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 Replies: 17 / Views: 3,944 |
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Pillar of the Community
United States
1300 Posts |
I am always searching for unopened mint sets. How much of a premium should the opportunity to see coins for the first time would you pay? 5 over greysheet maybe ten? I seem to be a maniac on these sometimes. I've come up with a formula. Ten dollars for proofs and 5 for mint sets.
Isince this is the most amazing hobby ever.andthe old adage of a coin is only worth what someone will pay, I kinda live by that I cannot say no to certain years/sets worst I have ever done was20 bucks over value. Thoughts anyone? I'm going on the idea of check yourself before you wreck yourself
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Pillar of the Community
 United States
4589 Posts |
What's the most you could gain as the upside and what's the chance of that.
If it's a 1955 proof and you know 1 in 10m has a 1955 double die and that in MS65 or better could be worth 5K (these are just #s, I have no actual idea of frequency or value), then the incremental value of that is 5000/10000000 or $0.0005...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
12437 Posts |
Unless the set is in a sealed shipping box sent directly from the Mint, "unopened" is a bit of a misnomer because the Mint never actually sealed the envelopes. The envelopes would only be sealed from one of two possibilities- a previous owner sealed it or the ambient humidity was so high in storage that the glue sealed itself.
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Pillar of the Community
United States
2543 Posts |
Schrodingers Cat
I could never understand my buddies buying a new box of baseball cards every year, and just putting th on a shelf.. Thousands of dollars worth of cards in a sealed, cellophane wrapped boxes that just sit on shelves. Is that collecting ?
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Pillar of the Community
 United States
1300 Posts |
I agree and yes I probably fall into the fool and his money are soon parted..
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Pillar of the Community
United States
2270 Posts |
I like the unopened mint set bags and boxes from 1968 through the '80's. I'm not sure they're worth a big premium but being the first to see the coins is of some value to me. Most of these sets aren't picked over too badly but you can't find something like an unattributed 1970-S sm dt any longer except in the sealed containers. PL's are also getting a little more difficult.
I tend to just compute the premium and add a little to that to arrive at the most I'll pay. I usually get outbid on the higher premium packages.
Time don't fly, it bounds and leaps.
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Moderator
 United States
187792 Posts |
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Thousands of dollars worth of cards in a sealed, cellophane wrapped boxes that just sit on shelves. Is that collecting ? No.  |
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Bedrock of the Community
13014 Posts |
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I could never understand my buddies buying a new box of baseball cards every year, and just putting th on a shelf.. Thousands of dollars worth of cards in a sealed, cellophane wrapped boxes that just sit on shelves. Is that collecting ? It actually isn't a bad plan for baseball cards with how hard they are to keep pristine. Instead of gambling on which ones will be worth it you can wait a while and know whose panned out when you open it. Someone opening a 2003 box with a Miguel Cabrera rookie card in there has a nice find right now. Then again the cards market got so watered down that its very specific for which ones it needs to be |
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Moderator
United States
187792 Posts |
I do not know baseball cards, but I trust what basebal21 says is correct because it does make sense, more so than it does for coins (even though cladking has a good point as well). It is not anything I would care to do, but I appreciate the opportunity to see it another way.
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Pillar of the Community
United States
3755 Posts |
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the Mint never actually sealed the envelopes. And that is an eternal argument. I remember my dads mint sets came to him sealed. All of them. I have seen original boxes opened that have every set sealed. All with no evidence of having been exposed to humidity enough to actually accomplish causing the gum to seal. That amount of humidity would certainly affect the envelope as well. That aside. The difference here between the baseball cards and coins is this. Way too many of the coins back then had milk spots and other things going on for me to want to buy them sight unseen. UNLESS I was there when one of those original shipping boxes was opened. That would be the only way I could reasonably believe that the sets had never been gone through. Then I may pay a slight premium. |
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Bedrock of the Community
13014 Posts |
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I do not know baseball cards, but I trust what basebal21 says is correct because it does make sense, more so than it does for coins (even though cladking has a good point as well). I definitely wouldnt do it with coins with how they come in mint sets. You could apply the same logic, but we all know they wouldnt store anywhere near as well as cards do. Im much to curious/inpatient to leave them like that for enough time to appreciate anyway. I cant even leave things in mint sets much less sealed up never seeing it. |
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Moderator
United States
187792 Posts |
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I cant even leave things in mint sets much less sealed up never seeing it. Yes.  |
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Pillar of the Community
United States
3755 Posts |
Hmmm. I should drop a mint set in acrylic and let it set in there then send it to basebal. |
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Moderator
United States
23522 Posts |
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Hmmm. I should drop a mint set in acrylic and let it set in there then send it to basebal. Nothing a bandsaw can't handle. |
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Bedrock of the Community
United States
17884 Posts |
Yeah but it would great to have pictures of him busting it out.
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Bedrock of the Community
13014 Posts |
Well I dont have a bandsaw which would make it all the more entertaining. Theres a good chance it would end in me shooting the case off at the range if other methods failed  |
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Replies: 17 / Views: 3,944 |
Posted 12/09/2013 5:57 pm
