Notice how the subject matter of classic threads is different from modern threads?
mercurydimeguy
Posts: 4,634 ✭✭✭✭
#1 Hot topic of Modern collectors -- what kind of stuff is coming from the mint; how many will be designated full strike; how many will get grade MS/PR 70 by NGC or PCGS; how much can one buy it for on eBay; who can I sell it to when I need to get out
#1 Hot topic of Classic collectors -- Guess the grade on my newest classic coin; what am I doing wrong because my pictures are coming out like CRxxP; the following 3 dealers hosed me because I bought OGH coins from them that were advertised as LOCK UPGRGADES and the coins didn't upgrade; is this coin AT or NT; should I dip or not; what do you think of my latest crust; and the best of all -- Hypotheticall number 4 to the nth degree
Clearly my efforts at satire are futile -- but if we were to step back, there are oodles of very obvious differences between people who collect moderns and people who collect classics, which sometimes makes me wonder if it is even the same hobby
For example -- who gives a rat's butt about the gold buffalo. I went to a local coin show today and they were more readily available than lint in my pockets.
Clearly by my remark I am showing my colors
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Comments
<< <i>but if we were to step back, there are oodles of very obvious differences between people who collect moderns and people who collect classics >>
The biggest difference is that moderns collectors don't try to tell other people what they should collect.
Russ, NCNE
<< <i>The biggest difference is that moderns collectors don't try to tell other people what they should collect. >>
But they make strong HINTS !!!
<< <i>#1 Hot topic of Modern collectors -- what kind of stuff is coming from the mint; how many will be designated full strike; how many will get grade MS/PR 70 by NGC or PCGS; how much can one buy it for on eBay; who can I sell it to when I need to get out
#1 Hot topic of Classic collectors -- Guess the grade on my newest classic coin; what am I doing wrong because my pictures are coming out like CRxxP; the following 3 dealers hosed me because I bought OGH coins from them that were advertised as LOCK UPGRGADES and the coins didn't upgrade; is this coin AT or NT; should I dip or not; what do you think of my latest crust; and the best of all -- Hypotheticall number 4 to the nth degree
Clearly my efforts at satire are futile -- but if we were to step back, there are oodles of very obvious differences between people who collect moderns and people who collect classics, which sometimes makes me wonder if it is even the same hobby
For example -- who gives a rat's butt about the gold buffalo. I went to a local coin show today and they were more readily available than lint in my pockets.
Clearly by my remark I am showing my colors
The only problem is you, as a collector, need more than lint in your pocket to purchase one.
And therein lies the rub. Most who say they won't, can't.
-Amanda
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
What I find most interesting, however, is what modern threads talk about versus classic threads.
I might have gone astray on my original post -- what I was trying to say is that if you read the threads, they are almost like different hobbies.
<< <i>
<< <i>but if we were to step back, there are oodles of very obvious differences between people who collect moderns and people who collect classics >>
The biggest difference is that moderns collectors don't try to tell other people what they should collect.
Russ, NCNE >>
Son you are on Drugs with that statement.
For the most part in real life collectors keep their opinions to themselves when it gets to discussing Classic and Moderns. Too bad this is not true here.
Now tell me, why would anyone pay over 5 grand for a gold coin that weighs one ounce and has only been out for a month or so ? Personally I would rather have a 1921 MS64FB Merc that has a proven track record......
Ken
<< <i><< but if we were to step back, there are oodles of very obvious differences between people who collect moderns and people who collect classics >>
The biggest difference is that moderns collectors don't try to tell other people what they should collect.
Russ, NCNE >>
Son you are on Drugs with that statement. >>
Show me even a single example of a moderns collector denigrating a classics collector for their purchases. You can't. There are none. Yet, there are dozens and dozens of threads with classics collectors attacking moderns collectors for their purchases.
Russ, NCNE
<< <i>
For example -- who gives a rat's butt about the gold buffalo. I went to a local coin show today and they were more readily available than lint in my pockets.
Clearly by my remark I am showing my colors
Easy brother...this thread isn't about bashing modern collectors. I was taken back, however, by actually looking at what one group talks about versus the other.
Modern people don't necessarily collect the moderns...they just buy/sell them. Not that classic people don't either, but I don't hear many people buying First Strike MS70 Gold Buffalo's to pass down to their grandkids as family heirlooms.
This is not bad or good, by the way, but just different.
<< <i>It doesn't seem like many are after already slabbed moderns unless it's for a registry set. >>
And yet many thousands sell every day. Far, far more than just registry pop tops. Who's buying them?
Russ, NCNE
<< <i>
<< <i>It doesn't seem like many are after already slabbed moderns unless it's for a registry set. >>
And yet many thousands sell every day. Far, far more than just registry pop tops. Who's buying them?
Russ, NCNE >>
I dunno.
"The biggest difference is that moderns collectors don't try to tell other people what they should collect."
Right, because they don't have a rational arguement for why they pay 20x+ grade premiums for what amounts to a couple specks of dust on the surface of a coin
<< <i>The biggest difference is that moderns collectors don't try to tell other people what they should collect.
Russ, NCNE >>
Not entirely correct. You may not tell classic collectors what they should collect, or denigrate same, but you do seem to take pleasure in knocking collectors of certain modern coins. How many "Cool, another thread about the Gold Buffalo" comments did we hear over the last two months.
<< <i>Right, because they don't have a rational arguement for why they pay 20x+ grade premiums for what amounts to a couple specks of dust on the surface of a coin >>
Sort of like classics collectors who pay 20x, (and higher), premiums for color?
Russ, NCNE
<< <i>
<< <i>It doesn't seem like many are after already slabbed moderns unless it's for a registry set. >>
And yet many thousands sell every day. Far, far more than just registry pop tops. Who's buying them?
Russ, NCNE >>
Shhhhh, Laura is! She is going to corner the market!!!
<< <i>For example -- who gives a rat's butt about the gold buffalo. I went to a local coin show today and they were more readily available than lint in my pockets. >>
Mercurydimeguy,
I like US coins period, whether modern or classic. I don't like some winch telling me what I should collect. Make no mistake, there has been several threads that Laura has posted to that basicially tell people that collecting modern issue of coins is a waste of time and money. Then Laura will get her cronies to pile on and bash the modern collector. It is funny that when a classic coin collector makes a thread about a coin or new purchase, the modern collectors don't bash them (it's a one way street on the bashing).
As far as the new gold buffalos go, they are a nice looking coin, but I'm betting that six months down the line I should be able to pick up both PCGS PR69 and MS69 for as little as $75 over spot.
Just My Humble Opinioin,
Tim
<< <i>
<< <i><< but if we were to step back, there are oodles of very obvious differences between people who collect moderns and people who collect classics >>
The biggest difference is that moderns collectors don't try to tell other people what they should collect.
Russ, NCNE >>
Son you are on Drugs with that statement. >>
Show me even a single example of a moderns collector denigrating a classics collector for their purchases. You can't. There are none. Yet, there are dozens and dozens of threads with classics collectors attacking moderns collectors for their purchases.
Russ, NCNE >>
Russ in the real world !! Not here, this is not the real world. When collectors, in general, talk face to face I have never noticed a whole bunch of bashing. Of course cost of a item comes up and someone might say "You paid what for That ?" and that is usually the end of it. The modern guy says yes and the classic guy says OK but does not call the modern guy a stooge even though he might think the modern guy is one. Probably the same thing applies if the roles are changed.
Just my observations over the past 25 years....
Ken
Ken
<< <i>Russ in the real world !! Not here, this is not the real world. When collectors, in general, talk face to face I have never noticed a whole bunch of bashing. >>
Ah, okay. You're right. In the real world, at shows and shops, I've never heard classics collectors bashing moderns collectors and telling them how stupid they are for the way they spend their money. In fact, in the real world the classics collectors I've met are nice courteous people who don't stoop to denigrating others for their choices.
I wonder why they constantly do it here?
Russ, NCNE
You can get them like that now...One website offering PCGS MS69 First Strikes for about $730??
But would you not agree that what people talk in context of these bullion/high grade coins is different than what people talk about when they are discussing classic gold? It's almost like two different hobbies.
I wonder why they constantly do it here?
The digital world, bud...never have to face anyone
<< <i>I wonder why they constantly do it here? >>
It makes for lively threads ? Hiding behind a keyboard ? Understanding level is that of a NitWit ? I dunno.....
Little jabs one way or the other do not count as Bashing IMO.
Ken
<< <i>The digital world, bud...never have to face anyone
Unfortunate but true.
I have both modern and pre-1930 coins in my collection. They all have their own particular attraction.
<< <i>Little jabs one way or the other do not count as Bashing IMO. >>
Agreed. Like Lucy and I with Kennedys and Frankies. She knows Frankies really are ugly.
Russ, NCNE
<< <i>
<< <i>I wonder why they constantly do it here? >>
It makes for lively threads ? Hiding behind a keyboard ? Understanding level is that of a NitWit ? I dunno.....
Little jabs one way or the other do not count as Bashing IMO.
Ken >>
That is so true. Most everyone here (even my buddy Russ) are really nice people. There are the occasional jerks that pass thru and most usually don't stay, but the rest of us can agree to disagree. I have at least 100 Kennedies in my collection - all raw-- so I like moderns also- my current addiction is bust halves, but lets see what tomorrow brings.
Besides- I had a lot of fun last night throwing stuff on the other thread--- yes I got hit with some, but I threw better and I won my little battles last night (just don't let anyone tell Russ)
Aw, shucks...
Seriously, both groups are similar in that they want to talk about coins. The big difference is that there's not as much to discuss about a new issue.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i> and the best of all -- Hypotheticall number 4 to the nth degree
Aw, shucks...
Seriously, both groups are similar in that they want to talk about coins. The big difference is that there's not as much to discuss about a new issue. >>
Thats what we need-- we need to establish Overton like numbers to all the different die marriages of the GB--- now we are talkin.....
<< <i>
The only problem is you, as a collector, need more than lint in your pocket to purchase one.
And therein lies the rub. Most who say they won't, can't. >>
You cannot buy squat with the lint from your pocket, NOW if you are talking about lint from your belly button I hear people sell that on Ebay then you can buy all kinds of interesting goodies with the proceeds.
Ken
should really do, it's stepping out of time and looking at the hobby. Look at it from the
perspective of somebody who's busily accumulating rolls and bags of anything he can
get from the bank in order to have an early retirement. Read "The Profit March of Your
Coin Investment" -GW Haylings (1964) and you'll see that to collectors at that time it
made perfect sense to think that the hobby would grow forever and their coins could
only increase in value as they were consumed over time. You'll understand how common
coins like '60-D sd cents went for huge premiums while some 19th century proofs were
available for a few dollars. Look at the hobbyist from the turn of the previous century
who would pay up for civil war tokens but thought most of the modern Barbers were so
common that they could never have much premium. Look at today. We know that people
didn't save coins from after 1964. We know that many of these coins have been escalat-
ing sharply in price since people started collecting them a few years back. Does this mean
that a '60-D sd is rare or that Barber coins are uncollectible. Obviously not. The '60-D 1c
is distressingly common simply because people thought it was desirable. The Barbers are
scarce largely because collectors didn't think they'd be desirable. Proof type from the 19th
century is no longer cheap because no good thing lasts forever.
The future will be very much the same simply because it is largely dictated by the past and
present. People didn't save moderns so they can never be common. Whether they become
popular collectibles or not will be determined in the future but there is no doubt that many
will sell for very high prices because they are rare and/or already sell for strong premiums.
If these become popular collectibles than even the scarce and less common coins will gain
premiums. Some may wish this weren't true because they feel like they've already missed the
boat or because they think it detracts from the coins they love but this is the way it is already.
Today there are huge opportunities for collectors. Not only for moderns and classics but also
coins from all over the world. Tokens and medals are finally getting attention. Some may want
to contain all the excitement about coins to their own little niche or to a short period of the is-
sues of a single country, but the simple fact is that t's physiclly impossible for the world's fifty
million coin collectors to chase an old US series that doesn't exist in that kind of numbers. If
someone wants to collect aluminum coins then he can't collect US at all. If he wants to collect
something in nice gem then he can't collect most older US series and the other older US series
will be prohibitively expensive.
Rather than run down other coins, bashers might be well advised to hold their coins out not as
the only thing to collect but rather the epitome of desire for US collectors. Otherwise they may
find that as the legions of newbies become more sophisticated they'll go after coins other than
the old US. They might discover that without demand their coins look as silly to buy as they cur-
rently view gold buffalos.
and it sets us apart from practitioners and consultants. Gregor
<< <i>I like both moderns and classics. They all make me happy! >>
...from the mouths of YNs...
CG
Its reminds me of the computer business. Software vs Hardware. Software says they need hardware to run faster and able to multitask and to be bigger so their programs will run correctly. Hardware says programers are lazy these days and do not program as they should. Leaving out the extra junk and not making their programs efficient. But the funny thing is........ neither would survive without the other. I suggest coins are the same way. We need OLD and we need NEW coins. We need buyers and collectors who can afford simple easy to grade coins. We need buyers who have a working knowledge of Old coins. We need a influx of NEW coins so buyers have a supply to pick from. A child today cant relate to coins from the 1800's that his grandparents may talk about, as with most children today their grandparents are no longer around. As with the older generation their grandparents was. So I guess the real bottom line is......... neither will survive without buyer
Jeffs
Bruce Scher