Have we seen the best?
DAM
Posts: 2,410 ✭✭
Discounting Moderns, are there high grade 19th century or earlier coins waiting to be discovered?
Do you think there are coins still out there that would make the elusive level of Pop Top or Finest Known? Are there coins still undiscovered in attics, drawers, lock boxes, walls, buried, or elsewhere, that by todays standards, are at the head of their class? Aside from raw coins in the hands of collectors who prefer not to encapulate coins, or those permanently impounded in public or private collections, have we seen all our hobby has to offer?
Do you think there are coins still out there that would make the elusive level of Pop Top or Finest Known? Are there coins still undiscovered in attics, drawers, lock boxes, walls, buried, or elsewhere, that by todays standards, are at the head of their class? Aside from raw coins in the hands of collectors who prefer not to encapulate coins, or those permanently impounded in public or private collections, have we seen all our hobby has to offer?
Dan
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The is the joy of collecting. There is always the chance and hope for a discovery coin- and the beauty is, it can be YOU that makes that discovery!
(Just look at Greg's Pop01 1971-D MS68 Kennedy as a great example.)
peacockcoins
Old Buddy he said discounting Modern Issues.
DAM:
The Coins are still out there and We keep looking. I believe in the next few years many will surface as some of the Very Old time collectors disperse thier collections. Just last year the Kritzman Merc Collection was put up for sale and sold. Not all of the Coins were Top Pop coins but some of them were. These had not been seen anywhere on the Market I believe. Others will follow.
In the meantime, some fantastic coins CAN be discovered post 1932. I know Mitch is seeking a MS68 1955-S Lincoln and my guess is, after he finds it, that'll be an accomplishment that will stick with him for awhile.
Men are primarily hunters. If not for game to feed our families, than coins to feed our passions.
peacockcoins
you would be stunned flabbergasted!!!!!!!!!!
if you knew waht is still out there pre 1940;s pre 1910 pre 1890's the list goes on and on
sincerely michael
it will come out in the next 5 10 20 years or so and will help the market not hurt it!!!!!!
just like the huge hoard of cc dollars in the 1970's
market for many years and should serve to keep things interesting.
Proof Dime Registry Set
I intentionally exempted 20th Century coins, in favor of discussing 19th century coins and earlier, because in most cases there are too many of them floating around (and you have to stop somewhere
Anyway, I was just wondering what may be out there that we haven't seen or been made aware of. And perhaps some forum members have an idea of what is going to be available within the next dozen years or so.
do know what they have and how to take proper care of them. Yes, there
are some raw unsearched coins out there and a lot of these may be envir-
omentally damaged. There are very few pre-1934 coins left in original rolls
or bags. These have been broken up for many years.
There are even fewer moderns in these old collections. Many of these col-
lections were formed years ago before the moderns were even minted. The
others rarely contain newer coins because people just didn't collect these
until recently and the kind of collector who puts together raw sets of high
grade bust dollars tend not to also collect clad dimes. Most extant high grade
moderns have either been slabbed or still exist unknown in mint sets or rolls.
I am sure there are still some waiting to be discovered, but the numbers would be low. Even the raw 1893-S Morgan that Jack Lee paid $462,000 for was in a well known collection, just never certified. Of course, if a large number were held together, then chances are the collection would be known.
The reason I left 1900 and up out of the discussion was for the reason cladking stated. For dates beyond the 30's or so, especially 50's and up, there may be, and are for some, rolls and bags that exsist that, if searched, could destroy todays high grade population count for some dates. Look at the fever surrounding high grade state quarters for example. Low pop, high grade coins, going for hundreds of dollars, while there may be dozens of coins yet to be graded that match the highest grades now recorded for those dates.
It was the example you used of the 93-S Morgan that this thread was meant to address. How many more coins could there be in collections, or in other places unknown to anyone, waiting to be found?
Nice thoughts from those who responded. Now lets find them!
They always seem disappointed to learn that millions of 1884 Morgans were minted and are still very available in circulated condition. I suppose I'll run across something high quality in my lifetime. But the way people are storing these coins it seems more likely to find a key date rather than a high quality coin.
Camelot
Joe
They were gone within several hours.
Now that was a huge HORDE!!
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
I haven't read last two copies. They're sitting on my couch waiting.
When I get home, looking for the article you described will be at the top of my list. I love stories like that.
Maybe we should all check our attics, and those of our elderly relatives!