I'm torn about what to do about this coin set. I would like to sell it for a decent price but so far people are only interested in paying for the gold content of the four gold coins and silver content of the 1995 W American eagle. I bought it directly from the mint and see that they only sold 30,125 sets. As a collector, I would like to see the set stay intact. But I see that many have broken the set and had the silver dollar slabbed. I see prices from $3k to $30k because this was the first year for West Point.
So my options I can see
a) Find someone to pay a decent price for the set, like $8k to $9k (since the coins are not graded, just how they left the mint)
b) Send the silver dollar to be graded and sell the gold coins separately.
c) Send all five in to be slabbed and graded. Does this even make sense for US gold coins (I have not see many slabbed)?
What are your ideas and what would you do? I've never sent coins to be graded, this would be a first for me. I'm not even sure which company to use.
First of all, don't break apart the set. Doing so, you will jeopardize getting the highest possible grade should you decide to get that done. The difference between a PR70 (in original packaging) and a PR69 (at best if you break it open) could be several thousand dollars lost. High end collectors will pay the premium for a graded coin that most of us low-life collectors can't generally afford. On the other hand, there just aren't that many high-end collectors out there.
I have several graded/slabbed coins that when considered over all, aren't worth the price I paid, and won't get what they are supposedly worth when I sell them (the Silver Eagles being the usual exception). But I personally think if I had this set (I unfortunately missed out), I'd send the complete set in to be graded by PCGS or NGC. Long term, you could make more having them Auctioned by a reputable auction house. That's just my humble opinion.
Married, father of 2, grandfather of 4. Retired Navy - 25 years. Been to 45 Countries and know how to ask for beer in 135 languages and dialects. Passions: My wife of 49 years, Coin Collection, Woodworking, Photography, and being Politically Incorrect.
The coins in the set are individually packaged and placed in a holder. It was the only time I have seen the mint package the proof coins this way. Those were the two grading companies I was thinking about using. I'm still not sure if it makes sense to do all five coins or just the silver dollar. Thanks for your reply. It at least means we are on the same page. You can see in the picture how it is packaged. As a collector, I would want the entire set (especially now with how many sets have been destroyed by removing the silver dollar).
I agree with everything my friend Coins2see said and please do not break up the set. You have something very special there and I believe grading to be both redundant, damaging and costly. Perhaps find a high end coin dealer and discuss it with them. They are well connected with high rollers and could get your set maximum exposure to those that are interested in aquiring a set. Perhaps on consignment or straight out purchase from you by this dealer. Getting full retail privately will be a challenge. I will PM a contact to you so as not to appear to be advertising for a specific dealer. There is no harm in calling them and discussing your options.