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Have you read CDN supplement (Feb 10, 2012 ) on moderns ?
TwoSides2aCoin
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<< <i>Gotta link????
... No, sorry it's a subscription. However, the article breaks down moderns into Contemporary Moderns and Classic Moderns. A good analysis on the pros and cons of modern coins. I'm not suggesting anyone buy the grey sheet for reading.
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TTT
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>Happy to send the article if you send me your e-mail via PM. >>
PM sent.
Congratulations on having it published.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
GrandAm
Here is my brief critique of the Article:
I thought it was a very good "first draft". Many areas were touched on, but not entirely analyzed. For example, does the author believe the 1994 and 1996 $50 MS70 Gold Eagles are legitimate mega low pop dates for that series that will stand the test of time? Are these coins worth $20,000 each today as true condition rarities of the $50 Gold Eagle series? Does the author believe the price of the Congress Half Dollar Commem is justified at twice that of the Mt. Rushmore? Are Jackie Robinson $5 Gold Coins worth "$3,200" in MS67 even with the low mintage? I have an opinion on every one of these areas based upon screening hundreds and hundreds of these particular coins over the years. The article offers no opinions on virtually any of the coins referred to in the article. Was the 1975 NO S Dime price of $350,000 a justifiable price for that particular modern rarity? And, what about the statement that "all proof coins produced from 1950 to date" are virtually all of extraordinary quality just like all bullion Eagles or Buffalos. Has the author seen that many 1950 or 1951 Proof Franklin half dollars or Lincoln Cents in PR69 grade (how about PR68 grade for that matter)? I've been searching for nearly 30 years for even a 1959 Lincoln Cent in PR69DCAM and have never found a single example. I was very surprised these coins were lumped in with the more common moderns.
In general, one of the problems with the article that I see is that it leaves the uninformed reader with the thought that mint state 1965-date coins are scarce or even rare in top grades, but the bullion coins are fairly common in perfect 70 grade (e.g. by comments such as suggesting that the only difference between 69 and 70 grade is "the price" and not the quality). Yet, this could not be further from the truth in the case of myriad bullion coins. Just look at the (2) $50 Gold Eagles mentioned in the article ... the 1994 and 1996. Again, how many coins of those dates has the author looked at? I looked at nearly (500) 1994 fresh $50 MS Gold Eagles in a single day a few years back and could not find a single true "perfect" specimen under 5 power. That coin is flat out RARE in true MS70 grade in my opinion. Ditto for 1 oz. MS Platinum coins... I had the pleasure of screening (500) fresh 1 oz. 1998 Mint State Plats a few years back and it was truly a rare find to get one of the coins graded PCGS-MS70. If one could even find a fresh case of early $100 MS Plats again (they are seldom seen any longer for reasons I will not go into here), it would cost nearly $1,000,000 for those (500) coins and I know from my research that the chance of finding a true "perfect" specimen is very, very remote. This is the analysis that is lacking in the article in my opinion.
So, in summary, I really liked the direction James was heading with this article. But, I think with a second draft, the better approach would be to educate the readers of the true scarcity of these bullion coins in top grade or 1950-1970 proof coins in top DCAM grades, etc., etc. Or, if the author truly believes these bullion gold or platinum coins (or 1950-1970 proofs) are common in top grade that is Ok as long as that position was backed up with facts supporting it. I guess, in summary, what I am suggesting is the "conundrum" was already solved for many of the coins suggested by the author to be "up in the air". The research has been performed and the top experts in these various modern sub-fields already know (with a high degree of accuracy) the true "winners" for condition rarity among them.
I wanted to set forth an honest review of the article. As I said before, I thought it was a very good first draft. I thought the article has the potential of being an important work in the area of moderns with a deeper analysis of the coins mentioned in the work and a effort to at least tackle portions of the "conumdrum". Thank you for sharing it with me James.
Wondercoin
PM sent. Thanks
I have completed positive sales and purchses from the following members:
jclovescoins, dpoole, dmarks, guysmiling, Ducky1100 , piecesofme, ericj96 ,Classof67, ModernCoin, MrOrganic, 53BKid, nychad10, GUINZO1975, derryb (3 times), PinkFloyd
...and thanks WC for your perspective