Unopened Mint Sets from the late Forties and Early Fifties
STEWARTBLAYNUMIS
Posts: 2,697 ✭✭✭✭
How much or How many times over bid would you pay for a late forties or early fifties (pre 55) mint set that is guaranteed unopened ?
I know unopened bank rolls use to sell for a premium but it is not so true today. IMO
Stewart
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If given, that a purchase was guaranteed unculled, a premium would probably be appropriate. But, with the abilities of today's sellers of such items, to "professionally" "re-close" sets, rolls, etc, it has become more difficult to quote a qualified premium amount over original cost, or published value. Personally, I find the risk too great, at any amount, to persue a quality coin in this manner anymore.
I do not agree with that statement. Just try to buy unopened obw 1955-P 1c rolls without paying a premium.
Also, when I open an "unopened" set, I open with a knife to be certain it can't be "resealed" by someone at a later time. I make a clean cut so the envelop remains nice.
<< <i>Also, when I open an "unopened" set, I open with a knife to be certain it can't be "resealed" by someone at a later time. I make a clean cut so the envelop remains nice. >>
So that the DNA is, therefore, less confused?
Would I get the same answers if the sets were in a Heritage auction ?
You guys either have no Balls or they are microscopic.
I don't want these sets to go to auction and I will buy them.Win or lose I will buy them at multiples of bid.
Stewart
<< <i>Also, when I open an "unopened" set, I open with a knife to be certain it can't be "resealed" by someone at a later time. I make a clean cut so the envelop remains nice. >>
That's a nice thought. The problem is that envelopes are readily available. I cut the sets up and put the coins in rolls to eliminate the possibility.
Russ, NCNE
Is your aim to find high quality Lincoln's from these sets. ? While the silver coinage seems to fair well in these, taking on attractive tone.
I have found Lincolns do not. And are often RB. Still I would think a 30% min premium would be in order
Chris
rainbowroosie April 1, 2003
When I opend the set, it still had a dealers price sticker complete with the dealer's code and selling
price afixed to the mint set.
That was THE LAST time I ever bought an "UNOPENED" set.
Happy Hunting!
Brian (Gandyjai)
<< <i>I bought an "unopened" proof set once...and paid a hefty premium for it being "unopened"
When I opend the set, it still had a dealers price sticker complete with the dealer's code and selling
price afixed to the mint set. >>
I once found a newspaper ad and the original purchase receipt from the dealer inside an "unopened" 1964 proof set.
Russ, NCNE
If I offer the right price I can buy these sets.Perhaps you need to expand your Horizons.There are fresh deals out there contrary to what you may hear.These sets are fresh !
Stewart
- how many people order those old mint sets and never open them ?? maybe a bulk lot of 5 or 10 sets might remain unopened (very slim chance of that) but likes been said , any buyer of such bulk sets would tear them open like a kid on Christmas morning !!!
<< <i>i disagrree on one point ,
- how many people order those old mint sets and never open them ?? maybe a bulk lot of 5 or 10 sets might remain unopened (very slim chance of that) but likes been said , any buyer of such bulk sets would tear them open like a kid on Christmas morning !!! >>
I would have to agree to a very high degree. I believe it takes more discipline than many have. Funny thing is, no-one ever asks did the Mint seal them. Did you ever get an old mint or proof set with the inner emvelope sealed?
<< <i>Funny thing is, no-one ever asks did the Mint seal them. Did you ever get an old mint or proof set with the inner emvelope sealed? >>
Through 1964, the mint did seal the proof sets. But, only the center third of the flap was glued down so if you get one that has the entire flap glued down it's highly likely it's a repack - which the vast majority on the market are. Mint sets, I don't know about.
Russ, NCNE
The envelopes were pristine and a sticker affixed to the envelopes proclaimed "From a sealed box of SD's".
So I bought one set ($30) , took it outside and opened it: it was indeed a nice small date set and the mylar showed no signs of previous handling. I went back and copped the other set, it was nice as well.
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
On unopened mint sets, I'm not sure I would pay a big premium, as most are not that nice any way.
i rather pay a premium for a nice opened set.
Chances of something neat in an early mint set are not real good.
Unopened early proof sets will have pristine coins, but hairlines will still be evident. The lines get in there opened or unopened.
Better to buy and sell them unopened, than open them at today's premium and be disappointed.
How about unopened CC's????
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Lloyd - People die and their spouses have to sell their modern "Crap"
If I offer the right price I can buy these sets.Perhaps you need to expand your Horizons.There are fresh deals out there contrary to what you may hear.These sets are fresh !
Stewart >>
Stewart
I believe many of these sets are still available, sealed in their original envelopes.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
to be a much better chance of finding the better stuff but the chances for finding var-
ieties is higher and there could be a spectacular gem (the chances really should be a
little higher). More nice coins seem to appear in sets that were obviously cherry picked
by the previous owner than come from the unopened sources.
<< <i>Would I get the same answers if the sets were in a Heritage auction ?
You guys either have no Balls or they are microscopic.
I don't want these sets to go to auction and I will buy them.Win or lose I will buy them at multiples of bid.
Stewart >>
I made a statement that these mint sets are available still sealed in their original envelopes. And here's why, over five years ago I came across a buyer of these early sets while searching for full step nickels. I would ask the winning bidders of those sets if I could buy the nickels if they were not interested in them. Sometimes I'd get the nickels, most of the time, I would not. But one buyer I came across had no intentions in opening the sets, that he bought the sets for investment purposes only. This thread prompt me to buy a $5 DBX decoder for my old emails and lo and behold, I was able to locate this buyer and send him an email.
I offered 25% to 35% more then he paid and he has responded that he remembers me but that the sets are not for sale. Yet, he said that he would let me know if he changes his mind.
First off, I was amazed that I was able to locate this buyer's email address and that the guy actually responded and still has the 2 mint sets dated 1952 and 1954. I do not know if he has others.
But I guess my point is that these sets will keep popping up every so often because not all the buyers of these sets are collectors or dealers.
So at what price would it take to pry these coins from this investors hands? And remember folks, I get the nickels!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection