1958 double mint set sealed

There’s a 1958 double mint set sealed with a date stamp of 1964 across the back seams on eBay auction currently with one bid of 399.99. I do not want to overpay for the set, I see sealed sets sell for 550+ on heritage. Was just looking to see if anyone else has seen the auction. It ends Friday.

 

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I’m hoping to snag it for around $400

 

@ShinyCircles I'm a little confused.What do you mean Double Mint Set?Do you mean there was a printing error?

 

Sounds like it to me but personally i collect coins,not packaging error or notA link to the auction would be helpful.

 

We’ll it’s definitely a higher end collectors piece that would stay unopened, I might frame it if I get it. Bid for an opened 1958 double mint set on PCGS is 350.
https://www.ebay.com/itm/175025626571?mkevt=1&mkcid=16&mkrid=711-127632-2357-0

 

Posted reply and link in wrong place sorry look below

 

No, no printing error, a double mint set is the earliest mint sets years 1947-1948 they have low mintage and survival rates. Early sets have two of each coin and mint mark. They’re really neat sets.

 

Doesn't look right,the packaging on these sets are faked on a regular basis.It doesn't look 60+ years old to me.No rips,holes etc even if the paper was stored properly and sat around i would expect to see a lot more wear and tear.

 

It's real.

 

If you refer to the explanation for Uncirculated Mint Sets in the back of the Red Book, the second paragraph describes the Double Mint Sets and how they were packaged. It also records the extremely low mintages for these sets.

Furthermore, the cardboard holders for the coins often caused beautiful rainbow toning that became very popular for many collectors which made the premiums for such sets even higher than normal.

 

About 15 years ago, I had an auction catalog from Scotsman Auction in St. Louis, Missouri that had several listings for unopened shipping packages that held anywhere from 5-10 Double Mint Sets from the Treasury Department. If I recall correctly, some of these listings sold for more than $10K.

So, it is conceivable that some of the individual mint sets could survive in pristine condition for decades.

 

The 58 set had a 50,000 mintage but $500 is in the current wheelhouse. Expect some rainbow toning. The 1964 stamp is curious as it was shiped from mint in June of 1959 possibly restamped and sold un open?

 

Personally I would not buy something I cannot see inside the packaging. $400-500+ is a huge gamble. Makes me question why the buyer never opened it to see what the set looked like.

 

I paid $15 for this one. It likely was from a mint set. The reverse has some great color. At first glance I thought it was splotchy. But as I studied the pictures it really is not overpowering as splotchy toning can sometimes be. I agree, $500 is a lot to gamble, but if you have the cash it is easy to do IMO. Being the first to open the package and feeling the crispness of the reeds on the fingertips is special.

 

My guess is a dealer or collector stamped it in 64 to show it has been unopened?

 

I have bought double mint sets from the same seller, I’m not questioning if it’s real. It surely is. I was looking for value. Says he has more with the same family named sealed and that opening them is a gamble value is in them being sealed

 

Have you seen these? Graded double mint sets by OSV and ANACS.
The one requirement is that the sets are complete and original.
https://www.ebay.com/itm/2238881292...Ceq37TDVlUKpN14FtfJs2aIdeyw7iCAxoCHbYQAvD_BwE

 

I'm not sure if there is a question in here or not... Did I see this ebay auction? yes, saw it.

That said, the value in these is that they remain unopened. If you are going to buy it and not open it, I'd suggest buying it from a reputable place and not someone off ebay because ebay is full of scammers misrepresenting things.
I find the 1964 stamps on the back seals to be sketchy as heck, as if to say "believe me, believe me, nobody opened it!"

depending on how the coins look, it could be $160-$300 if it was opened maybe even more if the couins are stunning. but that's not what you are paying for, you'd be paying for the gamble on the unopened envelope and the mystery of the coins inside. at $400 I think you are overpaying for the coins themselves already. But I get if you wanted to buy a legit unopened nice conditioned packaging set to hold for a decade or two and then try to sell for more money down the road to someone that wants to gamble on it and open it.
If it paid to open the envelope, the seller would have opened it themselves right?

I would say if you are going to spend that kind of money for a "mystery" type thing, you buy it from a reputable place with a provenance to it that can be proven as not opened from a credible source and not some ebay seller, even if it costs you more money. Nothing worse than spending $400-$500 on something and finding out 10-20 years later when you sell it to someone else that someone switched the coins with circulated coins or moderns and is wanting their money back and thinks you scammed them.

Just my opinion that you didn't ask for.

 

Big! difference between a 49 and a 58? Just saying Still if you love em get em!

 

That wasn't the point. Just an example of the coins/toning you might find in a sealed set. And with this OSV service they grade each coin individually, then give an overall score to the mint set.