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Why Are IKE's Absent In '71 and '72 Mint Sets?
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<p>[QUOTE="cladking, post: 25901, member: 68"]There were probably several reasons the mint didn't put Ikes in the mint sets the first couple of years. To a small extent it may have been inertia and the fact that the packaging for the set was already ordered when the Ike was "rushed" into production. If memory serves it also would have required some retrofitting of the mint set filling system which was already partially automated. </p><p><br /></p><p>Perhaps more importantly is that the clad coinage had proven pretty unpopular with collectors and it was believed that a substantial increase in mint set price would severely curtail sales. This was proven at least in part when the '73 set had about a 40% drop in sales with the addition of the Ike despite it being a mint set only coin. There were very few people setting aside any coins for the future in those days. While the Ike was relatively heavily saved it was because very few people were setting aside very substantial quantities. </p><p><br /></p><p>Also remember the mint was bringing back the 40% silver composition which had been discontinued with the '70 half dollar. These special San Francisco coins in unc and proof would have had lower mintages if they had to compete with the mint set issues. </p><p><br /></p><p>The mint did make a couple of comments about the subject at the time but they escape my memory.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 25901, member: 68"]There were probably several reasons the mint didn't put Ikes in the mint sets the first couple of years. To a small extent it may have been inertia and the fact that the packaging for the set was already ordered when the Ike was "rushed" into production. If memory serves it also would have required some retrofitting of the mint set filling system which was already partially automated. Perhaps more importantly is that the clad coinage had proven pretty unpopular with collectors and it was believed that a substantial increase in mint set price would severely curtail sales. This was proven at least in part when the '73 set had about a 40% drop in sales with the addition of the Ike despite it being a mint set only coin. There were very few people setting aside any coins for the future in those days. While the Ike was relatively heavily saved it was because very few people were setting aside very substantial quantities. Also remember the mint was bringing back the 40% silver composition which had been discontinued with the '70 half dollar. These special San Francisco coins in unc and proof would have had lower mintages if they had to compete with the mint set issues. The mint did make a couple of comments about the subject at the time but they escape my memory.[/QUOTE]
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