Surge In Popularity For Modern Coins?

It's been apparent for several weeks now that the modern markets are starting to wake up for the first time. BU rolls and sets going back to 1965 have been in demand and prices are firming at higher levels. The supply of these coins is far lesser than anyone imagines so if the demand growth continues there could be fireworks. "Common" BU Ike rolls are trading as high as $40 and better dates are going much more.

Classics will do fine in the long run but right now there are more coming into shops than dealers can afford to buy and markets are thin. Dealers are strapped for cash because of falling metals prices and don't have supplies of moderns like mint sets. This "junk" is the first thing they liquidate when the markewts are tight so we have no supply and fast growing demand.

It might get interesting.

I intend to sell into this demand but I don't have very much of the average coins and mostly just have Gems stashed safely away in safety deposit boxes.

I guess we'll all see what happens.

One of the reasons for the popularity of modern coins is that they are more strongly marketed.
The mints are in the business of making new product for their stakeholders, and that is why glossy brochures for new product and advertising has to be supported by them.

When the advertising campaign moves on whatever is currently produced, it is often found (but not always) that product that was recently produced can drop in aftermarket value.

You have to be a very astute buyer of current modern product to be able to identify what is likely to retain all of it's value in the aftermarket.
For this reason, it may be well worth looking at the aftermarket to begin with.

Traditional classic coins do not receive as intense marketing activity.

I agree with most of the previous posts here. I personally like classic coins more than modern, but I think some people are into modern coins for a get rich quick and flip them, and others think that because they see classic coins bringing high premiums that there PF70 modern coin will be worth big bucks 10 years from now.

Because there is really no comparison here. Buying something at a coin show is not the same as getting something from the mint when it is released.

There are a few oddball modern rarities that have increased significantly in value recently, the 2000 State Quarter/SAC Mule has pushed well past $50,000 in the most recent auctions, also the 2000 Cheerios dollar has been steadily increasing in value in higher grades, there are some date/mm combos of ikes that trade near $10,000 but they are few and far between.

I get all my coins at face-value except for the ASE I bought, so why do I care what grade my Morgan's and Peace's are in when I only paid $1 for them? But I never was really into the limited edition scam that was baseball cards either... and we all know that market died off over a decade ago. The only thing keeping the scam of limited coins alive is rare metals being used to make them.

If anyone that collects is here, would you want a limited coin minted made out of say aluminum? Of course the price wouldn't be as high as gold, silver or platinum, but would you really want to collect a limited coin of aluminum at aluminum's cost and value?

I'm always amazed in how little interest there is in British moderns. Luckily I got into the cu/ ni predecimal coins before their prices soared but these are far more common that the decimals and the decimals are far cheaper. It appears in the US that some of the decimals are as scarce in Unc as the 1920's era debased silver coinage and it goes for extremely high prices.

not funny..

Yeah the silliness of folders and such is a big problem, they now make sticker to put in them so you can add dates to "plain" coin albums, but why don't they sell the holes they cut out to plug those spaces in folders like the dime you speak of that people will never find to put in a folder, because those are probably sealed in a non-pvc little holder that is encased in acrylic being used as paper weights.

That being said, I wouldn't move to modern coins to fulfill a sense of accomplishment. Having the coins is fun and lets you look at them without having to travel to some museum full of people where you can scrutinize the coins close up. But a major thing in collecting coins for me is the collecting aspect. You try to get as much of the series are you can, or whatever preferred grouping of coins you choose. coins albums and folders are like books, and many people may read a book and put it away to return later to look at it once again. Jay Leno collects cars, but doesn't drive them all at the same time. The only modern coins I go for are the ones in circulation. That won't change because to me that is coin collecting, not "gotta catch em all" like pokemon; so First Lady's Baseball Hall of Fame etc have no interest to me, they are just weird tokens. They may have a face value, but that is for decoration. Coins are something meant to be money, meant to be spent for face value.

One twist is that some people may be coin collectors and be getting modern coins for the next generation. How hard is it now for people born in the 50 to make a birth year set? Those getting modern coins to pass down to potential future coin collectors may take some of the fun out of finding the coins, but remove the stress of not finding those coins to whom they are passed down.

Imagine if your grandparents and parents could have kept 1 of each coin and passed them down?