Am I silly for collecting more modern coinage?
Hedger
Posts: 1,238
I would agree to an extent that this may be silly in that these coins probably won't gain much in value and there are so many of them. I was thinking of starting a modern nickel collection from 1999 up. How about Kennedys? Maybe this will be just for fun but I like nice gem BU coins more as compared to more scarce fine coins without much eye appeal. Any recomendations besides do it or don't do it?
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Russ, NCNE
I collect old gold and, are you ready for this - Eisenhowers
If you like it, go for it - there is no right or wrong
Hedger,
I personally enjoy collecting the old and the new! I have modern sets such as ASE, Sacs, SBA, IKEs as well as Saints, Morgan's & Peace Dollars.
So to echo what's been said, go with what you like!
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<< <i>Kennedys suck, though. Don't waste your money.
Russ, NCNE >>
Okay... I about fell outta my chair on that one Russ...
Just a couple of questions... why a modern nickel collection from 1999 and up? Why 1999? If you feel like that's a good date to start with, that's great... just wondering your opinion. Also, what's your long-term goal for this? a registry set or for fun?
Also, just to state my opinion... a nice shiney new nickel may look nice, but I'll take all the mint state 1965-1970 5+step coins "without much eye appeal" you can find.
Steve
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
Russ, NCNE
<< <i>If you like Nickels, You could collect ones that look like these:
Russ, NCNE >>
You SUCK, these are your dregs from your CAM Ken searches!
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.
Not so. I collect gold and high-grade business strikes, including MS68-69 moderns, and rest assured it's not "silly" collecting them, as some of them can be tough in the higher grades (mint sets and rolls have atrocious quality control). I readily concede these are "conditional" rarities and will never be considered truly rare coins, and I do consider them third-class citizens when compared with gold coins or truly rare pieces. But I enjoy having pristine slabbed coins that we use every single day in regular commerce, and it sounds as though you do, to.
And if you like nickels, why not try to build a collection of MS68-MS69s with the FS designation? That is an endeavor that could take years, since the quality of modern nickels is terrible. Heck, you may never be able to do it, but the challenge would be fun, I think.
In any event, here's a recent post about the value of some moderns from the 70s and 80s. Nothing silly about those hammer prices.
<< <i>these coins probably won't gain much in value and there are so many of them. I was thinking of starting a modern nickel collection from 1999 up.
Not so. I collect gold and high-grade business strikes, including MS68-69 moderns, and rest assured it's not "silly" collecting them, as some of them can be tough in the higher grades (mint sets and rolls have atrocious quality control). I readily concede these are "conditional" rarities and will never be considered truly rare coins, and I do consider them third-class citizens when compared with gold coins or truly rare pieces. But I enjoy having pristine slabbed coins that we use every single day in regular commerce, and it sounds as though you do, to.
And if you like nickels, why not try to build a collection of MS68-MS69s with the FS designation? That is an endeavor that could take years, since the quality of modern nickels is terrible. Heck, you may never be able to do it, but the challenge would be fun, I think.
In any event, here's a recent post about the value of some moderns from the 70s and 80s. Nothing silly about those hammer prices. >>
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
Nah, now collecting early gold would be silly.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Lets talk price for a second... Mr or Mrs Hedger... shall we?
In regards to Jefferson Nickels... would you believe that a 2004 Jefferson Nickel sold recently for the ballpark of $2000? How about a 1996-P, currently with a price of $750 on the BST board? I could list a number of prices, but something tells me, you might not think that these coins could be expensive, which is exactly what I thought when I first got into them. Boy, was I wrong and I think, you might be too.
Steve
I wish I had my price guide with me at work... people who don't collect this series have no idea what these coins have been selling for this year... and PCGS doesn't either with their price guide... it is totally wrong.
But, just like everybody else has been saying... collect what you like. I hope you enjoy it... cause it's your money your spending.
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
Collect what you like. I just finished a raw set of roosies tonight. Received the last 2 in the mail today from
a fellow board member. They are not registry quality, but I like em and that is what is important to me. I also have have walker, franklin, and kennedy halves. Ikes, sba's, and sac's. I also have other raw sets going, but my big love is Statehoods and I have what I feel is a nice registry set going. Its not the best, but its coming right along. I have probably spent way too much on these but its what I can afford in high end grades. Who knows, I may make some money on em later, but if I don't I have had a lot of fun. Met some nice people, and know the thrill of sniping a few of these in the last seconds of auction!
Roger
<< <i>Am I silly for collecting more modern coinage? >>
IMHO, as long as you enjoy what you collect, that 's what matters, silly you.
<< <i>You're never silly for collecting what you enjoy. .
>>
I agree--after all, some people collect barf bags!
BTW, I love your avatar Hedger. I saw it on someone's username here and ended up getting one of those Neptune coins.
PR70