This assessment concerns the Franklin Mint coin set submitted by the Office of Inherited Curiosities, referenced under original link https://worthless.cc/franklin-mint-coins-worth-6/.

The submitting party reports retrieving a dust-covered set from a parent's basement, under the mistaken impression it represents a hidden nest egg.

I have bad news and slightly less bad news. These coins are mostly worth a fraction of their original purchase price.

The bad news is that the resale value has collapsed so thoroughly that the set's market price barely covers the shipping cost to an auction house.

The slightly less bad news is that the metal content—typically base metal or low-grade silver—at least prevents a total write-off to zero.

However, do not mistake a non-zero scrap value for an investment return. The sentimental premium your parents attached to these objects does not transfer to the secondary market.

Franklin Mint coins were manufactured as collectibles, not currency. Their production runs were enormous, and the secondary market is flooded with identical sets.

Demand is minimal. Most sets sell for ten to twenty percent of the original issue price, and many cannot find a buyer at any price.

The typical outcome for such collections is storage cost exceeding eventual sale proceeds by a factor of three to five.

I recommend listing the set at auction with a reserve price no higher than its scrap metal value, and accepting any offer above zero.

Further depreciation is expected as storage conditions degrade the packaging and surfaces. Time is not on your side here.

This assessment is filed under reference 4492-f. Signed: Vincent Hale, Senior Appraiser of Regret, Department of Random Domain Management.

SOURCE: https://worthless.cc/franklin-mint-coins-worth-6/ — Filed by the Bureau of Worthless Affairs, DRDM.

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