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<p>[QUOTE="tradernick, post: 18381, member: 648"]I must say I like the tone of this thread. People that are excited about buying from the mint means the hobby is doing well.</p><p><br /></p><p>Several years ago I was advising everyone NOT to buy directly from the mint. Further, many people that I spoke with flatly stated they would never again purchase mint products except from the secondary market.</p><p>The reason? For a long time you could buy mint and proof sets from coin dealers and coin shows for much CHEAPER than the original mint issue price. </p><p>Think about that for a moment. In the late 70's through the mid/late 80's, the issue price of proof sets were in the $7 to $11 range. Yet as recently as the mid 90's you could find boxes and boxes and buckets and stacks and more stacks of these sets for $4 to $6 at any show and most coin shops! </p><p><br /></p><p>Some people were so angry that they bought proof sets in the 70's and 80's directly from the mint and had to sell at a loss 10 or even 20 years later! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /> </p><p>And who could blame them? </p><p><br /></p><p>So our stance was simply this...don't buy from the mint...wait a year and buy from us and you'll get the same product at a better price...a very true statement for its time. </p><p><br /></p><p>Then something happened. The proof sets from the early 90's went up in value (frankly I think that's about the time that a LOT of people stopped buying from the mint but that's just speculation on my part). Then when the green box sets came out in '94 they were a hot item. Most of the years that followed were hot, too. Then to add fuel to the fire the states quarters program began in 1999. Proof set and mint set prices continued to rise, as did their popularity. Today they are once again riding high, despite huge mintage figures. People buy them and are eager to get duplicates. Everyone loves to talk about the new sets and even more, we all love to show them to our kids, friends, neighbors, coworkers etc. </p><p><br /></p><p>This is what coin collecting should be. An immensely enjoyable hobby to be shared with others. 20 or 30 years from now will these sets be worth LESS than the issue price? Is history doomed to repeat itself?</p><p>Could be, but personally I doubt it. The new 9 and 10 pc sets at the turn of the new century have changed proof/mint set collecting forever, IMHO. </p><p><br /></p><p>Anyway like I said, it's very nice to see a positive thread like this regarding mint products.</p><p><br /></p><p>Nick[/QUOTE]</p><p><br /></p>
[QUOTE="tradernick, post: 18381, member: 648"]I must say I like the tone of this thread. People that are excited about buying from the mint means the hobby is doing well. Several years ago I was advising everyone NOT to buy directly from the mint. Further, many people that I spoke with flatly stated they would never again purchase mint products except from the secondary market. The reason? For a long time you could buy mint and proof sets from coin dealers and coin shows for much CHEAPER than the original mint issue price. Think about that for a moment. In the late 70's through the mid/late 80's, the issue price of proof sets were in the $7 to $11 range. Yet as recently as the mid 90's you could find boxes and boxes and buckets and stacks and more stacks of these sets for $4 to $6 at any show and most coin shops! Some people were so angry that they bought proof sets in the 70's and 80's directly from the mint and had to sell at a loss 10 or even 20 years later! :mad: And who could blame them? So our stance was simply this...don't buy from the mint...wait a year and buy from us and you'll get the same product at a better price...a very true statement for its time. Then something happened. The proof sets from the early 90's went up in value (frankly I think that's about the time that a LOT of people stopped buying from the mint but that's just speculation on my part). Then when the green box sets came out in '94 they were a hot item. Most of the years that followed were hot, too. Then to add fuel to the fire the states quarters program began in 1999. Proof set and mint set prices continued to rise, as did their popularity. Today they are once again riding high, despite huge mintage figures. People buy them and are eager to get duplicates. Everyone loves to talk about the new sets and even more, we all love to show them to our kids, friends, neighbors, coworkers etc. This is what coin collecting should be. An immensely enjoyable hobby to be shared with others. 20 or 30 years from now will these sets be worth LESS than the issue price? Is history doomed to repeat itself? Could be, but personally I doubt it. The new 9 and 10 pc sets at the turn of the new century have changed proof/mint set collecting forever, IMHO. Anyway like I said, it's very nice to see a positive thread like this regarding mint products. Nick[/QUOTE]
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