What is your definition of MODERN?
kidd
Posts: 231 ✭✭
I have read many posts from members who bash moderns. What is the true definition of "modern" coins by todays standards?
This is not a joke, or a stab at anyone. I am curious because i thought ALL coins were considered "Moderns" at some point in history.
This is not a joke, or a stab at anyone. I am curious because i thought ALL coins were considered "Moderns" at some point in history.
If you can read this, your too close.
A DAMMIT BOY from Jonesy 1/25/05
Lieutenant, Covert Operations
Subcommittee
my first POTD award 7/16/05
the cat ate my blue fish.
A DAMMIT BOY from Jonesy 1/25/05
Lieutenant, Covert Operations
Subcommittee
my first POTD award 7/16/05
the cat ate my blue fish.
0
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Good question,
Paul.
Later, Paul.
All coins were modern in their day. If collectors generations ago didn't collect moderns there would be no early unc or proof coins out there.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
and it sets us apart from practitioners and consultants. Gregor
> "Clad era (1965 to present)."
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I'm in total agreement!!
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
Rus, NCNE
The fact that people started bashing moderns in 1965 proves it.
After 1998 people quit bashing new coins so these are ultra-moderns.
<< <i>I can't offer a good definition, and I suppose that's why I count all coins as collectible.
That is the way i feel. Some series were made in clad as well as silver, so does that make half of them classics and half moderns?
I`m personally working on a complete high grade circ. set of each series. Got a few done, but still missing a few keys for some of the sets.
A DAMMIT BOY from Jonesy 1/25/05
Lieutenant, Covert Operations
Subcommittee
my first POTD award 7/16/05
the cat ate my blue fish.
I also don't have a date in mind. If I had to guess I would say after 1964? or 1970, When silver disappeared?
Rookie Joe
<< <i>I feel it is a function of your age and what you remember seeing in circulation. >>
So what is modern to some is collectible by others? I guess i don`t understand why there is so much bashing when there is so little concensus on what a modern is.
A DAMMIT BOY from Jonesy 1/25/05
Lieutenant, Covert Operations
Subcommittee
my first POTD award 7/16/05
the cat ate my blue fish.
<< <i>The death of Miss Liberty happened in 1947, so 1948 to present.
Rus, NCNE >>
I kinda like that a little better than the strict dead presidents demarcation as it basically includes all mint sets and the proof sets post-WWII. Coins that were minted in huge quantities and socked away by the rolls, and the golden age of circulation collecting by a couple of generations of YNs. Prior to that time, levels of collecting activities were low and general public disregard for their coins was common. The 50-D 5c and the 55/55 1c really got the thing going. Notice how the Mint took notice and ramped up the proof set mintages right after that. Clad era is not enough as late wheat cents are basically in the same boat as the memorials and the 90% silver is worth more for those later years mainly because it is 90% silver.
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Even the top 2 TPGs differ:
PCGS: 1965 -
NGC: 1955 -
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
<< <i>See? How can we have a modern forum if we cannot agree on a definition of "Moderns"?
Even the top 2 TPGs differ:
PCGS: 1965 -
NGC: 1955 - >>
My point exactly. How can someone throw one bunch of coins into one category and another bunch in the next? This makes NO sense to me. If there is not a clear and defined line between moderns and " collectibles" then how can we separate them or disrespect another collector who has them?
A DAMMIT BOY from Jonesy 1/25/05
Lieutenant, Covert Operations
Subcommittee
my first POTD award 7/16/05
the cat ate my blue fish.
I personally consider coins with a design I still see in circulation to be modern. I consider 1932 Washington silver quarters to be more modern than Ike clad dollars. I consider 1909 Lincoln wheat cents to be half modern.
<< <i>
<< <i>The death of Miss Liberty happened in 1947, so 1948 to present.
Rus, NCNE >>
I kinda like that a little better than the strict dead presidents demarcation as it basically includes all mint sets and the proof sets post-WWII. Coins that were minted in huge quantities and socked away by the rolls, and the golden age of circulation collecting by a couple of generations of YNs. Prior to that time, levels of collecting activities were low and general public disregard for their coins was common. The 50-D 5c and the 55/55 1c really got the thing going. Notice how the Mint took notice and ramped up the proof set mintages right after that. Clad era is not enough as late wheat cents are basically in the same boat as the memorials and the 90% silver is worth more for those later years mainly because it is 90% silver. >>
But this is exactly why 1964 is the line.
Before this time the coins were made of silver and other "good metal" and people saved and collected it. After 1964 there was very little saved. While all ultra-moderns haven't been widely saved, the introduction of the states quarters have relaunched the habit of setting aside new coins.
If you don't believe me then just try to find a fresh original roll of 1969 quarters. Whether
you believe it or not, this is a massive undertaking. There's not much demand for them be-
cause they look like junk but still one would cost you about $100 if you can locate it. There
are very few people who are pushing up the price of a very scarce roll.
Think about this: I have never seen an original roll of 1969 clad quarters since I started col-
lecting clad quarters in 1972!!!
<< <i>But this is exactly why 1964 is the line.
Before this time the coins were made of silver and other "good metal" and people saved and collected it. After 1964 there was very little saved. >>
I imagine the 1964 cutoff doesn't have a big effect for cent and nickel collectors, does it?
<< <i>
<< <i>But this is exactly why 1964 is the line.
Before this time the coins were made of silver and other "good metal" and people saved and collected it. After 1964 there was very little saved. >>
I imagine the 1964 cutoff doesn't have a big effect for cent and nickel collectors, does it? >>
Not really
Classic - before you were born.
Modern - after you were born.
That seems to be deciding factor for many forum members...
Hoard the keys.
<< <i>P.C.G.S Say's 1965 to date so this my be a Modern. >>
But the real question here is will it cross?
<< <i>
<< <i>But this is exactly why 1964 is the line.
Before this time the coins were made of silver and other "good metal" and people saved and collected it. After 1964 there was very little saved. >>
I imagine the 1964 cutoff doesn't have a big effect for cent and nickel collectors, does it? >>
Yes it does.
Look at the collections of cents and nickels and you'll see that most cut off at 1965. A few
will straggle into the late 1960's but most old time collections end at '64. Despite the fact
that many of the post 1964 are many times rarer than the earlier coins they list at far lower
prices. Look at the Krause, Red book, or Coin Values pricing: the coins get tougher at 1965
and the prices fall off a cliff. Not only are the coins tougher but the quality drops off right at
1965 since the mint was cranking out coins by the billions and didn't have time for niceties
like changing cent and nickel dies. Part of this pricing is inertia but most of it is that there is
a great deal less demand for coins made after 1964. This is the dividing line between the haves
and have nots. It's the dividing line between crap and coins. it's the dividing line Usually) be-
tween bashing and high praise. It is the dividing line between mostly common in nice condition
and tough.
In the future it will also be the dividing line between what comes into the coin shops for sale and
what is difficult to find. Actually it already is but no one notices because of light demand.
Classics ended when the dead presidents began regardless of series.
The name is LEE!
1965-1982 = Really Modern
1983-1998 = Really Really Modern
1999-2006 = Really Really Really Modern
2007 = Super-Duper Quadruple Modern!
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
word "modern" gets thrown around in a derogatory sense. Got
a Lincoln cent say a MS 66 dbl die.......you got a neat coin. Pay 20K
for an MS 68 1944 shell case cent and your are nuts. Some times
it is all in the way it is presented. No one makes a market in these coins.
Who cares?
OK.
I don't believe that no dealers buy them many offer to buy this "stuff" from me.
I have fun with putting together a set of coins two states quarters each,
sets both mint and proof. Keep one set sell one set.
I think modern coin burns the butts off of dealers who see millions of dollars go into,
as recently, GAE and SAE 20th anniversary sets.
Not to mention all the money spent on grading fees and mailings.
I love my classic coins, but I sold 4 different 1916 slq's into the
recent bull market and one 18/17s over date. VF30 to MS64FH.
I sold them because it is stupid not to take the profits. The way I see
it I still have a set of SLQs in EF 45 to AU 58 sans the two coins
mentioned.
In 1975 I put together my first complete set of coins Franklin Halves
in MS. I sold my 1949s in 1978 for $275.00 had paid $130.00 was
a darn good deal. Then sold the rest of the set. Gee. I must of
been collecting moderns back then. Funny the 49s isn't even the
"key" any longer. The modern/Classic debate has to do with $$$$.
Believe me when anyone says it's not the money that bothers them
It's the money that's bothering them. A lot has gone into recent
mint issues. I like them for fun.
<< <i>I'd say anything post 1837 is 'modern'. >>
Using the steam press as the beginning of modern coinage?
Hoard the keys.
Hip= Laura,
therefore, Modern is the equivalent of Laura
``https://ebay.us/m/KxolR5
Before 1940-
1940-1964- 1/2
1964-present-Modern crap
<< <i>The modern/Classic debate has to do with $$$$. Believe me when anyone says it's not the money that bothers them It's the money that's bothering them. A lot has gone into recent mint issues. >>
At least Laura admits it's the money chasing high-grade ultra-moderns that bothers her.
My icon IS my coin. It is a gem 1949 FBL Franklin.
thread with English as a first language.
The measure of intelligence is the ability to change.
Albert Einstein (14 March 1879--18 April 1955)
<< <i>The death of Miss Liberty happened in 1947, so 1948 to present. >>
<< <i>My dividing line is dead presidents. Each series is different, but we changed from one era to another once we stopped putting liberty on our coins. All coins were modern in their day. If collectors generations ago didn't collect moderns there would be no early unc or proof coins out there. >>
I think I would agree with fcloud, dead presidents are the dividing line
<< <i>Modern = Hip
Hip= Laura,
therefore, Modern is the equivalent of Laura
I completely disagree with Russ on this one. Ms Liberty LIVES
Modern is 2001... the mint is still selling coins minted in the MODERN era
``https://ebay.us/m/KxolR5