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Preventing future collectors from owning this!??
oldglorycoins
Posts: 289 ✭✭✭
Breaking up proof/mint sets & products. Every month we break up thousands of proof, mint sets. What are you opinions?
P.S. Please pm if you have extra sets. 
Micah Langford - https://www.oldglorycoinsandcurrency.com/
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If they're yours, you're free to do with them as you wish.
Nice
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You could break apart a single set every minute of every day and it would still take you 232 years to get to the last set.
Collectors are doing fine.
Cool stat.... I'm trying! LOL
Micah Langford - https://www.oldglorycoinsandcurrency.com/
However it takes about 10 seconds at peak efficiency @RedRocket
Micah Langford - https://www.oldglorycoinsandcurrency.com/
Okay. . . without taking a single break and working around the clock... see you in 33.6 years.
Somewhere a child goes to bed without a mint set.
What’s the primary purpose of breaking the sets apart? Easier to sell?
Coin Photography
There aren't so many of these left as you might think.
There are also nearly one a minute that are going bad. And many suffering fires and floods.
This has been going on for more than half a century.
The hell of it is no matter what is destroying all these sets most of the coins don't survive.
You don't know that to be true. Nobody does (or can).
Do you think making up stats like this is a benefit to the hobby?
Probably equivalent to continually dropping random AI slop here for no reason whatsoever.
chopmarkedtradedollars.com
And that's just in cladking's basement...
Buy why crack them out until someone else is wanting them? Seems like more Wear and Tear lowering the grade.
Don't know. Ask the OP.
Picture is Missing the wooden treasure chest...just saying
I have no idea. Maybe he wants to spend the money.
With the price of some, probably easier to spend.
Why do you break them up?
Proof set sales used to be in the millions. Now they’re in the hundreds of thousands. Obviously, there are no longer enough proof set collectors to absorb the supply of the older sets. Anyway, I would presume that most of the coins broken out of sets will find their way into albums, into the melting pot, or into circulation.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Not sure what is being asked here. One assumes there is a purpose. I guess if there isn’t a purpose, I would leave the sets intact. ????
I’ve seen dealers crack up the modern silver sets for bullion and sell that coins as scrap silver.
As for the other sets, the parts can be worth more than the whole. Collectors buy them to fill albums. They pay more for the individual coins than they would for the complete sets. This has been true since I was in high school in the ‘60s.
....and another one bits the dust. 😂
Wayne
Kennedys are my quest...
Seems like more of an I need attention, look at me type of thread that is intended to drive people to his website vs any real question.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
It's a shame to see, but this is simply the market at work. Too much supply and not enough demand. Someone on the BST tried to sell/trade their proof sets for months with little to no interest. If I were forced to make an offer for them, it'd be below face value because of the hassle of cracking the plastic.
Nothing is as expensive as free money.
Why are the sets being broken up? If you’re getting 69s and 70s and slabbing them, I can understand that. But also just for laughs and giggles, there’s a real danger that we are losing a critical part of our history. Also underscores why I think the US Mint should stop producing proof and mint sets and focus on bullion releases like Morgan and Peace dollars and other stuff like it.
Even if you are not slabbing them, the proof coins in modern albums come from a broken up sets. Surely most of you have seen Dansco, Whitman, or Littleton complete albums of a modern series.
It's simple math.
Assuming @RedRocket 's numbers were correct there are far more than 1% of these going bad annually. This means more are being destroyed just by corrosion than would be destroyed in more than 2.32 years. More are being cut up intentionally as well. Indeed more are being destroyed in fires and floods as well.
Then there is the simple fact that most of these sets have already been destroyed.
How in the world can you cut sets in 232 years that no longer exist?
Some dates you can cut up at almost one per minute but most dates like those 1978's take a lot longer because they don't open smoothly and they have more coins.
Don't make me get out my Copilot.
Coins need to be stabilized in acetone to prevent them going bad.
Some coins are worth more face value or for their silver than in rolls or part of a set
Some sets are already damaged and can't be resold in that condition.
Some sets contain Gems and/ or varieties.
Some sets have bad packaging.
Collectors need a single coin or two out of a set and it's the easiest/ cheapest way to get them.
There are more sets than the markets can absorb so naturally they get destroyed.
A potential seller doesn't like the offers for his sets.
Dealers need sets to assemble rolls.
Dealers need sets to assemble denomination date sets.
People want to get a better look at their coins.
Collectors want to add coins to albums and folders.
Some sets are just asking for it.
...
The list just goes on and on
It costs too much to air condition the barn.
More made-up numbers. Day ending in "Y".
Made up is not the same as estimated.
What are your estimates? Do you believe that there are just as many 1978 proof sets now as there were before the above picture was taken?
Do you have any data to suggest it could be possible to cut one set per minute for 232 years? Do you believe it is legitimate to compute how many gallons of gasoline it will take your car to drive to Honolulu from Los Angeles but it's ridiculous to ask where you can get gas?
Copilot-
Estimation is how you model reality when the exact number is unknown. Fabrication is when you pretend the number doesn’t matter. I’m doing the former. You’re doing the latter.
I don't pretend to know and I don't have any estimates.
Are you familiar with the Drake Equation? If not, it's an estimate the number of active, communicative extraterrestrial civilizations in the Milky Way Galaxy. The math is trivially simple but many of the variables are unknown and unknowable. Depending on the numbers one chooses as an estimate for those variables, the number of civilizations can vary from zero to billions.
Now, here's your estimate (stated as a fact, BTW): "There are also nearly one a minute that are going bad."
What variables are involved in the calculation of that "nearly one a minute" claim, and how did you settle on those estimated values?
Point taken. But also the attrition will be alarming. Eventually the OGP will be collectible in its own right much like the 1936-1942 OGP
That's just silliness because none of the variables can be quantified or even estimated. ...At least not in that way.
All of the variables in the number of proof sets can be estimated. I've seen bags sets of specific date proof sets. Each such set means five thousand proof sets were destroyed. I've seen dumpsters full of packaging materials and loading docks for proof sets. You can pretend there's no attrition but what do you think happened when Now Orleans flooded? Where do you think all those proof rolls on eBay came from?
Just because you don't pay attention to something it doesn't mean time stops for it.
I don't know how many proof sets there are but I know how many there were and I know the attrition is far far higher than 1 annually and if you can't convert that to its effect on cutting sets @ 1 / minute then that's on you.
I've never even hinted at the idea there has been no attrition, yet you attribute that opinion to me? Talk about not paying attention...
You made the "per minute" claim. It's up to you to justify the reasonableness of it and explain how you got there.
You're the one supporting a calculation that doesn't reflect attrition! I didn't need to even run the numbers to see at a glance that barring future production this would be sufficient to destroy the population even if there had been no attrition to date.
In the real world sets are being consumed at a far higher than one set per minute rate and have been for many years. Do you really believe that this can continue long past the time all the sets are gone.
Get out your calculator or abacus, slide rule, or arithmetic book.
I already did so. Logically if the population can be destroyed only after 232 years at a specific rate and the rate is already known to be far higher then it's impossible for them to last so long. This really is simple deduction once you frame the question properly. I tend to frame all physical equations such that all the variables drop out. It saves time and allows faster thought. Think of it this way. If you think you have 24 bushels of apples you can peel one bushel of apples an hour. But if you see a bunch of empty bushels by the pigpen and the pigs haven't touched their slop then maybe you don't still have 24 bushels. Mebbe you'll be done by noon. Or maybe the pigs will finish them up before you get done with the first bushel.
Luke can't eat fifty eggs if there are only four left in the carton and every time you look away Boss Keane snatches another.
Where did I do that?
Sez you. Maybe they are, maybe they're not- either way, you've supplied no supporting data.
Feel free to post my comment (or a link to it) where I claimed to believe that.
Makes me wonder how many proof coins have been used in parking meters.
It shouldn't be hard to estimate. I love anecdotal evidence. Anyone ever use one?
They don’t fit.
I thought this might have been a little misplaced when you first posted it but since the OP hasn't bothered to elaborate on his reasons for destroying all those sets then I guess the thread was just click bait or trolling for site visitors.
I'm assuming that they are building rolls. The way they are handling the coins, though, I'd expect the rolls to be subpar. For me, proof rolls have always been a questionable way to package supposedly collectable coins, though, since when you drop them into the tube you inevitably get an edge hitting the face of the coin below.
I did buy a "roll" of early 60s proof nickels once, but they each came in the original section of the mylar pack so they were in great shape, and there were some nice toners.
I think people are missing the point of your post. Some are taking it to mean that you are attempting to prevent future collectors from owning and collecting moderns and some think it's that you want to destroy all the sets for your own narrow purposes. There's actually quite a range of what people are seeing here.
I'm assuming you have some motivation to cut these sets and you would like to get more than you have, probably to sell to collectors and dealers but also to protect the coins from the ravages of the packaging material. Like many people who do this you are concerned that in the future raw sets will be a thing of the past because they are so easily obtained and so many are being destroyed.
Most collectors (especially modern bashers) just don't understand there was a time that you could pick these up hundreds or even thousands at a time. They were sometimes quite costly and the dollar was worth more in those days but if you had the money you could lay in a year's work with a few calls and numerous incoming shipments with just a few phone calls. Wholesalers used to have mountains of these things. Dealers would periodically ship them everything they had in stock except for one or two of each date they kept as a curtesy to clients and collectors.
Now they're gone. All those mint buyers are gone and the sets were sold to the local shop. Collectors are few and far between and buying sets, while generally cheaper now days" is far more work because most of the time you find them a handful at a time. A few of these and a couple of those.
It would not really be inaccurate to just say all those sets are gone and now it's just cleaning up the few that missed the nets of the past. I just don't see these around any longer. Every dealer used to have boxes of them unless they had just shipped off a bunch or cut them up for the cash register but they aren't there. Many of the nicest surviving sets are being sold at sky high retail prices and the rest are being dismantled.
There are varieties, Gems, great coins, and profits in them thar sets and a few are looking for them and cutting up everything.
Rather than projecting out 232 years maybe we should worry about whether or not we'll run out next week.
Insiders can't see this because insiders know that if they raise their buy prices the sets will flood in because mintages were so high. But those who work on the margins or have watched these markets for decades can see it. The tiniest change in psychology and sellers will simply evaporate and buyers left high and dry.
Nah.
Copilot is much more a collaborator and a left arm MAN.
Certainly not marriageable material.
Oh, I'm much better looking than that and have a lot more hair, too.
It is an evolutionary process. Many of those coins will end up in slabs. Others to albums, coin tubes, or junk box. Some may be spent.
I love anecdotal evidence. Anyone ever use one?
Many years ago, I received a 1972-S quarter in change at the drive-thru at a fast-food restaurant. Obviously, that came from a set. I kept it simply because it's the only proof coin I ever received in change.
Member ANA, SPMC, SCNA, FUN, CONECA
I don't know how the OP does it but you can stack the coins and slide them into the tube in a group if you want to limit opportunities for contact marks.
Yes, yet as all the women, past and present would add, "in all of the wrong places."