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Replies: 16 / Views: 6,146 |
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New Member
United States
17 Posts |
I've seen a lot of auctions on ebay of coins that come from broken up Mint Sets (1970 Kennedy half for example). I was just wondering what everyones opinion was about breaking up mint sets? Is it a good idea, bad idea, doesn't matter much? Also does anyone here buy mint sets with the intention of breaking them up?
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Bedrock of the Community
United States
19931 Posts |
I've broken up a couple because there was specific coins I wanted for my collection. I wouldn't hesitate to do it again. Of course, it also depends on the set...I would never do it to one that's more valuable.
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Valued Member
United States
189 Posts |
I break the up to put in my Dansco albums.
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Bedrock of the Community
United States
14454 Posts |
I have broken them up myself also and I really have no reservations of breaking up a set unless it is some kind of SMS or something (which was their form of proof sets because there had no proof sets for those years)but even I have broken them up, I have a 64 or 65 (don't remember which) SMS kenedy in my dansco I cut out of a special mint set
Edited by Bryan1315 10/11/2007 7:21 pm
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Valued Member
United States
206 Posts |
I don't believe in breaking open mint sets. Those coins are together as a set. And when you seperate them, it is obviously not a set any longer. Why would you pay a premium on modern mint sets, when you can just buy BU rolls from the bank? Leave the coins in the OGP (origional government packaging) it will be worth more that way.
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Valued Member
United States
266 Posts |
I buy a mint set, a proof set, and a silver proof set each year from the mint, to break up and put into my Dansco album. I am the type of person that likes to see the set together in the album. I also buy 2 each of the proof, and silver proof to save.
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Pillar of the Community
United States
1151 Posts |
I too break up mint, proof and silver proof sets for certain coins to put into my Dansco's. Some coins like the 1970D Kennedy was only available in a mint set.
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Pillar of the Community
United States
2269 Posts |
I usually don't break up mint sets. Only once I broke up a mint set for a Roosevelt dime. Unless I need or want a particular coin, I leave the sets alone.
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Rest in Peace
United States
3730 Posts |
I normally wouldn't, but recently I needed a 1996 Rosevelt W Dime, so broke that one up.
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Pillar of the Community
United States
1952 Posts |
I buy both mint and proof sets fully intending to break them out. I have a few that are still complete but only because they are the key dates like the 04 mint and 01 proof I will sale them sooner or later but the rest get broke. I buy 3 sets of each every year one to hold on to one to sale later or trade and one to break open saves big money on my books I get every coin so every book gets at least 2 coins a year. try to buy the coins separate you will loose your mind Gary
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Valued Member
United States
470 Posts |
I buy mint sets and proof sets weekly for the purpose of breaking them up. Slowly, I'll get to all of them so those of you saving them in their pristine Govt packaging, can thank me later....lol.
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Pillar of the Community
United States
2270 Posts |
Mint sets not only contain the best examples of most of the circulating coins but in many cases they are the only or nearly the only examples. Where else can you get a 1973 Ike or an unc 1969 quarter?
If you buy one of these coins elsewhere you'll not only pay more for probably lesser quality but you'll cause another mint set to be cut up.
A lot of people want to display their denominational sets together. This means a lot of mint sets get busted up. Generally the mint sets are worth MORE after you disassemble them but be careful since you'll lose a lot of money on a few dates like the '95, '97, and most of the '99 and later.
Time don't fly, it bounds and leaps.
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Pillar of the Community
Australia
3831 Posts |
Yes, thanks to people who break out such mintsets, original mintsets can be very expensive. For example some of the recent Soviet mint sets have gone to nightmare prices which you can take a look at the recent research that I have done: http://www.gxseries.com/numis/sovie...ovietset.htmFor example, the craziest price paid for a typical plastic cellophane 1970 mintset which isn't in the best condition went over 650usd whereas there was one set removed from the set which sold under 200usd. Will be nightmare to do a Dansco version of this - I swear. And good grief, these aren't even proof or anything, just UNC or proof-like at best. There have been various stories of how people actually broke up such sets just because it wasn't commonly found in circulation, now the original mintsets prove to be very difficult to find.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month.
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Bedrock of the Community
United States
20753 Posts |
The idea that whole Mint or even Proof sets are more valuable as an original set is basically not true. Many, many dealers do it all the time and sell each coin separately. I too break up many proof and Uncirc sets for Albums. For example in a Whitman Cent (Penny) Album there are slots for Proofs and to buy them from a dealer is expensive to say the least. The reason dealers do this is that the prices of the parts always exceeds the price of the whole. Sort of like a car. You take an old, beat up, pile of junk of a car to a junk yard and get about $50 for it. Now someone else needs your old car's steering wheel, $20. Someone else needs the inside door and window nobs, $30. This goes on until your old car has been sold for thousands of dollars and what is left goes to the steel mills and more income for metal. This is the facts of a coin set from the Mint. Each coin sells for so much that the end results is about 75% profit or more.
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Pillar of the Community
United States
7123 Posts |
Most proof and mint sets have a life expectancy of about 3 minutes once I get my hands on them .
OGP is a joke ,, they take no pride in what they use or how the coins are packaged ,, the mylar film is far from airtite ,and the envelopes are absolutely not stable ,, I have seen so many of the older sets in envelopes that have all but disintegrated even the proof sets have junk floating around inside them.
Want your coins to stay beautiful then they need to be stored in a superior quality capsule like airtites .
Metalman
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Bedrock of the Community
United States
62064 Posts |
I bought one year of mint sets and never broke them. I was disappointed in that I could get better coins in OBW rolls. So I only have them for one year. But that year is a good one to have according to the " Red Book" prices. Didn't realize the price had risen on that year mint sets/proof sets/silver sets.
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Replies: 16 / Views: 6,146 |