Mint Sets & Proof Sets for DAYS!

very wise

 

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From the late 90's on one can and proof sets are really near perfect

 

that is really quite funny

 

Actually the coins in these sets are going bad and getting worse by the day. There probably won't be any undamaged coins in sets before too many more years. This especially applies to the '65 to '81 sets but the later ones might not be too far behind. Right now about 50 to 90% of the coins can still be saved depending on the date and denomination but they get worse every year.

One of the reasons mint sets are so cheap is that many were poorly made and most are tarnished now. If you don't believe it try finding a pristine 1969 quarter in MS-63 or MS-64. I'd guess you'd need over 100 sets just to find one. Try finding a '68 cent without carbon spots AND tarnish.

These coins have been unloved for over half a century and now we're paying the price.

I just hope collectors save as many of these as possible before they're all gone.

 

These markets are highly complex. Any date Ike is worth $3 wholesale now. Most people think they are worth $1 but even nice circs with no damage are wholesaling for $1.50.

Nice chBU Ikes will bring much more on eBay and there are buyers out there for MS-64 and MS-65 coins at $20 each ungraded. Graded coins can go as low as $10 or as high as $10,000.

Collectors are looking for attractive coins from chBU to MS-67. Catalogs mean nothing because they're 50 years behind the time. Greysheet lists roll prices but there are almost no rolls at all and the few that do exist range from nice chBU to ugly and tarnished garbage. The ugly tarnished garbage sets the bid price. If you advertise to buy mint sets and BU rolls you get garbage so prices are set by garbage.

I've been selling a lot of great coins and have been finding very strong demand. Some is going to wholesalers and some is going to collectors and dealers. I'm hoping that a lot will be going the auction route pretty soon.

I don't know what the coins are worth but there are buyers everywhere now and there didn't used to be any buyers. I'm probably selling too cheap but I want it sold before my heirs have to deal with it.

 

Well I mean my grandparents bought this stuff and left it in the closet for decades so the coins haven’t really had any chance to get scratches or dings that would warrant a lower grade.

They all still look perfectly brand new to me.

 

Scratches and dings shouldn't be a problem. Environmental damage can be a plus (toners) or a negative.

 

I agree with everything you said. I got hooked when I was about 5 when my grandmother handed me a Walking Liberty half to buy some plastic army men. I was more interested in the coin than the plastic men. I did buy the army men but started looking at every coin I saw. Of course back in the early 60's there were a lot of old coins still in circulation. I even got some Indian cents in change back then. Fun times but, hooked for life.

 

Well, perhaps I should hold onto the MS63-65 coins too.

 

IMO as long as you keep them in their original packaging they'll always be worth more than face value. I had a lot of mint sets from the 70's 80's and 90's. Rather than sell them outright I went to a dealer I know and traded them for some type coins (Capped Bust and Liberty Seated). By doing that I got a better price than if I had just sold them to him. With all the advice given to you, you still have to make your own decision as to what you're going to do with them. Best of luck with whatever your decision is.

 

Nice post 1865

It was my grandmother, in the 60's also, that got me hooked on this lifelong obsession as well. Grandma's have a way of connecting with us like no one else. I'm not a grandma, but I am a pop pop. And I hope my influence on my grands will be as enlightening and inspiring as my grandma's influence was on me

 

My grandma gave them to me and said I could do whatever I want with them.

They are 100% mine now and I told her I might sell some of them and she had no problem with it.

She may be old but she is mentally sound.

 

Nah the rest of my family was given other stuff.

The coins and some other things were given to me to do with what I want.

I have my whole family's blessing

 

Oh yeah the reverse is super nice! I looked at it under 5x magnification and I only saw 1 tiny hairline scratch about 2mm long in near the rim on the reverse.

It looks like a bag mark to me. Kind of like the little dings you see on Morgan Dollars around the cheek.

Sadly according to the PCGS price guide PR70 is $1500 but if it's PR69 it's only worth $32 so not even worth sending it in .

I don't think its a 70 though.

 

You're lucky to live in a state where you can visit someone in a nursing home, some states still have them locked down.

 

There is a growing list that are worth saving all the way down to MS-63. As long as they are fully lustrous coins like '76 tI Ikes are worth $4 each. Lots of other coins have almost no supply in chBU but still sport low price tags.

I believe the real "canary in the coal mine" is the '68 cent. Pennies are widely collected yet no one seems to notice this date is always tarnished and spotted. The '69 quarter is similar because only half of mint set coins weren't ugly and now this coin in the few surviving mint sets is tarnished. There used to be a million nice coins in mint sets and now there are only a few thousand. There are no rolls of these and if you could find 100 representative roll coins about 98 would be ugly.

There is increasing demand for almost all moderns and we should start seeing this demand bump up against supply constraints even in lower grades including nice attractive VF's before many years are out. The low prices and low interest in moderns has resulted in a great deal of degradation of these coins. Even older proofs have very little value unless they are higher denomination or very high grade. This has been devastating to the supply of coins like 1968-S quarters. The coins end up in rolls for 40c each or sold to the general public. Every time the price of silver runs up the sets are smashed to get the silver half. Then of course there is normal attrition caused by fire, flood, and carelessness. Bad economies and "pandemics" cause the dissolution of households and things like old proof sets get degraded or improperly stored as a result.


I had always figured the move into moderns would be rather "sudden" but it appears this is it and I was wrong. Prices have been increasing for a couple years now and the rate appears to be accelerating.

 

Gam. They were gifted to you from Grammy. I know you meant priceless not worthless. Hey. So there not the most valuable but when you do your best to leave someone something. Don’t look a gift horse in the mouth. Be grateful. My mama left me a mint set with a small 1970s cent. Look deeper

 

1999 WAM IS THE TUFF ONE. Sorry. Maybe @furryfrog02 will trade you 1998’s wams for your 1999’s. Lol. 1999 are worth all of 300 bucks

 

To be totally honest. Give them to the grandkids. You don’t have a lot there. You won’t get called out as a SOB. it happens

 

It’s best to do the right thing