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My Continued Dilemma Breaking Open Proof/Mint Sets For Album

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Bedrock of the Community
Australia
21788 Posts
 Posted 11/29/2010  01:36 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Dealers break mint and uncirculated sets all the time so they can sell the coins individually for a greater amount. Very often, a customer will want a year that was not released for circulation, but was produced in a mint set. The customer is happy; he gets an uncirculated example of a scarce coin.

This is a fairly common occurrence with Australian coins
Pillar of the Community
United States
3283 Posts
 Posted 11/29/2010  02:51 am  Show Profile   Bookmark this reply Add upstate to your friends list
I won't crack them; although they're probably worth more individually.
I'm not in it for the money, so I don't care. They were meant to be in a set.
I don't own any albums that require proofs.
I do love proof sets and have quite a few. I don't understand why they're so cheap,
but again I don't care... well maybe a little. How can a proof set purchased 30 years
ago be worth less than it cost originally?
I guess if people keep cracking them open prices will rise for the sets.
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United States
189673 Posts
 Posted 11/29/2010  3:27 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Where's jbuck when we need him?

That guy's cracked open everything but a Lincoln Coin & Chronicles Set.


I also have three intact Prestige Proof Sets that I did not crack open (gifts from my mother). Everything else lives in a Dansco album now.
Pillar of the Community
United States
6326 Posts
 Posted 11/29/2010  3:43 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list

Quote:
That guy's cracked open everything but a Lincoln Coin & Chronicles Set.




Yes he has ! ......



johnstac.....
Once upon a time.......I had the exact same "dilemma"..... in fact I think most of us have !
For the most part, "my" way of dealing with this, has just been to purchase "two" of the things I want. One to "crack" and one to "keep".
This way, all of my albums will stay current, and I can still keep any Proof, Silver Proof, or Uncirculated Sets that I want in their original O.G.P.'s. (and years from now, I could still choose to crack those too, if I wish !)
This is my "Ultra Modern" collecting theory. With the "regular Moderns", like the year you mentioned, I just went down to the coin shop and bought everything I could in the old Sets and went to crackin' them like a madman ! It was very exhilarating I must say ! Kind of like "lettin' the badger out of the cage", so to speak ! Man ! I REALLY went to town on them !
So that "broke me" of any reservations I may have previously held about "how purty" they looked remaining in their O.G.P.'s.
THEY LOOK MUCH PURTIER IN MY DANSCO'S ! ......
Edited by eaglefoot
11/29/2010 3:44 pm
Pillar of the Community
United States
797 Posts
 Posted 11/29/2010  3:56 pm  Show Profile   Bookmark this reply Add spaceace to your friends list
I usually don't collect proofs. I get the Danscos with P/D only that way I only have to occasionally break a mint set and don't have to worry about breaking proof sets. I do have some proof sets (and I like the way proof sets look as a set) and get some proof coins but I don't have any Danscos with proofs.
New Member
United States
5 Posts
 Posted 11/29/2010  4:05 pm  Show Profile   Bookmark this reply Add SoaringEagle to your friends list
I am another one that does not worry about cracking sets. If I have a hole, crack it out! :)
Valued Member
United States
327 Posts
 Posted 11/29/2010  4:59 pm  Show Profile   Bookmark this reply Add johnstac to your friends list
Well, I just about cried opening that proof set the other night. I guess there is no convincing me otherwise. I would sooner sell my dansco p/d/s and get p/d, which is probably what I will do anyway. Was just hoping that I could get over it. Even when my kids are looking through the collection, they never comment when looking at an album full of Lincolns but show them a proof set from any year and they will grab it and check it out, flip it over and look at the back. Know what I mean?
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United States
2541 Posts
 Posted 12/01/2010  11:27 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
So many of these sets aren't worth anything (especially 70s and 80s before they started putting out silver sets again) so I wouldn't have a problem doing it!
Bedrock of the Community
United States
20753 Posts
 Posted 12/01/2010  11:45 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
Dealers break mint and uncirculated sets all the time so they can sell the coins individually for a greater amount. Very often, a customer will want a year that was not released for circulation, but was produced in a mint set. The customer is happy; he gets an uncirculated example of a scarce coin.

This is a fairly common occurrence with Australian coins


At a coin show here there is an elderly couple that sells primarily individual proof and Uncirculated coins in 2x2's. Got to talking to them as to where they get them. They order many, many sets each year and break them all open, replace each in a 2x2 and sell at coin shows. Both retired and this is their primary income now. They do have a few other coins and even some jewlery but their primary item is those proof and uncirs. Their table is one of the buisiest onese at the show too.
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United States
189673 Posts
 Posted 12/01/2010  3:15 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
It will always be like that because most people only collect one series and do not need the other coins in the proof set. It is much easier to pay more for the one coin, than it is to worry about selling the unwanted ones.
Pillar of the Community
United States
593 Posts
 Posted 04/21/2012  2:44 pm  Show Profile   Bookmark this reply Add larsdog to your friends list
I don't know if I'm the only one, but I collect mint and proof sets from 1968 to present. From 1959 to 1964 I just collect the P&D uncirculated sets since there is no "S" mint mark on the proof sets before '68. To make things as complete as possible, I also include the Special Mint Sets from '65 to '67 and the Souvenir Sets from P&D in '82 and '83. That is the only way I collect moderns.

Prior to 1959 I collect small cents only in Dansco albums. That provides me with an interesting and challenging area to collect that only has a few big dollar items, and 1958 is a good ending date for pennies since that was the last Wheat penny. I also like the fact that the small cents go back to 1857, which is close to the beginning of my stamp collection which is my primary hobby.

I want to keep the mint sets intact, so I looked for a way to display the intact sets. I found some albums made by Eagle that hold uncirculated mint sets and proof sets. So far, so good, but I still don't know how I'm supposed to display the Special Mint Sets from '66 and '67. I sent the manufacturer an email asking about it, but haven't heard back yet.

I see that Dansco now has a mint set album, but I didn't see a proof set album.

Pillar of the Community
United States
3283 Posts
 Posted 04/22/2012  10:35 am  Show Profile   Bookmark this reply Add upstate to your friends list
I'm with you in that my proof sets are my modern collection.
State Quarters, Sacagawea and Presidential dollars as well as clads and memorial cents
that I otherwise would not collect. I do keep my Kennedy Dansco up to date though.
Pillar of the Community
United States
593 Posts
 Posted 04/22/2012  4:06 pm  Show Profile   Bookmark this reply Add larsdog to your friends list
If I collect mint and proof sets from 1959 forward, there are still some things missing.

I know there are no mint OR proof sets in 1965, 66, or 67. It appears that nothing was made with a mint mark, so I need just one set. The Special Mint Sets issued in those years work, but the shape of the 66 and 67 sets is a problem for my proof set albums. The 65 set will fit in a mint set slot. Are there any other options for uncirculated 66-67 sets?

I also know that I can get the 82 and 83 Souvenir Sets from the Philadelphia and Denver Mints to fill in for the missing uncirculated sets.

The 1996W dime is supposed to come with the 96 mint set. I see there is a separate 1776-1976 3 piece mint set and proof set. There are notations that the dollars are missing from the 71, 72, and 99 mint sets. I saw a set of 99 SBA dollars to cover the P & D coins and the Red Book doesn't list a 1999S SBA dollar so that takes care of 99, I think.

For the 71 and 72 Ikes, I've seen something called "Blue Ikes", but they appear to be the 40% silver versions with an S mint mark that should be in the proof sets? Any suggestions?

Am I missing anything else that isn't an error, type variety, commemorative of bullion?

Pillar of the Community
Australia
7096 Posts
 Posted 04/22/2012  4:23 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list
I have no worries whatsoever about opening mint/proof sets
I buy these for the coins not the wrapping.
On the rare occasion I buy a TPG slab I will always crack these open.
To me it's all about the coin not the packaging.
If you want to view coins through plastic/glass leave them at the shop and see them through the window
I have found in Aus that the only way to get pristine decimal coins is to buy the sets and open them up for your collections.
Also a large number of Aussie decimals are only available in mint sets anyway.
For me a box cutter is as important as my Lupe
Pillar of the Community
United States
9796 Posts
 Posted 04/22/2012  5:36 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
Someday the government holder sets will probably be worth money intact!

I remember one time at the shop I worked at when we broke up 1000 sets from the 80's I've heard lots of stories of the same thing from other dealers, makes you wonder just how many sets are left in original holders today? half or even less I'd guess.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
04/22/2012 5:37 pm
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