Proof Coins Not In Their Original Packaging

Good Morning All,

I have recently been given alot of proof sets and some older coins etc, these have quite badly water damaged outer packaging.

The coins however are fine no marks, would my collection be worth alot less if these coins were not in their original proof set packaging?

I have been told that i would potentially lose around 40% of the proof set value due to no packaging!

could someone with a bit more knowledge on these things possibly help?

Many thanks

Tom

I know a couple of dealers who remove coins from sets to sell individually because they can get more that way.

Ultimately collectors should be buying the coin, not the box it comes in, but I guess other people feel differently.

many thanks,

i was hoping this would be the case but you never can tell

I bought a 2020 Australian Baby Proof set for the normal price of around $120. I only wanted the unique coloured 50 cent that was in it for my collection. Once I broke the set up to get that coin I sold the remaining individual coins for more than I bought the set for.

In effect I got the coloured 50c for free. They normally sell for $100 or more by themselves. Here it is.

https://en.numista.com/catalogue/pieces188205.html

So keep the coins you want/need and sell the rest

Cheers Mike

My general rule of thumb is to keep it in original packaging and that this does tend to bring more value when it comes time to resale. You did however mention that the packaging has been severely damaged by water so in this case I would say you will be just as well off removing them from the packaging as long as you take care in doing so and store them properly. If it’s just minor damage though or cosmetic even I would say keep it in the packaging as long as there is t a chance of it degrading and in turn damaging the coins. Also as a final option it’s amazing the things you can find on eBay and you might even consider purchasing a replacement case from someone that removed theirs. I see it pretty frequently especially with coins that people sent off to be graded selling the empty packaging for next to nothing on eBay.

I hope my late night rambling helps answer your questions.
Matt