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Which Mints Sets To Break Up Offer Best Average Opportunity?

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edweather's Avatar
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 Posted 10/29/2014  7:36 pm Show Profile   Bookmark this topic Add edweather to your friends list Get a Link to this Message Number of Subscribers
I was thinking about buying some mint sets and taking them apart to try and make money on the individual coins. What years are the best ones to look at? Is this a realistic thing, or a tough row to hoe?
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OldSkoolMadSkilz's Avatar
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 Posted 10/29/2014  8:04 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list Get a Link to this Reply
I'd think the only way to make money would be to search the sets for extraordinarily good examples. Generally the sets that contain higher value coins are also more expensive. My concern would be getting stuck with partial sets.

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edweather's Avatar
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 Posted 10/30/2014  12:16 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Yeah, I think I'll pass on that idea. I do have finding a cameo proof or a Kennedy accented hair someday, on my bucket list though.
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tkbslc's Avatar
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 Posted 10/30/2014  12:37 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
I think you'd have to do VERY high volume (like davenders on ebay) to come out ahead on that game. Most modern clad coins don't sell for much more than a buck or two even in the mint cellophane. If there was an easy money opportunity, someone would have beat you to it already.
Bedrock of the Community
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 Posted 10/30/2014  09:37 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
At a coin show I usually go to there is a couple, husband and wife, that basically does that all the time. They buy lots of Proof and Uncirc sets from the Mint. Break them all open and sell all the coins separately in 2x2's at the show. I've talked to them and they say they are now retired and only go to that one show each Month. During the year they sell off almost all of what they purchased from the Mint each year and seldom have any left overs. They do have a small amount of other coin related items and some, not many, other coins. They told me it really adds to their income by enough to make it worth their time.
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cladking's Avatar
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 Posted 10/30/2014  10:02 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
Now days you can make money on almost every date. It's a high volume business that requires a lot of heavy lifting and postage though. You can't get enough sets to make much money but you can take your profits in Gems that are grossly undervalued.

The most attractive date right now is the 1979. You can pick these up pretty easily for about $4 and even as low as about $3.50

The Philly dollar is $1.60 wholesale, the Denver is $1.40. You can get $1 each for the halfs and the rest of the set weighs in at about $1.35 making a total of $6.35. Of course a lot of the Philly half and some Denver halfs are too poor quality to sell as BU so these come out of your profit as you have to just spend them. The postage can add up pretty fast too. You can make money on almost every date like this but some of these coins will prove hard to sell.

The Philly dollar from the 1975 mint set is only good enough to wholesale about 55% of the time. Once in a while you can sell the poor specimens at a premium but buyers are few and far between. '70 half dollars can be a trap since lots of these are tarnished and spotted and many can't be saved. Buyers are wary of advertising for them. Usually after a mint set gets ten or twelve years old it's worth more dead than alive.

I like the older sets most since they are getting to be so few of these surviving.
Time don't fly, it bounds and leaps.
Edited by cladking
10/30/2014 10:17 am
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edweather's Avatar
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 Posted 10/31/2014  3:24 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
I'm kinda assuming that most of the lots of mint sets for sale have been picked through already, right? Or is it hard to tell what a coin really looks like through cello.
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cladking's Avatar
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 Posted 11/01/2014  12:21 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
I'm kinda assuming that most of the lots of mint sets for sale have been picked through already, right? Or is it hard to tell what a coin really looks like through cello.


Whether they are picked over depends on the specific coin and where you buy the sets. For instance most SMS's on the secondary market are picked over for cameos but they aren't picked over for "no-FS's" or rotaions. A lot of the Ike sets are picked over for Ikes but nothing else. Almost all of the '70 sets are picked over for sm dt's.

But if you can get the sets early in the supply chain they aren't picked over as heavily and the incidence of Gems is nearly as high as it was in the 1970's. Even if you buy sets fdrom later in the supply chain they are often picked over by only a single individual who may have missed some important coins.

A lot of people look at the mint sets and think they look like garbage so they must be picked over but the truth is these sets never did look all that hot. It doesn't take too long to learn what the typical set looks like so you can tell the ones picked over. But, you'll find that it works both ways; you'll find a bunch of cherry sets once in a while too. Just avoid buying the picked over ones.
Time don't fly, it bounds and leaps.
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