| Author |
 Replies: 18 / Views: 3,775 |
|
Pillar of the Community
 United States
5029 Posts |
Uncircultaed. Proof. Silver.
Does anyone collect these as a set...or do most of you all buy them and break them out for a particular coin?
I see a lot of posts saying a set was bought and almost immediately broken apart for one of the coins. So my question is why does it seem these aren't very collectible items?
|
|
|
|
Pillar of the Community
United States
797 Posts |
I think there is definitely some collectability to them, but many people break them open to put in an album or folder to make sets of the individual coins. Many recent proof sets and mints sets do no hold a significant premium so people find no concerns with breaking them apart. I break mint sets apart so I have the coins for my Dansco albums. Overall you never know what the future holds, maybe some current mint sets will be more valuable many decades from now because of so many that were broken apart. Who knows, I don't really care too much about that because I just get them because I enjoy them and like them, I don't care too much about the value/collectability of them.
|
|
Pillar of the Community
United States
604 Posts |
I am trying to complete my collection of silver proof sets from 1992 - present. I dont break them out of the OGP, I prefer to keep them together as they came from the mint. Most of the sets are fairly cheap aside from a few like the 2012 silver proof set. So I can see people not having a problem with breaking them open or buying 2 sets, one to open and one to leave as is. Its all about what you want and how you want to collect.
|
|
Pillar of the Community
United States
4211 Posts |
I do both of the 90%....I need the coins to keep my sets up, but I also have most of the sets from 92 forward but I am missing a few of them. So I TRY to always get 2 sets. One to break and one to keep.
|
|
Moderator
United States
187446 Posts |
I do not. I like to fill Dansco albums. I try to get the business strikes from circulation, so I usually do not buy mint sets (one exception was the 1973 set I bought for the Eisenhower dollars). However, I have bought coins from dealers who broke apart mint sets to get them. Almost all of my proofs (clad and silver) have come from proof sets that I bought and broke apart to fill the album holes. Exceptions are some from before 1981 (when I started buying proof sets from the mint) and a couple of years that I forgot to order from the mint. |
|
Pillar of the Community
United States
649 Posts |
I buy mint & proof sets and break them up immediately. I don't like the packaging and would rather store them in a nice album. Additionally, the packaging for mint sets up to 1981 can cause issues (green hazing and corrosion) with the coins. Since many of these sets can be found at face, the coins I don't keep or sell just end up back in circulation. This makes acquiring the sets pretty risk free.
|
|
New Member
United States
28 Posts |
Echoing what has been said--I have purchased mint/proof sets to fill albums. I don't think there is any inherent value to them together that wouldn't be gleaned from them apart. EDIT: I would say I differ from some people here in that I keep what I haven't used so far--just another starting point for another album!  Edited by ddannemiller
11/06/2014 2:52 pm
|
|
Rest in Peace
United States
4078 Posts |
Edited by bpoc1
11/06/2014 3:51 pm
|
|
Pillar of the Community
United States
2270 Posts |
The problem with mint sets is there was almost no demand at all for any of the coins. People knew they could buy five of them and sell four at a big profit and a free set. But with no real demand there were far too many sets. After all these years there's still no demand and most of the sets have been destroyed but they're still cheap.
Someday a collector will go into a couin shop to buy something like a 1973-D dime and find out that there aren't any. Until there's a demand for the coins it doesn't matter that most of the sets are gone now.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
3755 Posts |
Both. I break sets up to fill my Danscos and keep at least one set whole.
|
|
Pillar of the Community
United States
2764 Posts |
I'm on a similar trend like smokeriderdon.
|
|
Pillar of the Community
United States
649 Posts |
Quote:
The problem with mint sets is there was almost no demand at all for any of the coins. People knew they could buy five of them and sell four at a big profit and a free set. But with no real demand there were far too many sets. After all these years there's still no demand and most of the sets have been destroyed but they're still cheap.  It's crazy how many people originally bought large quantities of these sets at issue price looking for big gains. When these show up at estate sales there are often more than dozen of a single set. |
|
Pillar of the Community
United States
2270 Posts |
Quote:
It's crazy how many people originally bought large quantities of these sets at issue price looking for big gains. When these show up at estate sales there are often more than dozen of a single set. In the old days there were order limits of "5" and I once saw nearly a thousand sets of 1970 mint sets in packages of five that had been sent to a single address. There were little differences in the spelling of names and the like and it appeared even the guy's goldfish was in for twenty or thirty sets. A lot of people sold these off as soon as they received them and did pretty well but if they hang on for long then they lost money. It never made a lot of sense to me since there never was any real demand for any of the coins, just new intact sets. Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
1037 Posts |
I like and collect mint sets. While some like to break them open, I prefer to leave them in their OGP. With UNC Mint sets I have 1964 through 2014. This includes 1965-1967 SMS's and the 1982PD & 1983PD souvenir sets. My proof sets include the 1992-1998 premier silver proof sets and 1999-2014 silver proof sets plus a 1964 proof set.
|
|
Pillar of the Community
United States
3546 Posts |
Hello, I started a thread a while back related to the contents of this thread. It basically addresses folk's experiences insofar as whether or not breaking out coins from mint or proof set can be profitable. It's worth a read: https://goccf.com/t/187742&SearchTerms=mintmdpmedia |
|
Pillar of the Community
United States
1795 Posts |
I have all the mint sets from 1955 on and many if not all in Proof. My extras I break open when I need them or when I do find an error coin. That was one of my first collecting goals now I've been interested in collecting all the Commemoratives. I don't think I got enough money to finish that goal.
|
| |
Replies: 18 / Views: 3,775 |
Posted 11/06/2014 1:48 pm
