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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: 3186677, member: 112"]For the most part hype, misinformation, and popularity dictates what happens price wise when it comes to modern mint products. In other words high prices are almost always temporary. And yeah I'll grant you the length of just how temporary can vary. Sometimes it might be as little as a month, other times a few years, other times even 10 years. But it almost always drops back to very little. Sure, there are a few exceptions, but not very dang many.</p><p><br /></p><p>As a general rule, the only annual Mint Sets and Proof sets that actually hold their value are the older ones. And I'm defining older as '64 and older. And typically the older the higher the value.</p><p><br /></p><p><br /></p><p><br /></p><p>They are both annual sets, the difference is the method of manufacture. Proofs are made a different way than business strikes are. Proofs are made using specially prepared planchets and specially prepared dies, and they are struck more than once. And the modern ones (defined as '73 and newer) have mirrored fields and frosted devices. Those minted '72 and earlier rarely have frosted devices, and the older they are the less likely they will have frosted devices.</p><p><br /></p><p>Mint Sets are business strikes, typically no special planchets and no special dies. Though some years (those with Satin finishes) do have special dies. For a great many years the coins placed into the annual Mint Sets were merely taken from the batch of coins minted for use in circulation - just regular coins in other words. In later, more recent years, they were not. If memory serves that changed in the '90s and they came from a separate minting run. Often the coins found in the more modern annual Mint Sets are nicer than regular business strikes. But that is by no means a given - in other words they aren't always nicer - just sometimes.</p><p><br /></p><p>Value wise, what is normal in most cases is that after a few years Mint Sets and Proof Sets both drop to under their initial selling price, or at the least very close to it. As I mentioned above, only the older sets retain their values.</p><p><br /></p><p>So, if you are buying your grandchildren these sets, yeah they make nice gifts for the kids and may become special to them in years to come for sentimental reasons. But it is highly unlikely they will ever be worth much. So if that matters to you - keep it in mind. If it doesn't - carry on <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3186677, member: 112"]For the most part hype, misinformation, and popularity dictates what happens price wise when it comes to modern mint products. In other words high prices are almost always temporary. And yeah I'll grant you the length of just how temporary can vary. Sometimes it might be as little as a month, other times a few years, other times even 10 years. But it almost always drops back to very little. Sure, there are a few exceptions, but not very dang many. As a general rule, the only annual Mint Sets and Proof sets that actually hold their value are the older ones. And I'm defining older as '64 and older. And typically the older the higher the value. They are both annual sets, the difference is the method of manufacture. Proofs are made a different way than business strikes are. Proofs are made using specially prepared planchets and specially prepared dies, and they are struck more than once. And the modern ones (defined as '73 and newer) have mirrored fields and frosted devices. Those minted '72 and earlier rarely have frosted devices, and the older they are the less likely they will have frosted devices. Mint Sets are business strikes, typically no special planchets and no special dies. Though some years (those with Satin finishes) do have special dies. For a great many years the coins placed into the annual Mint Sets were merely taken from the batch of coins minted for use in circulation - just regular coins in other words. In later, more recent years, they were not. If memory serves that changed in the '90s and they came from a separate minting run. Often the coins found in the more modern annual Mint Sets are nicer than regular business strikes. But that is by no means a given - in other words they aren't always nicer - just sometimes. Value wise, what is normal in most cases is that after a few years Mint Sets and Proof Sets both drop to under their initial selling price, or at the least very close to it. As I mentioned above, only the older sets retain their values. So, if you are buying your grandchildren these sets, yeah they make nice gifts for the kids and may become special to them in years to come for sentimental reasons. But it is highly unlikely they will ever be worth much. So if that matters to you - keep it in mind. If it doesn't - carry on ;)[/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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