Special Mint Sets

DisneyFan

Do coins from special mint sets have any premium value after they have been removed from their cardboard holder? Do they have distinctive toning? Are they found in TPG slabs?

coinbuf

Often SMS coins have lower values than business strikes

jmlanzaf

@coinbuf said:
Often SMS coins have lower values than business strikes

In the same grade. They are more likely to be of higher grade.

Cocoinut

SMS's were not issued in cardboard holders. The 1965 sets were in pliofilm, like 1955-1964 proof sets; the 1966 and 1967 were in hard plastic cases with a blue background.

jmlanzaf

@Cocoinut said:
SMS's were not issued in cardboard holders. The 1965 sets were in pliofilm, like 1955-1964 proof sets; the 1966 and 1967 were in hard plastic cases with a blue background.

There's a cardboard holder inside the plastic case. I assume that's what the OP meant.

DisneyFan

Sorry I wasn't more clear. My coins are from the 1948 SMS also known as a "double" (sic) mint set

Jzyskowski1

?

thefinn

@DisneyFan said:
Sorry I wasn't more clear. My coins are from the 1948 SMS also known as a "double" (sic) mint set

That's a Mint Set, not a Special Mint Set. The coins could grade higher, but you have to make sure the original coins haven't already been swapped out.

DisneyFan

@thefinn said:

@DisneyFan said:
Sorry I wasn't more clear. My coins are from the 1948 SMS also known as a "double" (sic) mint set

That's a Mint Set, not a Special Mint Set. The coins could grade higher, but you have to make sure the original coins haven't already been swapped out.

The coins are already out. This was done during the time when putting coins in plastic Capital holders was the thing to do. I bought half of the 1948-S set in a plastic Whitman holder forty years ago and told they were from the "government mint set." The quarter is toned on the obverse. The dime on the reverse. The nickel possibly very lightly toned on the obverse and the penny toned on the obverse and lightly on the reverse. The toning is all even. The untoned sides are blast white. They have been stored in a dark place the whole time I've owned them.

ricko

I evaluate each coin on the merits displayed. Coins removed from their sets normally lose the distinction since it becomes unverifiable unless done by a TPG and labeled as such. Cheers, RickO

BStrauss3

There is an organization, OSV, that will verify - using microscopy and other techniques - that the coins in the cardboard are original. They have a deal with ANACS that will then certify the set and apply an OSV sticker.

https://coinweek.com/dealers-companies/anacs/anacs-osv-announce-joint-verification-certification-double-mint-sets/

I've seen a few for sale at shows and eBay, but I haven't seen a large #. Either there is very little interest. Or most of the sets out there aren't original, the nicer coins were cherry-picked and replaced. Or both.

I honestly don't know what originality brings to the table. Like most, I evaluate each coin on its own merits. That it was once in the same cardboard... "That's nice, but the nickel is still a terrible strike"

Certainly, our hosts have not heard sufficient drumbeats to provide this kind of service.

WAYNEAS

Take some pics and share with us.
Wayne

pursuitofliberty

@DisneyFan

To answer your first question after seeing what "SMS" you are talking about ... no, there is generally no premium for coins for those sets once removed unless they are spectacular for their condition (Grade, Surface Quality, Toning, Strike).

Sometimes complete and intact sets go for a premium to the sum of their parts when in original holders or custom cases, but generally, coins from this era are valued individually.

We would LOVE to see pictures though!!

DisneyFan

@pursuitofliberty said:
@DisneyFan

To answer your first question after seeing what "SMS" you are talking about ... no, there is generally no premium for coins for those sets once removed unless they are spectacular for their condition (Grade, Surface Quality, Toning, Strike).

Sometimes complete and intact sets go for a premium to the sum of their parts when in original holders or custom cases, but generally, coins from this era are valued individually.

We would LOVE to see pictures though!!

Here are the pictures in the plastic Whitman case. This is a new experiment for me so I don't know if it will work.

Meltdown

Pics look good and I would wager those are original from a mint set. Impossible to grade them from those photo's but still a nice looking group. Did I miss reading this earlier, where are the Halves?

Meltdown

@BStrauss3 said:
There is an organization, OSV, that will verify - using microscopy and other techniques - that the coins in the cardboard are original. They have a deal with ANACS that will then certify the set and apply an OSV sticker.

https://coinweek.com/dealers-companies/anacs/anacs-osv-announce-joint-verification-certification-double-mint-sets/

I've seen a few for sale at shows and eBay, but I haven't seen a large #. Either there is very little interest. Or most of the sets out there aren't original, the nicer coins were cherry-picked and replaced. Or both.

I honestly don't know what originality brings to the table. Like most, I evaluate each coin on its own merits. That it was once in the same cardboard... "That's nice, but the nickel is still a terrible strike"

Certainly, our hosts have not heard sufficient drumbeats to provide this kind of service.

I have put away some original double mint sets over the years. The main turnoff for me was the grading fees Anacs was charging for those double set grades and holders. Close to a couple hundred bucks if I remember correctly.

DisneyFan

@Meltdown said:

Did I miss reading this earlier, where are the Halves?

Good question! I double checked - there were no "s" mint halves in 1948.

My question is whether PCGS would mention "double mint set" on slabs for individual coins? Back in the day, everyone was upgrading their coins by putting them in Capital holders and Whitman was more affordable for a kid.

hummingbird_coins

@Meltdown said:
Pics look good and I would wager those are original from a mint set. Impossible to grade them from those photo's but still a nice looking group. Did I miss reading this earlier, where are the Halves?

No half dollars were minted at the San Francisco Mint in 1948.