Franklin Mint silver sets
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Way back these sets sold at a premium to silver at the prevailing spot price. In the course of a few years they lost their following and many sets were produced in mintages of just a couple hundred. Is there renewed interest today? Presumably some sets have been sold over time, and they are likely scarcer than their original mintages. Anyone have a better sense of the popularity of Franklin Mint issues today?
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I am always in search of these sets for my year of interest, 1984. Some are rare, other very rare.
I completely agree. Overall most even with melting are not really that scarce, BUT as my good friend relates there are some very scarce dates that seemingly are pursued. The record so far that I have seen is 1600+ dollars for a 1984 Barbados set but there are several that go for "a band" ($1000) or better.
Another example is that the silver content of an otherwise common 1975 Panama 9 coin set has 5.8 oz net silver in it..
Well, just Love coins, period.
I like these sets, though collecting them is as niche as their mintages are large.
Mintage: 468. Value: Less than $10.
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468 does not seem all that high though.
Well, just Love coins, period.
For a decade or so from the mid-1980s, the FM mintmark was a resume stain - nobody wanted them. Many entered the melting pot, despite everyone agreeing that, on artistic merit, most Franklin Mint coins were actually rather nice coins.
Many more were essentially destroyed by Franklin Mint's abominably self-destructive packaging, especially if they were shipped to somewhere anything like being warm or humid. I'm from Brisbane in subtropical Australia, and virtually every Franklin Mint coin I've seen in estate lots has been ruined beyond repair by Franklin Mint's packaging.
The combination of deliberate destruction and environmental degradation means that, for the surviving remnant, prices and demand are now quite good. But it does mean that "mintages" are not necessarily a good indicator of surviving numbers.
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The question is about the silver sets which creates a set of questions that are problematic to answer with any degree of accuracy. While the mintage figures for most of the sets from 1970-1975 are high, those sets were subject to the $50 spike in silver in 1979 and it is speculative as to how many were melted as well as the ongoing melting that likely has transpired. The post 1976 sets up through about 1980 have reduced mintages but a percentage of these have also been melted. The post 1980 sets, with few exceptions, have even lower mintages. It really is about the surviving population
The other question not raised that is worthy of some discussion is the Specimen, Brilliant Unc and Matt sets. The mintage figures for these sets are often less. The packing for these sets really leave a lot to be desired. Some of these sets do not contain silver. I suspect the surviving population for these sets are even less.
I suspect more of 1970-1975 sets are being melted
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