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Coins Not Included In Modern Mint Sets

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Pillar of the Community
United States
2295 Posts
 Posted 04/24/2012  3:19 pm  Show Profile   Bookmark this reply Add wquinn to your friends list
How can you ignore the proofs from 1959-64? They do look really nice and aren't that expensive.

It really isn't the mintmark that distinguishes them, but the manufacturing process. They are minted under extra pressure and pressed at least twice.
Edited by wquinn
04/24/2012 3:20 pm
Pillar of the Community
United States
593 Posts
 Posted 04/24/2012  4:00 pm  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
How can you ignore the proofs from 1959-64? They do look really nice and aren't that expensive.

It really isn't the mintmark that distinguishes them, but the manufacturing process. They are minted under extra pressure and pressed at least twice.


I may change my mind and decide to add them later, but for now the mintmark is the distinquishing characteristic for me. I want to have an extremely narrow focus on 1959 to present so I can allocate my attention and funds to flying eagle, indian and wheat pennies.

I just placed my order for the rest of the Eagle albums I need and I have received just about everything I ordered recently to complete 68-98 mint, with the exception of 71-72 Ikes and 99 SBA. I went quite a bit over budget, but when I saw a chance to get 68-98 including 82 and 83 P&D Souvenir Sets for $314.31, I had to jump at it! Then I had to buy the albums to put all the stuff in (of course). So it will be a few months before I start looking for the 68-98 proof sets, but there seem to be several lots in that range each week on ebay.
Valued Member
United States
208 Posts
 Posted 04/24/2012  8:50 pm  Show Profile   Bookmark this reply Add Rewster to your friends list
Does your '82 mint set have all the penny's? Some do not. Not a big deal if it doesn't as you can pick them pretty inexpensively.

Also you mention that you will probably skip over the 40% bicentennials as well as 64 and before proofs (at least for now). I'll be interested to see if that changes when you have blank spots in your albums. It would drive me nuts . You might want consider getting proof sets down to 1964. The only reason being your Kennedy album will have a spot for a 1964 proof, and that would, eventually, be the only Kennedy proof you wouldn't have.

Also what albums did you decide to go with?
Pillar of the Community
United States
593 Posts
 Posted 04/24/2012  11:34 pm  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
Does your '82 mint set have all the penny's? Some do not. Not a big deal if it doesn't as you can pick them pretty inexpensively.


I don't know. The '82 Souvenir Sets from the mints have P&D pennies. I don't have the proof set yet, but I assume it will have an S penny.


Quote:
Also you mention that you will probably skip over the 40% bicentennials as well as 64 and before proofs (at least for now). I'll be interested to see if that changes when you have blank spots in your albums. It would drive me nuts.


That would drive me nuts, too! I spent YEARS trying to create a rational stamp collecting philosophy for U.S. stamps and ended up having to print many of my own pages so I didn't have to leave blank spaces for things I didn't collect.


Quote:
You might want consider getting proof sets down to 1964. The only reason being your Kennedy album will have a spot for a 1964 proof, and that would, eventually, be the only Kennedy proof you wouldn't have.

Also what albums did you decide to go with?


I'm going to use Dansco through 1958 for my pennies. For 1959 forward I am using Eagle Albums. They hold Mint Sets and Proof Slabs intact. That way all I need to determine is what I need IN ADDITION to the mint and proof sets. No empty holes to fill! What I have learned so far is that I need the following:

1965 Special Mint Set - will fit in slot of Mint Set album.

1966 and 1967 Special Mint Sets - these are slabbed and don't fit in ANY album, but the rep at Eagle said I can take a 9-pocket certified page and modify it to hold the 66 and 66 slabs. I have one on order and I'll see how that works.

1971 and 1972 Ikes - apparently there are no Ikes in either the mint sets OR the proof sets, so I'll need to add them. Proofs are an easy fix with the "Brown" Ikes, but there is no easy fix for 71 and 72 P&D Uncirculated Ikes, so that is on the back burner for now.

1982 and 1983 mint sets weren't issued - the Souvenir Sets from Philadelphia and Denver are adequate substitutes. They are a bit pricey, but not a bad investment.

1999 - I added the SBA mint coins (P & D).

As far as I know, that's all I need in addition to the regularly issued mint sets.

For proof sets, I just needed to make sure I had the first set of Presidential coins.

My collecting philosophy is for me only. I am a SERIOUS stamp collector and a CASUAL coin collector. I enjoy helping aspiring stamp collectors and learning from more experienced folks regarding coins. The one area I do hope to become MUCH more knowledgeable about is where stamps and coins come together. If I ever manage to complete my stamp and coin collections to my satisfaction, I would like to explore Civil War postal currency and fractional currency.

Encased postage stamps is another interesting area. I have one in my stamp collection. Do you have one in your coin collection? During the Civil War, when coins were scarce, stamps were encased in metal with a mica facing to be used as coins. Fractional Currency was also issued during the Civil War, which was essentially a paper money equivalent of coins.

Thanks for the feedback. I am learning a LOT from everyone here.

Cheers!
Edited by larsdog
04/24/2012 11:36 pm
Bedrock of the Community
United States
12437 Posts
 Posted 04/24/2012  11:47 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
larsdog,

have you checked out the sister site http://www.stampcommunity.org/ ?
Pillar of the Community
United States
593 Posts
 Posted 04/25/2012  12:03 am  Show Profile   Bookmark this reply Add larsdog to your friends list


Quote:
larsdog,

have you checked out the sister site http://www.stampcommunity.org/ ?


Yes, I have! I've tried stampcommunity.org, stamporama.com and bidstart.com (formerly stampwants.com). So far I have felt most "at home" with coincommunity.com for coins and bidstart.com for stamps, but I get some great tips from the most unlikely places sometimes, so they're all good!
Bedrock of the Community
United States
17884 Posts
 Posted 04/25/2012  12:40 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
I'm at work and don't have access to my Red Book, but I think the 79S SBA is in the Proof Set. If you are saying there was also a business strike of the 79S SBA then I'm still trying to figure out if I want to include that, too, eventually.

Yes there was a business strike 79 S SBA that was released into circulation but which was not included in the 1979 mint sets.
Pillar of the Community
United States
593 Posts
 Posted 04/25/2012  1:19 pm  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
Yes there was a business strike 79 S SBA that was released into circulation but which was not included in the 1979 mint sets.


There are a few coins like that and I have yet to decide if I want to include them if I already have a proof of that mint mark. I know most collectors consider a proof coin to be a different animal from a business strike coin and even the modern (2005-2010 I think someone said) uncirculated mint sets have a different finish than business strike coins. For now I'm focused on just the mint marks. Dansco sells blank pages for pennies, nickels, dimes, etc. so I could create an album with the coins I want to add to the mint and proof sets I'm going to include. That's another good reason to put the '71 and '72 Ikes on the back burner. I know I need them but I'm uncertain how or where I will store them. Whether I include several other coins may influence how I deal with the Ikes.
Rest in Peace
United States
9104 Posts
 Posted 04/26/2012  11:05 am  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
Fractional Currency was also issued during the Civil War, which was essentially a paper money equivalent of coins.

Initially, they were Postage Currency, which was essentially a paper money equivalent of stamps, complete with pix of the stamps of their face value.

If you change your mind about going back on proofs, you might consider 1959 (all the LMC) or 1955 (first year of the new packaging for proof sets, similar to mint sets).
Pillar of the Community
United States
593 Posts
 Posted 04/26/2012  11:41 am  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
Initially, they were Postage Currency, which was essentially a paper money equivalent of stamps, complete with pix of the stamps of their face value.


Yes, you are exactly right. I have an example in my stamp collection because the first issue utilized images of stamps and are considered (by philatelists) as stamps used as money. The second issue and beyond are considered by philatelists to be more paper money than stamp. Some day I may revisit that area to learn more.


Quote:
If you change your mind about going back on proofs, you might consider 1959 (all the LMC) or 1955 (first year of the new packaging for proof sets, similar to mint sets).


I am going back to 1959 (first LMC) with the mint sets, so it's just a question of whether I want to also include the proof sets for '59 through '64 since there were no proofs from '65 to '67. If I understand you correctly, you are advocating that if I do decide to include proof sets as well then I may want to go back a few years further (to 1955) so that I would have a complete run of every proof set in the current packaging. Interesting point!
Rest in Peace
United States
9104 Posts
 Posted 04/26/2012  9:06 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
Some 55 and the earlier years come in boxes. The next logical stop is 1950 (fairly expensive) because before that, it jumps to 1942, and they were all sold as singles back then.
Pillar of the Community
United States
593 Posts
 Posted 04/26/2012  10:33 pm  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
Some 55 and the earlier years come in boxes. The next logical stop is 1950 (fairly expensive) because before that, it jumps to 1942, and they were all sold as singles back then.


And, of course, there is that pesky little problem that the Red Book lists the current value of the proof sets from 1936 to 1942 at about $20K. '50 to '58 is about $2300. '59 to '64 is only $130, so going back to '59 really isn't a big problem price-wise, but as you said, there are some logical stops, and 1968 seems to be one of them.

I haven't made a definite decision yet, but I may decide to stop at 1968 for proofs for now and focus on pre-1959 small cents. After spending some time there I may revisit my 1959+ collection and change my mind about proofs.
Pillar of the Community
United States
593 Posts
 Posted 05/14/2012  10:45 pm  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
Does your '82 mint set have all the penny's? Some do not. Not a big deal if it doesn't as you can pick them pretty inexpensively.


Rewster - I've been going back over the comments and saw this one. Now that I'm further along in the process I see how good of a question this is!

If I understand correctly, here are the 1982 pennies:

1982 Cu alloy Large Date
1982 Cu alloy Small Date
1982D Cu Alloy
1982S Cu Alloy Proof
1982 Copper-plated Zinc Large date
1982 Copper-plated Zinc Small date
1982D Copper-plated Zinc Large date
1982D Copper-plated Zinc Small date

As of now I am leaning toward INCLUDING the large/small dates but not the metal composition differences. That may change as I learn more.
Bedrock of the Community
United States
20753 Posts
 Posted 05/15/2012  10:53 am  Show Profile   Bookmark this reply Add just carl to your friends list
Just curious why are you attempting to collect all the Mint and Proof sets? I've been doing that since the early 50's and lately starting to consider getting rid of the entire mess. I've been putting them in boxes and then on a shelf and never to be seen again. A few years ago I took all of them out of the original boxes to conserve space but they still take up a lot of space. For me just not a smart thing collecting those anymore. Yet every year I still order them. I've actually been thinking of selling the entire mess lately. Just boxes and boxes of coins never looked at.
Pillar of the Community
United States
593 Posts
 Posted 05/15/2012  2:06 pm  Show Profile   Bookmark this reply Add larsdog to your friends list

Quote:
Just curious why are you attempting to collect all the Mint and Proof sets?


It started with the '99 mint and proof sets. I bought those from the mint and then bought every year. I also had a penny collection from when I was a kid that ended around '65. I was looking at that accumulation of sets in their boxes and pretty much drew the same conclusion you did. I'm much more involved in stamp collecting and have a very nicely ordered and accessible collection in about 16 binders. I offhandedly complained to a stamp collecting friend on the BidStart forums that I wished there were albums for the intact mint sets. As a stamp collector I am used to collecting by year, not by denomination. My friend didn't collect coins, but his son did, and his son told me about Eagle albums. They hold intact mint and proof sets! I took all of the sets out of the envelopes and boxes and placed them in the albums. I also picked up the '68 to '98 P&D series (including '82 and '83 P&D Souvenir sets). Now I can view any year at any time, easily. Best of all, the sets will be easy to dispose of when the time comes.

I put the envelopes and boxes in a big zip lock bag with a silicone gel pack and stuck the bag in a closet.

When trying to decide when to stop collecting just pennies and start collecting mint sets, the end of the wheat era seemed logical. I decided to start collecting proofs when the mint mark changed to S ('68). So I plan to include the '59 through '64 P&D sets, plus the '65 through '67 Special Mint Sets. I've already added the '99 SBA P&D and sealed up 4 Ikes in saflips since '71 and '72 P&D are missing the Ikes. I haven't gotten the '68 to '98 proof sets yet, but it looks like I will need the '71 and '72 Brown Ikes, too, to have a complete mint mark set of everything.

Then I started looking at some of the type varieties I'm missing out on, like the '76 Ike Type 1 and Type 2, and the '82 penny varieties shown above. I want to include SOME of those things, for sure. I haven't decided what to do yet, but I plan to collect those circulated to keep the costs down. I actually won a clad '76 type 2 in a contest here so I may have to figure things out sooner than I had planned! I might use a Dansco binder with some blank pages to keep type varieties of the few varieties I decide to collect. Or I might use 2x2's. I really don't know, yet. I also have some errors I'd like to display some way, so the 2x2 answer may be the best way. I moved my wheats to a Dansco album. I may decide to add Indian cents as well. That's also undecided. I'm really just getting started. I've gotten LOTS of great advice here, though!
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