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 Replies: 36 / Views: 7,326 |
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Pillar of the Community
United States
1277 Posts |
Considering that those coins have a special finish, I would agree that mint set was much too cheap!
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Bedrock of the Community
United States
20753 Posts |
I too hate to buy either Proof or Uncirc sets from the Mint. However, a long time ago I started a thing with Uncirc sets for Christmas Gifts. Most of the people I give them to are not even coin collectors so they don't realize my gift is just a gift and nothing that will ever make them rich. It is a shame when you look up the issue prices and compare with the present prices nothing but a big loss.
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Pillar of the Community
United States
1132 Posts |
Just snagged a 2002 proof set for $7.99 (after shipping). I know, I know...not exactly a jaw dropping price. But when I look for the equivalent Indiana quarter proof (all I really wanted) They're repackaged for $4 plus shipping. May as well take the sealed kit & the extra shiny couple o' bucks that tag along.
Edited by CopperCastle
08/02/2014 04:41 am
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Pillar of the Community
United States
656 Posts |
Quote:
Just snagged a 2002 proof set for $7.99 (after shipping). I know, I know...not exactly a jaw dropping price. But when I look for the equivalent Indiana quarter proof (all I really wanted) They're repackaged for $4 plus shipping. May as well take the sealed kit & the extra shiny couple o' bucks that tag along. That is a good deal, the issue price was $19.95. You could probably get $4-$5 for the Kennedy on ebay. Edited by AlbumAccumulator
08/02/2014 10:23 am
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Pillar of the Community
United States
1247 Posts |
I do buy mint sets.. older ones to fill albums.
Anything prior to '63 I leave in the OGP.
The modern Silver Proof Sets, I leave in OGP.
I buy a Mint proof set once a year to break up, same with P+D, uncirc. That takes care of a whole years set..
Yes, I lose money on the proof and P+D sets, but I will get the best coins available without going through a slab.
Everything between '63 and 2000, I am breaking up to put in albums..
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Pillar of the Community
 United States
1158 Posts |
Maybe someday all these proof sets will be valuable because today everyone is cutting them up? Will be interesting to see the value in 30 years.
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Pillar of the Community
United States
2734 Posts |
The Golden Dollars (Pres., Native) went NIFC in 2012, bolstering the functional value of the Mint Sets for the many collectors who want only one coin of each. Which is why this group missed the 2012-S Quarters, as those were (and for current year issues, continue to be) available only as bags and rolls from the Mint.  |
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Pillar of the Community
United States
1037 Posts |
I agree that Mint Sets are too cheap. I feel there is a glut in the market with these sets suppressing their price. One reason for the glut is that many of the early coin collectors are finally selling off their collections or have passed away and the family sells them off.
Personally, I like Mint sets and I have been able to collect 1964-2014 UNC Mint sets including the 1982 and 1983 P&D Souvenir sets fairly inexpensive. I am now working on my collection of Proof Sets from 1968-1991. I do buy sacrificial sets when putting an album together.
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Pillar of the Community
United States
2271 Posts |
Quote:
I agree that Mint Sets are too cheap. I feel there is a glut in the market with these sets suppressing their price. One reason for the glut is that many of the early coin collectors are finally selling off their collections or have passed away and the family sells them off. You're probably right but I think it was the great recession that has brought most of them out and still brings a few to market. Most collectors other than younger collectors now days just don't own these sets so demographics should be less of a factor than macro-economics, I believe. When the economy turns the corner hese sets will disappear fast if I'm correct. If you're right it could take many years before supplies are severely impacted. I believe most of these sets have already been destroyed because of many years of neglect and low prices. Time don't fly, it bounds and leaps.
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Valued Member
United States
335 Posts |
I thought I was cornering the market when I got 7 '05 Mint Sets in '05. They are still in unopened mailed box  |
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Valued Member
United States
320 Posts |
I got 3 rolls of what were supposed to be unc Statehood Quarters last month at flea market. My kids wanted to do a 50 State Quarter set and I figured buying rolls would be the best bet. When I opened them at home, they were all the silver proof quarters. I ended up with 15 diff states but many of each. I assume these were taken out of mint sets? I actually want to go back and ask if this women broke open mint sets or how she came by them. So now the hunt is on for mint sets for the years/states we need. The only difference is now they want to do a silver proof one as well. |
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Pillar of the Community
Canada
3692 Posts |
UK proof sets are SWEET, though. Amazing presentation. Can anyone tell me what my 1986, 1987, and 1988 UK proof sets are worth?, seeing that my book values are useless, lol.
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Pillar of the Community
United States
2271 Posts |
Quote:I got 3 rolls of what were supposed to be unc Statehood Quarters last month at flea market. My kids wanted to do a 50 State Quarter set and I figured buying rolls would be the best bet. When I opened them at home, they were all the silver proof quarters. I ended up with 15 diff states but many of each. I assume these were taken out of mint sets? I actually want to go back and ask if this women broke open mint sets or how she came by them. So now the hunt is on for mint sets for the years/states we need. The only difference is now they want to do a silver proof one as well. All silver statehood coins are S mint proof. If they appear to be silver P or D then they are probably the "platinum" plated junk being sold on TV. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
656 Posts |
I've been thinking about this subject lately. I recently just picked up 50 mint sets from 75-81 at about face value. These sets will most likely all be opened and cherry picked for nice coins with the rest being spent. I've opened about 400 additional sets over the last couple of years and I know others are doing the same. I would imagine at some point these coins would begin to dry up.
Another group of sets I've been following are the 2007-10 satin sets. These sets had decent resale value until recently. I've noticed the prices of these steadily dropping below issue price and inching towards face value. If these drop around face value, I would imagine they would start to be broken up and spent. With the lower mintage on these coins that could become interesting.
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Pillar of the Community
United States
2271 Posts |
Quote:
I've been thinking about this subject lately. I recently just picked up 50 mint sets from 75-81 at about face value. These sets will most likely all be opened and cherry picked for nice coins with the rest being spent. I've opened about 400 additional sets over the last couple of years and I know others are doing the same. I would imagine at some point these coins would begin to dry up.
Another group of sets I've been following are the 2007-10 satin sets. These sets had decent resale value until recently. I've noticed the prices of these steadily dropping below issue price and inching towards face value. If these drop around face value, I would imagine they would start to be broken up and spent. With the lower mintage on these coins that could become interesting. This is the problem and is very discouraging for me; the sets are already dried up but no one knows because no one cares and there's no demand. People just aren't collecting modern clad. Perhaps they never will in the next century. In the meantime the few sets left barely have enough demand to keep them over face value. Time don't fly, it bounds and leaps.
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Replies: 36 / Views: 7,326 |
First Page
Posted 07/30/2014 11:14 am
