Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How many proof sets are cracked open ?
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 157508, member: 68"]My estimates could be pretty low. In the old days you could go to a medium size show and fill a truck with all the proof sets that were there and now you'd be lucky to find 200 sets. A lot of these sets go to "big buyers" and a large percentage of these will be busted up. The others will be retailed. If you look at what comes into coin shops you'll see most of the sets coming in are from people who bought them from the government or shortly after issue on the secondary market. This would imply that pretty few are retailed so it should be largely a function of the average age of the purchasers when each set was issued. For instance many buyers in the early '70's were mid 30's to mid 50's. Thirty years later most of the older buyers have already had their estates sold and the younger ones are at an age that many would have retired and probably sold. This might mean that higher percentages than I suggested are gone. You can tell when a lot of sets are being busted up because you'll hear of people finding some of the coins in circulation right aster the value of the coins in the set has exceeded the price of the set. I've found many of these proofs myself including a worn out '68-S quarter back in 1997. </p><p><br /></p><p>You can also look and see what's available in the shops though and you won't see a dramatic difference in the numbers of the older and more recent sets. Lower mintages for recent years alone won't explain this discrepancy. </p><p><br /></p><p>Mint sets seem a little more tranparent to me because I've watched them more closely and much longer.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 157508, member: 68"]My estimates could be pretty low. In the old days you could go to a medium size show and fill a truck with all the proof sets that were there and now you'd be lucky to find 200 sets. A lot of these sets go to "big buyers" and a large percentage of these will be busted up. The others will be retailed. If you look at what comes into coin shops you'll see most of the sets coming in are from people who bought them from the government or shortly after issue on the secondary market. This would imply that pretty few are retailed so it should be largely a function of the average age of the purchasers when each set was issued. For instance many buyers in the early '70's were mid 30's to mid 50's. Thirty years later most of the older buyers have already had their estates sold and the younger ones are at an age that many would have retired and probably sold. This might mean that higher percentages than I suggested are gone. You can tell when a lot of sets are being busted up because you'll hear of people finding some of the coins in circulation right aster the value of the coins in the set has exceeded the price of the set. I've found many of these proofs myself including a worn out '68-S quarter back in 1997. You can also look and see what's available in the shops though and you won't see a dramatic difference in the numbers of the older and more recent sets. Lower mintages for recent years alone won't explain this discrepancy. Mint sets seem a little more tranparent to me because I've watched them more closely and much longer.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How many proof sets are cracked open ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...