What's the one legit high priced modern coin that you can justify buying?

SethChandler · October 21, 2003 3:22AM

1940 Cent for 20k?
1963 Proof Cent for 40k?
Various high grade state quarter for 1k+
Others?

Seth

DHeath · October 21, 2003 3:28AM

There are perhaps half-dozen that I'd have interest in that reach 5-figures. Of course, I'd much rather stumble over one raw.

BTW - they weren't on your list.

How about one of the 12 Sacs struck in 24k, a 1965 SMS Dcam JFK in say MS68, a nice 64 SMS half, a 72-P Ike in the MS68 range,......etc. Hey, is a 32-D Washington in MS68 a modern?

Bubblehead · October 21, 2003 3:29AM

A 1995-W ASE

jeffnpcb · October 21, 2003 3:29AM

1995W SAE! That would finish a set quite nicely, but with 3 kids under 6, I may have to wait for Santa Claus to be nice to me this year! Could be the same year when pigs fly!

XpipedreamR · October 21, 2003 3:30AM

I would definitely spend a few grand on a 74 aluminum cent or 64 peace dollar!

mgoodm3 · October 21, 2003 3:30AM

1955 Doubled die cent.

cosmos66 · October 21, 2003 3:32AM

Evidently your idea of high end is way higher than mine! An 1889 Morgan CC in AU condition is about as high as I could ever go ... around $4000 according to the gray sheet.

keets · October 21, 2003 3:33AM

a legitimate DCAM Lincoln from any of the SMS years, so long as it's not carbon spotted or off-color. that's not much to ask for, is it??

al h.

trozau · October 21, 2003 3:44AM

291fifth · October 21, 2003 3:48AM

None of those on your list. The only moderns worthy of consideration are the commems because they rely more on type rarity than grade rarity. Paying big premiums for ultra-grade moderns just doesn't make any sense, period.

cladking · October 21, 2003 3:53AM

I may have a different perspective on this than the author of the thread.

A lot of the moderns are with the original "owner". They were found in circulation
or in rolls or sets. Even when they did change hands it was often at prices based
of face value or MS-65 bid. If you paid 25 cents for an '83-P quarter then the current
price of $20 wholesale certainly seems high. If you've looked for these for a couple
decades then the price certainly seems justified. Much the same can be said for all the
modern rarities whether already appreciated or not. This applies to the high grade
rarities in a sense also. After searching a few thousand rolls of 1971 Ikes, it seems
improbable anyone would think any price for an MS-67 is unjustified.

Sure there are some prices being paid for some moderns that leave even me scratching
my head, but I just figure if I have it to do again then I'll make some adjustments.

keets · October 21, 2003 3:53AM

hey Fifth

prepare for the shark attack!!!

al h.

Russ · October 21, 2003 3:54AM

Even though I collect moderns, there are actually none that I would pay sky-high money for - even if I could. It's not that I don't think some of the pricing is justified - high end deep cameo SMS coins, for example, deservedly command high prices.

I just believe that if I work hard enough and long enough at it, I'll be able to find the coins I need raw and submit them myself. It's also fun to do it that way.

Russ, NCNE

redcents · October 21, 2003 3:58AM

Doggonit! A 1969-S Double Die (or a 90 No-S in 69 DCAM) - Lincolns of course.

IrishMike · October 21, 2003 3:59AM

Once we can all reach a consensus on what a modern coin is, I will answer your question.

supercoin · October 21, 2003 4:02AM

Any coin that was extraordinary in some way... condition, color, or rarity... and most importantly, appealed to me.

That's my same criteria as for a classic coin. Why make a distinction for "modern" (whatever that is).

mgoodm3 · October 21, 2003 4:03AM

If you put a post '64 limit for moderns. I would personally only pay high prices for rare mint errors such as 69S lincoln doubled die.

291fifth · October 21, 2003 4:07AM

<< hey Fifth

prepare for the shark attack!!!

al h.

>>

Keets:

I always carry shark repellant with me...nice pre-modern coins that actually have value.

cladking · October 21, 2003 4:08AM

<< None of those on your list. The only moderns worthy of consideration are the commems because they rely more on type rarity than grade rarity. Paying big premiums for ultra-grade moderns just doesn't make any sense, period. >>

So apparently no one can buy or collect any coin made after whatever 291fifth's arbitrary
date is with the exception of commems. So what are we to do with the coins we've already
so thoughtlessly collected? Are we to spend out 1975 NMM dimes and our nice unc '83 quar-
ters? How about all those Ikes? The banks have been reported to call the police when some-
one tenders an Ike. Should these just be tossed in the landfills to be on the safe side? Are 1965
silver quarters OK to sell for bullion or should they to be buried for safety?

...And just what is this date after which we can not spend premiums for coins? Does it apply
to all coins or only US coins? Will this proclamation affect those saving states issues from cir-
culation or only those which sell at too great a premium?

How about the rarities in high grade? Do these get any latitude?

mnmcoin · October 21, 2003 4:10AM

Here is my list...

Any 36-42 Cameo Proof coins
1951, 1952, 1957, 1965-1967 DCAM Lincolns
1951, 1953, 1956 and 1957 DCAM Jeffersons
1951, 1952, 1953, 1954 and 1965-1967 DCAM Roosevelts
1950, 1951, 1952, 1965 and 1966 DCAM Washingtons
1950, 1952 and 1959 DCAM Franklins
1964 PR68DCAM or higher AH Kennedys

Plus 1949, 1953 and 1954 Lincoln in MS67RD
Post 1945 Jeffersons in MS67FS
1954 D, 1955 D and post 1958 Washingtons in MS67
Any Franklin in MS67FBL
1964 P or D Kennedy in MS68 or really any pre 1965 coins in MS68
Any sms coins in MS68CAM or higher (They really lack preservation in mirrored quality)

If I had infinite money to spend on "semi" moderns...that is what I would be after.

morris <><

mdwoods · October 21, 2003 4:10AM

PCGS MS69 Goodacre Sac. Only 5000 produced, very few are MS69.

cladking · October 21, 2003 4:12AM

<< 

...nice pre-modern coins that actually have value. >>

Perhaps this is set by supply and demand just as all prices for most everything.

Or maybe those 1804 dollars actually contain a couple million dollars worth of gold under all that silver.

relayer · October 21, 2003 6:55AM

All - because I can sell them to FanOfModerns so he'll be rich when they SKYROCKET in value

CalGold · October 21, 2003 7:00AM

1955 double die cent.
1964-D dollar (but dont' tell the Feds)
1974 aluminium cent (ditto re keeping it a secret)

CG

beorn · October 21, 2003 7:08AM

I would pay decent money for a 1971 s proof washington quarter in pr69dcam.Anyone out there have a spare one?

ClausUrch · October 21, 2003 7:12AM

1997 W Gold 5$ Mint State Jackie Robinson Commemorative.

dpoole · October 21, 2003 7:21AM

Now that they're in the Red Book, the 1998 and particularly the 1999 Lincoln MS Type IIs.

JoyofCollecting · October 21, 2003 7:54AM

Gosh,

I bought a six coin WWII comm. set and a six coin civil war set not long ago and felt kinda foolish paying what I did. That's probably about as far as I'll go with the modern craze.

Have fun with them though if that is what you enjoy!!!

foodude · October 21, 2003 8:15AM

In my case apparently a '53-S 65FBL Franklin

goose3 · October 21, 2003 8:21AM

I would have to say some of the obvious Errors/Varieties of the past 50 years such as the Lincoln Doubled Dies, the various proof No Mintmark coins, and some of the special limited issues such as the Matte Proof jefferson nickel/kennedy half. (2 true moderns I will admit that I own)

I wouldn't consider any coin that is only "rare" (Sorry Keets) because the plastic or some designation such as FB, FS, DCAM, etc...says so.

Baley · October 21, 2003 8:22AM

If I'm going to spend over a couple thousand dollars on a coin, it's going to be pre-1836.

even in the $500 to $1500 range I like it to be at least pre-1900.

For a coin minted after i was born, $25 tops.

Manorcourtman · October 21, 2003 10:01AM

1992D Close AM, soon to be called "Narrow AM" by NGC, Lincoln penny by the way. It is now official. Pics soon to follow ....

michael · October 21, 2003 3:10PM

1950 extra deep cameo gem proof franklin

michael

oldcameoproofsguy · October 21, 2003 3:28PM

The 69-S strong DDO Lincoln Cent is definitely worthy. I've been looking for a couple of years to find a nice certified example and I haven't seen one yet. I will score on one eventually!

TWQG · October 21, 2003 4:07PM

2000 Library of Congress Ringed Bimetallic MS $10

DeepCoin · October 21, 2003 9:57PM

I would add a 1945-P FB Merc if we are using coins from the 40's as part of this. Also a 1942/1 both P & D in Mint State

DCAMFranklin · October 21, 2003 11:30PM

1951 and 1959 DCAM Franklins.

CarlWohlforth · October 21, 2003 11:32PM

I am with Morris. I agree with all the coins on his list.

I would add the '50, '52, '58 and '65 Jefferson nickels in DCAM and any cameo coin from '36-42 (but are those modern enough for the question?)

pontiacinf · October 22, 2003 12:58AM

LIBERTY BY THE SEASHORE pattern trade dollar

woooooooooooooooohoooooooooooooooooooooo

cladking · October 22, 2003 2:25PM

<< If I'm going to spend over a couple thousand dollars on a coin, it's going to be pre-1836.

even in the $500 to $1500 range I like it to be at least pre-1900.

For a coin minted after i was born, $25 tops. >>

One of the greatest strenghts of modern coins is that a really nice set can easily be
assembled of most of the post 1964 regular issue coins for $25 or less per coin. In
fact if one were to shop around and look at rolls and mint sets he could put together
a mostly gem set for this kind of money. And since ultra high grade moderns are avail-
able raw, it is probable that he would even find one or two of these if he puts real ef-
fort into the set.

A circulated set of clad quarters with varieties would be nearly impossible to complete
because of several rarities but the TOTAL cost would be less than $25!!!! Some of the
tough coins are unavailable on the market in any grade so if you can't find them in cir-
culation then you have to keep looking.

If one attempted any of the pre 1836 sets for $25 per coin he would find most of the
coins unavailable or only possible with holes, bends, or extreme wear or corrosion at
this price.

MrEureka · October 22, 2003 2:41PM

The 1976 No "S" Silver Ikes.

Baley · October 22, 2003 2:45PM

Well, cladking, I'm not trying to talk anyone into anything. I just answered the question.

Sets of modern coins just don't do it for me. I'd rather have a single example of an old coin type.

but that's just me. I'm glad other people like modern, base metal coins; I don't need the competition for the older stuff.

enjoy your collection.

cladking · October 22, 2003 3:14PM

<< Well, cladking, I'm not trying to talk anyone into anything. >>

Nor am I, except perhaps to not try to talk others out of anything.

<< Sets of modern coins just don't do it for me. I'd rather have a single example of an old coin type. >>

The world would be a boring and sterile place if everyone agreed
on everything.

<< I'm glad other people like modern, base metal coins; >>

Not all moderns are base metal, not all classics are silver or gold.

...

<< I don't need the competition for the older stuff. >>

It's not so much I desire any competition as it is these coins de-
serve to be appreciated more in many cases. Some of these coins
would be more available if more people were seeking them.

<< enjoy your collection. >>

Thanks. All of them are a hoot and that is what it's all about.

braddick · October 22, 2003 3:33PM

Chalky white devices against jet black fields on a hairline free, spot free, haze free 1971-S Kennedy.

lincolnSence · October 22, 2003 4:21PM

Well I guess I would have to say (as long as at least 3 - 4 of you have already said it) that the Lincoln 1958 DDO and the 1969S DDO are worthy of this thread. But of course thats just my opinion.

ccex · October 22, 2003 6:12PM

<< If you put a post '64 limit for moderns. I would personally only pay high prices for rare mint errors such as 69S lincoln doubled die. >>

If 1965 is the earliest date for moderns, and if I had the resources of most posters here, I could justify the MS Jackie Robinson commem, the "no-S" proof errors, MS-69 Washington commem half dollar, MS-70 Leif Ericson dollar, and very few others.

Since I can't justify spending more than $500 on a single coin, and since most of the coins that excite me were minted before WWII, I would love to find something like a PCGS F-12 or less Special Olympics/Shriver commem: the ugliest example certified by the registry set promoters.

commoncents · October 22, 2003 8:06PM

How about a 1959-D Lincoln wheatback cent ?

eagle7 · October 22, 2003 8:32PM

A modern one ounce gold coin, not a proof. American Eagle Fifty.

cladking · October 23, 2003 1:08AM

Some of the moderns will have very low populations in the undergrades. Many times
all the coins will be very poor quality except for a single die which produced a small
number of very good quality coins. While I might not personally pay a great deal of
money for such a coin, there will be collectors in the future who know that if they don't
pay the price they will have to get a coin in a much lower grade. In the future these
prices will all be set by supply and demand and whatever the demand the price will
fluctuate so that the supply ends up with those to whom the coins are most valuable.
If one is unwilling to pay the price (in the future) then he will simply not own the coin.
Of course now if one wants these coins now, it is a simple matter of finding it raw. In
the future they will pretty much all come with price tags just like the classics.

LanLord · October 23, 2003 1:13AM

I am currently saving for a Jackie Robinson commem half eagle, Unc, in the original mint package.

Should have it in my hot little hand in about 5 days.

What's the one legit high priced modern coin that you can justify buying?

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