I have no doubt the market is weak. I have had wins and losses this year some - the blowout losses due to other projects, restructuring, getting rid of slow moving material, bad timing, etc.
I frankly think this is a bad time to sell but am skeptical when things will turnaround. The recent bullion drops are very disturbing.
<< <i>Grade-flation absolutely sucks....but it is still just opinions on the holder.....for those who have an eye for REAL grading and eye appeal nothing has changed but for those that only buy the holder they would be the ones who are in trouble.
this raw coin sold in the James A. Stack sale in jan 1990, it was described as " gem bu, exquisite pink and grey iridescent toning. A beautiful coin". This lot 113 sold for $25k+. I bought it in 2011 for $6500 unattributed to the sale, it resides in an old no line fatty ngc holder ms67. based on my research for the Medium O the finest known. But grading and prices will always be changing but your standards should be only getting better and you the wiser. I am very happy with this piece and based on the last big auctions I think this coin has probably appreciated accordingly but who cares I am not a flipper.
>>
A good example of a rare coin from 20-30 years ago that is worth much less than its peak price (a 74% decline). This coin is not alone either. 1989-1990 offers numerous instances of legitimately rare coins reaching their all time highs. What I found interesting is that just in the past week the 1871-cc dime (NGC SP65) from the same James Stack sale in Jan 1990 was being offered for $650K....a 14X increase over its 1990 auction appearance of $46K! So how could that 57-0 dime drop 74% while the 71-cc goes up 1300%? 'Dem the breaks. Fwiw the 1871-cc slipped through the cracks a bit in that sale and sold for MS64 to MS65 money. I don't think too many people were thinking "specimen" at that time. Superb gem type coins "ruled" in 1990 while rarer dates tended to languish behind them. The tables have been flipped.
<< <i>Deep coin, Cladking and any others interested... Check out the June, 2015 edition of Coinage magazine for a good (6) page story on the 50th Anniversary of Clad coins. A copy of the article will be on my website (to read) starting tomorrow night or you can buy a one year subscription on line to the magazine for about $1/month. I received permission to post the article on my site because I was interviewed for the story. Wondercoin. >>
I've been extremely interested in this article since you mentioned it in another thread. I strongly recommend CoinAge Magazine as one of the finest numismatic periodicals out there (if not The finest). But you saved me a drive to the coin shop.
<< <i>Deep coin, Cladking and any others interested... Check out the June, 2015 edition of Coinage magazine for a good (6) page story on the 50th Anniversary of Clad coins. A copy of the article will be on my website (to read) starting tomorrow night or you can buy a one year subscription on line to the magazine for about $1/month. I received permission to post the article on my site because I was interviewed for the story. Wondercoin. >>
Looking forward to reading it.
Have there been any books written specifically about clad coinage?
Need the following OBW rolls to complete my 46-64 Roosevelt roll set: 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!
For the Record, regarding Modern Bullion vs. Classics in "this market" -
I recently swapped some graded Modern Bullion with another forum member and both of us are looking at 4-figure wins vs. our tax basis that we have to treat as some large tax gains. Both series involved are two of the less popular Modern Bullion series.
To offset my big gain, I'm liquidating some Large Cents that PCGS didn't like, probably at a not-insignificant loss.
My Modern Bullion coins did very well for me. My Classic Large Cents (almost all of them - previously graded by top tier tpg), did not.
Either way, I don't think I could legitimately make a statement about the health of U.S. Coins as an Investment - one way or the other.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Deep coin, Cladking and any others interested... Check out the June, 2015 edition of Coinage magazine for a good (6) page story on the 50th Anniversary of Clad coins. A copy of the article will be on my website (to read) starting tomorrow night or you can buy a one year subscription on line to the magazine for about $1/month. I received permission to post the article on my site because I was interviewed for the story. Wondercoin. >>
Looking forward to reading it.
Have there been any books written specifically about clad coinage? >>
Ginger Rapsus wrote "The United States Clad Coinage" in '92. It's a little dated now but is an excellent book.
I read the op and the first thing I asked myself, was why would anyone want to pay anywhere near $1K for an MS-67 1964 quarter? Am I missing something?
<< <i>It always comes down to a simple fact; the number of modern collectors will continue growing for decades. >>
I don't know how this can be a simple fact, no one knows what the future brings.
Any number of events could drastically reduce the number of people interested in collecting coins.
Just one example: In a few decades from now most likely very few monetary transactions will be with coins or currency. People growing up without coins in their everyday life may not be interested in collecting them.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
<< <i>It always comes down to a simple fact; the number of modern collectors will continue growing for decades. >>
I don't know how this can be a simple fact, no one knows what the future brings.
Any number of events could drastically reduce the number of people interested in collecting coins.
Just one example: In a few decades from now most likely very few monetary transactions will be with coins or currency. People growing up without coins in their everyday life may not be interested in collecting them. >>
Of course nothing is set in stone (anymore), but there were tens of millions of children interested in states coins ten or fifteen years ago and these folks are young adults now and will be drifting back into the hobby for decades.
With so few modern collectors it's very difficult to imagine numbers not increasing.
It should also be noted that there is a booming middle class world wide and most countries have a younger populations than the US. They will also create demand for various coins in- cluding US issues.
For a free read of the 50 years of Clad article, just go to my website (www.wondercoins.com) and click on the Coinage link. I should have it on the site for at least a week or two with the permission of Coinage.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
The OP's example is foolhardy at best. How can you compare a ga-ga graded modern to a MS 64 or MS 65 absolute and/or condition rarity?? There is no comparison. I have been buying and selling for years and have mostly made money despite a couple of losing transactions. If nothing else, coins are a great storage house of ready funds. The PQ rarities will only increase in value and get TOUGHER to find nice IMO and there will always be interest in and demand for them. As for demographics----it has ALWAYS been a middle-aged to older man's game, even though I could name dozens of YNs that I currently know of. Remember, NOTHING is a 100% safe investment.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
How can you compare a ga-ga graded modern to a MS 64 or MS 65 absolute and/or condition rarity??
if you really want to have a meaningful discussion of what prices are doing it's probably best to eliminate both of the above examples as well as the top and bottom of things and focus on the middle.
<< <i>For a free read of the 50 years of Clad article, just go to my website (www.wondercoins.com) and click on the Coinage link. I should have it on the site for at least a week or two with the permission of Coinage.
Wondercoin >>
Kudos on the article.
Here's something John J Pittman once said";
"Nobody's paying attention to them," he told me in a conversation back in the early 1980s. "People don't bother saving them and dealers don't bother stocking them. Yet, these are U.S. coins as surely as silver dollars and double eagles. And, in years to come, hobbyists are bound to collect them." -Ed Reiter
Pittman said he had been setting these aside for many years but guess what wasn't for sale when his estate was distributed.
Everyone assumes there are vast quantities of all these around because they were made in large numbers but the high mintages, abysmal quality, and lack of any resale market actually assures there are far fewer of most of these than older coins. The low valuations aren't a reflection of large supply but of tiny demand. As proof the demand is tiny, there are legitimately scarce coins that list in the price guides for a few dollars! These are US coins and they are fast coming up on half a century old.
The Coin Act of 1965 was an historic event with ramifications that are still rippling through numismatics. It might take another half a century before all the effects can be seen. Most hobbyists are simply content to sit and pretend the law and the coins never happened. But time waits for nobody. Time may sometimes seem to move like nothing but a clock but it truly does bound and leap.
50 years is one gigantic leap to any coin collector who isn't even watching his pocket change.
<< <i>I read the op and the first thing I asked myself, was why would anyone want to pay anywhere near $1K for an MS-67 1964 quarter? Am I missing something?
This thread has me stewing on the OP's comments. First off, if you look at your collection as an investment first, you are bound to lose out on some really great coins. The great coins you should buy might look like as horrible investments compared to auction data or pricing guide. Great coins are not cheap and cheap coins are not great. Using auction data, CoinFacts, or eBay completed sales will give you number, but if a coin is really the one that fits your collection, does it really matter how its price measures up to those numbers?
As far as investment potential, sure the system is now rigged against us all. Using auction data of possibly overgraded coins to track the market will get you lower and lower prices, regardless of the grade or the series. How do we as collectors and dealers stop this? It used to be that prices were dictated by dealer buy offers (bids). No longer. Now, Coinfacts and Greysheet report on "the market" the easy way by using auction data to get their numbers. Auction data of increasingly overgraded coins.
The only way many see to combat the overgrading is to constantly upgrade their coins - send it to CAC, try and get a "+" of a full grade upgrade, crossover, etc. This adds to the overgrading problem! The rising pop number dilute the rarity and coins once graded MS65 are now MS66 and sell for more, but not as much as the older MS66 once brought.
I have no answers for this, except to say, buy what you like and don't be so tied to the price of the other coin.
EagleEye ... You hit the nail on the head. In many cases (not all cases, but many cases) the grading service(s) are only as good as their worst coin graded for the date/type. And, you are correct about the investment thing .... I NEVER collected my (never ending) near (500+) total coin set (1932-date Washington quarters) as a potential great investment. In the unlikely event it turns out that way, I would just consider myself very lucky. By buying GREAT coins for the grade the vast majority of the time, I likely increase my chances of that of course.
Cladking ... Yes, I believe Ed Reiter proofread and edited this young writer's article here in 2015 as well. And, what Pittman was saying in the 1980's, I was also doing (as you were). It was sure a lot easier in the year 1983 to screen (100) - (200) fresh mint sets from the 1970's and find some jewels in there. The sets were truly fresh - the dealers literally could have cared less about fresh sets back then. Today, a great portion of the available "fresh" mint sets are not so fresh at times (but there are still opportunities). Opportunities, because even today (50 years later), a significant percentage of dealers and collectors (just look at this thread) still ignore these clad coins. And, even those who simply rely on mintage figures to prove their point; they then ignore the same mintage figures when their beloved classic coins look bad by mintage comparison. For example, most here would have no idea that the business strike 'S' mint National Park quarters this year will have a little over HALF the mintage of an 1835 quarter (and cost 35 cents right now from the Mint). In fact, no MS Washington since 1932d/s have lower mintages than the 'S' mint business strike quarters of the past few years. Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins (just ask our resident classic coin collector Oreville how easy it is to find one of these) won't be highly collectible a few decades from now?
I don't take the time to write these posts because I am peddling these coins (as I know Cladking is not). I have not sold a Mint State clad quarter in years (decades) other than offering now and again dupes from my collection on my site (a handful or two coins in roughly ten years). I write these posts so the young numismatists do not miss an opportunity to "get in" on the ground level of an amazing numismatic opportunity in my opinion. Where else in numismatics today can a young numismatist potentially turn 35 cents and a grading fee into thousands and thousands of dollars?
As always, just my two cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i> Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins ... won't be highly collectible a few decades from now? >>
A few decades from now? Yikes
Well Caldking has been waiting for people to start wanting clad coins for 50 years, so I suppose waiting a mere 30 years more is not too much to ask for.
"Well Caldking has been waiting for people to start wanting clad coins for 50 years, so I suppose waiting a mere 30 years more is not too much to ask for."
CalGold ... Yes, he has. And, as I mentioned, the 35 cents plus grading fee has already translated into a thousand dollars or more in the first year for a number of these great super high grade moderns already (which are very, very difficult to uncover). In two or three decades, the potential is amazing for the coins that remain super low pop. Just look at the first year state quarters (from 1999) .. a board member slabbed the first Delaware State quarter in MS69 and sold it for "five figures" I believe to another board member, who has turned down a nice profit on the coin numerous times since then. While I did suggest the best might be yet to come in a few decades, I did not intend to imply that the coins remain 35 cents until that happens.
Just my 2 cents.
Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Looking at auction records captures and records collector bidding on a lot and what collectors were willing to pay at the time of the auction. It is just not that simple to look at an auction and then compare that to a later auction without an appreciation of the participants and venue. A broad and general statement that US coins are now losing investments and the example used is just not reflective of all of the sectors that are part of the US coin market.
The sky is not falling... at least not in Mr. Coinkat's Neighborhood.
Experience the World through Numismatics...it's more than you can imagine.
The modern Parks business strike quarters are so poor in quality that it is essentially impossible to find an MS-68 from the relatively small mintages of the US mint.
I went through bags and bags, rolls and rolls and while they look ok at a glance, a further study shows results of sloppy minting practices such as numerous bag marks, weak strikes, overused dies, etc, etc. They mostly grade out at MS-63/64, at best.
This is a glaring exception to the moderns being a cinch to easily and eventually find high grade business strike super gems.
<< <i>In early 2010, there were no more than 19 MS-67, 1964-P Washington Quarters with none better and the price was $4,500.
One 1964 Quarter was $4500? Has anyone ever actually paid $4500 for any 1964 Quarter? >>
Don't know about private sales but take a look at PCGS auction prices realized. It shows four auctions for ms67's over $4500, highest being $7188. Granted, I didn't dig to see if any are dupes.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
<< <i> Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins ... won't be highly collectible a few decades from now? >>
A few decades from now? Yikes
Well Caldking has been waiting for people to start wanting clad coins for 50 years, so I suppose waiting a mere 30 years more is not too much to ask for. >>
No. Just 30 years.
At first I was just saving a few nice specimens from circulation and anything that looked odd. Then in 1972 I heard that the mint and FED had adopted FIFO acount- ting and they were required toi rotate their coin stocks. This meant ALL the coins in circulation were going to start wearing out evenly so I started setting asaide BU's. It wasn't until 1974 that I discovered mint sets and started looking at them to find Gems. By this time my biggest fear was that these would get popular so I was very discrete looking through bags and sets. It wasn't until 1986 that I started "promoting" clads.
If I'm not around long enough to see these coins take off it isn't really that important since it's really been a hoot. Having almost an entire segment of coins almost all to yourself is a lot of fun and meeting so many people in the virtual world and the con- crete world has been fun. Coin collecting is interesting because there are so many aspects of it and so many things that draws people to it. It's easier as a coin collector to see things from other peoples' perspective, I believe.
It's all eye opening and I learn something new every day.
" << Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins ... won't be highly collectible a few decades from now? >>"
By the way, the word "ever" should have read "even"
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Comments
I frankly think this is a bad time to sell but am skeptical when things will turnaround. The recent bullion drops are very disturbing.
<< <i>Grade-flation absolutely sucks....but it is still just opinions on the holder.....for those who have an eye for REAL grading and eye appeal nothing has changed but for those that only buy the holder they would be the ones who are in trouble.
this raw coin sold in the James A. Stack sale in jan 1990, it was described as " gem bu, exquisite pink and grey iridescent toning. A beautiful coin". This lot 113 sold for $25k+. I bought it in 2011 for $6500 unattributed to the sale, it resides in an old no line fatty ngc holder ms67. based on my research for the Medium O the finest known. But grading and prices will always be changing but your standards should be only getting better and you the wiser. I am very happy with this piece and based on the last big auctions I think this coin has probably appreciated accordingly but who cares I am not a flipper
A good example of a rare coin from 20-30 years ago that is worth much less than its peak price (a 74% decline). This coin is not alone either. 1989-1990 offers numerous instances of legitimately rare coins reaching their all time highs. What I found interesting is that just in the past week the 1871-cc dime (NGC SP65) from the same James Stack sale in Jan 1990 was being offered for $650K....a 14X increase over its 1990 auction appearance of $46K! So how could that 57-0 dime drop 74% while the 71-cc goes up 1300%? 'Dem the breaks. Fwiw the 1871-cc slipped through the cracks a bit in that sale and sold for MS64 to MS65 money. I don't think too many people were thinking "specimen" at that time. Superb gem type coins "ruled" in 1990 while rarer dates tended to languish behind them. The tables have been flipped.
<< <i>Deep coin, Cladking and any others interested... Check out the June, 2015 edition of Coinage magazine for a good (6) page story on the 50th Anniversary of Clad coins. A copy of the article will be on my website (to read) starting tomorrow night or you can buy a one year subscription on line to the magazine for about $1/month. I received permission to post the article on my site because I was interviewed for the story. Wondercoin. >>
I've been extremely interested in this article since you mentioned it in
another thread. I strongly recommend CoinAge Magazine as one of the
finest numismatic periodicals out there (if not The finest). But you saved
me a drive to the coin shop.
<< <i>Deep coin, Cladking and any others interested... Check out the June, 2015 edition of Coinage magazine for a good (6) page story on the 50th Anniversary of Clad coins. A copy of the article will be on my website (to read) starting tomorrow night or you can buy a one year subscription on line to the magazine for about $1/month. I received permission to post the article on my site because I was interviewed for the story. Wondercoin. >>
Looking forward to reading it.
Have there been any books written specifically about clad coinage?
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!
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I recently swapped some graded Modern Bullion with another forum member and both of us are looking at 4-figure wins vs. our tax basis that we have to treat as some large tax gains. Both series involved are two of the less popular Modern Bullion series.
To offset my big gain, I'm liquidating some Large Cents that PCGS didn't like, probably at a not-insignificant loss.
My Modern Bullion coins did very well for me. My Classic Large Cents (almost all of them - previously graded by top tier tpg), did not.
Either way, I don't think I could legitimately make a statement about the health of U.S. Coins as an Investment - one way or the other.
I knew it would happen.
<< <i>
<< <i>Deep coin, Cladking and any others interested... Check out the June, 2015 edition of Coinage magazine for a good (6) page story on the 50th Anniversary of Clad coins. A copy of the article will be on my website (to read) starting tomorrow night or you can buy a one year subscription on line to the magazine for about $1/month. I received permission to post the article on my site because I was interviewed for the story. Wondercoin. >>
Looking forward to reading it.
Have there been any books written specifically about clad coinage? >>
Ginger Rapsus wrote "The United States Clad Coinage" in '92. It's a little dated now but is an excellent book.
'dude
<< <i>It always comes down to a simple fact; the number of modern collectors will
continue growing for decades. >>
I don't know how this can be a simple fact, no one knows what the future brings.
Any number of events could drastically reduce the number of people interested in collecting coins.
Just one example: In a few decades from now most likely very few monetary transactions will be with coins or currency. People growing up without coins in their everyday life may not be interested in collecting them.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
Go purchase five p63 $10 libs or Indians for that $4500
Or
Nine p63 2.5 libs preferably pre 1900.
You'll be fine in a year or two.
<< <i>
<< <i>It always comes down to a simple fact; the number of modern collectors will
continue growing for decades. >>
I don't know how this can be a simple fact, no one knows what the future brings.
Any number of events could drastically reduce the number of people interested in collecting coins.
Just one example: In a few decades from now most likely very few monetary transactions will be with coins or currency. People growing up without coins in their everyday life may not be interested in collecting them. >>
Of course nothing is set in stone (anymore), but there were tens of millions of children
interested in states coins ten or fifteen years ago and these folks are young adults now
and will be drifting back into the hobby for decades.
With so few modern collectors it's very difficult to imagine numbers not increasing.
It should also be noted that there is a booming middle class world wide and most countries
have a younger populations than the US. They will also create demand for various coins in-
cluding US issues.
Wondercoin
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
if you really want to have a meaningful discussion of what prices are doing it's probably best to eliminate both of the above examples as well as the top and bottom of things and focus on the middle.
<< <i>For a free read of the 50 years of Clad article, just go to my website (www.wondercoins.com) and click on the Coinage link. I should have it on the site for at least a week or two with the permission of Coinage.
Wondercoin >>
Kudos on the article.
Here's something John J Pittman once said";
"Nobody's paying attention to them," he told me in a conversation back in the early 1980s. "People don't bother saving them and dealers don't bother stocking them. Yet, these are U.S. coins as surely as silver dollars and double eagles. And, in years to come, hobbyists are bound to collect them." -Ed Reiter
Link
Pittman said he had been setting these aside for many years but guess what wasn't
for sale when his estate was distributed.
Everyone assumes there are vast quantities of all these around because they were
made in large numbers but the high mintages, abysmal quality, and lack of any resale
market actually assures there are far fewer of most of these than older coins. The low
valuations aren't a reflection of large supply but of tiny demand. As proof the demand
is tiny, there are legitimately scarce coins that list in the price guides for a few dollars!
These are US coins and they are fast coming up on half a century old.
The Coin Act of 1965 was an historic event with ramifications that are still rippling through
numismatics. It might take another half a century before all the effects can be seen. Most
hobbyists are simply content to sit and pretend the law and the coins never happened. But
time waits for nobody. Time may sometimes seem to move like nothing but a clock but it
truly does bound and leap.
50 years is one gigantic leap to any coin collector who isn't even watching his pocket change.
<< <i>I read the op and the first thing I asked myself, was why would anyone want to pay anywhere near $1K for an MS-67 1964 quarter? Am I missing something?
'dude >>
Nope, nothing missed.
Latin American Collection
collectors have historically judged availability by the numbers issued in various publications and are often wrong.
As far as investment potential, sure the system is now rigged against us all. Using auction data of possibly overgraded coins to track the market will get you lower and lower prices, regardless of the grade or the series. How do we as collectors and dealers stop this? It used to be that prices were dictated by dealer buy offers (bids). No longer. Now, Coinfacts and Greysheet report on "the market" the easy way by using auction data to get their numbers. Auction data of increasingly overgraded coins.
The only way many see to combat the overgrading is to constantly upgrade their coins - send it to CAC, try and get a "+" of a full grade upgrade, crossover, etc. This adds to the overgrading problem! The rising pop number dilute the rarity and coins once graded MS65 are now MS66 and sell for more, but not as much as the older MS66 once brought.
I have no answers for this, except to say, buy what you like and don't be so tied to the price of the other coin.
Cladking ... Yes, I believe Ed Reiter proofread and edited this young writer's article here in 2015 as well. And, what Pittman was saying in the 1980's, I was also doing (as you were). It was sure a lot easier in the year 1983 to screen (100) - (200) fresh mint sets from the 1970's and find some jewels in there. The sets were truly fresh - the dealers literally could have cared less about fresh sets back then. Today, a great portion of the available "fresh" mint sets are not so fresh at times (but there are still opportunities). Opportunities, because even today (50 years later), a significant percentage of dealers and collectors (just look at this thread) still ignore these clad coins. And, even those who simply rely on mintage figures to prove their point; they then ignore the same mintage figures when their beloved classic coins look bad by mintage comparison. For example, most here would have no idea that the business strike 'S' mint National Park quarters this year will have a little over HALF the mintage of an 1835 quarter (and cost 35 cents right now from the Mint). In fact, no MS Washington since 1932d/s have lower mintages than the 'S' mint business strike quarters of the past few years. Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins (just ask our resident classic coin collector Oreville how easy it is to find one of these) won't be highly collectible a few decades from now?
I don't take the time to write these posts because I am peddling these coins (as I know Cladking is not). I have not sold a Mint State clad quarter in years (decades) other than offering now and again dupes from my collection on my site (a handful or two coins in roughly ten years). I write these posts so the young numismatists do not miss an opportunity to "get in" on the ground level of an amazing numismatic opportunity in my opinion. Where else in numismatics today can a young numismatist potentially turn 35 cents and a grading fee into thousands and thousands of dollars?
As always, just my two cents.
Wondercoin
<< <i> Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins ... won't be highly collectible a few decades from now? >>
A few decades from now? Yikes
Well Caldking has been waiting for people to start wanting clad coins for 50 years, so I suppose waiting a mere 30 years more is not too much to ask for.
CG
CalGold ... Yes, he has. And, as I mentioned, the 35 cents plus grading fee has already translated into a thousand dollars or more in the first year for a number of these great super high grade moderns already (which are very, very difficult to uncover). In two or three decades, the potential is amazing for the coins that remain super low pop. Just look at the first year state quarters (from 1999) .. a board member slabbed the first Delaware State quarter in MS69 and sold it for "five figures" I believe to another board member, who has turned down a nice profit on the coin numerous times since then. While I did suggest the best might be yet to come in a few decades, I did not intend to imply that the coins remain 35 cents until that happens.
Just my 2 cents.
Wondercoin.
<< <i>Roger the reason that 1964-P pcgs ms 67 coin has not sold is not the price it's the fact it is the ugliest coin ever look at close up yuck:
Link >>
The reverse is pretty.
The sky is not falling... at least not in Mr. Coinkat's Neighborhood.
Experience the World through Numismatics...it's more than you can imagine.
<< <i>Just ask our resident classic collector Oreville..... >>
Oh my, wondercoin nailed it.
The modern Parks business strike quarters are so poor in quality that it is essentially impossible to find an MS-68 from the relatively small mintages of the US mint.
I went through bags and bags, rolls and rolls and while they look ok at a glance, a further study shows results of sloppy minting practices such as numerous bag marks, weak strikes, overused dies, etc, etc. They mostly grade out at MS-63/64, at best.
This is a glaring exception to the moderns being a cinch to easily and eventually find high grade business strike super gems.
I wonder if people will fall all over themselves to buy the only 66 that gets graded?
siliconvalleycoins.com
Lots of experienced and first hand input. Invaluable.
I think the intent was to discuss the impact of plus grading within the top tier coins.
I don't have anything to add that would be relevant.
Actually surprised with the number of rude and slashing comments scattered throughout.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
One 1964 Quarter was $4500? Has anyone ever actually paid $4500 for any 1964 Quarter?
Whoever is careless with the truth in small matters cannot be trusted with important matters.
<< <i>In early 2010, there were no more than 19 MS-67, 1964-P Washington Quarters with none better and the price was $4,500.
One 1964 Quarter was $4500? Has anyone ever actually paid $4500 for any 1964 Quarter?
Don't know about private sales but take a look at PCGS auction prices realized. It shows four auctions for ms67's over $4500, highest being $7188.
Granted, I didn't dig to see if any are dupes.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
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<< <i> Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins ... won't be highly collectible a few decades from now? >>
A few decades from now? Yikes
Well Caldking has been waiting for people to start wanting clad coins for 50 years, so I suppose waiting a mere 30 years more is not too much to ask for.
>>
No. Just 30 years.
At first I was just saving a few nice specimens from circulation and anything that
looked odd. Then in 1972 I heard that the mint and FED had adopted FIFO acount-
ting and they were required toi rotate their coin stocks. This meant ALL the coins
in circulation were going to start wearing out evenly so I started setting asaide BU's.
It wasn't until 1974 that I discovered mint sets and started looking at them to find
Gems. By this time my biggest fear was that these would get popular so I was very
discrete looking through bags and sets. It wasn't until 1986 that I started "promoting"
clads.
If I'm not around long enough to see these coins take off it isn't really that important
since it's really been a hoot. Having almost an entire segment of coins almost all to
yourself is a lot of fun and meeting so many people in the virtual world and the con-
crete world has been fun. Coin collecting is interesting because there are so many
aspects of it and so many things that draws people to it. It's easier as a coin collector
to see things from other peoples' perspective, I believe.
It's all eye opening and I learn something new every day.
<< Is there ever a small chance that the incredibly elusive top pop MS68 specimens of these coins ... won't be highly collectible a few decades from now? >>"
By the way, the word "ever" should have read "even"
Wondercoin