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Difference Between British Coin sets and US Coin sets
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<p>[QUOTE="cladking, post: 385479, member: 68"]One of the more interesting things about these modern sets is that they often represent the sole surviving population of the coins they contain in a very few years. Back before silver and gold were removed from coinage collectors saved all the coins in circulation whether they had precious metals or not. Afterward they mostly ignored all the coinage and the general public bought the mint sets because they were available. </p><p><br /></p><p>These sets generally started in the 60's and '70's and the silver was removed in the '50's and '60's. Not only are some of the pre-mint set coins nearly impossible to find in nice condition but due to generally low sales and staggering attrition even the mint set coins can be rare. Mintages of these sets were generally only a few thousand and there was simply no demand on the secondary market. This led to their destruction to be sold in poundage and as singles. </p><p><br /></p><p>There are many mint sets not listed in Krause but these tended to be unofficial or semi-official sets. They were generally made in even smaller numbers and had even higher attrition. The semi-official sets are most interesting since they often contain superior examples of coins that can't even be found in their typical condition. </p><p><br /></p><p>Mintages are usually based on anticipated sales and for foreign governments a lot of these will be US sales. In more recent times there is a lot more domestic demand for all the coins. Sometimes they are made to order but more typically excesses are simply heavily discounted or destroyed.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 385479, member: 68"]One of the more interesting things about these modern sets is that they often represent the sole surviving population of the coins they contain in a very few years. Back before silver and gold were removed from coinage collectors saved all the coins in circulation whether they had precious metals or not. Afterward they mostly ignored all the coinage and the general public bought the mint sets because they were available. These sets generally started in the 60's and '70's and the silver was removed in the '50's and '60's. Not only are some of the pre-mint set coins nearly impossible to find in nice condition but due to generally low sales and staggering attrition even the mint set coins can be rare. Mintages of these sets were generally only a few thousand and there was simply no demand on the secondary market. This led to their destruction to be sold in poundage and as singles. There are many mint sets not listed in Krause but these tended to be unofficial or semi-official sets. They were generally made in even smaller numbers and had even higher attrition. The semi-official sets are most interesting since they often contain superior examples of coins that can't even be found in their typical condition. Mintages are usually based on anticipated sales and for foreign governments a lot of these will be US sales. In more recent times there is a lot more domestic demand for all the coins. Sometimes they are made to order but more typically excesses are simply heavily discounted or destroyed.[/QUOTE]
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Difference Between British Coin sets and US Coin sets
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