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What factors influenced you to move to moderns.

Cougar1978Cougar1978 Posts: 8,724 ✭✭✭✭✭
What were the major influencing factors which caused you to move from Classic US Coins (or mostly Classic Coins) to Modern US Coins? Do you have a cutoff or base year / series?

If your contemplating such a move (liquidating Classic US Coins and keeping or buying more modern US Coins) what is pushing you? I know what is pushing me but wonder what pushed you and how it worked out for you.

Coins & Currency

Comments

  • I decided to use a 5$ bill and received some coupled with a meal in exchange. I collected it until my seat cushion stole it from me being it is the true collector of these in the family. Over the years it has amassed quite the hoard although it's frienenemy (the carwash vacuum) has been known to cut into its holdings.
  • DHeathDHeath Posts: 8,472 ✭✭✭
    I prefer to collect coins rather than buy them from the heirs of a previous generation of collectors who were smart enough to collect for themselves (smile). My interest is primarily 20th century coins through the end of the Ikes. The great thing about this hobby is that it isn't a religion. I don't have to convince anyone.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • rheddenrhedden Posts: 6,631 ✭✭✭✭✭
    When Bust halves and early copper got too expensive, I had to start collecting Seated and Barbers.
  • C0INB0YC0INB0Y Posts: 627 ✭✭
    Whelp, just speaking to one segment of Moderns:

    The fun & flipability of certain US Mint Products due to the incompetence of Senior US Mint Executives (who think they are real clever at selling things) has always inspired me.

    As long as these Government Employees pretend they are running a *real* business (that must make a profit to survive), great opportunities abound to make buying and selling certain Mint-sourced Modern Coins, lots of fun...
    I was ‘COINB0Y' with 4812 posts and ‘Expert Collector’ ranking (Joined in 2006).
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    If I ever decide to sell my early federal coins I will probably collect paper notes. The most recent from the Bureau of Engraving and Printing.
    Lance.
  • cladkingcladking Posts: 28,704 ✭✭✭✭✭
    Up until 1972 I was always seeing brand new rolls of coins all the way back to 1965
    showiing up at the bank. Then in 1972 I read an article in the Chicago Tribune that
    said the mint and FED were adopting FIFO accounting and would rotate the coins in
    storage the longest first; First In, First Out. It stood to reason that all the coins would
    begin to wear out evenly and I thought that setting aside coins would soon be highly
    profitable.

    Go figure. More than forty years later and people still don't much like moderns.
    Tempus fugit.
  • wondercoinwondercoin Posts: 16,991 ✭✭✭✭✭
    "Go figure. More than forty years later and people still don't much like moderns."

    CK - Not true. If I could only tell you in person over a few craft beers the "closet modern lovers" that are really out there!!

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • I collect moderns just because they exist. I do have my favorites though.
  • oih82w8oih82w8 Posts: 12,518 ✭✭✭✭✭
    Only if they are PCGS recognized attributable Varieties.
    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • BryceMBryceM Posts: 11,850 ✭✭✭✭✭
    Move to moderns? Nah. Not likely anytime soon.

    ..... but I do collect a few as part of a 20th Century Type set and as part of a US Design set. They're OK. Some are quite beautiful. It's likely that many have enormous upside potential. My biggest issue with most of them is the change away from Liberty to the depiction of dead politicians.

    It's a little funny that many collectors aren't comfortable with what they view as an immature area of the market while, at the same time, the majority of US citizens were born well after silver made its exit from the scene.
  • Cougar1978Cougar1978 Posts: 8,724 ✭✭✭✭✭
    A number of dealers have moved to moderns so I am looking for the factors influencing investors or dealers to move to moderns.

    For me it is:
    * Affordability
    * New Issues / Profit Opportunities
    * Fits my investment philosophy of gold and silver coins
    * Fun to slab mod issues that justify the slab fee
    * Tired of the declining bids on many classics
    * Many major dealers have moved to this area
    * Not a fan of really big ticket coins
    * Look good with my World Currency Inventory
    * Many fantastic world modern silver and gold issues
    * Tired of owning a lot of the same classic coins over and over.
    * Market very slow, declining for current Classic Inventory, considering blowout to mods / currency
    * Fewer quality issues
    Coins & Currency
  • jayPemjayPem Posts: 4,082 ✭✭✭✭✭


    << <i>I decided to used a 5$ bill and recieved some coupled with a meal in exchange. I collected it until my seat cushion stole it from me being it is the true collector of these in the family. Over the years it has amassed quite the hoard although it's frienenemy (the carwash vacuum) has been known to cut into its holdings. >>



    image not even sure why I opened this thread... (laughing guy !)
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    I collect moderns via proof sets for my type set. I have a proof set from my birth year to date.
    I also have a modern commemorative 50c, $1, $5, $10 proofs and a UHR.

    Even though I only need one example, I have all the SHQ's, Sacs, Pres $1 and current circulating coins in my proof sets, though I have to admit I've only looked at them once.

    I think the SHQ's were a good idea since they circulate and today's YN can build a set from change like Lincoln Cents from the old days, though I don't know how popular that is.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I collected proof and mint sets for many years, along with ASE's and AGE's....stopped buying the sets about 8 years ago... and stopped buying ASE's when they skipped a year... I did buy some Sacs first year of issue, all mints. Now I am back to anything that gets my attention....favorably that is...image Cheers, RickO

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