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<p>[QUOTE="cladking, post: 682062, member: 68"]There's a problem with the junkyard analogy; you can't take your Cadillac to the junk yard in a million pieces and sell it for more but you can a mint or proof set. The junk dealers would probably pay less if it's already dismantled but he certainly won't buy it as a collection of brand new spare parts. The wholesale price of the set is often lower than the wholesale price of the coins in it. </p><p><br /></p><p>If you're buying these as an "investment" though you should be aware that wholesalers won't take poor coins. Most coins in mint sets aren't affected by this since even the worst are usually good enough but some coins like the '76 type I Ike is so bad that half won't cut the muster. </p><p><br /></p><p>Buyers should also be aware that collectors will always value the coins individually so will look at these sets as a collection of parts. If the coins are mediocre so too will be the price. There will likely be a premium for intact sets at some point in time and this could persist for years but this premium might be smaller than the premium for nice coins. Imagine a really fantastic set with all gems in it! The premium on such a set could be significant. The nicer the coins in a set the higher the probability it will be cut up and this will still be true when there's a set premium. </p><p><br /></p><p>Yes. Very large percentages of some of these sets have been destroyed. No one loves them so they just end up going to wholesalers who are not kind to them. Many of the coins end up in circulation because they are so cheap or are culls. Some dealers just use the coins regardless of quality to make change in their shops because the premium is so low it's not worth shipping. </p><p><br /></p><p>Over the decades vast numbers have been destroyed.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 682062, member: 68"]There's a problem with the junkyard analogy; you can't take your Cadillac to the junk yard in a million pieces and sell it for more but you can a mint or proof set. The junk dealers would probably pay less if it's already dismantled but he certainly won't buy it as a collection of brand new spare parts. The wholesale price of the set is often lower than the wholesale price of the coins in it. If you're buying these as an "investment" though you should be aware that wholesalers won't take poor coins. Most coins in mint sets aren't affected by this since even the worst are usually good enough but some coins like the '76 type I Ike is so bad that half won't cut the muster. Buyers should also be aware that collectors will always value the coins individually so will look at these sets as a collection of parts. If the coins are mediocre so too will be the price. There will likely be a premium for intact sets at some point in time and this could persist for years but this premium might be smaller than the premium for nice coins. Imagine a really fantastic set with all gems in it! The premium on such a set could be significant. The nicer the coins in a set the higher the probability it will be cut up and this will still be true when there's a set premium. Yes. Very large percentages of some of these sets have been destroyed. No one loves them so they just end up going to wholesalers who are not kind to them. Many of the coins end up in circulation because they are so cheap or are culls. Some dealers just use the coins regardless of quality to make change in their shops because the premium is so low it's not worth shipping. Over the decades vast numbers have been destroyed.[/QUOTE]
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