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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="cladking, post: 3187247, member: 68"]Yeah, I know I've said it a thousand times before but the fact is most of the coins made after 1964 are much scarcer than the older coins and they are inexpensive only because there is so little demand. </p><p><br /></p><p>Mint sets are the source of most moderns but they are priced based on face value even though they are worth far more out of the set. </p><p><br /></p><p>Proof sets are the source of most proof moderns and while they are still numerous and quality is a given for every date, they are no longer as numerous as the perception. </p><p><br /></p><p>75% of the mint sets are gone entirely now and many of those left have tarnished coins. Half of the proof sets are gone though many of the coins from them are still around. Of those removed from the sets many are degraded. I'd figure the total population of BU clad from the early years is ~30% of mint set production and total population of proofs that are still nice is about 60% of proof set production. </p><p><br /></p><p>Penny and nickel availability is all over the map with some being common and others tougher than the '50-D nickel.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3187247, member: 68"]Yeah, I know I've said it a thousand times before but the fact is most of the coins made after 1964 are much scarcer than the older coins and they are inexpensive only because there is so little demand. Mint sets are the source of most moderns but they are priced based on face value even though they are worth far more out of the set. Proof sets are the source of most proof moderns and while they are still numerous and quality is a given for every date, they are no longer as numerous as the perception. 75% of the mint sets are gone entirely now and many of those left have tarnished coins. Half of the proof sets are gone though many of the coins from them are still around. Of those removed from the sets many are degraded. I'd figure the total population of BU clad from the early years is ~30% of mint set production and total population of proofs that are still nice is about 60% of proof set production. Penny and nickel availability is all over the map with some being common and others tougher than the '50-D nickel.[/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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