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 Replies: 27 / Views: 4,179 |
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Pillar of the Community
United States
4867 Posts |
Have the mintages of mint sets been on the decline? I have been buying some and I am noticing some from the last few years are quite high. I just paid $39 for the 2008 set and I see the 2012 set is well over $60.
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Pillar of the Community
United States
513 Posts |
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Pillar of the Community
United States
814 Posts |
Wait about 20-30 years and you'll be able to buy them for close to face.
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Pillar of the Community
United States
4211 Posts |
2012 sets took a big jump right after the sell out. The clad proof set was selling for close to $100 and the silver proof set was selling for around $250. The mint set was $75 ish They have come down a bit since then.
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Pillar of the Community
United States
2271 Posts |
Quote:
Wait about 20-30 years and you'll be able to buy them for close to face. I think you may be in for a pleasant surprise or a rude awakening dependent on your perspective. Mintages of these have always been high because of rampant speculation. There wasn't really very much direct or specific demand but buyers would line up hoping to have the next big thing. The large mintages swamped the demand so they'd build up in dealer stock causing prices to plummet after a few years. But things are different now and half million mintages are simply adequate for current demand. Demand has been ratcheting higher for years and the sets have been getting destroyed to fill collections or to simply be spent because the demand isn't there. Now the supplies of all these mint sets are low and any demand increase will likely be met with higher prices. Time don't fly, it bounds and leaps.
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Moderator
 United States
188213 Posts |
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Pillar of the Community
United States
1913 Posts |
I think the mintages in recent years are lower in large part because the mint is producing so many products. In essence, they're competing with themselves. Since the production quality is now higher than the coins that are made for general circulation, I think they're a decent buy at about two times face value.
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Pillar of the Community
United States
2764 Posts |
The market for PF and Mint sets have been in sleeping mode for so long now. Current trend of the last 20 years or so (with the popularity of Albums/folder) caused a lot of those sets to be broken up.
So, high quality & intact sets will be HARD to come by in the future. The most important question: WHEN will the Proof/Mint Sets Market WAKE up?
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Pillar of the Community
 United States
4867 Posts |
Well I will continue to bust mint sets open and display the coins how I wish instead of the crappy mint packaging.
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Moderator
United States
188213 Posts |
 I do not buy mint sets, but I have been known to break apart proof sets.  |
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Pillar of the Community
United States
717 Posts |
I personally buy two sets. One to keep intact, and one to fill my albums. It gets pricey for some years, but I feel better preserving one for each one I dismantle.
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Pillar of the Community
United States
4867 Posts |
Even in the lower mintage sets the coins themselves are not. So pay a high premium because the coins are packaged together in a set.
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Pillar of the Community
United States
1913 Posts |
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Even in the lower mintage sets the coins themselves are not. So pay a high premium because the coins are packaged together in a set. I think it's a very low premium. For $28.95 for the 2015 you get $13.82 in face value of coins which is a 2.09 markup. OK, that doesn't sound so great, but if you buy from dealers who pull them from rolls, you won't get them as cheap. If you have a connection to a store or bank you might be able to get some of them at face value, but not all of them. Add to this the fact that the coins are struck to higher pressure and are generally in better condition than the ones you can get newly minted out of circulation. So I think the mint sets are a fair value. |
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Pillar of the Community
United States
2271 Posts |
Quote:
I think it's a very low premium. For $28.95 for the 2015 you get $13.82 in face value of coins which is a 2.09 markup. OK, that doesn't sound so great, but if you buy from dealers who pull them from rolls, you won't get them as cheap. If you have a connection to a store or bank you might be able to get some of them at face value, but not all of them. Add to this the fact that the coins are struck to higher pressure and are generally in better condition than the ones you can get newly minted out of circulation. So I think the mint sets are a fair value. I agree and think your latter point is critically important even today that there are many Gems issued to circulation. The best examples are almost invariably found in mint sets. If you wanted to search rolls for something like a 2007-D dime you'd find that the rolls are difficult to obtain, are expensive, and Gems are few and far between. Older Gems can be ducedly difficult to find. I believe most mint sets are a steal so long as they aren't corroded or every coin in them isn't mediocre. Two mint sets out of three contain at least one Gem and some will have several. Collectiong moderns without mint sets is extremely difficult. Collecting only from mint sets is impossible. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2764 Posts |
I guess I have to go back and focus on cherry-pick mint sets from shows..... save the GEM, sell the rest as singles (to recover my cost) then start over again..... I have thought about this approach for sometime but never have the time & focus to do it. I also need the brain/knowledge of cladking (may be 25% would do)....hahaha
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Pillar of the Community
United States
2271 Posts |
Just picking mint sets doesn't really take any expertise. Just look for Gems. If a coin is well made and clean then it's a keeper. If it looks like junk and is all scratched up then it isn't. Most coins are in between and it will require a little experience to adjust your standards for the specific date/ mm.
As a rule of thumb if you aren't finding at least 2% keepers than tyour standards are too high and if you are keeping more than 5% (or so) your standards might be too low.
As a little tip, it's easier selling off the substandard ones if you toss out the 10 to 30% ugliest coins. Many of the coins have no market at all and the best bet is to haul them to the bank. If you're getting the sets at face value then there's no loss. If you buy only the nice sets then there are very few bad coins to get rid of.
Time don't fly, it bounds and leaps.
Edited by cladking
10/14/2015 5:54 pm
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Replies: 27 / Views: 4,179 |
Posted 10/06/2015 12:03 pm
