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 Replies: 11 / Views: 2,026 |
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Pillar of the Community
United States
898 Posts |
When were they first made? Do post 1964 sets include silver? What, if any, sort of premium do they command (obviously older is worth more).
Anything else that would be worth knowing about them. Do people ever buy them and cut them open to put in their Dansco's for example?
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Pillar of the Community
United States
1158 Posts |
Generally mint sets are the standard circulating coins, so not silver anymore. Although 1965-1970 sets would include a 40% silver Kennedy. There are silver proof sets, though, where the quarters, half-dollar and dime are struck in 90 percent silver. As far as opening them, yes, that happens all the time. Many mint sets are worth more as individual coins that all together. You can find lots of individual coins on ebay where they've cut the coin out of the mint set and it still has a portion of the packaging. Like this one for example: http://www.ebay.com/itm/1973-P-D-BO...em259279ecbdEdited by tkbslc
07/25/2014 03:35 am
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Bedrock of the Community
United States
17884 Posts |
Mint sets began in 1947. From 1947 to 1958 they were double sets with two coins of each denomination from each mint in a cardboard holder.
From 1959 to 1964 they had one coin from each mint for each denomination in pliofilm similar to the proof sets.
1965 was the first year of the Special Mint Sets and had one coin of each denomination is a pliofilm holder.
1966 and 67 were one coin of each denomination in a hard plastic holder similar to a Whitman five coin holder.
1968 to 1981 went back to the pliofilm like the 59 - 64 holders.
No sets were made in 82 and 83.
1984 the pliofilm sets returned until I think 2008 whn they went to a plaistic "blister pack" type holder.
Edited by Conder101
07/25/2014 10:01 am
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Pillar of the Community
United States
4212 Posts |
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Pillar of the Community
United States
2270 Posts |
Since 1965 mint set coins have been specially made on numismatic presses and struck at higher tonnage and lower speeds by new dies. They are indistinguisable from regular issue coins except they tend to be far higher quality than roll coins.
Most of these sets have been destroyed over the years because almost no demand exists for them so dealers cut them up and use them as change. They are also the raw material for most of the denomination sets sold by wholesalers and shop at home TV dealers.
Before 1965 it appears the mint merely selected nicer press runs for inclusion in mint sets but it's difficult to say if there was anything else involved or not. Pre-'65 sets do tend to have nicer coins than rolls but the differences aren't as great.
Time don't fly, it bounds and leaps.
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Valued Member
United States
269 Posts |
I'm currently building Uncirculated sets of all current denominations using mint sets as my sources. I'm very frustrated by the lack of sets for 1982 and 1983, and the SMS sets of 1965-67 and 2005-2010. I just want the regular business strikes in BU. The mint sets do produce nice specimens...
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Pillar of the Community
United States
2270 Posts |
Quote:
I'm currently building Uncirculated sets of all current denominations using mint sets as my sources. I'm very frustrated by the lack of sets for 1982 and 1983, and the SMS sets of 1965-67 and 2005-2010. I just want the regular business strikes in BU. The mint sets do produce nice specimens... Mint set quality coins from these dates, especially the '65-'83, can be incredoibly elusive. You can find SMS coins that look a lot like regular business strikes with a lot of effort and there are a few regular issues that are nice. I think the toughest is the '82-P quarter. Finding these with the luster and good die condition like mint set coins is tough enough but to also have a strong well centered strike is almost impossible. I believe the 2005 to 2010 coins will be out there and it will just take a little demand for them to surface. I latched onto several rolls of the WY D mint Gems myself and would sell them in a better market. Since 1999 people have been watching the mint and demanding better quality and they've been providing it. People are also setting aside more coins now. All of the post-'99 Gems won't be easy but I doubt they'll be too many extremely tough coins. We'll see. Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
20753 Posts |
One of the more handy and informative thing about the Whitman Red Book. Starting on page 347 to 354 there is a list of all the Proof and Uncirc sets produced by the USMint. Those pages give quantity minted, original issue price and approximate current value. Naturally the main problem about any such listing is values change almost daily so a book made once a year is not to good for present values. |
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Valued Member
United States
51 Posts |
I love my Red Book for this kind of info! |
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Pillar of the Community
 United States
898 Posts |
Carl, thanks for the tip. I wouldn't assume to look there.
Also, would it be a good idea to buy mint sets and cut them up to add to albums? Or is that overly expensive when done for each year?
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Pillar of the Community
United States
1158 Posts |
You'll just have to compare costs of acquiring the mint sets vs individual coins. Often the mint sets are cheaper if you really want all the coins.
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Pillar of the Community
United States
2270 Posts |
Except for the latest dates the set is generally much cheaper than the total value of the coins in it. Indeed, the set is often cheaper than the most valuable coin in it.
Time don't fly, it bounds and leaps.
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Replies: 11 / Views: 2,026 |
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Posted 07/25/2014 09:48 am
