What segment of US numismatics has the brightest future?
291fifth
Posts: 24,587 ✭✭✭✭✭
Why do you think so?
All glory is fleeting.
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Collectors in 25 years will hearken back to the coins of their youth, just
as those in the American coin-collecting boom of the late 1850s looked
back at copper large cents with nostalgia.
Modern Bullion coins don't have 50 years' worth of dealer commissions built into the pricing. They are attractive and well-made. There will be attrition with Modern Bullion, just like there always has been with every other new issue, in addition to an occasional "great coin melt" every 30 years or so. Modern Bullion coins have a floor built into their price structure by virtue of being made of precious metals. As an investment, the potential is two-pronged, both numismatic and spot market related (which also acts as a buffer). Having been made now for 28 years, Modern Bullion has a large collector base and an active market.
Finally, if you're going to buy bullion anyway, what could be better than an ongoing series of collectible legal tender made of precious metal?
I knew it would happen.
U.S. Mint medals with military themes (e.g., War of 1812 medals)
Middle and late date large cents
Modern halves and dollars
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>Whichever one I'm not involved in prior to the runup. >>
<< <i>"Moderns," if such a segment can be lumped into one broad category.
Collectors in 25 years will hearken back to the coins of their youth, just
as those in the American coin-collecting boom of the late 1850s looked
back at copper large cents with nostalgia. >>
The only flaw in your analogy is that you assume collectors in 25 years used
change in their distant past. I can say with some confidence that most teenagers
and young adults could care less about change. Some of my friends literally throw
away their change.
U.S. Type Set
Yes, they are as common as dirt but high grade examples are as rare as a truthful Politician.
Go to the bank and find me a 1966 Washington Quarter that'll grade MS64.
Well, that's not a fair request but I might be interested in a roll (put together or not) of Uncirculated 1965-1967 Washingtons that are NOT SMS Coins.
Are there even any out there?
At some point in time, folks will take their heads out of their bullion butts and realize that "Coin Collecting" goes way beyond a coins metal content and when tat day comes, if it ever does, then Moderns will have a fighting chance.
The name is LEE!
It's the only area that has intrinsic value. The rest depends on demand, which can be a fickle thing, especially in a changing world.
I hope I'm wrong, but I think classic coins will only do historically well at the very top, where demand seems to be consistent.
<< <i>Bullion.
It's the only area that has intrinsic value. The rest depends on demand, which can be a fickle thing, especially in a changing world.
I hope I'm wrong, but I think classic coins will only do historically well at the very top, where demand seems to be consistent. >>
Unfortunately, I think you are probably right. I see the market for "ordinary" coins continuing in a slow downward spiral. I'm not even sure that the very top of the market is safe. Are the billionaire trophy hunters of the future really going to interested in coins? The chances are they will be the types of folks who rarely use anything but plastic. Coins may not mean anything to them.
Especially ones that are close to the top population.
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
<< <i>Over the next 18-24 months, High End Morgan VAMs will be bringing moon money.
Especially ones that are close to the top population. >>
But isn't this true if every Top Pop Variety?
The name is LEE!
<< <i>
<< <i>Bullion.
It's the only area that has intrinsic value. The rest depends on demand, which can be a fickle thing, especially in a changing world.
I hope I'm wrong, but I think classic coins will only do historically well at the very top, where demand seems to be consistent. >>
Unfortunately, I think you are probably right. I see the market for "ordinary" coins continuing in a slow downward spiral. I'm not even sure that the very top of the market is safe. Are the billionaire trophy hunters of the future really going to interested in coins? The chances are they will be the types of folks who rarely use anything but plastic. Coins may not mean anything to them. >>
Eventually, society may get so entwined with "cashless" money that all tangible forms of money will be sought after as an alternative to electronic credits.
I've already noticed that fewer people are coming into coin collecting by the traditional means of finding and saving coins from circulation.
But I see a new breed of collectors emerging from the ranks of the bullion "stackers" who are looking at (and getting into) the historical aspects of coins and money by collecting numismatic pieces.
Lucite is making a comeback.
Pleasing design, historic, and no dead presidents on them ! ! !
Edited to add: This is not a series that I collect other than buying the yearly Proof & Mint Sets that include them . . .
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!