Breaking out proofs, mint sets, modern commems, etc...
sparky64
Posts: 7,041 ✭✭✭✭✭
Is it just me?
I have never and am having a hard time bringing myself to break apart anything.
I bought a couple of individual pre-snipped mint set pieces a long time ago and struggled to convince myself to slit the cellophane and put them in my 7070.
I know I'm going to have to do some more "crackin" if I want to my album to look the way I want it.
I also know it's just packaging and the coin is the only thing that matters. Right?
I was just wondering if anyone else has had issues with this.
I have never and am having a hard time bringing myself to break apart anything.
I bought a couple of individual pre-snipped mint set pieces a long time ago and struggled to convince myself to slit the cellophane and put them in my 7070.
I know I'm going to have to do some more "crackin" if I want to my album to look the way I want it.
I also know it's just packaging and the coin is the only thing that matters. Right?
I was just wondering if anyone else has had issues with this.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
0
Comments
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
It's this reluctance of many people to bust these up that causes the price of the singles
to be greater than the value of the set. This is especially ironic in light of the fact that mint
set quality greatly exceeds BU roll quality.
Yes. Get crackin'.
There are still lots of gem sets out there.
<< <i>It gets easier.
I was going to say that also... I've cracked about 5 or 6 slabs now and I can finaly sleep at night.
Click on this link to see my ebay listings.
<< <i>I feel similarly regarding busting-up material that is in the original mint packaging. Psychologically, my mind tells me that the coin simply BELONGS in the original environment that it was issued. Sorta like a sacrilege to remove it. Not a logical thought process and I'm trying to work through this issue. I just recently busted an IKE out of the blue pack and kinda felt bad about it.
Looks like it's you and me OneCent.
Guess we better "man-up" and do what we need to do.
I'll bet there will always be that hesitation though.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
<< <i>
<< <i>I feel similarly regarding busting-up material that is in the original mint packaging. Psychologically, my mind tells me that the coin simply BELONGS in the original environment that it was issued. Sorta like a sacrilege to remove it. Not a logical thought process and I'm trying to work through this issue. I just recently busted an IKE out of the blue pack and kinda felt bad about it.
Looks like it's you and me OneCent.
Guess we better "man-up" and do what we need to do.
I'll bet there will always be that hesitation though. >>
Sometimes original packaging matters so be sure you know what you're doing before
you crack something open. I've been busting up Russian mint sets to put only the val-
uable coins in the safety deposit box but now the set is worth multiples of the total of
the coins. The $40 coin doesn't compare well to the $250 mint set!. There are Japanese
mint sets that sell for $500 but the coins sell for only $50 and they list ibn Krause for $10.
The same applies to many US sets. 1995 mint sets lose most of their value when disman-
tled.
I never fell guily busting up stuff with mintages over 10,000 or so but it can still be a big
mistake. The Russian mint sets had high mintages but they were mostly destroyed and
the coins didn't survive. There may come a day that many of these sets get big premiums
but you should be able to see it coming and be able to buy them back.
K
Robert.
<< <i>The first time is the hardest, after that it gets easier. It is a great way to fill the Dansco with some really nice coins. So go for it. >>
I agree, but understand your aversion to it, I used to feel the same exact way. I still do enjoy OGP also but after building out Danscos for myself and cracking and snipping of over fifty plus years of Proof and Mint sets, it now is fun every year waiting for my five sets putting back four and cracking and cutting them open for my Danscos.
Buy a few of each every year and go for it
the set are worth about $60 and an intact set goes about $200. Since
I don't intend to sell and the coins appeared gem I went ahead and took
it apart.
It's gonna be an almost total loss.
It's one of the sets sold by Seaway Coin Co and I allowed it to sit on their
foam packaging too long. The foam just dissoves in time and ruins the
coins. If the set had been sold the $200 would be pure profit since it was
bought for $2 years ago, but the buyer might have opened it and discovered
the problem. As is the most valuable coin is still nice enough somene will
want it at a steep discount.
Fortunately I've got a couple others of this date in the Paramount packaging
and they are still pristine. I'll cut them up too, though.
Russians were even worse than Americans at saving their moderns, probably.
Finding any Soviet era coinage made after 1961 even in circulated condition
can be pretty tough. Lots of the uncs are simply scarce and the new Russian
middle class is looking for them. The Soviet government discouraged all coin
collecting (even classics) so the mint sets were mostly sold out of country. At-
trition on the sets has been high due to the low cost, poor packaging, and the
tendency for the coins to end up in poundage. No doubt collections of the in-
dividual coins absorb some of these but these set, until recently, were dirt
cheap. The simple fact is that after 35 years even things that were well cared
for will have significant attrition. The mintages of the Soviet coins weren't re-
leased but they were probably usually in the hundreds of millions. Mint set mint-
ages might be understated but were in the 10,000 to 30,000 range. As with
most countries the moderns are quite remarkable.
WTF, straight from the mint to the crapper
Go BIG or GO HOME. ©Bill
one interesting submission was 3 SBA special sets, cut right out of mint cello. Six of nine bagged
Go BIG or GO HOME. ©Bill
<< <i>I just went ahead and busted a 1973 Russian mint set. The coins in
the set are worth about $60 and an intact set goes about $200. Since
I don't intend to sell and the coins appeared gem I went ahead and took
it apart.
It's gonna be an almost total loss.
It's one of the sets sold by Seaway Coin Co and I allowed it to sit on their
foam packaging too long. The foam just dissoves in time and ruins the
coins. If the set had been sold the $200 would be pure profit since it was
bought for $2 years ago, but the buyer might have opened it and discovered
the problem. As is the most valuable coin is still nice enough somene will
want it at a steep discount.
Fortunately I've got a couple others of this date in the Paramount packaging
and they are still pristine. I'll cut them up too, though.
Russians were even worse than Americans at saving their moderns, probably.
Finding any Soviet era coinage made after 1961 even in circulated condition
can be pretty tough. Lots of the uncs are simply scarce and the new Russian
middle class is looking for them. The Soviet government discouraged all coin
collecting (even classics) so the mint sets were mostly sold out of country. At-
trition on the sets has been high due to the low cost, poor packaging, and the
tendency for the coins to end up in poundage. No doubt collections of the in-
dividual coins absorb some of these but these set, until recently, were dirt
cheap. The simple fact is that after 35 years even things that were well cared
for will have significant attrition. The mintages of the Soviet coins weren't re-
leased but they were probably usually in the hundreds of millions. Mint set mint-
ages might be understated but were in the 10,000 to 30,000 range. As with
most countries the moderns are quite remarkable. >>
very cool post
Go BIG or GO HOME. ©Bill
<< <i>**added note:
one interesting submission was 3 SBA special sets, cut right out of mint cello. Six of nine bagged
Someone else posted on another thread that they submit funky toned mint set coins still in the cellophane to try and avoid this.
Interesting post cladking. That would be a good case for busting up.
Thankfully there isn't any US mint packaging that completely destroys coins. At least none that I know of.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
<< <i>
Thankfully there isn't any US mint packaging that completely destroys coins. At least none that I know of. >>
All 1968-P mint set cents have carbon spots. It might not be caused by the packaging.
Bicentenials going into my 7070.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
You can always buy a new set to replace it if you don't wait too long.
<< <i>i break up mint and proof sets for my dansco albums on a regular basis.
I do the same. I have filled most of my modern dansco's by doing this. Now that just leaves the silver and early coins to get. Many times I get these in slabs and I break them out of the slabs too.
<< <i>That's fairly nice for the type I Ike.
You can always buy a new set to replace it if you don't wait too long.
That's why I went with the 75 set for the type I.
I'll probably use the D mint and keep the P's intact.
It'll be my first break-up. Enough already.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress