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Posted 07/04/2018 11:14 am
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Here is a link to PCGS article on destruction of mint sets which is an interesting read. From my personal experience, 80% of what I'm finding inside these mint sets that I recently cut up are horrible and wouldn't grade much much better than MS64. I keep reminding myself that the mint bagged and shipped these coins to a location where packaging was done. Before these coins actually made it into a mint set, they had a rough life in shipping.
https://www.PCGS.com/news/Destructi...f-Mint-Sets/
Here is a link to PCGS article on destruction of mint sets which is an interesting read. From my personal experience, 80% of what I'm finding inside these mint sets that I recently cut up are horrible and wouldn't grade much much better than MS64. I keep reminding myself that the mint bagged and shipped these coins to a location where packaging was done. Before these coins actually made it into a mint set, they had a rough life in shipping.
https://www.PCGS.com/news/Destructi...f-Mint-Sets/
Thank you very much for the link. I try to read every article by Morgan and Walker but somehow missed this one!
Collectors just don't realize how scarce nice attractive moderns really are. They believe these mint sets will give up millions of nice collectible specimens but the reality is some dates like the 1969 are already getting scarce due to the destruction and most 1969 mint sets that survive have tarnished Philly quarters. When you add in the fact that only about 8% of mint sets had nice quarters the day they left the mint you can see these are already scarce but collectors are still sleeping.
And when I say "nice" I'm not talking about Gems here. Just attractive BU coins that look shiny and don't have a weak strike and chicken scratches. I'm talking what we used to call "BU" and is now "MS-63". Most of the rest are just ugly with bad strikes.
There were almost no rolls of these set aside! People imagine rolls and bags but I've been looking since 1972 and have never actually seen an original BU roll of 1969 clad quarters! But I know if I did see one what it would look like because I've seen lots of '69's; they would all be junk. The best '69's are the coins in mint sets.
There are other dates just as tough or tougher but people aren't collecting them so they are low priced. You can find them at all only because they aren't being collected.
It's not only quarters either. Every denomination has keys but most keys in chBU are quarters. In Gem Ikes have the most keys. In high grade Gem nickels have the most. In MS-60 quarters win again. The "easiest" set in Gem are the dimes but there are some significant keys in this set as well.
Time don't fly, it bounds and leaps.
Edited by cladking
07/04/2018 11:17 am
07/04/2018 11:17 am
