Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
low cost of mint sets
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 64087, member: 68"]Mint sets were made in much smaller numbers than proof sets and have had</p><p>much lower prices and much higher attrition. In the past many collectors </p><p>didn't include the proof coins in their sets but this may not be true in the fu-</p><p>ture. Proof coins now have the S mint mark which should add to their appeal </p><p>to many collectors. There are also the silver proofs and cameo coins. The </p><p>high quality of these is a welcome break from drab quality of most of the mint</p><p>set coins. </p><p><br /></p><p>Perhaps the greatest thing the mint state coins have going for them is the </p><p>huge spread in quality from the worst to the finest. In a few cases the qual-</p><p>ity tends to be excellent and in a few it tends to be very poor but the range </p><p>present on all these issues. The low survival rates coupled with the frequently </p><p>low quality means some coins are quite scarce in attractive condition. They're </p><p>not only scarce in top grades but they're sometimes scarce in gem or even in </p><p>choice condition. There is a lot of room for growth since collecting levels are </p><p>still quite low and many of those who are collecting them haven't been in the </p><p>hobby long enough to acquire a high level of sophistication as collectors. </p><p><br /></p><p>I've always set mint state and proof coins aside based on level of preservation</p><p>and have concentrated on the mint state coins. A rare variety is worth keeping </p><p>even in VG but a typical '72-D 25c (which was normally well made) was worth </p><p>saving only in ch Gem or better. </p><p><br /></p><p>Today things have changed a lot and such considerations as to whether mint </p><p>sets or proof sets have more potential are relevant. My guess is the proof sets</p><p>will appear in ten years to have done better but the mint sets will sell individually</p><p>based on the quality of the coins in the set. Published mint set prices will look </p><p>like there is only anemic growth in this market because these prices will apply to</p><p>the sets with nothing of note in them. But, two mint sets out of three today do</p><p>have at least one coin that is nicer than most and some sets are just loaded with</p><p>nice coins. It is these nicer coins that are likely to do well. </p><p><br /></p><p>There will be a set premium on all the mint and proof sets in the long run but my</p><p>advice would be to collect what you enjoy and try to set aside nicer coins. If you </p><p>want to buy intact sets as a speculation on capturing a potential set premium wait</p><p>until you can get a premium for better quality and use that money to set aside ho-</p><p>hum sets. </p><p><br /></p><p>There are never any gaurantees and there is no sure thing.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 64087, member: 68"]Mint sets were made in much smaller numbers than proof sets and have had much lower prices and much higher attrition. In the past many collectors didn't include the proof coins in their sets but this may not be true in the fu- ture. Proof coins now have the S mint mark which should add to their appeal to many collectors. There are also the silver proofs and cameo coins. The high quality of these is a welcome break from drab quality of most of the mint set coins. Perhaps the greatest thing the mint state coins have going for them is the huge spread in quality from the worst to the finest. In a few cases the qual- ity tends to be excellent and in a few it tends to be very poor but the range present on all these issues. The low survival rates coupled with the frequently low quality means some coins are quite scarce in attractive condition. They're not only scarce in top grades but they're sometimes scarce in gem or even in choice condition. There is a lot of room for growth since collecting levels are still quite low and many of those who are collecting them haven't been in the hobby long enough to acquire a high level of sophistication as collectors. I've always set mint state and proof coins aside based on level of preservation and have concentrated on the mint state coins. A rare variety is worth keeping even in VG but a typical '72-D 25c (which was normally well made) was worth saving only in ch Gem or better. Today things have changed a lot and such considerations as to whether mint sets or proof sets have more potential are relevant. My guess is the proof sets will appear in ten years to have done better but the mint sets will sell individually based on the quality of the coins in the set. Published mint set prices will look like there is only anemic growth in this market because these prices will apply to the sets with nothing of note in them. But, two mint sets out of three today do have at least one coin that is nicer than most and some sets are just loaded with nice coins. It is these nicer coins that are likely to do well. There will be a set premium on all the mint and proof sets in the long run but my advice would be to collect what you enjoy and try to set aside nicer coins. If you want to buy intact sets as a speculation on capturing a potential set premium wait until you can get a premium for better quality and use that money to set aside ho- hum sets. There are never any gaurantees and there is no sure thing.[/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
>
low cost of mint sets
>
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...