Entries Tagged 'Coin Sets' ↓

2011 Presidential Dollar Proof Set

Who will buy the 2011 Presidential Dollar Proof Set? The individual offering containing the proof versions of the four $1 coins issued during the year for the Presidents has lost some of its relevance.

This year, the US Mint released the 2011 Proof Set in mid January. This was a positive change for collectors who were used to waiting until mid-year or later for the popular annual set to be released. However, it threw off the dynamics and perhaps the main marketing point of the separate proof sets which have generally been issued first.

Last year, I bought the 2010 Presidential Dollar Proof Set just to get an earlier look at the Abraham Lincoln Presidential Dollar. Since I was getting the full set later, this set became redundant and I actually just gave it away as a gift.

This year, the incentive of getting coins earlier has gone away. Also, following a price increase, the 2011 Presidential Dollar Proof Set is $19.95. I will definitely pass on this offering, as I suggest other collectors will.

(In case anyone is wondering, the image is from the 2011 Presidential Dollars included in my full annual set.)

2011 Mint Set

My 2011 Mint Set arrived from the United States Mint a few days ago. This year’s set represents a big shift from recent years as the finish of the coin has been changed from satin like to brilliant.

From 2005 to 2010, the satin finish was used for set. For the first couple of years, coins included in the sets were immaculate and made ended up grading MS69 at the major grading services. Certain of the State Quarters are so abundant in this top grade that the premium is very small.

At some point, it seems that the US Mint may have changed their packaging procedure or coin handling procedure, which resulted in more coin on coin contact. This type of contact left a lot of marks on the coins and correspondingly the average grade and general eye appeal of coins included in Mint Sets declined.

This was not without something of a silver lining. Coins that had managed to escape contact marks and grade MS69 were in the distinct minority from perhaps 2008 onwards. This meant that some diligent searching could uncover top grade coins worth a nice premium.

Well, the mechanics of Mint Set collecting have changed again. The new brilliant finish most likely won’t be differentiated from circulation strikes. That means high grade circulation strike coins will be easier to find (lower premiums), and the great satin finish experiment will have concluded, creating short sets of 2005 to 2010 across the various denominations.