Largest hoard of 1982 and 1983 Philly and Denver Souvenir sets located in 10 years!!
oreville
Posts: 12,008 ✭✭✭✭✭
I was shocked! Right under my nose at the monthly Parsippany show Sunday morning October 2, 2011.
A collector/dealer who had been accumulating these sets for 5 years finally decided to sell them all!!
These quantities may not see like much to the average collector or dealer but for those who have been frustrated in trying to put a single set of these, this hoard is simply staggering.
It may very well be the largest hoard discovered in 10 years.
1982-P 7 sets!!!! (2 missing envelopes)
1982-D 3 sets (2 missing envelope)
1983-P 1 set
1983-D 2 sets (1 missing envelope)
13 sets in all!!!!!
Of course, I had to buy them all. I negotiated the price down BY $1 per set! I am a skillful negotiator indeed. :-)
Edited to make it absolutely clear that I got the seller to reduce his price BY a whole $1 per set.
A collector/dealer who had been accumulating these sets for 5 years finally decided to sell them all!!
These quantities may not see like much to the average collector or dealer but for those who have been frustrated in trying to put a single set of these, this hoard is simply staggering.
It may very well be the largest hoard discovered in 10 years.
1982-P 7 sets!!!! (2 missing envelopes)
1982-D 3 sets (2 missing envelope)
1983-P 1 set
1983-D 2 sets (1 missing envelope)
13 sets in all!!!!!
Of course, I had to buy them all. I negotiated the price down BY $1 per set! I am a skillful negotiator indeed. :-)
Edited to make it absolutely clear that I got the seller to reduce his price BY a whole $1 per set.
A Collectors Universe poster since 1997!
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-Paul
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<< <i>Are these sets rare and what's the deal with them >>
In 1982 and 1983 they didn't make mint sets so the only set of uncs from the mint you could get was a souvenir set. They are in demand and tough to find. The prices for the quarters are getting pretty amazing.
Jim
<< <i>I really don't know what to say
Me neither....ummm, congrats?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Here's a warning parable for coin collectors...
<< <i>...Of course, I had to buy them all. I negotiated the price down $1 per set! I am a skillful negotiator indeed. :-) >>
I like yur style oreville. Win/Win! Nice Purchase!
Well, just Love coins, period.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
There might, ahem, be a 82 & 83 set currently on the BST.
ATS
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>So you paid $13 for $500 worth of retail material. Tell me where I can find this collector/dealer. I'll take some of that action.
Me too, but I don't see that in the original post.
"Keep your malarkey filter in good operating order" -Walter Breen
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
The "to" fell out between the down and the $1
I read it as to read "down to $1" also.
"Keep your malarkey filter in good operating order" -Walter Breen
I was joking at my own negotiating skills.
I ended up paying full price for these at an average price of around $44.50 but considering that the majority of these are well extremely preserved 1982 Philly souvenir sets, I think I did just fine.
<< <i>I got the set price reduced by $1 each. Not down to $1.
I was joking at my own negotiating skills.
I ended up paying full price for these at an average price of around $44.50 but considering that the majority of these are well extremely preserved 1982 Philly souvenir sets, I think I did just fine. >>
Well I guess it's good to know that you can flip them for an immediate loss of 15$ per if you PM some of the earlier posters on the thread.
<< <i>Are these sets rare and what's the deal with them >>
No, they are pretty common... ...unless you're trying to buy them.
They made a lot; 20,000 of each of the Denvers, 10,000 - '82-P, and 15,000 - '83-P. But the attrition
on them is staggering. The envelopes are very flimsy and have glue on them so if they self seal the
set will get ripped open and then it's a small step to opening the plastic. Quality often isn't good so
some were just opened and spent. There's a large bronze medal in them that's worth at least a dol-
lar so some were cut for this.
But mostly the attrition is high because collectors need the coins for their sets. These are really hard
to find as singles so they buy sets and remove the coins from them instead. These have one of each
denomination so most modern collectors desire at least on coin in each set. As poor as the quality is
it will usually exceed singles quality especially for the quarters and dimes.
The most incredible thing is that attrition will likely remain high until the set gets a significant premium.
Even then attrition won't be low because there are some very choice and gem coins in these sets that
will be removed to be slabbed.
I doubt more than 6 or 7 thousand of any of these survive and the '82-P is much lower.
It is in a glossy black rectangular holder with holes cut in it to hold the ten coins [5 from Philly and 5 from Denver]. The cardboard holder is placed inside of a pliable clear plastic envelope.
The coins have toned up somewhat during the years [especially the cents]. Over all the coins are pretty nice. I primarily bought the set for the 1983P quarter.
<< <i>Are these sets rare and what's the deal with them >>
They are very popular but not rare.
The name is LEE!
<< <i>they sell for like $30-$50ish apiece : / >>
Per set that is. Philadelphia ($30 to $50) and Denver ($30 to $50)
A set with nice looking coins will attract much more money.
The name is LEE!
nice shrewd score, BTW!!!
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
wise enough to buy them. Of course when the quality was good I would stretch for them.
I once passed up a batch of about 20 '83-P sets at $4 each because it was high at the time.
I looked at them but there were no really superb coins in the batch and the dealer wouldn't
sell just a few. He also had lots of '87 P & D sets but those were seven or eight apiece.
Some of these coins just don't come very nice in these sets and some do.
Souvenir set mintages are much lower for most other dates and they have high attrition as
well. I don't believe large premiums for any of these is justified at this time but then I just
have to set aside things like the '72-P set that has a mintage of 400. While there are no
true varieties in these sets they still contain some very interesting coins. There are clean
examples of coins that obviously don't come from a regular mint set for instance. Some of
these will prove quite rare.
<< <i> these Sets are in demand and tough to find, getting tougher as the years go by. they used to routinely show up on eBay but not lately. i presume they are the sort of thing that is always available to a degree but the buyers are usually like oreville, wise collectors who put them back. in that regard the number is shrinking and the price should be expected to climb. >>
Well, some of us have to save these sets for the next generation of coin collectors?
Cashback from Mr. Rebates
I've also done OK with the aftermarket ones that Coin World and one or two other publishers put together in those years. I made a nice '82-P full steps Jefferson out of one of those. I've found that some of these sets have really exceptional coins in them; I've been sitting on a small stack of gem & better '83 P & D quarters that came from sets like this.
<< <i>I've also done OK with the aftermarket ones that Coin World and one or two other publishers put together in those years. I made a nice '82-P full steps Jefferson out of one of those. I've found that some of these sets have really exceptional coins in them; I've been sitting on a small stack of gem & better '83 P & D quarters that came from sets like this.
>>
The best quality tends to be the Numismatic News version and the Paul and Judy's Coins
sets. The souvenir sets are the only official sets though. All these sets are hard to find
though and I feel lucky when there's even a single set to check. If memory serves all of
the type "d" reverses show up in one set or another except the '83-P.