Obviously you are really saying that the only reason to collect moderns is to have a registry.
...And that moderns have no value outside of the registry sets. That it's the ridiculous competition spurred by the grading company's marketing tool that gives this crap any price whatsoever. -That all moderns are mere poc- ket change whether they have nose hair or full genetalia. -That there is no reason for reasonable people to care whether any of these is common or rare and that it's best to be above such considerations and to steer newbies in any other direction even if it means they have to collect unhinged stamps.
It means that you think anyone with later coins or reference material for them should be rounded up and sent to gulags where they are starved and worked until they are broken and worn. -That there children should be sterilized just in case collecting this crap is hereditary. And most of all it means that you think these coins should be destroyed before any other fools get the idea to look at them.
It's surprising you can get so much venom in so few words.
This doesn't just apply to moderns, in early commems it is happening to at least Booker T's and Carvers(maybe considered moderns) and also high grade generic gold. I am kind of shying away from the newest wave of pcgs holders--------------------BigE
The registry is a funny thing. It's not an inducement to collect coins that are uninteresting to the collector. I think that lack of interest is reflected perfectly in the $5 Indian series. There are a total of 11 sets registered, and right now a $3000 investment in 9 AU coins would move you to the top five. Anybody feel like investing $20,000? You can become the second current complete set, provided you're willing to buy XF material. I wonder why the registry hasn't driven that series. Maybe next year. They sure seem to fetch a pretty penny in MS65-MS66.
Developing theory is what we are meant to do as academic researchers and it sets us apart from practitioners and consultants. Gregor
Great set. I think the concept that seems so alien to some is that you have to collect what interests you, and the registry hasn't changed that. A collector with enough savvy to find the PCGS forums, understand the registry, and register a set, must surely be smart enough to know how to read the registry and pick a spot in which to make a mark if that's their motivation. Frankly, moderns would be the least likely place to get your name in lights. The competition is fierce, and getting in the top ten would require a lot more money than doing so in other places. The argument is a straw man, as is the generalization about exploding pops. Most of the modern pops will climb and their values erode, but not all. There will always be a few coins that are exceptional and many that are not in all series. Many of the Indians have small mintages. There's more to it than that. The collectors who don't specialize in moderns choose not to acknowledge that, as it doesn't get as much ink.
Developing theory is what we are meant to do as academic researchers and it sets us apart from practitioners and consultants. Gregor
Neither would I. I look for threshold coin grades. The grade and price which is just below the spot where prices go up by geometric proportions.
Michael, in a down market thats a good strategy. As a matter of curiosity, how would that strategy have worked out over the last 10 years on coins like the 93-S anything, or the CC Morgans, or Early Dollars in the money grade?
Developing theory is what we are meant to do as academic researchers and it sets us apart from practitioners and consultants. Gregor
Obviously.............It's surprising you can get so much venom in so few words.
That's a little over-the-top.
I do find it interesting that the regular defenders of the modern coins are the ones who search raw coins and "make" them, not buy them already holdered. We have not, to my knowledge, heard from the group who has purchased one of these coins:
1967 MS 68 Dcam - $6500 pop 6 1964 AH PR68 Dcam - $6800 pop 8 1965 MS67 Dcam - $7500 pop 8 1966 MS68 Dcam - $11500 pop 4
already holdered. I would like to learn their perspective, especially what role the registry has in their decision to purchase a 1968 DCAM Kennnedy 50c MS-68.
I don't have to read any articles to know that the moderns are going to take some heavy hit as the pops inevitably go up. Much more so with recent mintages.
Today's mighty oak is just yesterday's nut that held its ground.
We have not, to my knowledge, heard from the group who has purchased one of these coins:
Maybe Bear will join the thread. Until recently he owned a set that included a 66 MS68 Dcam. He purchased the coins holdered to the best of my knowledge. When his interests changed, Goldberg auctioned the set. Maybe he can provide a perspective you won't think prejudiced, though it likely won't change any minds.
BTW - Robert, you never did comment on why the registry hadn't made the $5 Indians go wild. I'd love to hear your thoughts, since you likely understand gold better than I do.
Developing theory is what we are meant to do as academic researchers and it sets us apart from practitioners and consultants. Gregor
That is why I only collect the low mintage ones.....It is a given from the onstart as to the number minted...so why spend your money foolishly when you can just buy the low mintage and cut the fat...I have many modern sets so I don't worry about it from day to day...I just maintain when the new year coins come out and I just keep adding...but when I find a coin to be of low mintage I just buy another one....None of my sets are graded...and even if I sent them in the TGS would not give me more than a 69 anyway so why bother...the grading of moderns is nothing but a money game and it only profits a select group.
Lot of cons for moderns but not many for pros on this thread. I am a modern collector and collect them because they appeal to me. You collect what you like not what is always popular. Try getting a 1995 Gold Proof Raw set in OGP for less than $4000 or a 1997 Jackie Robinson PF 70 PCGS for less than $2500.
<< <i>I do find it interesting that the regular defenders of the modern coins are the ones who search raw coins and "make" them, not buy them already holdered. We have not, to my knowledge, heard from the group who has purchased one of these coins:
1967 MS 68 Dcam - $6500 pop 6 1964 AH PR68 Dcam - $6800 pop 8 1965 MS67 Dcam - $7500 pop 8 1966 MS68 Dcam - $11500 pop 4 >>
I can tell you that the collector who bought Don's 1966 MS68DCAM SMS Kennedy had no trouble selling it at a profit about 18 months later when his interests changed and he sold his set. In point of fact, he owned all the coins on that list and didn't lose money on any of them.
<< <i>Lot of cons for moderns but not many for pros on this thread. I am a modern collector and collect them because they appeal to me. You collect what you like not what is always popular. Try getting a 1995 Gold Proof Raw set in OGP for less than $4000 or a 1997 Jackie Robinson PF 70 PCGS for less than $2500. >>
I've never really said what I see as the pros of collecting moderns. It's important to maintain at least a little credibility and this might be lost if I said what I really believe.
These coins are a hoot and they will be collected by a growing base so long as the hobby is to survive. The rarities in circulation will all be snap- ped up over the next few years and the nature of these markets will be stood on their heads. The spectacular gains to date have been the re- sult of a very small demand and will be dwarfed as these markets become mainstream.
Thanks Russ. What Robert doesn't realize is that the prices I used in my quote are prices realized at auction. These coins were not forced on anyone, and they haven't gotten any cheaper. I doubt very few collectors will respond to this thread simply to justify their purchases to people who think they're stupid, but we'll see.
I still would love to hear from Robert how the registry craze has ignited $5 Indians.
Developing theory is what we are meant to do as academic researchers and it sets us apart from practitioners and consultants. Gregor
I still would love to hear from Robert how the registry craze has ignited $5 Indians.
I have no idea. I do not collect "modern" gold.
The series I collect have very little registry participation. In reality, there is no registry for what I collect most assiduously, despite multiple requests from me and others, both here and across the street.
These coins are a hoot and they will be collected by a growing base so long as the hobby is to survive. The rarities in circulation will all be snap- ped up over the next few years and the nature of these markets will be stood on their heads. The spectacular gains to date have been the re- sult of a very small demand and will be dwarfed as these markets become mainstream. >>
Oh please! How many states quarter collectors are going to be able to collect 10K and up modern rarities down the line. Besides the pops increasing also.
Oh please! How many states quarter collectors are going to be able to collect 10K and up modern rarities down the line. Besides the pops increasing also. >>
This is the next generation of collectors. If they can't afford $10,000 modern rarities then they can't afford $10,000 classic rarities either. Considering that the classic market is far larger than the modern market it would seem to be in everyone's best interest to encourage these folks.
Don't lose your perspective here. The average collector in twenty tears won't be spending $10,000 on any coins. The average collector will be seeking to complete collections. Beyond this there is little we can know about what spec- ific coins, grades and series will be popular.
<< <i>Oh please! How many states quarter collectors are going to be able to collect 10K and up modern rarities down the line. >>
How many who were sticking circulated wheaties in Whitmans 30 years ago now have six figure world class Lincoln collections? I can think of several. Many of today's "little" collectors will become tomorrow's "big" collectors.
<< <i>Besides the pops increasing also. >>
How much have the pops increased over the last few years for the $10K range modern rarities? If you can't think of the answer, feel free to go back and read this thread again.
How many who were sticking circulated wheaties in Whitmans 30 years ago now have six figure world class Lincoln collections? I can think of several. Many of today's "little" collectors will become tomorrow's "big" collectors.
I cannot argue with that. Very few enter numismatics by collecting bust dollars or Indian $5's. Look at JHF's testamonial on the Registry Forum. He started small and just purchased the finest 94-S dime. (For you modernistas, I am talking about the 1894-s Barber dime, the series before mercs, which came before roosies. ) I think that state quarters are the wheaties of this current generation.
Robert, I'm shocked. Your lack of interest in moderns didn't stop you from speculating about moderns and the registry earlier in this thread.
Good point. There are at least five pasionate Kennedy collectors who are very active on these boards that immediately come to mind. Unlike Kennedys and Wash quarters and the like, which I read about here everyday, I do not have the same opportunity to learn what is going on in the Indian $5 market. Does anybody here (other than Jplinka) collect Indian $5's as a series (and have a registry set)?
I have a 20lb bag of coins my in-laws found in circulation over the years. I went through the coins and found old crap. I collect modern crap graded PR70 DCAM or MS 67+ NGC/PCGS because someday someone will have a nice graded coin collection.
People should collect what they enjoy and spend what they want to get it.
Will a $5000 modern bring a better investment return than a $5000 classic 20-30 years from know. No one knows.
Myself..... I just have a hard time drooling over a 50 year old Jefferson Nickel that looks like the ones I have in my pocket even if I just spent $30,000 for it. Even with an extra step (I can only see under the 50x loupe) and surrounded by PCGS plastic, it just don't cut it for me..
<< <i>Do I dare.......well alright, here it goes......"I Agree" >>
Now you've done it.
While there's nothing wrong with not being enthralled with moderns or even hating them it should be remembered that there are also very good reasons to not like classic coins also. These coins have been collected almost to death. Many of them have slight or severe rubs from being studied and displayed for many decades. It can be difficult to say just where the line is between a rub and an AU coin. Many of them have surfaces that have been alterred and doctored many times. There's no way to go down to your corner drugstore or bank and get a few rolls of bust quarters or gold indians to look through. You can't go down to the local shop and ask to look through 1837 mint sets or 1890 proof sets to find some gems. You can't pick up rare Morgans in circulation.
Me, I like all coins and think everyone should collect what they want at whatever price they want. I don't have a hard time getting excited about a two hundred year old quarter or a fifty year old nickel. Rarity, beauty, importance, grade, and availability all excite me more than age. This is fortunate since I can't afford many of the more desirable classics anyway.
Me, I like all coins and think everyone should collect what they want at whatever price they want. I don't have a hard time getting excited about a two hundred year old quarter or a fifty year old nickel. Rarity, beauty, importance, grade, and availability all excite me more than age. This is fortunate since I can't afford many of the more desirable classics anyway.
Now, that's more like it, CK. You were scaring me a little with the "sterilizing the offspring of modern collector" bit yesterday.
A few years ago 20 amd 30s cars were in then they went to hot rods then muscle cars and 60s with matching numbers. Now custom cars with any big engine is hot. When looking forward anything can change. Look at gold and silver in the 80s. If you collect what you enjoy the future price won't matter as you can't take them with you. As people get older are they going to spend their free time collecting coins or are they going to sell their collections to have enough money to live on? This goes for real estate and stocks also.
<< <i>Do I dare.......well alright, here it goes......"I Agree" >>
Now you've done it. ............... >>
Cladking, Now I know why I have trouble sleeping at night. I've been collecting moderns for years and apparently, as you have pointed out, I hold disdain for those who do so.
Hey Cladking, thanks for playing along. I happen to be a big fan of moderns, but lets just keep that between you and me. You know some of the folks around here look down on the likes of us who collect them. But I still standby my original statement that to pay $3000 more for a point grade jump on a $45 coin would be insane (for me). Has nothing to do with moderns vs classics. Keep up the good fight.
<< <i>Do I dare.......well alright, here it goes......"I Agree" >>
Now you've done it. ............... >>
Cladking, Now I know why I have trouble sleeping at night. I've been collecting moderns for years and apparently, as you have pointed out, I hold disdain for those who do so.
Hey Cladking, thanks for playing along. I happen to be a big fan of moderns, but lets just keep that between you and me. You know some of the folks around here look down on the likes of us who collect them. But I still standby my original statement that to pay $3000 more for a point grade jump on a $45 coin would be insane (for me). Has nothing to do with moderns vs classics. Keep up the good fight. >>
Those are very impressive collections. The MS eagles (among others) must be spectacular.
There are a lot more ties that bind between all collectors than there is cause for discord. Coin collecting is especially binding. Ultimately we will all be remembered for everything other than what we collect and our coins will be passed down to those who care.
<< <i><< Russ, I am not the least bit concerned about you getting screwed. >> >>
Well, since you mentioned it. When you buy a common Kennedy for 5 bucks and sell it for 200 then someone is getting screwed, but at least its not you.
<< <i>folks around here look down on the likes of us who collect them >>
No one says that you shouldn't collect modern coins. Moderns are very attractive and a fine collectable, but not at the cost of 100 year old proof gold.
<< <i> No one says that you shouldn't collect modern coins. Moderns are very attractive and a fine collectable, but not at the cost of 100 year old proof gold. >>
Sure. This makes perfect sense. Please let us know what the most common, impaired proof gold coin from a hundred years ago is worth and we'll all discount everything to that level. With the speed of the web everyone will know by morning. Cooperation will be total.
Exactly the reason why I keep the focus on the rare-date gold... high numbers of common-date modern coins floating around. Not to mention all the thousands in mint and proof sets, just waiting to be found, cracked out and submitted. Any part of that market could literally flood overnight.
<< <i>Exactly the reason why I keep the focus on the rare-date gold... high numbers of common-date modern coins floating around. Not to mention all the thousands in mint and proof sets, just waiting to be found, cracked out and submitted. Any part of that market could literally flood overnight. >>
Please read the thread. This has been addressed many times including in this thread.
There are common moderns just as there are common classics. These common coins still have some chance of appearing in quantity. Rare moderns have a far lower chance of ap- pearing in quantity than rare classics though, obviously, the probability of either is low.
There are a few possible exceptions to this but they are mostly varieties.
Comments
Crap or not, as a rule, I avoid the big price jumps.
Amen to that- it's all about the optimal collecting grade....
and it sets us apart from practitioners and consultants. Gregor
Sounds verbose. Can we call it "OCG" for short?
<< <i>[]I think I'll reply with "I Agree".
>>
Obviously you are really saying that the only reason to collect moderns is to have a registry.
...And that moderns have no value outside of the registry sets. That it's
the ridiculous competition spurred by the grading company's marketing tool
that gives this crap any price whatsoever. -That all moderns are mere poc-
ket change whether they have nose hair or full genetalia. -That there is no
reason for reasonable people to care whether any of these is common or
rare and that it's best to be above such considerations and to steer newbies
in any other direction even if it means they have to collect unhinged stamps.
It means that you think anyone with later coins or reference material for them
should be rounded up and sent to gulags where they are starved and worked
until they are broken and worn. -That there children should be sterilized just in
case collecting this crap is hereditary. And most of all it means that you think
these coins should be destroyed before any other fools get the idea to look at
them.
It's surprising you can get so much venom in so few words.
and it sets us apart from practitioners and consultants. Gregor
Great set. I think the concept that seems so alien to some is that you have to collect what interests you, and the registry hasn't changed that. A collector with enough savvy to find the PCGS forums, understand the registry, and register a set, must surely be smart enough to know how to read the registry and pick a spot in which to make a mark if that's their motivation. Frankly, moderns would be the least likely place to get your name in lights. The competition is fierce, and getting in the top ten would require a lot more money than doing so in other places. The argument is a straw man, as is the generalization about exploding pops. Most of the modern pops will climb and their values erode, but not all. There will always be a few coins that are exceptional and many that are not in all series. Many of the Indians have small mintages. There's more to it than that. The collectors who don't specialize in moderns choose not to acknowledge that, as it doesn't get as much ink.
and it sets us apart from practitioners and consultants. Gregor
BillJones
Master Collector
Posts: 5347
Joined: Dec 2001
Sunday March 27, 2005 6:14 PM (NEW!)
<< I will never buy a coin at a grade in which the next grading point down is 1/78th the price, or 1/10th the price, or even one-third the price. >>
Neither would I. I look for threshold coin grades. The grade and price which is just below the spot where prices go up by geometric proportions.
Michael, in a down market thats a good strategy. As a matter of curiosity, how would that strategy have worked out over the last 10 years on coins like the 93-S anything, or the CC Morgans, or Early Dollars in the money grade?
and it sets us apart from practitioners and consultants. Gregor
That's a little over-the-top.
I do find it interesting that the regular defenders of the modern coins are the ones who search raw coins and "make" them, not buy them already holdered. We have not, to my knowledge, heard from the group who has purchased one of these coins:
1967 MS 68 Dcam - $6500 pop 6
1964 AH PR68 Dcam - $6800 pop 8
1965 MS67 Dcam - $7500 pop 8
1966 MS68 Dcam - $11500 pop 4
already holdered. I would like to learn their perspective, especially what role the registry has in their decision to purchase a 1968 DCAM Kennnedy 50c MS-68.
Maybe Bear will join the thread. Until recently he owned a set that included a 66 MS68 Dcam. He purchased the coins holdered to the best of my knowledge. When his interests changed, Goldberg auctioned the set. Maybe he can provide a perspective you won't think prejudiced, though it likely won't change any minds.
BTW - Robert, you never did comment on why the registry hadn't made the $5 Indians go wild. I'd love to hear your thoughts, since you likely understand gold better than I do.
and it sets us apart from practitioners and consultants. Gregor
Box of 20
<< <i>I do find it interesting that the regular defenders of the modern coins are the ones who search raw coins and "make" them, not buy them already holdered. We have not, to my knowledge, heard from the group who has purchased one of these coins:
1967 MS 68 Dcam - $6500 pop 6
1964 AH PR68 Dcam - $6800 pop 8
1965 MS67 Dcam - $7500 pop 8
1966 MS68 Dcam - $11500 pop 4 >>
I can tell you that the collector who bought Don's 1966 MS68DCAM SMS Kennedy had no trouble selling it at a profit about 18 months later when his interests changed and he sold his set. In point of fact, he owned all the coins on that list and didn't lose money on any of them.
Russ, NCNE
<< <i>Obviously.............It's surprising you can get so much venom in so few words.
That's a little over-the-top.
>>
I guess I started it.
Is this something more to worry about? No one really could hate moderns this much could they?
<< <i>Lot of cons for moderns but not many for pros on this thread. I am a modern collector and collect them because they appeal to me. You collect what you like not what is always popular. Try getting a 1995 Gold Proof Raw set in OGP for less than $4000 or a 1997 Jackie Robinson PF 70 PCGS for less than $2500. >>
I've never really said what I see as the pros of collecting moderns. It's
important to maintain at least a little credibility and this might be lost if
I said what I really believe.
These coins are a hoot and they will be collected by a growing base so
long as the hobby is to survive. The rarities in circulation will all be snap-
ped up over the next few years and the nature of these markets will be
stood on their heads. The spectacular gains to date have been the re-
sult of a very small demand and will be dwarfed as these markets become
mainstream.
I still would love to hear from Robert how the registry craze has ignited $5 Indians.
and it sets us apart from practitioners and consultants. Gregor
I have no idea. I do not collect "modern" gold.
The series I collect have very little registry participation. In reality, there is no registry for what I collect most assiduously, despite multiple requests from me and others, both here and across the street.
Robert, I'm shocked.
and it sets us apart from practitioners and consultants. Gregor
long as the hobby is to survive. The rarities in circulation will all be snap-
ped up over the next few years and the nature of these markets will be
stood on their heads. The spectacular gains to date have been the re-
sult of a very small demand and will be dwarfed as these markets become
mainstream. >>
Oh please! How many states quarter collectors are going to be able to collect 10K and up modern rarities
down the line. Besides the pops increasing also.
<< <i>
Oh please! How many states quarter collectors are going to be able to collect 10K and up modern rarities
down the line. Besides the pops increasing also. >>
This is the next generation of collectors. If they can't afford $10,000 modern
rarities then they can't afford $10,000 classic rarities either. Considering that
the classic market is far larger than the modern market it would seem to be
in everyone's best interest to encourage these folks.
Don't lose your perspective here. The average collector in twenty tears won't
be spending $10,000 on any coins. The average collector will be seeking to
complete collections. Beyond this there is little we can know about what spec-
ific coins, grades and series will be popular.
<< <i>Oh please! How many states quarter collectors are going to be able to collect 10K and up modern rarities
down the line. >>
How many who were sticking circulated wheaties in Whitmans 30 years ago now have six figure world class Lincoln collections? I can think of several. Many of today's "little" collectors will become tomorrow's "big" collectors.
<< <i>Besides the pops increasing also. >>
How much have the pops increased over the last few years for the $10K range modern rarities? If you can't think of the answer, feel free to go back and read this thread again.
Russ, NCNE
I cannot argue with that. Very few enter numismatics by collecting bust dollars or Indian $5's. Look at JHF's testamonial on the Registry Forum. He started small and just purchased the finest 94-S dime. (For you modernistas, I am talking about the 1894-s Barber dime, the series before mercs, which came before roosies.
I"LL BUY *ALL* your $45 - 1956 cents, in *ANY* grade.
Robert, I'm shocked. Your lack of interest in moderns didn't stop you from speculating about moderns and the registry earlier in this thread.
Good point. There are at least five pasionate Kennedy collectors who are very active on these boards that immediately come to mind. Unlike Kennedys and Wash quarters and the like, which I read about here everyday, I do not have the same opportunity to learn what is going on in the Indian $5 market. Does anybody here (other than Jplinka) collect Indian $5's as a series (and have a registry set)?
I have a 20lb bag of coins my in-laws found in circulation over the years. I went through the coins and found old crap.
I collect modern crap graded PR70 DCAM or MS 67+ NGC/PCGS because someday someone will have a nice graded coin collection.
1 21929857 1964 50C Accented Hair USA PR67CA
2 21929858 1964 50C Accented Hair USA PR67CA
3 21929859 1964 50C Accented Hair USA PR68CA (Now pop 39/0, and I've made 5 of those!)
4 21929860 1964 50C Accented Hair USA PR67CA
5 21929861 1964 50C Accented Hair USA PR67CA
6 21929862 1964 50C Accented Hair USA PR66CA
7 21929863 1964 50C USA PR69
8 21929864 1961 1C USA PR66RB
Date Received: 03/04/2005
Date Shipped: No Date Specified
Moderns rule!
Russ, NCNE
Will a $5000 modern bring a better investment return than a $5000 classic 20-30 years from know. No one knows.
Myself.....
I just have a hard time drooling over a 50 year old Jefferson Nickel that looks like the ones I have in my pocket even if I just spent $30,000 for it. Even with an extra step (I can only see under the 50x loupe) and surrounded by PCGS plastic, it just don't cut it for me..
<< <i>Do I dare.......well alright, here it goes......"I Agree"
Now you've done it.
While there's nothing wrong with not being enthralled with moderns or even
hating them it should be remembered that there are also very good reasons to
not like classic coins also. These coins have been collected almost to death. Many
of them have slight or severe rubs from being studied and displayed for many
decades. It can be difficult to say just where the line is between a rub and an
AU coin. Many of them have surfaces that have been alterred and doctored many
times. There's no way to go down to your corner drugstore or bank and get a few
rolls of bust quarters or gold indians to look through. You can't go down to the
local shop and ask to look through 1837 mint sets or 1890 proof sets to find some
gems. You can't pick up rare Morgans in circulation.
Me, I like all coins and think everyone should collect what they want at whatever
price they want. I don't have a hard time getting excited about a two hundred
year old quarter or a fifty year old nickel. Rarity, beauty, importance, grade, and
availability all excite me more than age. This is fortunate since I can't afford many
of the more desirable classics anyway.
<< <i>This strange fascination with what other people collect is unseemly. >>
The classics collectors are just trying to make sure us stupid moderns collectors don't get screwed.
Russ, NCNE
price they want. I don't have a hard time getting excited about a two hundred
year old quarter or a fifty year old nickel. Rarity, beauty, importance, grade, and
availability all excite me more than age. This is fortunate since I can't afford many
of the more desirable classics anyway.
Now, that's more like it, CK. You were scaring me a little with the "sterilizing the offspring of modern collector" bit yesterday.
Frankly, I enjoy the debate and learn something new every time we debate it (which is quite often).
The classics collectors are just trying to make sure us stupid moderns collectors don't get screwed.
Russ, I am not the least bit concerned about you getting screwed.
<< <i>Russ, I am not the least bit concerned about you getting screwed. >>
You mean you don't care about me? I'm hurt.
Russ, NCNE
A few years ago 20 amd 30s cars were in then they went to hot rods then muscle cars and 60s with matching numbers. Now custom cars with any big engine is hot.
When looking forward anything can change. Look at gold and silver in the 80s. If you collect what you enjoy the future price won't matter as you can't take them with you.
As people get older are they going to spend their free time collecting coins or are they going to sell their collections to have enough money to live on? This goes for real estate and stocks also.
<< <i>
<< <i>Do I dare.......well alright, here it goes......"I Agree"
Now you've done it.
Cladking,
Now I know why I have trouble sleeping at night. I've been collecting moderns for years and apparently, as you have pointed out, I hold disdain for those who do so.
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=8524&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=13874&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=7793&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=7791&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=8623&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=7787&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=8622&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=8519&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=7788&alltime=yes&requesttimeout=9999
http://www.pcgs.com/new_set_registry/display_coins.chtml?regsetid=7786&alltime=yes&requesttimeout=9999
Hey Cladking, thanks for playing along. I happen to be a big fan of moderns, but lets just keep that between you and me. You know some of the folks around here look down on the likes of us who collect them.
<< <i>
<< <i>
<< <i>Do I dare.......well alright, here it goes......"I Agree"
Now you've done it.
Cladking,
Now I know why I have trouble sleeping at night. I've been collecting moderns for years and apparently, as you have pointed out, I hold disdain for those who do so.
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Hey Cladking, thanks for playing along. I happen to be a big fan of moderns, but lets just keep that between you and me. You know some of the folks around here look down on the likes of us who collect them.
Those are very impressive collections. The MS eagles (among others) must be spectacular.
There are a lot more ties that bind between all collectors than there is cause for discord. Coin
collecting is especially binding. Ultimately we will all be remembered for everything other than
what we collect and our coins will be passed down to those who care.
<< <i><< Russ, I am not the least bit concerned about you getting screwed. >> >>
Well, since you mentioned it. When you buy a common Kennedy for 5 bucks and sell it for 200 then someone is getting screwed, but at least its not you.
<< <i>folks around here look down on the likes of us who collect them >>
No one says that you shouldn't collect modern coins. Moderns are very attractive and a fine collectable, but not at the cost of 100 year old proof gold.
<< <i>When you buy a common Kennedy for 5 bucks and sell it for 200 >>
They cost me $12 and will sell for $400 (and, one of them for $800). Get your facts straight.
Russ, NCNE
coynclecter
Collector
Posts: 2291
Joined: Feb 2002
Monday March 28, 2005 9:58 PM (NEW!)
Well, since you mentioned it. When you buy a common Kennedy for 5 bucks and sell it for 200 then someone is getting screwed, but at least its not you.
as per the above what is the buy back from the original seller?
<< <i>
No one says that you shouldn't collect modern coins. Moderns are very attractive and a fine collectable, but not at the cost of 100 year old proof gold. >>
Sure. This makes perfect sense. Please let us know what the most common, impaired
proof gold coin from a hundred years ago is worth and we'll all discount everything to
that level. With the speed of the web everyone will know by morning. Cooperation will
be total.
<< <i>as per the above what is the buy back from the original seller? >>
The same buyback Heritage, and ANR, and Superior, and Goldberg, etc. offer when they auction coins.
Russ, NCNE
Would there be a (soon-to-be) 100 post thread if the above were the title of the article?
<< <i>Exactly the reason why I keep the focus on the rare-date gold... high numbers of common-date modern coins floating around. Not to mention all the thousands in mint and proof sets, just waiting to be found, cracked out and submitted. Any part of that market could literally flood overnight. >>
Please read the thread. This has been addressed many times including in this thread.
There are common moderns just as there are common classics. These common coins still
have some chance of appearing in quantity. Rare moderns have a far lower chance of ap-
pearing in quantity than rare classics though, obviously, the probability of either is low.
There are a few possible exceptions to this but they are mostly varieties.