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<p>[QUOTE=&quot;johnmilton, post: 21486406, member: 101855&quot;]In the early to mid 1960s, putting away coins by the roll was very popular among collectors, investors and speculators/hoarders. The Coin Dealer Newsletter got its start covering this market. A larger percentage of the mintages was taken from circulation than is the case today.</p><p><br /></p><p>This probably got started with dealers. For a lot of the 20th century, dealers would set aside a few rolls of the current coins at face value or close to it. Over the years, these rolls of coins were their inventory. The dealers sold them at the going market prices. Those prices could get quite high if a date and mint combinations proved to be the keys to a set of coins. This was the source for many of the 20th century Mint State coins we have today.</p><p><br /></p><p>The hoarding of new coins did get out of hand. It’s the reason why cents from the early 1960s are not worth much more than face value in Mint State, unless, of course, a grading company says a single piece in a slab is in a super high grade.[/QUOTE]</p><p><br /></p>

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