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At Least I know that my Moderns Haven't been Dipped
jmski52
Posts: 23,956 ✭✭✭✭✭
I collect some "Classic" coins. I also buy Modern coins, some of which I collect. Sometimes I sell them, and sometimes I hold onto them. Sometimes, I even take them out to admire. If I didn't think of myself as part collector and part speculator at the same time, I'd be lying. I see nothing wrong with a multi-faceted approach.
There seems to be enough animosity towards someone who might flip a "modern", but not nearly the same beligerent attitude toward someone who might flip a "classic." If somebody decides to max out his credit card trying to play a new issue, what business is it of anyone else? Risk vs. Reward - it's quite a concept, and it's a free market, mostly anyway. If you can win in that scenario, more power to ya.
Further, even the Great Laura herself has issued a proclamation that Moderns don't take capital away from the classic coin market (although I disagree with her). A hundred million here, a hundred million there - it's not alot of money anyway. So again, I ask - why the antagonism? It's unwarranted. Un-war-ran-ted!
At least I know that when I get an order from the Mint - a beautifully-designed, perfectly executed, state-of-the-art, collectible, (and valuable) Proof or Unc. Silver, Gold or Platinum Eagle (or Commem) for example, I know that it hasn't (yet) been dipped, puttied, cigar-smoked, mintmark added, mintmark removed, toned, bleached, buffed, etched, conserved, felt-padded, or anything else.
You can't say that about alot of "classic" coins. Am I modern-bashing? No, it's the truth. Does all of that mean you shouldn't collect classics? Of course not. Have fun collecting, have fun investing, have fun speculating, and have fun dealing - enjoy it, will ya? And learn something in the process. There, 'nuff said, again.
There seems to be enough animosity towards someone who might flip a "modern", but not nearly the same beligerent attitude toward someone who might flip a "classic." If somebody decides to max out his credit card trying to play a new issue, what business is it of anyone else? Risk vs. Reward - it's quite a concept, and it's a free market, mostly anyway. If you can win in that scenario, more power to ya.
Further, even the Great Laura herself has issued a proclamation that Moderns don't take capital away from the classic coin market (although I disagree with her). A hundred million here, a hundred million there - it's not alot of money anyway. So again, I ask - why the antagonism? It's unwarranted. Un-war-ran-ted!
At least I know that when I get an order from the Mint - a beautifully-designed, perfectly executed, state-of-the-art, collectible, (and valuable) Proof or Unc. Silver, Gold or Platinum Eagle (or Commem) for example, I know that it hasn't (yet) been dipped, puttied, cigar-smoked, mintmark added, mintmark removed, toned, bleached, buffed, etched, conserved, felt-padded, or anything else.
You can't say that about alot of "classic" coins. Am I modern-bashing? No, it's the truth. Does all of that mean you shouldn't collect classics? Of course not. Have fun collecting, have fun investing, have fun speculating, and have fun dealing - enjoy it, will ya? And learn something in the process. There, 'nuff said, again.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
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At least I know my Morgans don't develop milk spots after they've been holdered.
I knew it would happen.