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Replies: 32 / Views: 2,163 |
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Bedrock of the Community
 United States
10492 Posts |
Quote: . A great number of the coins have ended up being recycled or tarnished and then lost in circulation. Time has ground these coins down quite a lot by many different processes. Can you explain what "processes" have "ground" the coins down? I went and looked at SMS's on ebay and I see no examples of coins in the OGP that are anything but nice looking.
Edited by Marv65 11/10/2025 3:56 pm
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Pillar of the Community
United States
2270 Posts |
Quote:Can you explain what "processes" have "ground" the coins down? I went and looked at SMS's on ebay and I see no examples of coins in the OGP that are anything but nice looking. Loss, attrition, and degradation caused by their lack of substantial value. These sets were tossed into furnaces whole in 1980 and the base metal skimmed off. Sets are simply consumed for many purposes. Light haze can be hidden by photography and many sets have been cleaned since the price went up in 2020. The iceberg melts from the bottom up.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
 United States
10492 Posts |
Quote: These sets were tossed into furnaces whole in 1980 and the base metal skimmed off. Sets are simply consumed for many purposes. Light haze can be hidden by photography and many sets have been cleaned since the price went up in 2020. Well the ones "tossed into furnaces" won't need to be worried about anymore. Light haze can be taken care of with an acetone soak. And if the sets are selling today for around 10$ they can't have gone up in cost that much. It seems you just don't like them for some reason.
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Bedrock of the Community
United States
19935 Posts |
I absolutely LOVE SMS! I check everyone I find at shows or shops for interesting Lincolns or toned coins. Found some beauties over the years, for $10 - solid purchase you have!
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Bedrock of the Community
United States
19935 Posts |
Quote: Light haze can be hidden by photography and many sets have been cleaned All the ones on ebay have been thoroughly checked by multiple collectors at this point. IMO, they are exactly that, the lower end of the spectrum. You MAY get lucky with the right seller, but I doubt it. I would never buy one of these from pictures. The all look good at arms length. But when you get in close, you see just how crappy or simply uninteresting they can be. I've passed on 100x more than I've purchased.
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Bedrock of the Community
United States
19935 Posts |
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad 11/10/2025 7:46 pm
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Bedrock of the Community
United States
19935 Posts |
Edited by BadThad 11/10/2025 7:50 pm
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Pillar of the Community
United States
2270 Posts |
Quote: Well the ones "tossed into furnaces" won't need to be worried about anymore. Light haze can be taken care of with an acetone soak. And if the sets are selling today for around 10$ they can't have gone up in cost that much. It seems you just don't like them for some reason. I like the sms's a lot. I just love about 3% of the coins in them. There are all manner of interesting coins from 1967 toned cents with hammered strikes to heavily frosted 1965 cents. You name it you can find it. I like just regular SMS coins as well because they are high quality and not always distinguishable from BU. What I don't like are the 20% that are ruined or the 60% that are gone forever. I don't like the clunkers. People are going to be surprised when they start collecting these. There are all different and made by many different processes. You need four or five of each coin just to have one of each major type. SMS are the greatest proof coins in the world to this mint set collector.
Time don't fly, it bounds and leaps.
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Pillar of the Community
 United States
4589 Posts |
I find the whole concept humorous.
The mint was so busy blaming coin collectors for all the problems caused by coin shortages, while ignoring the market forces that were actually driving it, that it stopped making mint and proof sets. Then the very market force that they were denying existed, and the money they were leaving on the table forced them to create a replacement.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Bedrock of the Community
United States
19935 Posts |
Quote: I like just regular SMS coins as well because they are high quality and not always distinguishable from BU. And there in lies my sole beef with them. I've seen SMS coins in MS holders quite a few times. Apparently, not even the TPG's can tell them apart on occasion. I've also seen dealers crack them and try to pass them off as gem MS. 
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad 11/10/2025 11:22 pm
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Pillar of the Community
United States
2270 Posts |
Quote:And there in lies my sole beef with them. I've seen SMS coins in MS holders quite a few times. Apparently, not even the TPG's can tell them apart on occasion. I've also seen dealers crack them and try to pass them off as gem MS. I knew pretty early on this might be a problem. There are oddball coins made for circulation that are non-typical and Gem. How could these be distinguished from the different types of Gems made for the the SMS's? I put far less effort into seeking and setting aside nice Unc coins of these years in part for this reason. That they were exceedingly scarce certainly affected the equation as well. Over the years I've found a few dozen SMS issues that could be mistaken for BU and some that can be mistaken for proofs. I've seen a few that probably are technically proof. The '67 quarter roll is by far the toughest coin to locate in these years. While this coin is better made than earlier dates it's elusive anyway especially in nice chBU because many many early BU clads were put back in circulation by people who just kept saving new coins every year despite the change in metal content. There weren't many but $10 was a lot of money in those days so people lightened what they had saved. Apparently they tended to save the first clads and spent the few '67 quarters they had set aside. Ironically someone had quite a few '67 sets and wanted the quarters so they swapped BU roll coins, now much more scarce and valuable, into the sets. He used some fairly nice coins but they obviously aren't SMS. I paid little mind to the SMS until the late-'70's. I knew there were special coins in them but the only special ones I knew were too scarce to bother seeking. I suppose mint sets were getting few enough in number I had a little time left over when I was searching dealer inventory so started looking at the SMS last. By the '90's I was looking at them first.
Time don't fly, it bounds and leaps.
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Moderator
 United States
187862 Posts |
This discussing has been interesting.  Thank you for sharing your examples, BadThad! 
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Moderator
 United States
95200 Posts |
nice examples Thad. 
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Valued Member
United States
335 Posts |
I spent plenty on a few sets and later found them nice and still are, but in generic plastic.
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Pillar of the Community
 United States
4589 Posts |
Quote: I've seen a few that probably are technically proof. They can't be since proofs were not struck. But coins like that do go to show the spectrum of what can occur with fresh dies and good luck in handling!
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Replies: 32 / Views: 2,163 |