1970 Proof Sets Value - Coin Community Forum

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Author	Replies: 6 / Views: 670
shygirl2020 New Member United States 13 Posts	Posted 08/03/2023 5:36 pm Why are the 1970 proof sets so cheap, when there is the possibility of getting a penny or a quarter from one of those sets. That is where they say the coins that are worth most, are the uncirculated coins, right? So if you get the 1970 penny and 1970 quarter for $40.00 (and 40 is a lot more than what I seen the sets selling for.) It seems like they would charge more for the sets? Can you explain this, please? Report this Post to the Staff

Dearborn Moderator United States 105895 Posts	Posted 08/03/2023 5:43 pm supply and demand mostly. Lots of supply and little demand. Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
nick10 Pillar of the Community United States 3207 Posts	Posted 08/03/2023 6:00 pm in coin terminology, proof and uncirculated are not the same thing, uncirculated generally means a business strike, that is, not a proof Report this Post to the Staff
KenKat Pillar of the Community United States 4085 Posts	Posted 08/03/2023 8:05 pm People will also look through the proof sets - any with desirable coins gets broken apart and the rest are sold for a low price. Most coin stores I have been to are buried in older proof and uncirculated sets. More people selling than buying typically so the price stays low, My 7070 US Type Set My 7100 Lincoln Cent Set (now with updates!) Report this Post to the Staff
oddguy Pillar of the Community United States 4135 Posts	Posted 08/03/2023 8:23 pm Lets say you have a penny coin album that has proofs included, you do not want to buy the a whole proof set and break it open for just the penny proof. So you go to coin store and just buy the penny. The store broke a set up and will sell each coin at a high price and made money, you saved money because you only had to buy the penny that you needed for your album. Report this Post to the Staff
Petespockets55 Pillar of the Community United States 5870 Posts	Posted 08/04/2023 09:05 am As Kenkat said. The sets have mostly been searched for the valuable coins. If you see proof set or mint set that is worn and tattered (like "The Velveteen Rabbit") then you can be pretty sure it has been opened and closed many times to be searched. Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow. Report this Post to the Staff
shygirl2020 New Member United States 13 Posts	Posted 08/04/2023 1:16 pm Thank you for the information. I appreciate it. Report this Post to the Staff
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