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<p>[QUOTE=&quot;cladking, post: 47527, member: 68&quot;]The crash of the proof set and BU roll market should not be underestimated.&nbsp; There were large numbers of people who believed that an ever increasing demand for coins would push the prices of late date coins through the roof.&nbsp; They had witnessed earlier roll from the early and mid &#039;50&#039;s languish for a brief period and then increase at twenty or fifty percent annual rates.&nbsp; Earlier rolls had also done well.&nbsp; At the time the average baby boomer was approaching a typical age to begin collecting and many millions were already scouring pocket change.&nbsp; This market was highly speculative and would have crashed before long even without outside influence, but the announcement that coinage was changing to cu/ ni clad seemed to be the trigger at the time.&nbsp; While the public hardly noticed a change, collectors loathed the new coins.&nbsp; It ended the highly prized silver coins as well as both mint and proof sets.&nbsp; The elimination of mint marks even discouraged cent and nickel collectors and many stopped their sets at this time.&nbsp; There was also a move in Congress to make coin collecting illegal!&nbsp; This was the Bible bill and would have affected any coins which were considered &quot;too common&quot; to collect.&nbsp; </p><p><br /></p><p>Also of great impact was the announcement that dates were to be frozen.&nbsp; Initially this was to apply to all coins but then they said the 1965 date would be coined and it would be permanently frozen until there was no evidence that collectors were still hoarding new coin.&nbsp; The &#039;65 date was continued well into 1966 and the mint said they might consider adding back mint marks.&nbsp; </p><p><br /></p><p>All of this worked to sour collectors on new coins, but the tremendous losses incurred in the roll market crash was a lesson that many of we old-timers have never forgotten.&nbsp; </p><p><br /></p><p>Saving new coin plummeted in 1965 but there were still huge numbers of new coin set aside.&nbsp; As hoarders discovered that there was absolutely no market for these coins the setting aside of new coin continued to plummet every year until 1970.&nbsp; There are some rolls of this era which are simply unavailable because they were never set aside.&nbsp; On the rare occasion a roll of something like 1969 quarters is seen it will be a roll assembled from mint sets.&nbsp; Generally this is of no great import since mint sets are still available except that varieties usually do not appear in mint sets.&nbsp; This makes many of the arieties of this era excrutiatingly rare in uncirculated condition.&nbsp; Indeed varieties had a double whammy;&nbsp; no one cared enough to look at the coins to identify them and then there were no rolls available after the year of issue to locate them.&nbsp; It also is a problem because some specific mint set coins are almost always in a very unattractive condition. (like &#039;71 quarters).&nbsp; In the future it is likely to be a far greater problem due to the huge attrition of mint and proof sets over the years.&nbsp; Here we are finally getting to the point that people have some interest in these coins and the sets are almost all gone from years of neglect.[/QUOTE]</p><p><br /></p>

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