A comment regrading modern vs classic !
jdimmick
Posts: 9,753 ✭✭✭✭✭
I have been selling on e-bay for several years, and have always bought and sold classic coins becuase thats what I prefer. However after opening a local shop, I get it much more mint product/newer stuff than good old classic's. Therefore I list a bunch of this stuff when it comes in like last week where I picked up a mid 5 figure deal of it.
What I am seeing recently is much more bidding activity and better prices realized on this type modern era stuff than typical classic stuff. Not talking about key-dates per say, but classic type, older stuff. Amazing as I my self never bothered with it when I collected!
jim
What I am seeing recently is much more bidding activity and better prices realized on this type modern era stuff than typical classic stuff. Not talking about key-dates per say, but classic type, older stuff. Amazing as I my self never bothered with it when I collected!
jim
0
Comments
I still think the real money is in the classics, especially key dates...but as a dealer, you have to acknowledge the selling power of moderns in quantity.
<< <i>Collecting is a matter of personal interest.. the market lies in satisfying that interest. I have marbles worth well over a $1000 each... so the issue is not modern or classic, it is what the individuals like... at the time. Cheers, RickO >>
You certainly have to be careful to not lose your marbles.
<< <i>Collecting is a matter of personal interest.. the market lies in satisfying that interest. I have marbles worth well over a $1000 each... so the issue is not modern or classic, it is what the individuals like... at the time. Cheers, RickO >>
Interesting. I have a Peltier Superman shooter (from the 30's), flawless condition no hits, that was my dads marble. I was surprised to find out it is worth quite a bit. Also have several other Peltier, christmas tree, liberty, etc., in mint condition. However I don't collect marbles, I did do some research on them years ago after they were given to me.
<< <i>I think there's always been (and probably always will be) a healthy market for modern mint products mainly because of the younger collectors. I remember when I was a kid in the late 70's my father got me into buying proof sets and mint sets directly from the mint. It was exciting for me and they were beautiful coins.
I still think the real money is in the classics, especially key dates...but as a dealer, you have to acknowledge the selling power of moderns in quantity. >>
One of the reasons that moderns have always had some popularity
is that there always have been some moderns available. People could
collect large cents out of pocket change or spend a few half dismes and
get a few of the colonials.
When coin collecting became a mass hobby in the '30's most of the new
collectors were looking for moderns and it is this that has resulted in the
relative abundance of BU rolls dated between 1934 and 1964.
This hardly means that todays "moderns" (1965- '98) or ultra-moderns
are necessarily abundant. Take the WI leaf varieties for example. Every
store won't have the ability to stock every modern because there aren't
that many in existence. Even some relatively common coins won't be
widely available because many are tied up in collections.
In a sense you might say that moderns have always been the poor man's
way to get into the hobby. This is still true even though almost everyone
has enough wealth that they don't really need the entry point.