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poll - how many proof sets & mint sets,do you think has been open up ,in the last year!
littlejohn
Posts: 702
i think its been a whole lot!! maybe 100,000 sets or more.
and that is why the pop has gone up so much.
and that is why the pop has gone up so much.
0
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GrandAm
Date Mintage PCGS NGC
1955 378,200 4421 3757
1956 669,384 7155 5492
1957 1,247,952 5327 4534
1958 875,652 3476 2998
1959 1,149,291 4151 3354
1960 1,691,602 5274 4528
1961 3,028,244 7976 6839
1962 3,218,019 11,699 10,030
1963 3,075,645 10,745 9226
1964 3,950,762 11,393 7986
1968 3,041,506 2627 585
1969 2,934,631 3750 929
1970 2,632,810 2650 822
1971 3,220,733 1073 350
1972 3,260,996 1412 336
1973 2,760,339 1765 257
1976 cl 4,149,730 4346 506
1976 sl 3,998,621 4712 1610
If the numbers aren't readable, just pm me, and I'll forward you a copy of my excel spreadsheet. Keep in
mind that the above numbers need to be cross referenced with populations from other grading services, particularly ICG and ANACS to be more meaningful. If anyone has a copy of an ANACS pop report, I'd appreciate some data. Also, many coin dealers stock these coins as singles, so getting an idea of how many originial proof sets survive intact is difficult.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
is putting constraints on how many can be cut now. This is especially true for the mint
sets. Large percentages of these have been destroyed over the years.
Sets are cut by wholesalers to make date and mint sets, they are cut by dealers seeking
gems for submittal, they are cut by individual collectors to get coins for their sets. Cutting
of these sets has probably been drifting lower in recent years simply because they are
getting more difficult to find. To get an idea of the state of the market look at the value
of the sets in comparison to the combined value of the coins in them. The sets have long
been more profitable in pieces than intact, but now this spread is widening on many dates.
This would imply that a shortage of coins for wholesale is developing. There are a few col-
lectors who desire these sets intact and their numbers are growing. While it's only a few
thousand people they are about to start bumping heads with those who are destroying the
sets. When this occurs in the near future you'll see the premium for dismantling the sets
disappear and become a discount. This will force wholesalers to buy the coins on the open
market. The number of coins on the market available for sale is far lower than most imagine.
It should be interesting.
Some of the areas where it will show up first and is indeed starting to show up is in the very
low mintage '82 and '83 souvenir sets. Despite their tiny mintages they remain the primary
source for several of the coins in these sets. This means they have horrendous attrition rates
as collectors and dealers cut them up for the coins. Already it is becoming typical to see these
trade at a substantial premium to the value of the coins in the set.
The regular mint sets which have suffered the highest attrition will be next, but the proof sets
may not be far behind. There is much more demand for these and when people see the behav-
ior of the other sets there will probably be a run on them too.
Paul