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<p>[QUOTE="cladking, post: 196628, member: 68"]There are a lot of questions here and the answers can be complicated and interwoven. I'll try to provide a general overview of the mint state coins as are made for circulation and mint sets. I look at these from the perspective of the clad coins when not specifically stated otherwise. </p><p><br /></p><p>Mint state coins are struck a single time. They tend to be banged up and most </p><p>strikes tend to be very poor on the earlier moderns. Dies are often highly eroded</p><p>and exert little pressure. These coins were very poorly saved in most cases and</p><p>much of the reason is that they are so poor quality. Mint set coins were struck to</p><p>a much higher standard. They are struck by new dies and at lower speeds. Coins</p><p>are usually a little more carefully handled. </p><p><br /></p><p>Mint sets, too, were generally ignored because people just never used to care </p><p>anything about the new coins. It was not widely known that mint set coins were </p><p>superior because people weren't looking and the mint has always simply called </p><p>them uncirculated and said they are made by the same process as other coins.</p><p>While technically true this can be misleading. Many of the mint and proof sets have </p><p>been destroyed over the years and the coins placed in circulation. </p><p><br /></p><p>Mint set production is a small fraction of regular production. Even though mint set </p><p>dies are swapped out frequently there are still very few of these dies compared to</p><p>regular production dies. This means that there will be few varieties which appear </p><p>in the sets. Indeed, most varieties do not appear in the sets at all and they can be</p><p>rare in circulation due to attrition and degradation. </p><p><br /></p><p>Much of the demand for moderns is to seek varieties so collectors prefer rolls if</p><p>they exist. Those seeking gems tend to prefer the mint sets if the coin exists in</p><p>mint sets at all. It should be remembered that numerous moderns do not exist in</p><p>mint sets such as all the '82 and '83 coinage. This applies to most varieties as well. </p><p><br /></p><p>Prices are set by supply and demand. Demand tends to be very paltry compared </p><p>to demand for older coins. This demand shows up mostly in the very high grades </p><p>because it is only here that supply is even smaller than the little demand. It also </p><p>shows up to a more limited degree in the scarcer varieties. </p><p><br /></p><p>It's ironic that some of these rolls are excessively scarce but command very little </p><p>price. A roll like a 1971 dime roll is virtually unavailable at any price but the price is</p><p>tiny because of the lack of demand. These rolls, if you can find one, tend to be of</p><p>horrendous quality. With most of these early rolls it's a safe bet that when you find</p><p>one it was actually assembled from mint sets. Most of these coins go to build up </p><p>sets of the various denominations. These sets tend to be good sellers but it can be</p><p>difficult to locate all the coins needed for them so they aren't seen widely.</p><p><br /></p><p>Mint set quality is highly variable from year to year and from coin to coin. Finding</p><p>nice issues to build sets can be challenging even for one set much less wholesale quan-</p><p>tities. </p><p><br /></p><p>I'll try any more question if you can break them down a little. I'm sure this doesn't fully answer even one of your questions and there may be others with a different perspective.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 196628, member: 68"]There are a lot of questions here and the answers can be complicated and interwoven. I'll try to provide a general overview of the mint state coins as are made for circulation and mint sets. I look at these from the perspective of the clad coins when not specifically stated otherwise. Mint state coins are struck a single time. They tend to be banged up and most strikes tend to be very poor on the earlier moderns. Dies are often highly eroded and exert little pressure. These coins were very poorly saved in most cases and much of the reason is that they are so poor quality. Mint set coins were struck to a much higher standard. They are struck by new dies and at lower speeds. Coins are usually a little more carefully handled. Mint sets, too, were generally ignored because people just never used to care anything about the new coins. It was not widely known that mint set coins were superior because people weren't looking and the mint has always simply called them uncirculated and said they are made by the same process as other coins. While technically true this can be misleading. Many of the mint and proof sets have been destroyed over the years and the coins placed in circulation. Mint set production is a small fraction of regular production. Even though mint set dies are swapped out frequently there are still very few of these dies compared to regular production dies. This means that there will be few varieties which appear in the sets. Indeed, most varieties do not appear in the sets at all and they can be rare in circulation due to attrition and degradation. Much of the demand for moderns is to seek varieties so collectors prefer rolls if they exist. Those seeking gems tend to prefer the mint sets if the coin exists in mint sets at all. It should be remembered that numerous moderns do not exist in mint sets such as all the '82 and '83 coinage. This applies to most varieties as well. Prices are set by supply and demand. Demand tends to be very paltry compared to demand for older coins. This demand shows up mostly in the very high grades because it is only here that supply is even smaller than the little demand. It also shows up to a more limited degree in the scarcer varieties. It's ironic that some of these rolls are excessively scarce but command very little price. A roll like a 1971 dime roll is virtually unavailable at any price but the price is tiny because of the lack of demand. These rolls, if you can find one, tend to be of horrendous quality. With most of these early rolls it's a safe bet that when you find one it was actually assembled from mint sets. Most of these coins go to build up sets of the various denominations. These sets tend to be good sellers but it can be difficult to locate all the coins needed for them so they aren't seen widely. Mint set quality is highly variable from year to year and from coin to coin. Finding nice issues to build sets can be challenging even for one set much less wholesale quan- tities. I'll try any more question if you can break them down a little. I'm sure this doesn't fully answer even one of your questions and there may be others with a different perspective.[/QUOTE]
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