trade value (since I didn't plan to keep it.) As a Jefferson nickel collector, though, I'd keep that variety...but still get it graded. If you do end up sending in for grading, don't send all the coins in the set. From what I can see, at least the cent and dime aren't worth much more than face value. I wouldn't send the half or quarter in either unless they were a valuable variety and/or visually perfect.
This is tough for me. I think if I were to keep it, I would leave it in the set intact. If I were looking to sell it, I would break it open and have the nickel graded. The nickel would not only be easier to sell, but you could potentially get more for it if it grades high enough.
At one time I had 2 1971 U.S. Proof sets with an 1971 S no S nickel. I broke 1 had the coin graded .It came back Proof 67 deep cam. NGC price guide $1800.00 . I sold the other proof set about 10 years ago for $1400.00. Last Fall at Gettysburg I sold the graded nickel.......no where near the price I received for the mint set. My advice leave it as is......with only 1655 known how many intact set are left? Slim to your 1. Right now even in a grade like mine was you aren't going to get moon money. Why first this coin appeals to a certain audience . That audience needs to have deep pockets to afford a 1500-2000 nickel. Just my take on this coin as a nickel collector . I also had at one time a Felix Schlag numbered and signed 1938 proof souvenir board. #21 and it is posted somewhere on CT 8 to 10 years ago.
The cent boasts three very visible, strongly doubled die varieties. Die 1, listed as FS-032 by the Cherrypickers' Guide, exhibits strong doubling on LIBERTY and the Date but shows little doubling on IN GOD WE TRUST. The coin also exhibits a minor repunched mintmark. Die 2, listed as FS-033, shows very similar but stronger doubling on LIBERTY and IN GOD WE TRUST and very minor doubling on the date. The FS-032 and FS-033 varieties can bring $500 or more depending on condition. FS-033.1 is minor in comparison but still sought by many collectors. It exhibits doubling on LIBERTY and IN GOD. The FS-033.1 may bring over $200. Also known to exist is a Half Dollar variety, FS-014.5, which exhibits a strong Doubled Die Obverse. Dramatic doubling can be seen on TRUST, as well as other areas, and can bring over $200. Another treasure of the 1971 Proof Set is cameo coinage. Cameo and Ultra Cameo are designations that refer to the amount of frost on the relief of the coin. This Cameo frost was not intentional but more of a byproduct of fresh dies. Often the cameo wore off after a number of strikes and, until the die was taken out of production, it would strike coins with a brilliant appearance. Some collectors have always treasured these cameo coins, but it wasn't until NGC became the first grading service to recognize the designation that they became more widely collected, verified and market-acceptable. Click to enlarge Coins dated prior to 1977 often didn't come Cameo or Ultra Cameo. This is especially true of coinage dated 1971 and earlier due to design, strike, production numbers and other factors. Accordingly, Ultra Cameo coins from 1971 are highly prized by collectors. To date, NGC has only graded seven 1971-S Half Dollars PF-69 Ultra Cameo and these coins can bring up to $1500. Only four 1971-S Quarters have graded PF-69 Ultra Cameo and can bring $900 to $1700. 13 1971-S Dimes have been graded PF-69 Ultra Cameo and bring about $200. There are 17 1971-S Nickels graded PF-69 Ultra Cameo and bring between $400 and $500. The 1971-S Cent, with only seven graded PF-69 Ultra Cameo, brings over $1000.
The cent in the set pictured is not a doubled die imo. I'd remove the nickel maybe have it conserved depending on how bad that haze looks in person and then slabbed. Yes the set together is a novelty but unless it's going to be stored in conditions to avoid it that hazing is likely to get much worse, especially if the mints flimsy seal has been cracked already you don't want environmental damage or spots developing if not store correctly.
