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<p>[QUOTE="cladking, post: 14231710, member: 68"]Depends on your perspective.</p><p><br /></p><p>These are exactly the sets I'm talking about. The %age that have been destroyed is much higher than the older sets. </p><p><br /></p><p>If you're just looking at the bid on the sets most have only about doubled or a little more but my perspective is different because I see the premiums to face value. It is these premiums that have sky rocketed. The premiums are closely correlated to what I can sell the pieces for so are of paramount interest. Where premiums used to be measured in a few cents they are now measured in a few dollars. </p><p><br /></p><p>At the same time I can also sell Gems at even greater premiums because of the cost to find them yourself. Two years ago you could buy a few mint sets and be assured of finding a Gem. Even the toughest Gems like the '76 type I Ikes required only 200 1975 mint sets. At a small premium this was not very costly but this set now has a $5 premium so the cost of the coin is $1000 making it far easier to sell mine. </p><p><br /></p><p>Going forward I think we'll see the continued rapid drawdown in the availability on the sets and much higher prices on chBU and Gem coinage from them. Indeed, just about any of the coins that aren't tarnished should get some sort of premium. </p><p><br /></p><p>Few people have any appreciation of the difficulty of obtaining choice specimens of most moderns. Coins like 1968 and 1984 cents are almost invariably spotted or having very unattractive surfaces. The '84 is probably legitimately rare in Gem but I've only looked in a few dozen "BU" rolls. These coins come awful and most are rolls are skunked; they've oxidized. Even if you find a nice roll the coins are ugly. Only about 1% of mint set coins have nice surfaces and most of these are spotted now days. This applies across the board to a greater or lesser extent. The coins have always been tough but it wasn't known because there was no demand. Now the demand is there. </p><p><br /></p><p>98% of '68 cents are carbon spotted and many of the rest are tarnished and can't be cleaned. Gems of this date were once extremely common but now most of the mint sets are gone and the survivors are tarnished. So when you see these new higher prices don't forget they are mostly for tarnished sets. </p><p><br /></p><p>Yes, there are still millions and millions of mint sets but if you look closer you'll see many of the coins that should be in one are not or is not a choice specimen.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 14231710, member: 68"]Depends on your perspective. These are exactly the sets I'm talking about. The %age that have been destroyed is much higher than the older sets. If you're just looking at the bid on the sets most have only about doubled or a little more but my perspective is different because I see the premiums to face value. It is these premiums that have sky rocketed. The premiums are closely correlated to what I can sell the pieces for so are of paramount interest. Where premiums used to be measured in a few cents they are now measured in a few dollars. At the same time I can also sell Gems at even greater premiums because of the cost to find them yourself. Two years ago you could buy a few mint sets and be assured of finding a Gem. Even the toughest Gems like the '76 type I Ikes required only 200 1975 mint sets. At a small premium this was not very costly but this set now has a $5 premium so the cost of the coin is $1000 making it far easier to sell mine. Going forward I think we'll see the continued rapid drawdown in the availability on the sets and much higher prices on chBU and Gem coinage from them. Indeed, just about any of the coins that aren't tarnished should get some sort of premium. Few people have any appreciation of the difficulty of obtaining choice specimens of most moderns. Coins like 1968 and 1984 cents are almost invariably spotted or having very unattractive surfaces. The '84 is probably legitimately rare in Gem but I've only looked in a few dozen "BU" rolls. These coins come awful and most are rolls are skunked; they've oxidized. Even if you find a nice roll the coins are ugly. Only about 1% of mint set coins have nice surfaces and most of these are spotted now days. This applies across the board to a greater or lesser extent. The coins have always been tough but it wasn't known because there was no demand. Now the demand is there. 98% of '68 cents are carbon spotted and many of the rest are tarnished and can't be cleaned. Gems of this date were once extremely common but now most of the mint sets are gone and the survivors are tarnished. So when you see these new higher prices don't forget they are mostly for tarnished sets. Yes, there are still millions and millions of mint sets but if you look closer you'll see many of the coins that should be in one are not or is not a choice specimen.[/QUOTE]
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