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US Mint Sets - What Do You Guys Do?

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Pillar of the Community
United States
6326 Posts
 Posted 05/09/2008  08:18 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Many people "crack em' to put into albums........and many crack "proof sets" to put into albums too !...
For many, putting the best example of a particular coin into the album is the MOST important thing......thus the finished project is a shining offering of really nice coins and the value to the album is much higher than "uncirculated" coins (or various levels of lower grades).......so you'll get opinions on either way I'm sure........some will say crack em' and some will say to leave the sets intact.
Those who put "proof" coins in their albums will have no problem breaking an uncirc. set to do so.......and some collectors would NEVER do that because their collection is partly "U.S.Mint packaged sets"!.....So really, it boils down to your personal preference.........albums.....sets.......or both.....your choice.
Personally..IMHO...the uncirculated sets aren't going to ever carry a "huge" premium over the "issue price".....so
(But I collect them too !....and I like the idea of doing "both" !).....
Edited by eaglefoot
05/09/2008 08:21 am
Valued Member
United States
99 Posts
 Posted 05/09/2008  09:40 am  Show Profile   Bookmark this reply Add Chaotech to your friends list
I think I agree with you eagle, I have been researching historical uncirc sets and it seems they dont increase in value very much... in fact the albums your produce usually outprice the combined price of the uncirc sets hehe...
As for proofs, I wont crack a proof set...
Pillar of the Community
United States
6326 Posts
 Posted 05/09/2008  10:15 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Chaotech....
quote:
As for proofs, I wont crack a proof set...

I can't get myself to crack a "proof set" either !.....
But for those who do, including some of our Moderators, it makes for quite the showy album with a sweet price value to them I'm sure!
This is also done frequently with "slabbed & graded" coins and the PCGS stickers are kept for identification in the back of the album for records. You can put together some REALLY nice albums this way !...
However.....it wouldn't bug me too much to "crack" a Presidential dollar Proof set !......I'm souring on them and their value, the best thing to do with those proof sets might just be to "crack em' !"....could be the first one's I crack !
Edited by eaglefoot
05/09/2008 10:20 am
Valued Member
United States
317 Posts
 Posted 05/09/2008  10:50 am  Show Profile   Bookmark this reply Add Terror Of Zanarkand to your friends list
Chaotech, like everyone has told you, it really comes down to your personal preference. I've cracked my fair share of proof and mint sets in my day, but it's also good to have some intact as well. If albums or slabbing aren't important to you, then I'd keep them intact.
Valued Member
United States
177 Posts
 Posted 05/09/2008  11:26 am  Show Profile   Bookmark this reply Add BobK to your friends list
To crack or not to crack mint sets -- buy two of each, crack one of them and leave the other intact; most of them really don't cost all that much. Same goes for a lot of proof sets too.

I also am collecting mint sets; I have 1965 to date, and plan on getting the 1959-64 as well; 1959 is the first year mint sets were sold in flat packs.
Valued Member
United States
109 Posts
 Posted 05/09/2008  11:32 am  Show Profile   Bookmark this reply Add ericnh to your friends list
I don't think intact mint sets will carry much of a premium in the future. I do believe that intact proof sets will, as so many of them get cracked open. With the cheap cost of uncirculated modern coins I would think that buying duplicates, mint sets intact and uncirculated examples for your albums, would be worth it. Again it's what your preferences are.
Pillar of the Community
United States
1208 Posts
 Posted 05/09/2008  1:39 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list
Everybody crack open mint sets...
That way mine will be more valuable in mint packaging!


J/K

On the other topic, of what to collect...
I am like you, I get pre-defeated just thinking about keys.
So you have listed some easy ones in mint sets, silver proofs, and even prestige sets would be easy enough over a
reasonable time.

One thing I thought of was to pick a "subject" and collect
not one coin, but all the coins of a subject.
I like classic commem halves with ships portrayed on them.
So I was thinking 'it might be easier to collect all classic
commems with ships on them, than to collect every classic commem or even a type set'.

Something like that.
Collect a set of one type of every coin with an indian portrayed. Just for another idea. The 10 dollar gold would
be the most expensive, but you can find them in "types"
rather than zeroing in on a date.

Just some thoughts.

For coin sets, Roos dimes and Franklins don't have any
'serious' keys, do they? At least the silverRoos
anyway.
Valued Member
United States
99 Posts
 Posted 05/09/2008  6:16 pm  Show Profile   Bookmark this reply Add Chaotech to your friends list
yea I'm cracking the uncirc sets, I dont plan on cracking silver proofs... I dont want to spend $100 per year just to have 1 to crack and 1 not to crack hehe.. i'll stick with the 44.95 a year for the silver proof set and not crack it...

as for uncircs... I dont need a packaged one I probably will take the coins out and either sell the box/coa or stick it in the back of whatever album I choose to put them in if I dont make my own... lol
Valued Member
United States
130 Posts
 Posted 05/10/2008  08:01 am  Show Profile   Bookmark this reply Add MLFLY to your friends list
I don't have a problem breaking open mint sets for albums. I do buy an extra one to put away so that I have a continuous series. The only proofs I've been able to bring myself to break open are some Bald Eagle, Mt. Rushmore, and Yellowstone coins for the 7070 - I like those too much to hide away.

Reference key date coins, I'm getting close to only needing 3 Lincoln Cents - you can guess which ones. However, my wife made a big mistake by buying me a 1933D in BU condition. It sure looks shiny next to those 1909-1939 brown coins. It will bug me forever if I put it in the album next to the others and I'll have to buy more BU's. It never ends.
Valued Member
United States
336 Posts
 Posted 05/10/2008  1:30 pm  Show Profile   Bookmark this reply Add toniblab to your friends list
my set of lincolns are 1909 to date with the errors my bu set starts at 1933 d to date.i just got the 1930 s in ms 65 ngc.i buy the crack proof sets and break them down.the halfs sell good on ebay.the penny goes into my book if I need it.
Valued Member
United States
429 Posts
 Posted 05/10/2008  7:01 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list
Tough question...but I think you have your answer. I have a tough time buying a proof or mint set because I am not collecting all those coins and I could use the money on something else. But at the same time, it is nice to buy them so I feel as if I have a complete set of something. Depending on what it is I would break it open for a single coin, but that is just because I do not collect proofs or mint sets. The idea of buying two is great, but can get real expensive also. So in other words, do what you want to do and put your sets together the way you want them to be.
Moderator
Learn More...
United States
189482 Posts
 Posted 05/10/2008  7:55 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:

Quote:
As for proofs, I wont crack a proof set...
I can't get myself to crack a "proof set" either !
All of my proof sets were cracked and the contents moved the their respective Dansco albums.
Valued Member
United States
324 Posts
 Posted 05/10/2008  8:10 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list
Mint sets from the 50's and forward are just awesome. Once you get to the late 50's they are very affordable. Late 60's and on and they are downright undervalued. You get awesome well struck examples for little money.
Valued Member
United States
69 Posts
 Posted 05/11/2008  7:22 pm  Show Profile   Bookmark this reply Add small change to your friends list
You would think that with all the mint sets broken apart that their prices would move up eventually, but that may be a long time coming. I can buy the mint set cheaper than buying the individual coins sometimes so I would think that the splitting up of mint sets will continue.
Moderator
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United States
189482 Posts
 Posted 05/11/2008  7:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

It seems like mint sets in OGP are still easy to find. Their being priced lower than the individual coins will continue until that changes.
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