Mint Sets Are Too Cheap - Page 3 - Coin Community Forum

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TypesetsbyJ Valued Member United States 125 Posts	Posted 10/02/2014 11:27 pm In most cases, mint sets and proof sets actually sell for more broken up than as a whole. Report this Post to the Staff
cladking Pillar of the Community United States 2271 Posts	Posted 10/03/2014 10:08 am 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. Report this Post to the Staff
AlbumAccumulator Pillar of the Community United States 656 Posts	Posted 10/03/2014 11:48 am Quote: 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) Report this Post to the Staff
Buffalow Valued Member United States 105 Posts	Posted 10/13/2014 8:09 pm 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? Report this Post to the Staff
jimbucks Pillar of the Community United States 4692 Posts	Posted 10/13/2014 9:02 pm 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? Report this Post to the Staff
AlbumAccumulator Pillar of the Community United States 656 Posts	Posted 10/14/2014 09:06 am 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. Report this Post to the Staff
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