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<p>[QUOTE="cladking, post: 1261467, member: 68"]Most world mint sets from the '50's to '90's are grossly undervalued. Indeed most world cu/ ni coins of high denomination since WW II are grossly undervalued and especially if they didn't appear in mint sets. People quit saving new coins all over the world when silver was removed and now many of these coins are scarce or rare. Being in a mint set increases the chances of some surviving but the mint sets have suffered horrendous attrition because the aggregate price of the coins in these sets tends to be two or three dollars. People didn't care about cheap coins that everyone considered common and the coins were cut out and dumped in junk boxes. In modern times high mintages actually work against the survivability of a coin because it is considered common and undesirable. This constitutes three strikes against base metal coins and they were never saved new or even as they wore out. Now most have been destroyed to make consumer products so all that survive are a handful of highly degraded coins that people forgot to exchange. </p><p><br /></p><p>Mint set coins are typically better made coins because they were specially made for sets or they were specially selected for sets. Mintages tend to be very low, quality is very high, and attrition is staggering. They made only five or ten thousand of the Swiss mint sets for instance and most of these coins appear virtually Proof Like. The same thing applies to the Russian mint sets. There are numerous mint sets not listed in Krause but most of these had mintages of a few hundred and even heavily produced sets are normally under 10,000. </p><p><br /></p><p>Don't just run out and spend money on these sets though or you'll end up with a lot of common sets. Do your due diligence. I personally would avoid the sets that have already gone up hundreds fold but if you want to collect these then that should be OK. Keep in mind that the market for moderns is still thin so these markets are not as mature as the old coins. Price changes can be substantial and some have gone down. </p><p><br /></p><p>I think it's safe to predict that the rarities of this century are going to prove to be the coins made in the last half of the 20th century. I believe there will prove to be a startling number of high mintage coins that don't exist in unc at all. A few of these will be tough in any grade. Countries with a rapidly growing middle class are the ones where the most price action will be seen first. </p><p><br /></p><p>They made huge numbers of things like Indian mint sets but these aren't much seen in the US. I'd guess the attrition on these might be among the highest of moderns. Indian proof sets are highly desirable and these also have substantial attrition since they contain silver. I'd wager a few of these are being destroyed now because the owner doesn't know they've increased dramatically this year and he's just getting rid of "junk silver". While proof sets are unlikely to have the demand that the mint sets get and have much lower attrition usually, I believe many world proof sets may be a good longer term purchase.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1261467, member: 68"]Most world mint sets from the '50's to '90's are grossly undervalued. Indeed most world cu/ ni coins of high denomination since WW II are grossly undervalued and especially if they didn't appear in mint sets. People quit saving new coins all over the world when silver was removed and now many of these coins are scarce or rare. Being in a mint set increases the chances of some surviving but the mint sets have suffered horrendous attrition because the aggregate price of the coins in these sets tends to be two or three dollars. People didn't care about cheap coins that everyone considered common and the coins were cut out and dumped in junk boxes. In modern times high mintages actually work against the survivability of a coin because it is considered common and undesirable. This constitutes three strikes against base metal coins and they were never saved new or even as they wore out. Now most have been destroyed to make consumer products so all that survive are a handful of highly degraded coins that people forgot to exchange. Mint set coins are typically better made coins because they were specially made for sets or they were specially selected for sets. Mintages tend to be very low, quality is very high, and attrition is staggering. They made only five or ten thousand of the Swiss mint sets for instance and most of these coins appear virtually Proof Like. The same thing applies to the Russian mint sets. There are numerous mint sets not listed in Krause but most of these had mintages of a few hundred and even heavily produced sets are normally under 10,000. Don't just run out and spend money on these sets though or you'll end up with a lot of common sets. Do your due diligence. I personally would avoid the sets that have already gone up hundreds fold but if you want to collect these then that should be OK. Keep in mind that the market for moderns is still thin so these markets are not as mature as the old coins. Price changes can be substantial and some have gone down. I think it's safe to predict that the rarities of this century are going to prove to be the coins made in the last half of the 20th century. I believe there will prove to be a startling number of high mintage coins that don't exist in unc at all. A few of these will be tough in any grade. Countries with a rapidly growing middle class are the ones where the most price action will be seen first. They made huge numbers of things like Indian mint sets but these aren't much seen in the US. I'd guess the attrition on these might be among the highest of moderns. Indian proof sets are highly desirable and these also have substantial attrition since they contain silver. I'd wager a few of these are being destroyed now because the owner doesn't know they've increased dramatically this year and he's just getting rid of "junk silver". While proof sets are unlikely to have the demand that the mint sets get and have much lower attrition usually, I believe many world proof sets may be a good longer term purchase.[/QUOTE]
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