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Jefferson Nickel in a Philly Mint Set...
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<p>[QUOTE="cladking, post: 8355010, member: 68"]There is no wholesale market for most of these coins because there is simply no demand. If current trends continue the '69 quarter will be scarcer than the '32-D in as soon as 20 years because the the coins aren't being put back or saved from corrosion that exists in the mint sets. The coins in circulation now suffer a nearly 5% annual attrition as bent, damaged, and heavily worn coins are removed from circulation by the FED. There will be no nice (G or better) '69 quarters in circulation in less than 10 years. </p><p><br /></p><p>Eventually people will want these coins and attrition will drop to far lower levels but in my opinion it's already too late because there are not enough nice examples in F or better for a mass market. The few around would disappear overnight with any real demand. </p><p><br /></p><p>It just breaks my heart to see the mint sets like this. Not only because of all the coins I've lost but because they will not be available to future collectors. </p><p><br /></p><p>it also distorts the current market making it difficult to know if demand picks up or not because good sets are so hard to find (virtually impossible really). i saved up 20 of the greatest '69 mint sets you can imagine and had to cut them all up in the last twenty years. Many of the Gems were lost to the corrosion. </p><p><br /></p><p>of course I can be wrong about this set and a cleaning and better pictures might well prove it.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 8355010, member: 68"]There is no wholesale market for most of these coins because there is simply no demand. If current trends continue the '69 quarter will be scarcer than the '32-D in as soon as 20 years because the the coins aren't being put back or saved from corrosion that exists in the mint sets. The coins in circulation now suffer a nearly 5% annual attrition as bent, damaged, and heavily worn coins are removed from circulation by the FED. There will be no nice (G or better) '69 quarters in circulation in less than 10 years. Eventually people will want these coins and attrition will drop to far lower levels but in my opinion it's already too late because there are not enough nice examples in F or better for a mass market. The few around would disappear overnight with any real demand. It just breaks my heart to see the mint sets like this. Not only because of all the coins I've lost but because they will not be available to future collectors. it also distorts the current market making it difficult to know if demand picks up or not because good sets are so hard to find (virtually impossible really). i saved up 20 of the greatest '69 mint sets you can imagine and had to cut them all up in the last twenty years. Many of the Gems were lost to the corrosion. of course I can be wrong about this set and a cleaning and better pictures might well prove it.[/QUOTE]
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Jefferson Nickel in a Philly Mint Set...
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