WOULD YOU MAKE MONEY IF YOU BROKE OPEN US MINT & PROOF SETS?? PROS & CONS COMPARISON

Рет қаралды 20,948

Күн бұрын

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Пікірлер: 76

@ShirlBussman 5 жыл бұрын

I will never break open my mint sets. I'm thinking my heirs will do that after I'm gone and I will just haunt the living daylights out of them. If they can make some really awesome money that is a different story. I try so hard to educate my sons and grandkids before I go. This was an eye opening video because I don't know what to do about them. As long as I'm alive they will stay in sets. ATB & GB

@laurachamberlain9591 4 жыл бұрын

If a coin is dcam proof 70, why wouldn't you open and grade it?

@dannyp2058 5 жыл бұрын

How could I not like this video!? I hit the like so hard my screen almost smashes, but seriously with me to see them silver or even non silver proof struck coins is such a temptation to take them out just to touch them but of course don't. And to divide a set is not really a wise thing in my eyes too. Really enjoyed this, Thank you

@GorgonnogroG 4 жыл бұрын

im 55 years old and got into this hobby kinda late but as they say better late then never i guess thank you for teaching us/me about the attributes and do's and dont's i have a couple sms mint sets and a lot of the proof sets from 69-2008 i know its not the complete set but i think the way i acquired them gives me the time to learn about each individual sets and what to look for as errors and varieties, i also have about 100 or so Kennedy halves varied years from 64 -2018 which includes some nice coins and some not so nice all in flips also have walking liberties Benji's, franklins seated dime from 1874. Im working on getting the mint sets now from early 60'sto present,maybe im crazy, but i really enjoy this hobby and these coins are special to me because now being 55 years old as a kid i never got an allowance so i guess you could say im amking uo for it now by giving myself hap[iness by collecting

@evilnineteen 8 ай бұрын

I just broke down a 2009 uncirculated set and sold the 4 pennys for 40 dollars which is almost 3 times what I paid for the entire set. I just happened to find a gentlemen that wanted those for his collection and i have 6 sets from both mints so I didnt have a problem breaking one down to make a few bucks. Thanks for the info as always and have a great day brother.

@lsaac_ 2 жыл бұрын

I think it is 100% fine to break open mint or proof sets as long as you put them in some kind of special container. I would put them in air tight capsules. (Get ones that you can adjust the space inside to fit different coins)

@chrisrozewski9526 Жыл бұрын

I have the '51 - '55 original proof sets still in their individual cellophane envelopes, stapled together, in tissue and U.S. Govt. cardboard box. Some of the coin's are toning. I recently read that sulphur in the cardboard used for the boxes is causing the toning. Still, I don't want to break them apart but I'm having a difficult time finishing my Franklin album. The '54 and '55 proofs were easy enough to find cheap but the other's are selling for more than the sets cost me. I'm tempted to break them up and keep searching for the 1950. I'm hoping for another opinion.

@Peg-ee5ei 2 жыл бұрын

I have never broken any kind of a set. However I am just beginning to learn about varieties. You did a great job of explaining this. Thank you!

@Mischyfs 4 жыл бұрын

As a fairly new coin collector, I buy the uncirculated mint sets and break them open. I put them in capsules and then add them to my pages. I do this because I am sure it is UNCIRCULATED because it is coming out of the plastic covering from the mint. I've run into problems where auctions or dealers have told me that the coin I was buying was directly out of a BU uncirculated roll only to find out later that it has been circulated. If a 1960 set is only selling for less then $10.00 then I don't see how the set is going to climb in value after 60 years of being released. However, I can see your point on the proof or silver sets. They do fluctuate in price all the time online and I think those sets should stay as a set. Thanks for the great video!

@marymaynor3345 3 жыл бұрын

If your still interested in the answer to your question all I can tell you to do is go to Heritage auctions and look at their auctions and maybe sale through them. Heritage auction is the best place to sale your coin's. It would be best to have your coin's graded. But I'm just now learning how to sale their them myself. Good luck.

@jzak5723 2 жыл бұрын

You can generally make money by breaking the set up and selling all the coins individually compared to just selling the intact set. That accounts for part of the reason people break open sets, the other reason is to cherry pick the better coins for sets or sending in for grading.

@undefinedsilver6089 5 жыл бұрын

Agreed here Blueridge. The many sets I have will stay as sets. I bought them for collection purposes, not to make a couple quick bucks. I enjoy looking at them and I hope to continue to look at them for many years to come. Keep the good information coming. US

@davidcarlisle3384 5 жыл бұрын

I enjoyed the mint set video. I am waiting for a 1971 mint set to arrive in the mail right now. I doubt that the half Dollar will be valuable because of who I bought it from. But I will have something that I didn’t have,uncirculated coins to enjoy. 😊

@billdriscoll770 Жыл бұрын

I did leave them in the original package but then I got some books for them and I enjoy looking at them in a book rather than opening a package every time. And they look a lot better out of that old plastic. I'm not planning on selling them but I think they look better in a book and it's a lot easier than opening all the different ones one at a time.

@sarsarsvintagejewelry 4 жыл бұрын

I break open the old ones in plastic sealed sheets but I keep them in my own collection. I feel like the plastic allows the coins to slide around and they are getting wear on them. Plus the plastic sometimes has holes in the ones I buy at garage sales and auctions and I don’t want them to be exposed to air and moisture. Anyway...my 2 cents. Lol!

@darkdialga777 4 жыл бұрын

For proof sets 68-onwards, I crack the set open if I have not had that set before. I put each coin in a 2x2, and then I place the 2x2 into a slot in the plastic page in my three ring binder.

@thelostcoinhunter1710 5 жыл бұрын

Great video as always blue ridge!!!!

@fingerstylefan Жыл бұрын

The only thing I have thought about taking out of the case is the state silver proofs and put in a framed display to hang on the wall. I just think that would be kinda cool.

@MrDeenice28 5 жыл бұрын

Hey man awesome video once again!

@johnstarr8858 5 жыл бұрын

I leave mine in the mint set, especially silver, for instance me and my friend we both bought the JFK 2016 30th anniversary set I left mine in the box he got his slabbed meaning graded he has milk spots now, on my coins brand new no spots it's like old gold & new gold , new silver & old siver today we buy from India 200 plus tons a year , but in all and all I keep mine in the set , my opinion, but anyway great video thank you

@centavoos 5 жыл бұрын

Does it paid to check the P cooper and the D cooper for errors ?thanks

@nick-un9pk 5 жыл бұрын

We all get to make our own choice. I love America.

@thomaskaiser1957 Жыл бұрын

I feel it depends on how modern the set is and what platform you are using to sell on, plus if it is a silver set vs a clad set.If you are selling on say "whatnot" and you have a modern silver quarter proof set, you can absolutely make more money cracking the silver quarters free and selling them individually. You might be able to get $35 for the entire set of 5-6 silver quarters where if you sell the quarters one at a time, you can get around $10-$15 per quarter so let's say you are working with 5 quarters you just turned $35 into upwards of $75. This is just what I've seen specifically on the whatnot live auction app, I can't speak for anything else. Like the maker of this video said everywhere else the doesn't seem to be much of a premium for these modern silver quarters but on whatnot I see them sell for a lot (relatively) on an individual bases as compared to in a full set.

@jzak5723 Жыл бұрын

I buy strictly post-1999 silver proof sets from my LCS's and online,. I crack them all out and put them into 2x2's as soon as I can, because I find that many of the silver coins will begin to develop some unattractive toning if left in the cases over time. Storage conditions may be responsible for the toning on some sets, because I have purchased sets from the early 2000's that are not toned also. I don't know if proof sets sell better if left complete in the cases or not, since I've never sold them that way, I sell off the individual coins, but likely they do sell better all together in the set, at least faster. I'm not in any hurry, and I know that I can make more money selling them individually, so that's what I do. I sell all this kind of stuff on Ebay, and it can take some time using a Buy It Now price, but eventually someone will come along and pay the price you are asking.

@larrysylvester6143 5 жыл бұрын

BR thanx for taking your time to explain that into to me everything is a gamble keep up with the excellent videos

@surfitli 5 жыл бұрын

Here I s something interesting. The mint set coins are not the same strike as the business strikes. They share mint marks(P+D). If they are removed from the packaging they would loose value unless they are graded, and I have seen Slabs label them from an UNC set.

@patreushadrakas497 5 жыл бұрын

I'VE GOT A 1996 SILVER PROOF, AND I AM GETTING A WHITE RING ABOUT 1/4 INCH AROUND THE RIMS. DO YOU BREAK IT OPEN TO TRY CONSERVATION OR WOULD A DEHUMIDIFIER WORK ?

@churchillcoins8519 5 жыл бұрын

Enjoyed the video thank you. Can you create a video on how to crack the 80’s and 80’s (Black hard plastic) mint sets.

@arachnoguy Жыл бұрын

Soooooooo, I had a collection and managed to inherit other family members collections. Should I bust open and holder one of each of the mints to sell individually?

@abaronsnumismatics 5 жыл бұрын

good colection

@dalesmith6384 5 жыл бұрын

I have been opening proof sets to put the coins in my collection, in 2x2s in notebooks. What does the community think about this practice? Been trying to decide about opening Unc Mint Sets as well. I am not looking to sell the coins, just keep them in my collection. Thanks for your input.

@petesmith9688 Жыл бұрын

A lot of the uncirculated mint sets can be acquired pretty cheaply. Maybe think about getting a double set if you want to break out a certain coin. Just an option.

@howardsmall1612 4 жыл бұрын

I was thinking of selling my mint and proof non silver sets after 1973 . What do you think of that idea as I’d like to see first how the non silvers sets do . I was told I can get 55% of gray sheet prices to me.?

@davidcolquhoun9646 5 жыл бұрын

I've got mint and proof sets,I think I will keep them un opened but the toned coins in the sets may well get cracked open.🙋

@rick5653 2 жыл бұрын

Have you ever sold any coins out of a mint said to the heritage auction?If you have, can you do a video about it please

@lynnschmidt511 5 жыл бұрын

You could get more that way?

@allenknight555 5 жыл бұрын

As soon as you break them out it's too easy to get a finger print or ding or scratch ,the only way they will any value in forty years is if they're in perfect condition.

@toddbarnes2866 3 жыл бұрын

I just broke up a 1964 sms P & D for the quarter varieties.

@lisacolbert5987 4 жыл бұрын

Sure , but what if you bought some regular mint sets on Ebay that've been heavily cherry picked and all but one of the coins in the set are loaded with carbon spots , milk spots , terrible strikes and nicks ?

@lynnschmidt511 5 жыл бұрын

You mean the JFK half dollar, sold separate 1976 bi cennential would cost more?

@DavidJohnson-qx6iw 5 жыл бұрын

I went to sell my clad proof sets. After calling my L.C.S, They basiclly told me they weren't interested because there was no market for them. So I decided to just collect Silver Sets. Silver is were the real values are anyway.

@chrissahar2014 4 жыл бұрын

Yeah after selling my family collection which had a ton of clad proof sets, I vowed to stay mainly with silver proof sets as you will at least have a chance for the bullion to appreciate at times. I do get a proof clad set if a) they are offering extra such as the 2019 W Proof finish, b) it is cheaper than a silver proof set I think remains overpriced - the 2012 set, c) the clad set is simply beautiful or the denomination is only available in clad and/or the mintages are low for the US Mint (AI dollars rev proofs, 2012 clad proof quarters). I buy mint sets only in the hopes of having great specimens of business strikes and, if lucky, an interesting error.

@Kenlydford Жыл бұрын

What about a 1956 proof set in a opened envelope with a type 1 Benjamin Franklin and put them in a capital holder? Is that a bad idea?

@anonamust8697 Жыл бұрын

Shouldn’t all you guys who say that you would never break open the proof and mint sets be glad if there are guys out there busting them wide open, as every time another one gets cracked into, that means that the set(s) that YOU have just got scarcer? And “scarcer” will eventually translate to “more valuable”-will it not? Now, I understand that you might not even still be around; perhaps none of us will be when the values on a lot of the proof and mint sets appreciate significantly. But does that really matter? The point is that the actions of the guys busting open the sets will eventually and gradually equate to a rise in values of the pieces that you are holding onto. Maybe it will be your children or grandchildren or great grandchildren who will benefit from that increase, but what’s wrong with that? Again, the point is that things are heading in the right direction for YOU (and yours) if I’m sitting in my hobby room busting open the identical item(s) that you are archiving.

@bobdunn4179 5 жыл бұрын

Great video! For me, I will break down every soft pack for the simple purpose of preservation. The early soft packs have some vinyl content them which can leave a milky film on the coins.

@Monipenny1000 5 ай бұрын

Thanks! That explains an old mint set my husband recently received, those coins are so milky looking, very ugly. I wondered what would have caused that.

@estherward8066 Жыл бұрын

is the 1977 s still in demand

@badgerskicks3902 Жыл бұрын

I’ve been considering taking all the silver out of my sets and using the non silver coins to buy more silver. It’s a hard decision to make. I have a thought that when it’s time to sell that the economy might be such a mess that I’m only going to get silver value anyways and the rest would be worth less than it is today after beat down by inflation.

@charlesadkins7067 3 жыл бұрын

i buy these sets and break down to have just to see how high a grade i can get to me its only a game

@thegrandlevel313 Жыл бұрын

I’d just spend them in the package

@310rustyswan 2 жыл бұрын

I break my proof quarter sets and roll them up. Proof bullion or proof constitutional. The price is right, there is no wear, and they stack very nicely.

@Keegan_0727 5 жыл бұрын

My penny has a mini black soot on it from the mint set. I hate the black spot on it. Is there an explanation of why the mint did that?

@marymaynor3345 3 жыл бұрын

I have this on a 1984-S proof cent.

@michael61985 5 жыл бұрын

People break open sets to make complete nickel amd dime sets and so on

@bunymustard2584 2 жыл бұрын

Please do this topic again in 2022🤞🏽

@bezo8162 5 жыл бұрын

I paid for my 2018 reverse proof mint set by breaking one open and selling individually....

@RipVanSmith 2 жыл бұрын

I don't believe in cracking them open. I use the Eagle plastic proof set holders that holds four proof sets per page and store them in the thickest binder with slipcase I can find. Currently that's the Lighthouse Vario G D-ring binder at 3.25 inches thick.

@saraperez5414 5 жыл бұрын

I am thinking about how much can I ask for a bag of 938, pennies,,,,date 1969,s give me one idea, please

@josemontes8307 5 жыл бұрын

Blue ridge I agree with what your saying, but how about the two collectors broke up the proof sets with two proof dimes that did not have the mint mark and then sold it for hundreds of thousands

@marymaynor3345 3 жыл бұрын

Well I think that speaks for itself really. But think there for a second. How many no mint mark dimes are still with their original set's and how much it would be worth in it's original proof set. I know I'd pay top dollar for a no mint mark dime in it's original proof set with all original coin's with it.

@richcox1258 Жыл бұрын

could you please respond to more of the comments. several of us have the same questions. thanks

@jerrymoede9073 Жыл бұрын

so i have a 66 proof set. the Kennedy has no FG. so is it in by best interest to keep it in the hard case or break it out and have it graded? or no?

@Kenlydford Жыл бұрын

I would.

@jerrymoede9073 Жыл бұрын

@@Kenlydford i did its at PCGS for grading. should get it back soon.

@Monipenny1000 5 ай бұрын

@@jerrymoede9073 What grade did they give that coin?

@martyhastings9347 5 жыл бұрын

Is there a chart with prices of old mint and proof sets to present?? (some place on line?) Some times i come across a mint set but don't know if the seller wants to rip me off or is giving me a good price. thanks for sharing.

@PrinceAwesome 5 жыл бұрын

Try the online red book.

@martyhastings9347 5 жыл бұрын

maybe you could give me the URL for the sight. i tried to google a bunch of different ways, but did not see a price list for mint sets or proof sets.

@marzbarz915 4 жыл бұрын

Ive opened all my mint sets, proof sets and silver sets which consumed some beautiful 8 series Dansco Albums. I'm able to enjoy my coins via an organized and structured medium by date and denomination. Just my 2 cents to the public, not sure I would say opening these are bad, but take your time and question yourself, are you going to remain in the hobby??

@vernmaas3609 Жыл бұрын

One nickel with full step is worth 10 times what one mint or proof set is worth as a whole

@mobblue5077 4 жыл бұрын

Ok I opened the proof set that was 1975 no mint mark proof sold I get rid of coin

@Bo_D_Vine 5 жыл бұрын

I have the 1964 no mint mark, satin finish set.. I’m desperate to know what to do. I must sell them. I’ve attempted to contact you and was actually locked out of my email access. Could you please respond here?

@garys4067 5 жыл бұрын

My practice is to buy two proof sets and two mints sets every year. I keep one of each intact as a proof/mint set collection, and I break one of each out to put in coin albums. I'm not trying to make money with them in either case. Proof and Mint sets are generally a poor way to invest in coins unless you can afford rarities, which I cannot.