1960 proof set

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toned in iridescent shades of purple, plum, burgundy, green, orange, gold.....virtually every color of the rainbow, can sometimes be found uncirculated mint set 1960 on a single coin! the design of the franklin half, with the broad expanse of franklin''s bust on the obverse, and the liberty bell on the reverse, is an easy target for bagmarks or abrasion. a pristine franklin half, with a smooth, proof unblemished cheek of franklin on the obverse, and equally pristine liberty bell on the reverse, is a truly beautiful coin. on the other hand, the simplicity of these surfaces also serves to magnify, or hilight, the smallest bagmark! the cheek of franklin & the liberty bell make easy targets. the quality of the typical uncirculated franklin roll is quite low, with all 20 coins usually grading between ms 60 and ms 63. by comparison, if one had the good set fortune to acquire an original roll of uncirculated walking liberty half dollars (the series immediately preceding the franklins, minted from 1916-1947) the general quality of the coins would likely be quite high, with most coins grading ms 64 - ms 1960 65. what about any hordes proof of gem bu franklins that have yet to surface? original unsearched bags of bu franklins? the last bag

of bu franklins i acquired, 100 rolls of 1963-d''s, a total of 2,000 coins, resulted in financial disaster for me and my partner. oh, the bag quantity was original all right. all the rolls were in their original bank-wrappings, and had obviously never been unwrapped. the coins in these rolls set were beautiful, bright blazers. we submitted the 125+ nicest coins to pcgs and ngc for grading, figuring if we got 40 or 50 ms 65''s we''d make a profit. the 1960 result? 5 ms 65''s!! the rest graded either ms 64 or ms 63. why? the majority had a couple too many bag marks (a common problem with bu franklins), or had a bit too much pitting on the high-points of the devices (another common problem with bu franklins), or were too softly struck to grade ms 65 (another common problem with bu franklins, or finally, had some very light hairline scratches, the result of having passed through a coin counter! by comparison, a single roll of late date walking liberty half dollars would likely have more gems among the 20 coins than the 1963-d franklins did among the 2,000. despite having populations a fraction of the walking liberty halves in gem condition, gem franklins are currently priced well below the levels walkers are currently selling at. additionally, if one wishes to compare the populations of untoned, brilliant ms 65 walkers to untoned, brilliant ms 65 franklins, the population differences are even more striking in favor of the franklins!

collector, for many dates which were considered fairly common in uncirculated condition, such as the 1879-o and 1880-o morgan dollar, were disclosed to be extremely scarce or rare in gem ms 65 uncirculated grade and gem ms 65 prooflike! with these disclosures by a respected expert in the field, the morgan dollar market bloomed almost overnight. by the early 1980''s, it was the single largest area of proof collector interest in u.s. numismatics, simply set and 1960 because it was disclosed that in addition to the other benefits of 1. proof beauty, 2. quality, and 4. low price, many dates in the series also set enjoyed a high degree of 3. rarity, in higher grade. the 1950-1970 cameo proof series is currently positioned at the same point the morgan dollar market found itself in the mid-1970''s. like the morgan dollar market at that time, the current cameo 1960 proof market has been enjoying increasing popularity among collectors with each passing year, despite the birth of published information on the subject. the fact is, high grade cameo examples of many of the rarer proof cameo dates are so rare that few dealers set have ever seen such coins. the cameo proof series, like the morgan dollar series, has been crying for a comprehensive book

1960 proof set

1961 proof set

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