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 Replies: 27 / Views: 5,630 |
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Valued Member
United States
405 Posts |
I break open quite a few, so that got me to thinking that are these sets that seem so common becoming more and more rare?
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Pillar of the Community
2087 Posts |
I have to ask. Why do you break them open?
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Valued Member
 United States
405 Posts |
To fill holes in albums and re-sell the rest. I have a full run of proof sets and when I get a duplicate I check for cameos and grade to see if I can upgrade. If not, I break it open and re-sell the coins individually for a profit.
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Pillar of the Community
2087 Posts |
OK not something I would do ...but as they say each to their own. and we are only talking about NCLT( or effectively NCLT). Actually I know of one proof set, New Zealand 1935, where people did the same. To begin with the sets were rare. Some people did brake the sets down......problem is a set is now worth up to US$16000.00, and the set is worth more in the box( there were two types) it was issued in. Silly thing is some people today will send the set off to a TPG loose the box and think they have done well when in actuality they may have shaved as much as US$5000 off the total value of the set. That story relates to a low mintage set.....I think if you are talking about high mintage sets then its unlikely your actions,and those of others, are going to turn them into rarities. Edit: talking about New Zealand. As New Zealand doesn't have its own mint Collectable coin production is tendered out to the lowest bidder each year( there have been some shockers!). It is not uncommon to find one company producing the circulation coins and another the collectable. Each year some NZ collectors compare circulation to collectable and will work out how to tell them apart....as a result for NZ collectable sets breaking them down may not be so lucrative as people can identify that a coin should have been in a set. Edited by austrokiwi
09/18/2013 02:02 am
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Moderator
 United States
188130 Posts |
I broke apart all of my proof sets in 1993 and have been breaking them apart ever since.  I put the coins in my Dansco albums. |
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Bedrock of the Community
United States
20753 Posts |
Every year I order lots of Proof and Uncird sets from the Mint. About 10 or more are used as Christmas presents. All the rest are broken open for Albums. I've found a long time ago to buy each coin separately from dealers to put in Albums costs about ten times more than doing it myself.
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Rest in Peace
United States
10625 Posts |
All of mine will be cracked and placed in my Dansco albums when I get the last quarter album I need. Same for all the mint sets btw.
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Pillar of the Community
United States
7189 Posts |
I made a decision long ago to not collect modern clad coins. I do order a silver proof set each year and have a full run of them. So with this I have no need to crack them out as I have no albums to transfer them to with one exception; I cut up a bicentennial uncurculated set for my 7070.
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Pillar of the Community
United States
1590 Posts |
I think that the rare sets are going to be the Franklin and 1964 Kennedy proof sets. So many of these have been cut up for the silver and melted that what was a common issue will soon be fairly rare. I think especially the 64 set. I'm a dealer and I just realized that I don't have a set of 64s; though I do have a decent supply of Franklin Proof sets. The 64 set was especially cut up, with the perception of no value. And just for my own curiousity, I checked ebay, there are less than 300 proof sets for sale right now. That is a pretty low number. In fact I'm seeing low numbers for most proof sets. hmmmmmm |
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Pillar of the Community
United States
4867 Posts |
Actually I am getting a mint set run today of 1990-1998 that I bought on ebay and I will be busting them open. |
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Pillar of the Community
United States
919 Posts |
I have not broken a single one open. My hope is all of you do and they will be hard to find at some point.
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Pillar of the Community
Canada
607 Posts |
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Pillar of the Community
United States
919 Posts |
I see guys breaking 1960-64 sets 20 at a time building BU rolls of Franklin and Kennedy half dollars. Please keep breaking them open. |
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Pillar of the Community
United States
2734 Posts |
Generally, I stick to OGP (ie: all my Silver Proof Sets 1992-date). However, I just assembled another Dansco 7146 filled with cracked-out 1999 to 2009 Clad Proof Quarters Sets. This one will be a Christmas gift. My first Clad Proof 7146 cost me $63 total, and this gift one was $82 total. This time around, I bought the Sets individually, and the only Set I had to pay over $10 for was the 2008. Of course, I want to do a Silver Proof 7146 in the future, and I'll buy broken-out coins for that one. Unopened 1960-64 Proof Sets are undervalued. Funny thing is, everyone treated the 2008 and 2012 Sets as common, crackable items until their sudden sellouts, then "wham"! |
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Bedrock of the Community
United Kingdom
17918 Posts |
I've never broken open a proof set, but I do have a duplicate 1970 UK proof set that I intended to break open so I could display the coins in an album. However, the album I ultimately purchased has no holes for 1970 coins so there was no need to break open the set.
In 1993 I found a 1992 UK specimen (Unc) set with damaged packaging in a sale bin at my local main post office. As it was only slightly over face value and included several NIFC coins, I bought the set, split it up and put the coins in my albums.
In 2002 I saw a French 1982 FDC set (BU rather than proof) in a coin shop in Lille, France. The packaging was very tatty and the price was quite cheap. I bought it and transferred the coins to my main collection. However, the silver 100-franc coin in the set was badly tarnished and in worse condition than the one I already had, so I changed it in a bank for the equivalent face value in euros.
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Bedrock of the Community
United States
11951 Posts |
Hundreds of sets over the past year or so.
And some of those coins went to the bank.
Of course a lot of the coins went into my Dansco's ...and if they looked really good
I saved them as extra's.
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Replies: 27 / Views: 5,630 |
Posted 09/18/2013 01:06 am
