2004 Mint sets sold...the impact....opinions??
Manorcourtman
Posts: 8,123 ✭✭✭✭✭
Although many of you may not think this is a not a big deal I suggest that 2004 will be a tough year for several coins in GEM or MS67+ condition. 2003 yielded many GEM coins that were found in mint sets. Since the 2004 Mint sets went on sale they were backordered. The 2004 coins have many coins that are tough in GEM condition with very small pops. With no more Mint sets available I believe this modern "Junk", as some may call it, will be tough material to find in the months/years to come. The 2004 Lincolns have been very tough to find w/o spots. The Roosie's in FB 67 or higher are very tough. The P Kennedy 50c's in 67+ are very tough....ie. Several other examples can be tough including certain State quarters.
I believe the 04 Mint sets selling out means slim pickens for modern GEMS in several series. What's your take? Most 2004 rolls found at Banks are junk. So is this going to be a tough year or not?? Chris
I believe the 04 Mint sets selling out means slim pickens for modern GEMS in several series. What's your take? Most 2004 rolls found at Banks are junk. So is this going to be a tough year or not?? Chris
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I can't believe the mint ran out of coins for them.
That's too weird.
modern (and ultramodern) markets in general.
All moderns appear as gems in mint sets (if they appear in mint sets), but their inci-
dence varies widely. They can account for as little as .25% of mint set coins or as many
as about 6%. Some of those which are scarcest are really closer to very choice unc
than a solid gem and this applies especially to some of the larger coins.
Coins made for circulation also vary from year to year but they vary independently
from mint set quality. Some years will see fewer (perhaps much fewer) than .01%
of mintage as gems and some dates will see as many as about 1% gems.
Add this with the fact that virtually no dime and quarter rolls were saved and it means
that for some dates that all gems come from mint sets. Of course it also means that
for some dates gems are easier to find in rolls and that for coins that don't appear in
sets that all gems are found in rolls.
Happy Hunting.
<< <i>There's a lot of interest in the 50 state quarter program and I collect these also but let's get real these coins are made in the hundred's of millions.....Rare NO. Look at the common Franklins they get no respect and some how an over produced quarter does? The Silver sets are worth keeping but the clads are overproduced but good for a short term gain to sell IMO >>
There are no silver mint sets. The silver sets are made by the mint but are referred to as proof sets.
The mint state clads are made in the hundreds of millions but few are checked for gems when they
are released and of those which are checked much less than .01% might be gem. This could coincide
with a poor mint set quality with as few as .25% being gem. We're talking a few thousand gems
with most being low grade gem, not high grade gem.
It was easier in the old days when people didn't save any rolls but then, the demand wasn't there
either.
That's opportunity. Just bought 300 sets at $17.50. If the mint is really done selling them I'll make a little money. If they start selling them again I guess I'll lose $1 a set and move on. The odds seem a little better then Vegas.
The 2004 sets have been a rather pleasant surprise, though again, nothing to make registry set material. The nickels in particular have been the pits over the past 5 years, while as stated above, the dimes are usually quite nice. Just wondered if anyone else had noticed this disparity in the two main mints' products.
<< <i>Cladking, have you noticed the quality, er, LACK OF in regards to the Philidelphia minted sets? At least as far as the State Quarter program is concerned? >>
Believe it or not I've never kept up with the mint sets. Until they are a few years old
they have little interest to me because regular issues are available and the prices are
higher. Certainly on the '68 to '97 mint sets the average quality of the Denver coins
exceeds the average quality of the Philly coins and sometimes by a very wide margin.
The finest coins from each are often of very comparable quality though and it's not un-
usual for the Philly to actually be better. From the few later date sets I've seen there
is not too mch change in relative quality. Some people have said that with a few of the
latest that the Philly gems have gotten much easier to find.
usual for the Philly to actually be better. From the few later date sets I've seen there
is not too mch change in relative quality. Some people have said that with a few of the
latest that the Philly gems have gotten much easier to find".
The 2004 P state 25c are total crap on average. This years Lincolns are also very subpar as are the Kennedy Halves.....No opinion here, this is a fact. It's going to be a tough year, and I'm not surprised some of the other modern players are not commenting but hoarding at this point. HINT, HINT.... That's my 3c and I will not make any further comments. Merry X-mas.