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Complete Sets ?

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scott3270's Avatar
United States
1116 Posts
 Posted 06/29/2009  10:46 pm Show Profile   Bookmark this topic Add scott3270 to your friends list Get a Link to this Message Number of Subscribers
is there generally a premium on completing a date and mint mark set for instance if I completed a Mercury dime set would the whole set sell for more than if I sold the coins individually or would it come to about the same
Bedrock of the Community
United States
10284 Posts
 Posted 06/29/2009  11:10 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Actually, I have lost money selling some sets - "by the set".
It is easier and faster, but selling it in pieces or - "by the coin" - will usually get you more money.
I would bet that, for example, a Mercury dime set will fetch what the semi key dates and key dates alone would fetch.
It would be as if the common dates would just get thrown in as far as the total price realized goes.

The reason we collect coins and complete sets I think, is because of the hobby and challenge and for personal satisfaction.
Nobody appreciates that more than yourself.
You complete a set for you.
It's almost like when people would come to my antique shop to sell me something that had a "lot of sentimental value".
They didn't want to hear me say it, but I had to inform them that I don't pay any extra for sentimental value.

It's not like on the "Road show" where the appraiser says about the family's civil war ancestor collection of buttons, tinplate photographs, letters and sword together add value as a collection, and worth more than being sold by the piece.
Unless you're somebody famous and/or your set has provenance and prestige, I think you'll lose in most cases selling them all together as a set.
Edited by TNG
06/29/2009 11:21 pm
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Sap's Avatar
Australia
16805 Posts
 Posted 06/29/2009  11:11 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
No, with coins, there's never a premium on "complete sets". You'll always get far more money for your coins if you break the set up and sell the coins individually. This applies to both government-issued mint and proof sets, and to the various series collected from circulation or CRH.

Strange, but true.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Elimist's Avatar
United States
632 Posts
 Posted 06/29/2009  11:27 pm  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
This has come up a couple times before on the forum and the general consensus is that....no, a complete set is not worth more than the sum of its parts.

And this would obviously apply more towards a set you would build out of purchasing the coins and not a set you put together out of circulation. For example. I have a complete P&D Kennedy half dollar set that with the exception of about 6 pieces have completely come out of circulation. If I sold this set then it I will obviously get more than what I paid for it when I got most of the coins (including the silvers minus the '70D and the some of the NIFC's) for only a face value of 50 cents. Same thing applys to Jefferson nickels. We had a person on here make a complete set of Jefferson nickels from roll searching. Obviously the set with sell for more than he bought it for because he only paid face value for it.

But I'm just being picky with those examples. For the most part selling as a set will probably not net you as much money as selling individually and most always won't place a higher premium on the coins just because they are in a comlete set.
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scott3270's Avatar
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 Posted 06/30/2009  1:11 pm  Show Profile   Bookmark this reply Add scott3270 to your friends list Get a Link to this Reply
thanks for the fast responses I will take that as a big no. there is no premium on sets
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jbuck's Avatar
United States
187446 Posts
 Posted 06/30/2009  1:59 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
In my opinion, the real premium is your own satisfaction of completing the set!
Bedrock of the Community
United States
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 Posted 06/30/2009  4:13 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
What wheezydog said is a fact, not just a guess. At coin shows I see completed sets many times and they are really reasonable compared to purchasing each coin. This is basically true of almost anything you buy. Take a car for instance. A completed car has one price but to purchase all the parts to make the same car would cost many, many times more. The same works in reverse. You take a car to a junk yard and get a few dollars for the completed car. Then you try buying it back piece at a time and again you find it would cost a small fortune to rebuild it from your own parts.
Buying or selling almost anything one item at a time is always a more costly adventure. A completed Mercury dime collection would never bring what each coin would sold separately.
This is evedent at coin shows. Dealers purchase sets from people all the time. Then put each coin in a flip, sell them separately and also the albums and/or folders.
The idea of making a completed set is just a hobby thing and in most instances is a waste of time if you really want a completed set. Many sets are made by Albums made by some manufacturer that decides what it takes to make a completed set. Some include coins that should not be there but to bad, they are there. For example I have a Liberty Head Nickel Album that requires a 1913 to complete and not even at coin shows or on the internet are those available.
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