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<p>[QUOTE="cladking, post: 2346382, member: 68"]I used to drive around checking out banks for Gem examples of the current coins and checking dealer stocks of mint sets for older Gems. Sometimes I'd find dozens and dozens of Gems on one of my jaunts. </p><p> </p><p>What wasn't too unusual was to walk into a coin shop and see the dealer sitting at a table cutting up mint sets for the cash register. Usually they were being cut up indiscriminately with every coin going to make change oin the shop. Of course some coins and some dates were set aside to be sent to the wholesalers but most of them were too cheap to pay for the postage. I'd also look at my change when I left and amoung the cents from the teens there would be shiny new 1977 quarters. I'd ask and they almost always told me they were cutting mint sets. </p><p> </p><p>The most remarkable find I ever made in a dealers change were a couple brand new very gemmy 1969 quarters that were obviously not from minrt sets!!! I was just astounded because I had never seen a BU roll of '69 quarters despite starting looking before 1969. I asked and he told me he had just bought four rolls from a customers and was salting the cash register with them. This was in the '90's and even then these wholesaled for about 75c each. He allowed me to buy all the remaining coins and I got almost four entire rolls plus what was already in the cash register for face value. These coins are simply remarkable because '69 quarters were extremely poorly made and almost none were saved in rolls. I've spoken to the big wholesalers who tell me they rarely or never see this date. There were only a few suppliers in those days and they returned most of the single bag they set aside to the bank because of aenemic demand. But these coins were all well struck, relatively mark free, and obviously not mint set issues!!!</p><p> </p><p>In the '90's I even used to hear dealers tell customers to just spend BU rolls of clad quarters like the '83-P. Even today there are dealers who are far behind the times. </p><p> </p><p>It's not only a huge attrition o the coins issued for ciculation but there is a huge attrition on the very few coins set aside by collectors. There are very few collections of clads and they often get destroyed by being spent if they come into a coin shop. Far more than 95% of coin collections of things like Washingtons, Jeffersons, Roosevelts, and Lincolns that come into coin shops end at 1964.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2346382, member: 68"]I used to drive around checking out banks for Gem examples of the current coins and checking dealer stocks of mint sets for older Gems. Sometimes I'd find dozens and dozens of Gems on one of my jaunts. What wasn't too unusual was to walk into a coin shop and see the dealer sitting at a table cutting up mint sets for the cash register. Usually they were being cut up indiscriminately with every coin going to make change oin the shop. Of course some coins and some dates were set aside to be sent to the wholesalers but most of them were too cheap to pay for the postage. I'd also look at my change when I left and amoung the cents from the teens there would be shiny new 1977 quarters. I'd ask and they almost always told me they were cutting mint sets. The most remarkable find I ever made in a dealers change were a couple brand new very gemmy 1969 quarters that were obviously not from minrt sets!!! I was just astounded because I had never seen a BU roll of '69 quarters despite starting looking before 1969. I asked and he told me he had just bought four rolls from a customers and was salting the cash register with them. This was in the '90's and even then these wholesaled for about 75c each. He allowed me to buy all the remaining coins and I got almost four entire rolls plus what was already in the cash register for face value. These coins are simply remarkable because '69 quarters were extremely poorly made and almost none were saved in rolls. I've spoken to the big wholesalers who tell me they rarely or never see this date. There were only a few suppliers in those days and they returned most of the single bag they set aside to the bank because of aenemic demand. But these coins were all well struck, relatively mark free, and obviously not mint set issues!!! In the '90's I even used to hear dealers tell customers to just spend BU rolls of clad quarters like the '83-P. Even today there are dealers who are far behind the times. It's not only a huge attrition o the coins issued for ciculation but there is a huge attrition on the very few coins set aside by collectors. There are very few collections of clads and they often get destroyed by being spent if they come into a coin shop. Far more than 95% of coin collections of things like Washingtons, Jeffersons, Roosevelts, and Lincolns that come into coin shops end at 1964.[/QUOTE]
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