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Today we’re taking a look at the 4th group of modern US Mint dies currently on the market. Feeding off of the successful release of the 1995-1996 Olympic Dies, which were met with high customer demand, the US Mint decided to once again market and sell more coin dies, but this time, unfortunately, with one HUGE difference- the face of the dies would be completely ground off.
I’ll be referencing this US Mint catalog page that came with my set. The Mint decided to market these circulation coinage dies in Coin & Die sets in 4 different denominations; 1 Cent, Nickel, Dime, and Quarter. Again, you’ll notice the absence of Half-Dollar Dies, making them the only denomination of a modern circulating coin die that has never been sold by the US Mint. The sets were issued from both the Philadelphia and Denver mints, but were issued to customers randomly.
The dies in these sets were completely canceled, which brings us to the main reason so many collectors are turned off by these sets. The moment they grind off the entire face of the die, the Mint themselves considers them to be scrap metal, as proven by the 1968 and 1994 dies, which only made it into the public's hands precisely because they were sold as scrap. So unfortunately, by completely defacing the die, the Mint canceled not only the die, but also canceled out a lot of the attention and demand these sets would have otherwise garnered.
That’s not to say it isn’t neat to be able to buy a die that was actually used in striking coins. I think the Coin & Die sets were a cool idea, but I just wish they had done it right. But, more on that in my last video in the series.
The fact that these were completely defaced, sadly also made them a poor investment. If you had bought one of these when they were first released over 20 years ago, you would’ve paid between $30 and $40 bucks per set. That might not sound like much since these sets are currently worth between $40 and $50 bucks, but if we flip this over, you can see that back in 1998, you could’ve purchased instead a proof American Silver eagle for only $24 dollars, or a 1/10 oz proof Gold Eagle for $70, the cost of 2 Coin & Die Sets. Both of those items have more than tripled in price, while these (Coin & Die) sets remain much closer to their original issue price. For comparison, the X-Canceled Olympic Coin Dies were issued at $49 a piece, and are currently worth between $600 and $2,500! Yes, that’s due in part to low population numbers and the proof finish on some, but it’s clearly mostly due to the canceling method employed for each release.
In conclusion, I’m all for unique numismatic products that give us insight and help us learn more about coins and the processes used to mint them, I just feel that by completely defacing the dies, the Mint missed the chance to create a truly special set. Even so, these sets are interesting conversation pieces, and can still help to educate ourselves on what dies look and feel like.
In my next video we’ll briefly take a look at the 10-year series of Coin & Die sets from the 50 State Quarters program, so stay tuned for that video! Let me know your thoughts on these 1998 Coin & Die sets in the comments below. If you’re new to the channel, don’t forget to subscribe, and if you enjoyed this video feel free to give it a like, and share it with a numismatic friend. Thanks for watching, and I’ll see you in the next one!
Негізгі бет The 1998 Coin & Die Sets // Ep. 3/6
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