WEEK #312 IT'S FRIDAY SO IT MUST BE NUMISMA-QUEST TIME

[LISA B]

QUESTION:

 

Why did the price of a proof set jump from $2.10 in 1964 to $5 in 1968 when the coins’ metallic value declined?

 

Good Luck!

 

Our first place winner will receive copy of Dave Lange’s Coin Collecting Boards of the 1930’s & 1940’s, Autographed by David W. Lange. There will also be a runner up prize given to a randomly selected player with the correct answer.

 

REMINDER: The Numisma-Quest ends on Saturday at midnight EST. Entries after that time will not be valid. See the Trivia info post for more details.

 

When you post your answer, only the administrators can see it. Stop back this Monday. We will make all the posts visible and announce the winners.

 

[dan8402]

In 1968, they started to be made in San Francisco. They were previously made in Philadelphia.

[bsshog40]

Was it because the Mint started to Mint these in San Fransisco again and expected the demand for the new proofs?

[physics-fan3.14]

There are two primary reasons: the cost of shipping was included, and the introduction of the hard plastic case.

[CarolinaCollector]

The sets were now manufactured at the San Francisco Mint and special dies were required for the dime, quarter, and half dollar.

[bit1work]

1968 proof set was shipped by registered mail to reduce the claims of lost shipments. The $5 cost included the registered fee.

[BankNote1]

The proof sets were produced in San Francisco instead of Philadelphia. Also they went from cello to hard plastic cases.

[rrantique]

1968 was a year of "firsts" for coin collectors. It was the first time Proof Coin Sets were produced at the San Francisco Mint (where they would be produced thereafter). 1968 was the first year that the mintmarks were brought around from the reverse of each coin to the obverse (where they would appear thereafter). 1968 was the first year that Proof Coin Sets were produced since 1964 (from 1965 to 1967, the Mint produced only Special Mint Sets). And, although it was an embarrassment to the Mint, 1968 was also the first year that a few Proof Dimes were struck accidentally without a mintmark!

 

 

[cpm9ball]

Because they went to plastic cases?

 

Chris

[just-john]

the production of proof sets was suspended and Special Mint Sets were made in their place. They were made due to a coin shortage. They were made at the San Francisco Assay Office but bore no "S" mintmark.

prices were raised because of a coin shortage

[vumc409]

To cover the new packaging - a hard plastic case, inside a blue cardboard envelope and the first class registered mail postage.

[Muleman]

Special Mint Sets they came out in 1965 66 and 67 cause they didnt do proof sets

[mhardin2413]

because the mint likes to rip us off.... i'm guessing that is not the answer you're looking for, so it must be the change in packing from the cellophane stuff to the hard plastic case (like i said, the mint likes to rip us off).

[Admiral Mike-migration]

Thats easy.... the government is greedy!! Shear the sheep!! Tak'em to the cleaners!!

 

While probably not the answer you are looking for, I thught it was funny, and as such, I should get a runner up prize!!

[rons]

Inflation or greed?? Tough call

[dooly]

Because the treasury got a new boss

[LISA B]

QUESTION:

 

Why did the price of a proof set jump from $2.10 in 1964 to $5 in 1968 when the coins’ metallic value declined?

 

Answer: The 1968 sets were sent by registered mail.

 

Congratulations to our 1st place winner bit1work who has won a copy of Dave Lange’s Coin Collecting Boards of the 1930’s & 1940’s, autographed by David W. Lange.

 

Our runner up this week is vumc409

 

Thanks for playing this weeks Numisma-Quest. Don’t forget to stop by for this weeks PMG question.