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Wednesday, January 15, 2014

Why are proof and mint sets more valuable if sealed?

One interesting thing about proof sets and mint sets is they are worth more if they are sealed.  The reason is apparent, if there is an error coin in the set the discoverer makes money.  But, once the set is unsealed the value drops if there is no error coin.  This leads to the question, how often does a sealed set contain an error coin?  In other words, if a person buys a set with a known error, would the premium paid exceed the addition that person would pay for enough sealed sets to expect a great find?  And, buying a set with a known error allows one to determine which of several possible errors would be found.

Of course the thrill of discovery may give some entertainment value.

From a purely economic point of view this may be a waste of money.  It is not like getting a roll of coins at face value and conducting a search.  Coins do not lose value.  But, opened sets do.

You may have your own ideas about this, and you are entitled to your opinion.  Just remember, it is our money that will back your opinion.




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