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 Replies: 6 / Views: 1,477 |
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Pillar of the Community
United States
2120 Posts |
So I'm still fairly new to collecting (bout a year or so) and I collect just about everything for current denominations (LMC, Jefferson, Roosevelt, JFK, etc.) and for 2009 I just bought a P and D mint set directly from the mint.
I was thinking though, whether this was worthwhile or not. I mean I do collect each denomination offered and it makes it a convenient way to have good quality specimens for each year. But is it cost effective? Should I just wait and try to buy P & D sets from deals and other CCF members?
BTW, I still would fill my album's holes with circulated ones I happen across just for the heck of it.
And yes, I'm buying proof / Silver proof sets also. Comes out to like $80ish a year. which is WAY with in my budget.
Thought / comments greatly appreciated! Edited by Namachieli
04/28/2010 5:04 pm
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Bedrock of the Community
United States
11951 Posts |
ianmprice My vote is .. .break the sets .. For me .. I break open a lot of sets. Both mint and proof. There are many sets that make it cheaper, if you are doing most or all the different denominations. Some of the older mint and proof sets are very cheap. A week or so ago I bought a 1981 mint set, in very good shape for $5.00, it has $4.82 face value in coins. I have a list of nine sets I am going to order online (from coinsbybobby.com) for a little over $70.00. Many of the 70's and 80's sets can be bought for less than $10.00. I do like buying sets local when I can. That way I can look at all the coins, because sometimes they are in bad shape, from scratches and rubs. I pretty much have all the Dansco for modern coins, except for SBA's and Roosevelt dimes. I will get the dime album but do not care for the SBA's. |
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Pillar of the Community
 United States
2120 Posts |
I'm sorry if I didnt make it clear. This is in regards to adding new years. 2010, 2011, 2012, etc. Not older sets / older singles.
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Bedrock of the Community
United States
11951 Posts |
Oh sorry ... I might have just read that wrong.
In that case .. .I do buy and break open new sets, and will continue to do so.
I do because, I like the satin finish that have come in the mint set since 2005.
Although I do try to get P and D BU single, or rolls.
As for the proofs, there are so many I need it only makes since to buy sets each year, to break open.
I need proofs for Lincoln, Jefferson, Washington (ten - 5 clad and 5 silver proof), Kennedy (two - 1 clad and 1 silver), and the four Presidential proofs. So I use all but the dimes, but I am sure I will end up with that album this year.
Edited by GR58
04/28/2010 5:37 pm
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Pillar of the Community
United States
2120 Posts |
Yea I do the same (collect most sets). I know for me I'm not going to be selling them any time soon (or ever tbh) so there is no need to bust em out. I like to have them in the original packaging cause I think it keeps em safer.
But this is more about the monetary dollar amount that it costs to buy the set / buy them individually.
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Pillar of the Community
United States
6326 Posts |
Buying the coins individually is usually more expensive, compared to buying the Set, as a general rule.
And, with many years, the Sets go for "at" or "below" original issue price, given time. I see no reason for this to be any different for the 2010 and beyond Sets.
I will continue to buy the Sets directly from the Mint regardless. Some for breaking......some for keeping.
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Moderator
 United States
187702 Posts |
Even though they can be cheaper on the secondary market, I would continue to buy the sets from the mint each year.
The sets on the secondary market are often cherry picked, so finding the quality you desire could take more effort (although it is not impossible).
With a mint purchase, you always have the option to exchange a "defective" set for another one.
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Replies: 6 / Views: 1,477 |
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Posted 04/28/2010 3:51 pm
