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<p>[QUOTE=&quot;cladking, post: 618907, member: 68&quot;]By &quot;bid&quot; I&#039;m referring to the Greysheet which is the pricing guide used by dealers.&nbsp; Most of the sets being destroyed are older sets that are no longer being made by the mint and wholesalers have to buy these on the market.</p><p><br /></p><p>There are usually plenty of offers to buy at bid or near bid so to entice dealers to actually sell their sets the wholesalers will offer an even higher price.&nbsp; This will assure the kind of quantity they seek.&nbsp; </p><p><br /></p><p>There are large numbers of current date sets being broken up as well for existing collections.&nbsp; Wholesalers will do this as will collectors.&nbsp; There&#039;s usually a higher set premium (price of set relative combined priced of the coins) for brand new sets and this does encourage collectors to buy retail rather than cut their own especially if they desire only a single coin from the set. But, yes, if dealers need the current date they&#039;ll get them from the mint in many cases.&nbsp; </p><p><br /></p><p><br /></p><p><br /></p><p>There&#039;s not much demand for cull proofs.&nbsp; It&#039;s too risky to just sell these retail because customers will return them.&nbsp; This means a lot of these just go into the till or to the bank.&nbsp; Of course some of these can be sold but dimes and quarters have especially weak markets.&nbsp; </p><p><br /></p><p><br /></p><p><br /></p><p>It&#039;s not an issue of them selling for less than face value but for the set to sell for less than the combined value of all the coins in it.&nbsp; </p><p><br /></p><p>The sets get cut up because the singles are easily retailed.&nbsp; But any set with a large premium to the comnbined value is expensive to cut because this premium is unrecoverable; you have to sell the singles based on the singles price, not the set price.&nbsp; If the set price drops low enough then there is an automatic profit just by cutting up the sets because the coins total more than the set.&nbsp; </p><p><br /></p><p><br /></p><p><br /></p><p>No, not really.&nbsp; They have to be handled carefully and there could be tiny marks put on them.&nbsp; They become more susceptible to damage in most cases but they aren&#039;t really degraded just by being removed and put in rolls.&nbsp; Obviously you&#039;d never want to put a 70 in a roll but it just doesn&#039;t really have a discernable effect on the majority of the coins.[/QUOTE]</p><p><br /></p>

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