Do you think this is legit??

[treasurehunter101]

Hey guys I bought a Roosevelt dime today at the local flea market for $5.00. On the holder it came in it said it was a proof 1963 silver dime. What do you guys think about it? Thanks in advance

 

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[shawninNY]

Grading is very subjective proof should be sealed in a set , they lose there value when broken out,

 

[Hot zone]

Legit: legal, (slang, fake)
It is legal! No one fakes a 63 dime to make a couple bucks...
The minimum value is $3, so I think you did alright! Because it is obviously not in poor condition!

 

[MUD(S.W.A.T)]

Nice dime, it was a good investment.

Keep @ it and HH !!

 

[testing123]

looks proof to me

 

[doninbrewster]

I was a contributor to the Redbook from 1995-2003 and for what it's worth, it appears to be a proof. You didn't get hurt with your purchase, but probably didn't make a big score either. I found a proof Kennedy half in a roll of halves from the bank a few months ago.

 

[masterjedi]

I was a coin dealer for 20 years... It is a proof 1963 dime. It was just broke out of a proof set. This was done all of the time. You could sell the single proofs for more than you could the complete set...

 

[vpnavy]

 

[Prospecting P.]

Nice find!

 

[treasurehunter101]

Legit: legal, (slang, fake)
It is legal! No one fakes a 63 dime to make a couple bucks...
The minimum value is $3, so I think you did alright! Because it is obviously not in poor condition!

The holder it came in said the book value was 10-13 dollars and what coins should i look out for? He has alot of old us coins and also alot of old canadian coins!!! Let me know!

 

[treasurehunter101]

I was a contributor to the Redbook from 1995-2003 and for what it's worth, it appears to be a proof. You didn't get hurt with your purchase, but probably didn't make a big score either. I found a proof Kennedy half in a roll of halves from the bank a few months ago.

But how much is the dime worth?

 

[treasurehunter101]

I was a coin dealer for 20 years... It is a proof 1963 dime. It was just broke out of a proof set. This was done all of the time. You could sell the single proofs for more than you could the complete set...

how much is the dime worth? and should i buy his other proof silver coins?

 

[treasurehunter101]

Nice find!

thanks!!! is there anything else specific i should look for? he has alot of different coins!! i guess uts always good to go to the flea market!!!!! haha!

 

[beez0404]

I would suggest purchasing a Redbook, studying the prices a bit, and then shop with the flea market guy again. Bring plenty of money with you and here is why. The flea market guy most likely advertises he buys and sells silver and gold. If he does that's a good thing for you. When he is buying he is paying as little as he possibly can of course. Many folks don't have a clue what their coins are worth and sell them way too cheaply. So he definitely has room to "wiggle" on his prices. Select say the 10 or 15 coins that you feel are priced the best based on the Redbook prices. Then make him an offer on those coins as a group. Buying in "volume" like that will give you some negotiating power.

 

[testing123]

ebay completed auctions is also a good way to find a rough value for similar coins

 

[jewelerguy]

if you look at coin price guides, they generally list the collective values for individual proof coins higher than the complete proof set. I've never really understood the concept behind that idea, but it explains why dealers often have individual proof coins for sale. They break the sets up to sell individual coins for maximum profit. Some collectors prefer individual coins because they are easier to store than the bulky complete sets. Proof sets are assembled at the mint by employees wearing special gloves to prevent their skin from coming in contact with the coins, causing finger prints or tarnish. When I see an individual coin sold as a proof, I don't doubt it came from a proof set, but I wonder if the same precautions have been taken when putting the coins in a 2 x 2 holder.