What factors influenced you to move to moderns.

Cougar1978 · January 27, 2015 10:27AM

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.

crypto79 · January 27, 2015 11:15AM

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.

DHeath · January 27, 2015 11:26AM

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.

rhedden · January 27, 2015 11:31AM

When Bust halves and early copper got too expensive, I had to start collecting Seated and Barbers.

C0INB0Y · January 27, 2015 11:31AM

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...

lkeigwin · January 27, 2015 11:54AM

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.

cladking · January 27, 2015 12:00PM

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.

wondercoin · January 27, 2015 12:11PM

"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

ProofArtworkonCircs · January 27, 2015 12:38PM

I collect moderns just because they exist. I do have my favorites though.

oih82w8 · January 27, 2015 12:46PM

Only if they are PCGS recognized attributable Varieties.

BryceM · January 27, 2015 1:25PM

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.

Cougar1978 · January 27, 2015 2:12PM

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

jayPem · January 27, 2015 2:30PM

<< <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. >>

not even sure why I opened this thread... (laughing guy !)

TopographicOceans · January 27, 2015 4:27PM

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.

ricko · January 28, 2015 1:19AM

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...

Cheers, RickO

What factors influenced you to move to moderns.

Comments

Leave a Comment