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Break open mint sets?
KUCH
Posts: 1,186
Ok, another question for a newbie.... If one had 1971 mint set...should it be broken out and submit each con for grading? What about those Eisenhower's 1971 Silver..... break out and submit?
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TC71
Attrition has been high because between about 1977 and 2005 the coins in the set were worth
more as pocket change or as BU singles. It's only been the last year that a set premium has
developed. The '71-P D, and S cent rolls have always had a premium because relatively few
were saved. The nickel rolls are also a premium date with the Philly roll selling for up to $30.
The dime rolls are better date but there is little demand so it's not apparent how scarce the
Philly roll is. The Philly quarter is not available in rolls but the Denver is one of the more "common"
early clad quarter rolls. THe Philly half roll has also been getting a lot more expensive recently
too. This roll was saved but the demand keeps ratcheting up and there are simply not enough
to satisfy it. Philly rolls of all these are quite poor and this may be much of the reason so very
few were saved. Denver quality is of a very wide range for the date but gems are much easier
and the average much higher (especially quarters).
Unfortunately, mint set quality is also very poor for the date and affects mostly the Philly issues.
It's unlikely you'll find a '71 set with even one coin worth the slabbing fee but about one set in
four will have a minor gem (usually a cent or D quarter).
Until recently the best bet was to cut these and send in the top 1% for grading. Even if a set
contained no good coins then it would still be worth more apart than together. Now, however,
you lose the set premium if you bust it up and the chances of recouping it with gems are not
very good.
The name is LEE!