Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why are old US mint sets worth more than face? It's seems the cardboard is the only thing of value.
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 3179351, member: 68"]A better question might be why are the coins in the later mint sets worth far more than the mint set. when you understand the answer to this question you'll understand why intact sets from the '50's are worth more than the sum of their coins. </p><p><br /></p><p>There is a demand for every US coin ever issued. Almost all of this demand is for coins minted before 1965. The demand for later coins is miniscule but they are cut out of mint sets to sell. The sellers prefer to buy them already cut and culls removed. This means they offer higher prices to buy them in this form and this sets the wholesale price for BU rolls. Of course they're happy to get work-a-day rolls but few of these exist and those that do are often inferior quality which can't be sold. Only pennies and nickels were set aside in rolls in significant numbers and availability is spotty even for these. Some like '97-D nickels are rarely seen. </p><p><br /></p><p>Those coins made after 1933 and before 1965 were set aside in huge numbers so few have much of any premium. But the mint sets that contain these coins were made in tiny numbers and have had large attrition. Mint sets for these early dates are not readily available so what you're seeing is largely the effect of the demand of mint set collectors who simply desire a set of each date. Of course the supply is further stressed by collectors picking over these sets looking for Gems. They know these sets contain some of the finest coins made and they seek the specific sets that contain one of these superb specimens. They tend to bid against each other with set collectors winning the original (unopened) and typical sets and Gem collectors winning those sets with the finest coins. The wholesale price of sets is largely set by what a set collector will pay and the price of an individual set will be much higher if has a superb Gem or believed it might contain one.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3179351, member: 68"]A better question might be why are the coins in the later mint sets worth far more than the mint set. when you understand the answer to this question you'll understand why intact sets from the '50's are worth more than the sum of their coins. There is a demand for every US coin ever issued. Almost all of this demand is for coins minted before 1965. The demand for later coins is miniscule but they are cut out of mint sets to sell. The sellers prefer to buy them already cut and culls removed. This means they offer higher prices to buy them in this form and this sets the wholesale price for BU rolls. Of course they're happy to get work-a-day rolls but few of these exist and those that do are often inferior quality which can't be sold. Only pennies and nickels were set aside in rolls in significant numbers and availability is spotty even for these. Some like '97-D nickels are rarely seen. Those coins made after 1933 and before 1965 were set aside in huge numbers so few have much of any premium. But the mint sets that contain these coins were made in tiny numbers and have had large attrition. Mint sets for these early dates are not readily available so what you're seeing is largely the effect of the demand of mint set collectors who simply desire a set of each date. Of course the supply is further stressed by collectors picking over these sets looking for Gems. They know these sets contain some of the finest coins made and they seek the specific sets that contain one of these superb specimens. They tend to bid against each other with set collectors winning the original (unopened) and typical sets and Gem collectors winning those sets with the finest coins. The wholesale price of sets is largely set by what a set collector will pay and the price of an individual set will be much higher if has a superb Gem or believed it might contain one.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why are old US mint sets worth more than face? It's seems the cardboard is the only thing of value.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...