Mint set valve

wayneme

with allot of the mints sets being torn apart to rate out the coins how long before the proofs sets
reflecting this in their valve
any opinions
and how will a cashless society effect coin collecting in general

nwcs

I think it will be a long time before people recognize that original sets with original paperwork is more valuable than the slabs. Especially for those people like me who really like originality. This is based on the perception that there are always more out there for the same price. I think what will happen is what happened to roll collectors. So many original rolls have been picked through that you just can't find them as easily. But they still sell at roughly the same price. Eventually the market will figure it out, but it'll take a long while.

As for the cashless society... it's hard to say. If we actually did end up there, we'd have a fixed population of coins available. And I think it will effect the most recent (to that point) issues the most as the coins would have to be withdrawn from circulation. I think the classic stuff would grow as it always has and certain clad issues will go up. But I think we might find it good for the hobby in some respects as it increases rarity automatically.

wayneme

my long term bet would be the coins not wanted at the time of the turn in
supply and demand
you agree

nwcs

Yep, I think the last year of issue before a cashless transition would be the money coin. Although I would suspect that mint/proof sets would probably go on for a few years after to satisfy demand. Then after everyone mentally transitioned into a cashless mindset, the mint would cease to worry about it.

coinrookie

I think alot of people do buy the slab and not the coin. So I think that originality in terms of mint/proof sets will always to some extent be underappreciated. As far as cashless society and the supply of actual coinage, IMHO it will not occur in our lifetime, if ever. Anything is possible. But by the time this happens (if it does), the coins will be at a premium just through their age alone.

fantasiize

I have a few Ike sets, but my favorite one is the one I have in their normal state (i.e. 2x2 for most, blue packs for the 71s - 74s, brown boxes for the 71s - 74s proofs, mint sets for the 73p & 73d and proof sets for the rest of the proofs). There is something to be said about originality, it may not be on a registry list, but it is at the top of my list (which matters to me).

Not sure if that answers your question, I guess you may say that ultimately the value should increase as supply decreases (now, good luck defining when ultimately will be).

cladking

We're probably much closer to having some premium on original mint and proof sets than
most people realize. Many of these sets have been broken up over the years for many
different reasons. Now they are attracting attention to form denominational sets and to
get the gems slabbed. In the near future these sets will begin trading more on the combined
value of the coins in them just as the older sets do. Not long after that there will be a premium
placed on intact sets. This premium will not be great for some years as very few of these sets
will be difficult to obtain for the right price, but none will be gathering dust in dealers' inventory.

If coin production were to taper off dramatically and cease there would in all probability be an
initial surge in interest resulting in higher prices. This could go on for several or even many years.
Eventually there would be a severe drop off in demand caused by a dirth of new collectors and
prices would plummet.

Bulldog

Recently I purchased a modest collection from a gentelman going through some tough times. I was very fair on the price, but the collection was very difficult to appraise, as the guy gave me about 1 hour to look over 5 trunks, 3 valises and untold boxes of mixed coins. Well needless to say, I found many suprises in my purchase, (all Good). One of the large valises contained approximately 300 - 350 mint sets and proof sets. Quite honestly I have yet to give them anything but a cursory look (no time), only because it is my intention to hang onto them for a few years. As more and more folks bust up these sets, They can only hold or increase in value.

Just my two cents or IMHO

Bulldog