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 Replies: 13 / Views: 3,458 |
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Bedrock of the Community
United States
11951 Posts |
I just received a Ben Franklin (uncirculated young scientist) coin and chronicles set from E bay ($33.65). I bought it because I wanted a uncirculated example to put into a commemorative dollar collection I am putting together. The problem is I just looked at the mintage in RedBook and it shows 58,000. How many of this set were made? Does this set have a premium over a regular mint boxed one, of the same coin? Sorry about the bad pics. I just took a couple quick pictures, and had a lot of glare, coin is cased in the mint package.    |
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Pillar of the Community
United States
2269 Posts |
58,000 sounds about right. I originally purchased one from the Mint back in 2006. I think the issue price was around $70.00, so in my opinion, anything less is a good price. Personally I like the Coin and Chronicles set. For me, it was a nice addition to my Franklin Coin collection.
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Bedrock of the Community
 United States
11951 Posts |
I may not have asked the question to clearly. If it was like the Lincoln dollar of 2009. For that coin, if I remember right 500,000 coins were made. 370,000 proofs and 130,000 uncirculated. Of the proofs, 50,000 were used for the Lincoln C and C sets. And that Lincoln C and C set is worth more, is the Franklin set also worth more. Red Book list mintage for the Franklin dollars as 142,000 proofs and 58,000 uncirculated. So I am guessing they must have used some of the 58,000 uncirculated dollars for this set. Does anyone know if this is right and what the break down of the different uncirculated Ben Franklin young scientist dollar mint offerings. |
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Valued Member
United States
467 Posts |
I'm not a fan of breaking up these sets, I think anything with a low mintage has more postential in the long run when kept as originally presented.
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Pillar of the Community
United States
2269 Posts |
Your right about using part of the total mintage for the Coin and Chronicles set. From what I recall the mint produced a total of 250 thousand of each coin. 50,000 of the Elder Franklin were set aside for the Legacy Set, which has since been discontinued, this coin was a proof version. 50,000 of the Scientist were set aside for the Coin and Chronicles Set this coin being the uncirculated version. The total mintage for each coin is 250 thousand of which 58,000 are uncirculated, and 142,000 are Proof.
I haven't checked the prices of these coins in a long time, but if it is less money to break up a Coin and Chronicles set, then I say "Go for it."
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Bedrock of the Community
United States
14454 Posts |
this is one series that I thought would be real popular but really was a let down. I have a scientist and founding father both was sent to NGC and came back PF-70's but even in 70 there value is almost nothing. I am not sure about the C&C set but I know the coins themselves haven't done very well on the market
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Bedrock of the Community
United States
11951 Posts |
I wish the mint would release the true mintage figures. Yes I have read on the mint page where the limit for each coin was 250,000. Then I look at Red Book and it shows 142,000 proofs and 58,000 uncirculated, same numbers for both young and old Ben. I wonder where Red Book gets the numbers? It does not seem possible that the exact same number of each coin would have been sold. Also it does not look like they were all sold out, when they did not reach the maximum allowed mintage of 250,000 per coin. And would the mint, melt down coins that were not sold. Red Book lists the price of the uncirculated coin (mint box) at $50.00 and the C & C at $65. I talk to my local dealer today, he told me grey sheet lists it as $20.00 buy and $27.00+ but does not break it down between mint box and C & C set. I don't think I will break this open with out knowing the true numbers. I just wanted to put it into a coin case I ordered for commemorative dollars and proof ASE's. The case is on it's way so I will have a day or two to decide. I might just have to find a mint boxed young scientist, then put this one away with my Lincoln C&C sets. |
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Valued Member
United States
133 Posts |
With two different design coins and proof and unc. available, I figured there'd have to be a sleeper in that mintage. I loaded up only to find out that the Mint is the only one who benefitted on this coin. Sometimes you get the bear and sometimes the bear gets you, that day I was the bears lunch!! LOL
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Valued Member
United States
323 Posts |
I personally like the scientist dollar coin - it is what I plan on putting in my dansco 7070. How much should I expect to pay for it (reasonably)
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Bedrock of the Community
United States
11951 Posts |
Coins by bobby - has the BU listed at $25, I think this is low. He has the proof at $40.
Nusmismedia.com shows them at in MS/PR-67 at MS is $39 and PR is $41.
Then I am sure is you watched long enough on E bay ... you could find a little cheaper.
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Valued Member
United States
312 Posts |
There were 200,000 of these coins produced, 58,000 uncirculated, and 142,000 proofs.
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Valued Member
United States
469 Posts |
I have the same set and would never break it. It doesn't seem to have a premium of merritt now but I really like the set.
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Valued Member
United States
312 Posts |
Quote:
Coins by bobby - has the BU listed at $25, I think this is low. He has the proof at $40.
Nusmismedia.com shows them at in MS/PR-67 at MS is $39 and PR is $41.
Those are low, RedBook has MS-67 @ $50.00 and PR @ $60.00. |
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Bedrock of the Community
United States
11951 Posts |
If I didn't already have one .. or maybe two of the BU young scientist I would buy that one listed on Bobby's site. A lot of collectors treat Red Book as high in prices. |
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Replies: 13 / Views: 3,458 |
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Posted 01/04/2010 6:57 pm
