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<p>[QUOTE="cladking, post: 7362173, member: 68"]Let me say this another way.</p><p><br /></p><p>The largest group of '73 mint sets I was ever able to check at one time was at a dealer in Indianapolis who had about 500 nice fresh sets back around 1978. From these I bought about five sets that were mixed and matched so they each had Gem P and D packets and a couple odd balls and no envelopes. I paid a premium price for these for the privilege of cherry picking them. If I remember correctly there were only four or five nice gemmy Ikes with a weak MS-66 and a few MS-65. There were some great quarters and a top notch Denver nickel. </p><p><br /></p><p>Now you might be thinking the 500 rejects have been a drag on the market for the last half century but this isn't the way it probably worked. Each of these 500 sets had a high probability of being destroyed. Very few people even bought one set in those days so odds are a few were sold to walk in customers but 95% of them ended up being shipped to a wholesaler and cut up within the next few years. They may have wholesaled a few themselves but in those days this was pretty uncommon. Those sold to wholesalers are almost all cut up. Most maintain a significant inventory of sets but they get in far more than can be sold as sets. So the sets are randomly cut up to make BU rolls. This is the source of most BU clad rolls because nobody set aside most dates. These BU rolls are primarily used to make date and mintmark sets and sold to the general public or on television. They used to be sold in the backs of the coin papers as well. Indeed a few companies even sold them in ads throughout the paper. There were actually roll sellers in the classified and these were original rolls but sales even in aggregate over many years were quite low. These sellers told me that even back in the '70's they couldn't put together a single roll set without calling several of their customers to get the key dates. One told me he sold less than two bags of 1969 quarters in the first seven years before sales dried up and he took the rest to the bank. </p><p><br /></p><p>The average 1973 mint set in 1978 had a 65% chance of being destroyed by now. But the sets that were picked over had a 90% chance of being destroyed. This leaves a lot of original sets in dealer inventories and most of them are at the corner coin shops. </p><p><br /></p><p>I've picked over sets at wholesalers a little bit but generally speaking a lot of their sets are already picked over. Wholesalers have been picking over their own sets for a long time. They do it so quickly they miss a lot of coins but they do it.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 7362173, member: 68"]Let me say this another way. The largest group of '73 mint sets I was ever able to check at one time was at a dealer in Indianapolis who had about 500 nice fresh sets back around 1978. From these I bought about five sets that were mixed and matched so they each had Gem P and D packets and a couple odd balls and no envelopes. I paid a premium price for these for the privilege of cherry picking them. If I remember correctly there were only four or five nice gemmy Ikes with a weak MS-66 and a few MS-65. There were some great quarters and a top notch Denver nickel. Now you might be thinking the 500 rejects have been a drag on the market for the last half century but this isn't the way it probably worked. Each of these 500 sets had a high probability of being destroyed. Very few people even bought one set in those days so odds are a few were sold to walk in customers but 95% of them ended up being shipped to a wholesaler and cut up within the next few years. They may have wholesaled a few themselves but in those days this was pretty uncommon. Those sold to wholesalers are almost all cut up. Most maintain a significant inventory of sets but they get in far more than can be sold as sets. So the sets are randomly cut up to make BU rolls. This is the source of most BU clad rolls because nobody set aside most dates. These BU rolls are primarily used to make date and mintmark sets and sold to the general public or on television. They used to be sold in the backs of the coin papers as well. Indeed a few companies even sold them in ads throughout the paper. There were actually roll sellers in the classified and these were original rolls but sales even in aggregate over many years were quite low. These sellers told me that even back in the '70's they couldn't put together a single roll set without calling several of their customers to get the key dates. One told me he sold less than two bags of 1969 quarters in the first seven years before sales dried up and he took the rest to the bank. The average 1973 mint set in 1978 had a 65% chance of being destroyed by now. But the sets that were picked over had a 90% chance of being destroyed. This leaves a lot of original sets in dealer inventories and most of them are at the corner coin shops. I've picked over sets at wholesalers a little bit but generally speaking a lot of their sets are already picked over. Wholesalers have been picking over their own sets for a long time. They do it so quickly they miss a lot of coins but they do it.[/QUOTE]
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