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Unique Finish - 1983 Philadelphia Mint Souvenir Set
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<p>[QUOTE="cladking, post: 8087289, member: 68"]A lot has been going on in the mint set market since February. These sets are still suffering extreme attrition and degradation through tarnish and lack of concern but this is where the good news lies. The set prices have come up to and even exceed the aggregate prices of the coins in them. For years a $4 mint set contained six or seven dollars worth of coins. Now the prices of the coins are firming and increasing and the sets are worth more than the coins. So that $4 now has $8 worth of coins and sells for $9 instead of four. The premiums (value over face) are up many multiples on some coins. Two years ago you couldn't give away a 1974 mint set for more than a few cents over face value, and now it wholesales at $11. </p><p><br /></p><p>I've also found a quicker, cleaner, and easier way to clean the coins. This is not a cure all and many coins need other measures and really bad coins can't be restored at all but dilute dishwashing liquid will restore most lightly tarnished coins. I still use acetone and 91% isopropyl along with a few others but the new technique has greatly streamlined the process. </p><p><br /></p><p><br /></p><p>Right now it's Ike and half dollars driving these prices but very soon I expect the demand for the quarters and dimes to simply swamp the surviving supply of mint sets. I'm expecting continuing increases in Ikes, faster increases in half and a virtual buying panic in the other clads. Buyers are looking for nice chBU coins meaning white or toned coins with luster and minimal marking. As issued about 90% of mint set coins (depending on date) were of this grade or higher. There aren't many roll coins but they are less likely to meet it for several reasons. The one cent coins and nickels will surprise people as well. Most of these are exceedingly common and are "never" going to have much premium but other dates can be extremely elusive because they were never set aside, the rolls tarnished, or the mint set coins tarnished. There are going to be quite a few that have significant premiums in nice grade. Some of the commoner ones have fewer surviving coins in BU than the '50-D nickel. The scarce ones will surprise people. </p><p><br /></p><p>Price increases are very subdued right now because they made million of sets and they've been coming out of the woodwork but the market will chew through these pretty quick I think. Most of the mint sets have been destroyed through apathy and tarnish.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 8087289, member: 68"]A lot has been going on in the mint set market since February. These sets are still suffering extreme attrition and degradation through tarnish and lack of concern but this is where the good news lies. The set prices have come up to and even exceed the aggregate prices of the coins in them. For years a $4 mint set contained six or seven dollars worth of coins. Now the prices of the coins are firming and increasing and the sets are worth more than the coins. So that $4 now has $8 worth of coins and sells for $9 instead of four. The premiums (value over face) are up many multiples on some coins. Two years ago you couldn't give away a 1974 mint set for more than a few cents over face value, and now it wholesales at $11. I've also found a quicker, cleaner, and easier way to clean the coins. This is not a cure all and many coins need other measures and really bad coins can't be restored at all but dilute dishwashing liquid will restore most lightly tarnished coins. I still use acetone and 91% isopropyl along with a few others but the new technique has greatly streamlined the process. Right now it's Ike and half dollars driving these prices but very soon I expect the demand for the quarters and dimes to simply swamp the surviving supply of mint sets. I'm expecting continuing increases in Ikes, faster increases in half and a virtual buying panic in the other clads. Buyers are looking for nice chBU coins meaning white or toned coins with luster and minimal marking. As issued about 90% of mint set coins (depending on date) were of this grade or higher. There aren't many roll coins but they are less likely to meet it for several reasons. The one cent coins and nickels will surprise people as well. Most of these are exceedingly common and are "never" going to have much premium but other dates can be extremely elusive because they were never set aside, the rolls tarnished, or the mint set coins tarnished. There are going to be quite a few that have significant premiums in nice grade. Some of the commoner ones have fewer surviving coins in BU than the '50-D nickel. The scarce ones will surprise people. Price increases are very subdued right now because they made million of sets and they've been coming out of the woodwork but the market will chew through these pretty quick I think. Most of the mint sets have been destroyed through apathy and tarnish.[/QUOTE]
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Unique Finish - 1983 Philadelphia Mint Souvenir Set
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