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<p>[QUOTE="cladking, post: 835041, member: 68"]Very interesting. Thanks for the info. </p><p><br /></p><p>There's little doubt thatr the era of cheap mint sets will come to an end but I'm not convinced it's now. It will take a continuing increase in dsemand which exceeds the supply of sets flowing into the market from original owners. Twenty years ago a shop might buy an average of ten of these sets a week and five would be so cheap they'd be cut up and put in the cash register. The other five would accumulate until after about a year they'd be shipped off to a wholesaler where they were usually cut up for singles but 10 or 20% would be retailed intact. The dealer had huge stocks of mint sets most of trhe time but most of the guys in corner shops couldn't sell more than a few sets a month if that. </p><p><br /></p><p>What dealers ship off to the wholesalers is the effective supply and this is and has always been ample.</p><p><br /></p><p>Now days though far fewer sets come in especially of the early dates because there aren't that many left. Also most dealers do a much batter business in these sets than they used to and can retail lots of sets over the counter. But they still accumulate more than they need except for the 1969 set which is getting tougher. These don't build up as quickly in stock so they get shipped less often meaning the supply of singles will eventually get a little tighter. </p><p><br /></p><p>The first sign that mint sets are getting too scarce for demand will ironically be a surge in bid prices for BU rolls as the set makers can't get sufficient supply. This will cause mint set prices to increase in order to bring in more sets for destruction but it will be different next time. The costs of shipping is higher and the supplies held by dealers are not as deep as in the past. Even faiurly large increases in bid price for mint sets will not much affect the numbers flowing to the wholesalers. If human nature holds true this will cause increased demand across the board. </p><p><br /></p><p>And the effective supply just keeps decreasing year after year. There was a time that you could go to almost any coin shop and look at twenty or thirty 1969 mint sets. Now days you don't see these much. There's lots of demand but it's very price sensitive because people expect their moderns to be cheap. When market forces really wake up though there won't even be enough supply for the demand that isn't as price sensitive. </p><p><br /></p><p><a href="http://www.jakesmp.com/GP_Mint_sets/GP_Mint_sets_001_M.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.jakesmp.com/GP_Mint_sets/GP_Mint_sets_001_M.html" rel="nofollow">http://www.jakesmp.com/GP_Mint_sets/GP_Mint_sets_001_M.html</a></p><p><br /></p><p>Jakes is one of the largest retailers of mint sets in the country and they stopped offering the 1969 for sale nearly a year ago. A few others have as well. As I said the currebnt situation is unsustainable. It has some earmarks of a promotion but it looks even more like a market that's badly out of balance and just awaiting a trigger. </p><p><br /></p><p>I figure there are only about 2000 fairly nice 1969 quarters still available and they go for a few dollars each. In 1964 the '50-D nickel had 2,000,000 coins available and they went for $250 each in today's money. I believe the comparison is apt because most modern collec tors are seeking nice examples and back in 1964 they didn't much care what their '50-D nickel looked like.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 835041, member: 68"]Very interesting. Thanks for the info. There's little doubt thatr the era of cheap mint sets will come to an end but I'm not convinced it's now. It will take a continuing increase in dsemand which exceeds the supply of sets flowing into the market from original owners. Twenty years ago a shop might buy an average of ten of these sets a week and five would be so cheap they'd be cut up and put in the cash register. The other five would accumulate until after about a year they'd be shipped off to a wholesaler where they were usually cut up for singles but 10 or 20% would be retailed intact. The dealer had huge stocks of mint sets most of trhe time but most of the guys in corner shops couldn't sell more than a few sets a month if that. What dealers ship off to the wholesalers is the effective supply and this is and has always been ample. Now days though far fewer sets come in especially of the early dates because there aren't that many left. Also most dealers do a much batter business in these sets than they used to and can retail lots of sets over the counter. But they still accumulate more than they need except for the 1969 set which is getting tougher. These don't build up as quickly in stock so they get shipped less often meaning the supply of singles will eventually get a little tighter. The first sign that mint sets are getting too scarce for demand will ironically be a surge in bid prices for BU rolls as the set makers can't get sufficient supply. This will cause mint set prices to increase in order to bring in more sets for destruction but it will be different next time. The costs of shipping is higher and the supplies held by dealers are not as deep as in the past. Even faiurly large increases in bid price for mint sets will not much affect the numbers flowing to the wholesalers. If human nature holds true this will cause increased demand across the board. And the effective supply just keeps decreasing year after year. There was a time that you could go to almost any coin shop and look at twenty or thirty 1969 mint sets. Now days you don't see these much. There's lots of demand but it's very price sensitive because people expect their moderns to be cheap. When market forces really wake up though there won't even be enough supply for the demand that isn't as price sensitive. [url]http://www.jakesmp.com/GP_Mint_sets/GP_Mint_sets_001_M.html[/url] Jakes is one of the largest retailers of mint sets in the country and they stopped offering the 1969 for sale nearly a year ago. A few others have as well. As I said the currebnt situation is unsustainable. It has some earmarks of a promotion but it looks even more like a market that's badly out of balance and just awaiting a trigger. I figure there are only about 2000 fairly nice 1969 quarters still available and they go for a few dollars each. In 1964 the '50-D nickel had 2,000,000 coins available and they went for $250 each in today's money. I believe the comparison is apt because most modern collec tors are seeking nice examples and back in 1964 they didn't much care what their '50-D nickel looked like.[/QUOTE]
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