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Why are old US mint sets worth more than face? It's seems the cardboard is the only thing of value.
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<p>[QUOTE="GDJMSP, post: 3146976, member: 112"]Are you missing something ? Yes, scarcity. </p><p><br /></p><p>Back when I collected US coins I had tried for 40 years to put together a complete set of modern US Proof and Mint Sets in original packaging - with modern being defined as starting in 1936. Now imagine if you will, 40 years of effort, hard effort, and yet I was still unable to complete the task. I came close but never got all the way there. When I finally stopped collecting US coins I still lacked the '47 and '48 Mint Sets, and the '36 - '42 Proof Sets. </p><p><br /></p><p>To put things into the proper perspective you should also understand that I had numerous dealers looking for these sets for me, and I attended every coin show I could, both large and small and went through tens of thousands of sets over the years - and I was still unable to complete the task. That's how scarce some of those sets are.</p><p><br /></p><p>Now the 2 Mint Sets I was missing, I did run across one or two, but the owners wanted stupid money for them and I would not pay that. The Proof Sets I was missing, in 40 years of searching I only ever found 1, just 1, a '41. And again they wanted stupid money. That time I would have actually paid it, but as it happened I didn't have that much at the time and so that one got away from me.</p><p><br /></p><p>It was not until 2014 that a member here who happened to be a dealer posted pictures of an original '42 Proof Set that he had acquired. And that set was only the second set of the pre-war sets that I had ever even seen ! And it was 12 years after I stopped collecting US coins. </p><p><br /></p><p>So, 50 plus years of hard, continuous searching and those few sets simply never turned up. That's how scarce they actually are, and why they are worth so much ![/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3146976, member: 112"]Are you missing something ? Yes, scarcity. Back when I collected US coins I had tried for 40 years to put together a complete set of modern US Proof and Mint Sets in original packaging - with modern being defined as starting in 1936. Now imagine if you will, 40 years of effort, hard effort, and yet I was still unable to complete the task. I came close but never got all the way there. When I finally stopped collecting US coins I still lacked the '47 and '48 Mint Sets, and the '36 - '42 Proof Sets. To put things into the proper perspective you should also understand that I had numerous dealers looking for these sets for me, and I attended every coin show I could, both large and small and went through tens of thousands of sets over the years - and I was still unable to complete the task. That's how scarce some of those sets are. Now the 2 Mint Sets I was missing, I did run across one or two, but the owners wanted stupid money for them and I would not pay that. The Proof Sets I was missing, in 40 years of searching I only ever found 1, just 1, a '41. And again they wanted stupid money. That time I would have actually paid it, but as it happened I didn't have that much at the time and so that one got away from me. It was not until 2014 that a member here who happened to be a dealer posted pictures of an original '42 Proof Set that he had acquired. And that set was only the second set of the pre-war sets that I had ever even seen ! And it was 12 years after I stopped collecting US coins. So, 50 plus years of hard, continuous searching and those few sets simply never turned up. That's how scarce they actually are, and why they are worth so much ![/QUOTE]
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Why are old US mint sets worth more than face? It's seems the cardboard is the only thing of value.
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