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take apart a mint set?

 
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Valued Member
United States
50 Posts
 Posted 07/03/2018  11:46 pm  Show Profile   Bookmark this reply Add Krazy Kermit to your friends list Get a Link to this Reply
Thanks for the advice mikem007!
Bedrock of the Community
10197 Posts
 Posted 07/03/2018  11:55 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Kermit, I just recently purchased a full set of 1968-1999 Mint sets with the purpose of replacing ALL my current coins that were in various grades for MS to XF's in one mass swoop. Now All my sets from 1964-2009 have KNOWN both MS and PF coins. Yea, some are not a high grade, but they are KNOWN mint, that counts to me.





Edited by Crazyb0
07/04/2018 12:01 am
Pillar of the Community
United States
1596 Posts
 Posted 07/04/2018  11:14 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
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
New Member
United States
34 Posts
 Posted 08/03/2018  3:20 pm  Show Profile   Bookmark this reply Add SawtoothJack to your friends list Get a Link to this Reply
I don't know how to reply to specific comments on here, or quote them. Somebody on here mentioned most modern sets being potentially worth more in pieces, excluding the 2008 and 2012 mint sets. Why are these sets worth more as a whole? (He asks, after already having taken apart both P and D 2008 mint sets around six months ago.)
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United States
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 Posted 08/03/2018  3:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I don't know how to reply to specific comments on here, or quote them.
How to Quote


If you are using the Quick Reply box...

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2. Paste the text you want to quote

3. Then type [/quote]



If you are using the Reply to Topic link...
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So this...

[quote]Quoted Text[/quote]

Looks like this...

Quote:
Quoted Text
New Member
United States
34 Posts
 Posted 08/04/2018  02:00 am  Show Profile   Bookmark this reply Add SawtoothJack to your friends list Get a Link to this Reply

Quote:
Cool. Thanks.
Pillar of the Community
United States
1596 Posts
 Posted 08/04/2018  09:25 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
I don't know how to reply to specific comments on here, or quote them. Somebody on here mentioned most modern sets being potentially worth more in pieces, excluding the 2008 and 2012 mint sets. Why are these sets worth more as a whole? (He asks, after already having taken apart both P and D 2008 mint sets around six months ago.)


The wholesale price of the coins in a mint set can be far higher than the total value of a given mint set. The primary reason for this is the reluctance of many collectors to cut up sets for the coins they need. They buy individual coins rather than complete sets.

In some cases there are secondary reasons as well. Some to many coins in a specific case are not sufficient quality to sell as BU so more sets are required to build rolls. The '76 TI Ike in the '75 set is a case in point.
Time don't fly, it bounds and leaps.
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