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<p>[QUOTE="cladking, post: 2316086, member: 68"]As far as the proofs go the question isn't accurate. Yes, there are millions of proofs in circulation but most of these aren't "extras" collectors didn't need so they spent.</p><p> </p><p>Most of them get into circulation when the big wholesalers assemble rolls of proofs. Between about 5 and 20% of proofs are considered culls and these are placed enmass into circulation. I've put some into change myself because there's nothing you can do with unattractive proofs. The same thing goes on with the mint sets but there are far more culls in mint sets. Between about 10 and 50% of mint set coins can't be sold as BU. </p><p> </p><p>Most people would be surprised to know what half a century of ignoring the coinage has caused. Almost half the proof sets and three quarters of the mint sets have just been cut up and spent. Even today there is no reason for the wholesalers to keep sets intact because even after the culls are spent the sets are worth more as individual coins than as sets.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2316086, member: 68"]As far as the proofs go the question isn't accurate. Yes, there are millions of proofs in circulation but most of these aren't "extras" collectors didn't need so they spent. Most of them get into circulation when the big wholesalers assemble rolls of proofs. Between about 5 and 20% of proofs are considered culls and these are placed enmass into circulation. I've put some into change myself because there's nothing you can do with unattractive proofs. The same thing goes on with the mint sets but there are far more culls in mint sets. Between about 10 and 50% of mint set coins can't be sold as BU. Most people would be surprised to know what half a century of ignoring the coinage has caused. Almost half the proof sets and three quarters of the mint sets have just been cut up and spent. Even today there is no reason for the wholesalers to keep sets intact because even after the culls are spent the sets are worth more as individual coins than as sets.[/QUOTE]
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