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Cherry Pickin' those proofs
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<p>[QUOTE="cladking, post: 59597, member: 68"]Most dealers do bust them up and a lot of proof and mint sets have been</p><p>destroyed this way. The big dealers will sometimes bust 1,000's of a sin-</p><p>gle date or several dates. I've actually seen bag sets of all proof set de-</p><p>nominations. A bag set is 4,000 quarters of each date. (5,000 cents etc).</p><p><br /></p><p>One dealer bragged that he alone had busted more than ten percent of the</p><p>mintage of a one year old proof set. One hears rumors of dealers who fill </p><p>dumpsters with the debris from these sets. This has been going on for many</p><p>years and the coins fron the sets are often very inexpensive and are either </p><p>put into circulation or sold to less experienced collectors. Before 1995 about </p><p>the only retail buyers of such coins were very inexperienced about coins. One</p><p>has to suspect that they coins have not fared well over the years. Proof sets</p><p>actually got as cheap as about 160% of face value in the mid-'90's and many </p><p>of the mint sets actually wholesaled for less than face value. </p><p><br /></p><p>If collectors ever seek these coins in large numbers the coins will simply not be</p><p>there in many cases. There are very few rolls of most moderns (other than cents) </p><p>and the mint and proof set populations have been decimated by dealers and col-</p><p>lectors.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 59597, member: 68"]Most dealers do bust them up and a lot of proof and mint sets have been destroyed this way. The big dealers will sometimes bust 1,000's of a sin- gle date or several dates. I've actually seen bag sets of all proof set de- nominations. A bag set is 4,000 quarters of each date. (5,000 cents etc). One dealer bragged that he alone had busted more than ten percent of the mintage of a one year old proof set. One hears rumors of dealers who fill dumpsters with the debris from these sets. This has been going on for many years and the coins fron the sets are often very inexpensive and are either put into circulation or sold to less experienced collectors. Before 1995 about the only retail buyers of such coins were very inexperienced about coins. One has to suspect that they coins have not fared well over the years. Proof sets actually got as cheap as about 160% of face value in the mid-'90's and many of the mint sets actually wholesaled for less than face value. If collectors ever seek these coins in large numbers the coins will simply not be there in many cases. There are very few rolls of most moderns (other than cents) and the mint and proof set populations have been decimated by dealers and col- lectors.[/QUOTE]
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Cherry Pickin' those proofs
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