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Why no mint sets in 82 or 83?
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<p>[QUOTE="cladking, post: 2905586, member: 68"]The mint sure didn't love us in 1982.</p><p><br /></p><p>It was an unusual time for hobby/ mint relations. The mint knew nobody cared about circulation coins and nobody would complain about the abysmal quality of the coins being produced. They just went year after year cranking out the same old designs with different dates that nobody cared about. The only mint products were proof and mint sets but people apparently were buying them only because they were the only things you could buy. Congress had them producing gold medals and it was the year of the return of commems (Washington half), but even with the Washington coin quality was poor.</p><p><br /></p><p>People and collectors paid little heed to the mint or coins made for circulation. Collecting Gems of modern coins was in its infancy with most of the attention having been focused on Ikes the longest, Kennedys for only a couple years and the attention on nickels was new. The mint was likely aware of this new found interest but took no steps to improve quality until 1984 and actually suspended mint set production on Reagan's edict according to the mint. This suspension was critical because coins simply weren't being set aside in those days and most of the Gems were coming from mint sets. Many people didn't even notice that mint sets were discontinued and quality took a nose dive in '82. I couldn't find a nice '82-P quarter until the end of September even after extensive sampling all over the midwest. And then I found it virtually in my own front yard and literally at my own bank. Obtaining a bag of them was extremely difficult because there was no mechanism for buying a bag. The vault manager told me he called several other vault managers in the Chicago area and they had never heard of anyone requesting a bag of anything other than one cent coins! </p><p><br /></p><p>In retrospect the cessation of mint sets seems nearly a calculated move. These coins are really quite scarce in pristine condition but the fact isn't widely known so the demand is very low. All the '82 and '83 issues are fairly scarce and this especially applies to well struck examples in pristine condition.</p><p><br /></p><p>The mint eventually got what it wanted; vast profits on the coins made for circulation and its catalog.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2905586, member: 68"]The mint sure didn't love us in 1982. It was an unusual time for hobby/ mint relations. The mint knew nobody cared about circulation coins and nobody would complain about the abysmal quality of the coins being produced. They just went year after year cranking out the same old designs with different dates that nobody cared about. The only mint products were proof and mint sets but people apparently were buying them only because they were the only things you could buy. Congress had them producing gold medals and it was the year of the return of commems (Washington half), but even with the Washington coin quality was poor. People and collectors paid little heed to the mint or coins made for circulation. Collecting Gems of modern coins was in its infancy with most of the attention having been focused on Ikes the longest, Kennedys for only a couple years and the attention on nickels was new. The mint was likely aware of this new found interest but took no steps to improve quality until 1984 and actually suspended mint set production on Reagan's edict according to the mint. This suspension was critical because coins simply weren't being set aside in those days and most of the Gems were coming from mint sets. Many people didn't even notice that mint sets were discontinued and quality took a nose dive in '82. I couldn't find a nice '82-P quarter until the end of September even after extensive sampling all over the midwest. And then I found it virtually in my own front yard and literally at my own bank. Obtaining a bag of them was extremely difficult because there was no mechanism for buying a bag. The vault manager told me he called several other vault managers in the Chicago area and they had never heard of anyone requesting a bag of anything other than one cent coins! In retrospect the cessation of mint sets seems nearly a calculated move. These coins are really quite scarce in pristine condition but the fact isn't widely known so the demand is very low. All the '82 and '83 issues are fairly scarce and this especially applies to well struck examples in pristine condition. The mint eventually got what it wanted; vast profits on the coins made for circulation and its catalog.[/QUOTE]
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Why no mint sets in 82 or 83?
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