1950-70 CAM/DCAM coins: how big or small of an area is this segment of the hobby?
SanctionII
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The 50-70 CAM/DCAM coins are one of my favorite. I know that some sellers of these coins agressively promote them to collectors and investors, with ads and books touting how "rare" some of these coins are and touting that they have gone up and will only continue to go up in value.
I am curious about what the reality is for these coins.
For those in the know, is this segment of the hobby a "niche" with a small, but fanatically loyal following; or has it matured into a broader segment of the hobby with a large following of collectors and investors. Your thoughts, comments and opinions please.
I am curious about what the reality is for these coins.
For those in the know, is this segment of the hobby a "niche" with a small, but fanatically loyal following; or has it matured into a broader segment of the hobby with a large following of collectors and investors. Your thoughts, comments and opinions please.
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The other thing i noticed is that they all seem to have annoying white spots. Those always seem to bug me! Good luck!
and it sets us apart from practitioners and consultants. Gregor
<< <i>I know where you can get a 1963 PCGS PR69DCAM dime for under $100. >>
That's because nobody cares about the dimes. A Frankie in the same grade would be many thousands of dollars.
(Yeah, I know, the pop is a lot higher on the dime.
Russ, NCNE
the two above threads are a good place to start when assessing where this "niche" market may stand in terms of true rarity. admittedly this is only graded numbers listed in the PCGS pop report but i can asure you that the numbers are rather static, especially when you consider that the current bull market which is pulling everything into the light of day has yet to uncover the supposed large numbers of DCAM's for the years 1950-1970(and for all intents and purposes, you may as well include 1936-1942).
to your question about where these coins are headed, i find that to be multi-tiered, resembling dominoes in the way that they affect each other. if you're asking about the numbers, i think the current data will show that they aren't going to explode soon or ever, they will remain historically low because they are absolutely rare. they just don't exist in large numbers, especially true DCAM's. this simple fact will help keep prices at least up to a respectable level no matter where the market as a whole goes. my experience tells me that the lower numerically graded DCAM's often go overlooked and can be a good bargain for the long hold. all those things combined can only bode well for the future as "Modern" issue move further into the past.
DCAM Jefferson Nickels, DCAM Lincoln Cents and all DCAM SMS coinage have great potential for the long holding collector, while the Washington Quarters and Franklin/Kennedy Half-Dollars seem a perennial favorite no matter what happens with the numbers. the Roosevelt Dime is an enigma to me, low numbwrs without the pricing that would be expected; the sign of a true sleeper??
The older proof coins is an interest of growing interest to me, so I like to hear this area of CAM & DCAM coins are not on fire.....
and it sets us apart from practitioners and consultants. Gregor
I believe more and more Baby Boomers will become involved in collecting coins due to the SHQ program and expand theyre interest's to the proof coins of the 50's and 60's.
This generation of retiree's will be very affluent (as long as gasoline doesnt hit 6 bucks) with a significant amout of disposable income,this will only lead to 2 things.
1. Raw proofs coming out of the woodwork (very small supply,with no impact on pricing)
2. Severe competition for the available coins (huge impact on pricing)
That is a very nice turn of phrase, succinct and easily understood.
I also enjoy all of the comments on the topic, plus the related links. The beauty of these Proof and SMS coins; coupled with how hard it is to find DCAM or even CAM examples; coupled with the fact that most and maybe all of the series minted in proof and SMS during 1936-1970 are coins a lot of us grew up with (ergo familiarity and nostalgia); coupled with massive transfers of wealth from WWII parents to baby boomer kids; coupled with the upcoming retirement of baby boomers (resulting in people with leisure time, good health and lots of discretionary funds); coupled with an increasing number of collectors all point to future strong demand for a static number of coins.
I will give an update to this post in 20 years and let you know if I made any money on the CAM/DCAM coins I have collected.