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 Replies: 36 / Views: 7,330 |
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Pillar of the Community
United States
2734 Posts |
The Golden Dollars (Pres., Native) went NIFC in 2012, bolstering the functional value of the Mint Sets for the many collectors who want only one coin of each. Which is why this group missed the 2012-S Quarters, as those were (and for current year issues, continue to be) available only as bags and rolls from the Mint.  |
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Pillar of the Community
United States
1037 Posts |
I agree that Mint Sets are too cheap. I feel there is a glut in the market with these sets suppressing their price. One reason for the glut is that many of the early coin collectors are finally selling off their collections or have passed away and the family sells them off.
Personally, I like Mint sets and I have been able to collect 1964-2014 UNC Mint sets including the 1982 and 1983 P&D Souvenir sets fairly inexpensive. I am now working on my collection of Proof Sets from 1968-1991. I do buy sacrificial sets when putting an album together.
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Pillar of the Community
United States
2271 Posts |
Quote:
I agree that Mint Sets are too cheap. I feel there is a glut in the market with these sets suppressing their price. One reason for the glut is that many of the early coin collectors are finally selling off their collections or have passed away and the family sells them off. You're probably right but I think it was the great recession that has brought most of them out and still brings a few to market. Most collectors other than younger collectors now days just don't own these sets so demographics should be less of a factor than macro-economics, I believe. When the economy turns the corner hese sets will disappear fast if I'm correct. If you're right it could take many years before supplies are severely impacted. I believe most of these sets have already been destroyed because of many years of neglect and low prices. Time don't fly, it bounds and leaps.
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Valued Member
United States
335 Posts |
I thought I was cornering the market when I got 7 '05 Mint Sets in '05. They are still in unopened mailed box  |
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Valued Member
United States
320 Posts |
I got 3 rolls of what were supposed to be unc Statehood Quarters last month at flea market. My kids wanted to do a 50 State Quarter set and I figured buying rolls would be the best bet. When I opened them at home, they were all the silver proof quarters. I ended up with 15 diff states but many of each. I assume these were taken out of mint sets? I actually want to go back and ask if this women broke open mint sets or how she came by them. So now the hunt is on for mint sets for the years/states we need. The only difference is now they want to do a silver proof one as well. |
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Pillar of the Community
Canada
3692 Posts |
UK proof sets are SWEET, though. Amazing presentation. Can anyone tell me what my 1986, 1987, and 1988 UK proof sets are worth?, seeing that my book values are useless, lol.
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Pillar of the Community
United States
2271 Posts |
Quote:I got 3 rolls of what were supposed to be unc Statehood Quarters last month at flea market. My kids wanted to do a 50 State Quarter set and I figured buying rolls would be the best bet. When I opened them at home, they were all the silver proof quarters. I ended up with 15 diff states but many of each. I assume these were taken out of mint sets? I actually want to go back and ask if this women broke open mint sets or how she came by them. So now the hunt is on for mint sets for the years/states we need. The only difference is now they want to do a silver proof one as well. All silver statehood coins are S mint proof. If they appear to be silver P or D then they are probably the "platinum" plated junk being sold on TV. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
656 Posts |
I've been thinking about this subject lately. I recently just picked up 50 mint sets from 75-81 at about face value. These sets will most likely all be opened and cherry picked for nice coins with the rest being spent. I've opened about 400 additional sets over the last couple of years and I know others are doing the same. I would imagine at some point these coins would begin to dry up.
Another group of sets I've been following are the 2007-10 satin sets. These sets had decent resale value until recently. I've noticed the prices of these steadily dropping below issue price and inching towards face value. If these drop around face value, I would imagine they would start to be broken up and spent. With the lower mintage on these coins that could become interesting.
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Pillar of the Community
United States
2271 Posts |
Quote:
I've been thinking about this subject lately. I recently just picked up 50 mint sets from 75-81 at about face value. These sets will most likely all be opened and cherry picked for nice coins with the rest being spent. I've opened about 400 additional sets over the last couple of years and I know others are doing the same. I would imagine at some point these coins would begin to dry up.
Another group of sets I've been following are the 2007-10 satin sets. These sets had decent resale value until recently. I've noticed the prices of these steadily dropping below issue price and inching towards face value. If these drop around face value, I would imagine they would start to be broken up and spent. With the lower mintage on these coins that could become interesting. This is the problem and is very discouraging for me; the sets are already dried up but no one knows because no one cares and there's no demand. People just aren't collecting modern clad. Perhaps they never will in the next century. In the meantime the few sets left barely have enough demand to keep them over face value. Time don't fly, it bounds and leaps.
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Valued Member
United States
125 Posts |
In most cases, mint sets and proof sets actually sell for more broken up than as a whole.
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Pillar of the Community
United States
2271 Posts |
Quote:
In most cases, mint sets and proof sets actually sell for more broken up than as a whole. Indeed. And these prices are fairly strong which simply assures that and new set coming on the market will be destroyed. Mint sets accumulate in dealer stock until they ship them off to a big wholesaler and they all get cut up. It's always been this way but there aren't nearly so many sets and shipping costs have increased. Now days the sets are worth much more dead than alive. A few sets go out the door with customers at the coin shops now days but it's still much fewer than what comes in in boxes and crates from estates. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
656 Posts |
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A few sets go out the door with customers at the coin shops now days but it's still much fewer than what comes in in boxes and crates from estates. It amazes me how many of these sets were originally sold and apparently hoarded. Here are some fun facts on 2 sets I purchased large quantities of. 1977 Mintage 2,006,869 Original Issue Price $7 Face Value $3.82 Sets I purchased approx 100 Average purchase cost per set approx $4 I purchased 100 sets for $18 above face value and $300 below issue price (57% of issue price) 1981 Mintage 2,908,145 Original Issue Price $11 Face Value $4.82 Sets I purchased approx 100 Average purchase cost per set approx $4.50 I purchased 100 sets for $32 below face value and $650 below issue price (44% of issue price) |
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Valued Member
United States
105 Posts |
My strategy is the same as iontyre's, but placing a value on coins taken directly from mint sets and proof sets has me stumped. Is there a protocol anyone can use? What MS-# or PF-# is it reasonable for the untrained to assign without suffering from delusions of unqualified expertise?
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Pillar of the Community
United States
4692 Posts |
I'm sitting on 100 2009 36-coin mint sets I bought from the mint. The mint packaging is such that you have to open up a sealed white box on each set to see the coins. So are they more valuable unopened, or is it worth while to open to see if there is anything special?
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Pillar of the Community
United States
656 Posts |
Quote:
I'm sitting on 100 2009 36-coin mint sets I bought from the mint. The mint packaging is such that you have to open up a sealed white box on each set to see the coins. So are they more valuable unopened, or is it worth while to open to see if there is anything special? I'm not sure if anyone is paying a premium for a sealed box but the set value has been rapidly declining lately. I recently picked up a set for $20 shipped. Not sure if there are any varieties, the only ones that I could think of would be dollar coins without edge lettering or the cents varieties but I don't know if these exist in the Satin version. I really like this set and it has some potential. You get the satin version of the harder to find (Note: Not Rare) circulation coins (5c,10c,territory 25c) and the Lincoln bicentennial cents are copper. |
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Posted 08/02/2014 5:03 pm
