How Soon Before Original Mint Issued Cello Proof & Mint Sets Command a Premium ??

Stuart

With so many coins having been removed from their original mint issued cellophane proof set & mint set holders, how long do you think it will be until these coins will command a premium in their original U.S. Mint issued holders?? -- like Original holdered GSA CC's do now ??

originalisbest

That all depends on the condition the holder's in as well. I didn't want to but removed my '55 flat pack proof set years ago from the pilofilm - it had a hairline crack in it that would've invited some unattractive tone spots. Or what if you had a early boxed set with some drop-dead cameos but the staple was rusty and the rust spots seemed to want to reproduce...

On the other hand I remember 5 B&W cameo 1970 sets my old boss had in the safe - I knew very well that I wouldn't get them for the price of a regular '70 - but he wouldn't sell them to me period, the price never even came up. Ah well. Those I would've kept in the packaging, which was cherry, none showed any discoloration in the least.

cladking

I always used to figure this would take a long time. While I still think that a significant
premium may require years there is a real possibility that at least a small premium could
develope in the near future for many of the mint sets. Keep in mind that most of these
sets have a significant discount at the present time. This discount is due to the fact that
coillectors are demanding the coins as singles, rolls or denominational sets and the proof
and mint sets don't get cut up fast enough to satisfy this demand. Hence a higher price
for the pieces than the sets. This is especially ironic with the mint sets since these usually
contain the finest coins and when one is cut up it becomes worth more or the same price
as a BU roll.

The mint sets were made in smaller quantities and have been lost, destroyed, and cut up
for decades. The demand for the coins in the sets continues to ratchet up slowly as the
number of remaining sets is becoming stressed. (as evidenced by the difficulty finding them
and the increasing number selling at retail prices) When these sets become sufficiently hard
to find that the mint set collectors and gem collectors can't meet their needs then it is quite
possible that there might be a premium for intact sets. Keep in mind though that most sets
will eventually trade based on ythe coins in them; gem sets will go for more than junk sets.
The premium for sets will probably never exceed the value of a gem or two. If it did then
there is a likelyhood that counterfeiting of sets would occur.

haletj

I cut up my mint sets, but leave my proof sets intact.

DHeath

Stuart,

Based on NO scientific fact, a friend of mine and I were having this same conversation today, and we estimated 10-15 years before the premium becomes sufficient to draw the remaining sets out of the closets and attics. When that happens, we theorize the undergrade moderns will have value raw. Not HUGE value, but value similar to the value 30's coinage does today.

beartracks42

I took the coins out of my 50's box sets and put them in Capitol holders. I also put the original boxes, sleeves and staples in my safe.