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Replies: 21 / Views: 4,895 |
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New Member
Switzerland
46 Posts |
I think coin collection will have its peaks and troughs. Today many collect State Quarters and maybe in 40 years the State Quarters will no longer be in circulation and many will be looking for them. However, I do not think it is worth paying a premium for a State Quarter unless it is in a very nice state. On the other hand it is a good idea to collect them now because they may be worth a lot later on down the road. The State Quarters are beautiful and may fetch a large premium later down the road.
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Valued Member
United States
172 Posts |
I really do not think that the general public notices this glut of coin series that has followed the State Quarters. Those were certainly popular because it was something new. But once Congress started the Westward Journeys nickels, Lincoln Bicentennial pennies, Presidential dollars, Native American dollars, and America the Beautiful Quarters people stopped paying attention. There is no more novelty to coinage series and what has followed is a glut of boring, insipid coinage designs. The Mint has unfortunately taken a liking to a "story-time" philosophy to coin design, that is, every design needs to have educational value to it (even commemoratives). The subjects are presented in the simplest, most one-dimensional manner to get across the message of the coin quickly and briefly. Gone are the use of artistic allegory and symbolism.
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New Member
 United States
42 Posts |
Hugh: Yes this is what I'm talking about. When these design changes become old hat, collectors may start to pine for the old days of consistency. And how long can the mints keep churning out new concepts every year? Personally I love these series' especially the state quartets and ATB so far, and I even think the dime is due for some changes. But I hardly represent the general coin collecting population, especially as a new collector.
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Pillar of the Community
United States
687 Posts |
If they become rare, people will collect them like most people collect morgans, classic commemoratives or even ancient coins. A few examples of the nice affordable ones, and an expensive wish list.
I can't believe that the state/territory quarters will ever be rare - even if you aren't seeing them in your neck of the woods just yet. Look through your change and see how many mid sixties quarters you find - and those are coins that circulate a lot (unlike nickels and pennies) or even how many bicentennials are still out there (those were hoarded in droves 35 years ago). Many people who aren't normally coin collectors built state sets and I think people will be pulling beat up Whitman's full of Grandpa's quarters for the next 50 years. I do think high grade mid to late 90s quarters will be rare in 10-20 years though because no one cares about them now.
Now the REAL question for me is do I include 1 quarter from 1999 or 2000 in my 20th century type set, or do I include all of them? Arrg!
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Pillar of the Community
United States
1213 Posts |
RollHunter, you just hit on one of my gripes - Type Collecting. That's an area that won't be affordable much longer if the mint keeps cranking out all these different types.
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Pillar of the Community
 United States
2448 Posts |
Well, statistically, the 20th century actually ended with the year 2000. Ball's in your court now?
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Valued Member
United States
397 Posts |
One other problem I see is how the coins will wear. Look at any mid-60s quarter, nickel, or cent. The relief appears to around 1/32". Lay a 1962 cent flat on a table beside one from 2010. You can tell which is which with your eyes closed, without picking them up and feeling the weight difference. The relief on all coins struck in the last 10-20 is much less than it has been. To a degree, I even understand the reasons. But, in 50 years, any coin from today that is still in circulation will be worn so smooth as to be unrecognizable. Look at coins like Barber quarters in G to VG condition - now imagine that same amount of wear on a State Quarter.
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Pillar of the Community
United States
687 Posts |
I think you're right about the low relief, but in 50 years I think inflation will keep the cent and the nickel out of circulation. Maybe the dime too. What will cost less than $1 in 2060? The low value coins don't circulate enough now to wear out (compare a LWC find from the teens with one from the 30s), let a lone 50 years from now.
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Valued Member
United States
66 Posts |
I collect Kennedy halves right now, and that is a pretty easy set to put together at a fair price. I have a lot of the halves now minus a few from the 80s and a few of the silver ones from the 90s. I just picked up a PF70 silver kennedy halve 1995 and 2006- beautiful coins for PF70 of course. I have all the halves from the 60s and 70s but only bought the highest/best possible examples I could find. I want the best since its a fairly easy set to complete. After I get those completed I haven't really decided what to move on to next, perhaps the Lincoln Memorial cent.
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Bedrock of the Community
Australia
21788 Posts |
The idea of changing types on coins ain't nuthin new!
The ancient Romans changed their coin types frequently. The Romans did not have newspapers, so how did they let the Empire know when they had a new emperor? Easy! Just put his portrait on the coinage! If you wanted to celebrate something, say it on a coin. If you wanted hope for peace when there was war, show it on a coin. If there was inflation, a whole new series would have to be introduced with smaller coins, or less precious metal in them, or higher denominations.
The Romans produced something like 15,000 types. THAT would make a complete type set pretty hard to obtain. Perhaps the British Museum would have the nearest thing ot Roman Type set. The Hermitage Museum in Moscow, or the Bibliotheque Nationale in Paris, or the Hunterian Collection in Glasgow would be worthy runners up.
By appointment, many years ago, I spent a day in the Coins and Medals Department of the British Museum, looking at tray after tray of Byzantine gold solidii. I was about as happy as a pig in deep mud! They have thousands of coins that would be worth thousands each if they came to auction.
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Pillar of the Community
United States
2273 Posts |
http://www.numismaster.com/ta/numis...icleId=12619These links don't always work here so this is some of the mentioned article; Quote:The Mint has estimated that 100 million U.S. citizens have or do collect these changing design series in various forms. That's staggering market exposure by almost any measure and even if the number is a little optimistic it is training new collectors to expect a high level of design differentiation in their sets. Much of the world has a design- and denomination-rich coinage history to draw from that stretches over thousands of years. They tend to stress collecting by type as a result. It takes time for new collecting habits to show up in the broader market just as it took about 40 years or one generation for collecting by date to fully give way to collecting by date and mintmark. Similar changes are afoot now and it is showing up clearly in silver proof Washington quarters because they have had a little time to mature. There's always constant change and evolution in everything and the author makes some valid points. But there will always be demand for quality and rarity in all its forms in collectibles. Many world and US moderns will prove quite elusive even as type coins since moderns were not saved. All over the world people quit saving coins between 1950 and 1965 and didn't start again until the new millenium. This can't be undone because most of the coins that weren't saved are already lost forever.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2734 Posts |
Quote: The relief on all coins struck in the last 10-20 is much less than it has been. CuNi alloy coins last a lot longer in circulation than 90% silver coins. The Mint figured out that CuNi coins simply don't need the old silver-style high relief designs to last in circulation. Quote:Look at coins like Barber quarters in G to VG condition - now imagine that same amount of wear on a State Quarter. I already see early State Quarters in VG grade, and they still have full rims and all of their main design details. Not to say that another 10-20 years of hard use wouldn't get them down to G-AG, but how many Barbers and Standing Liberty's are AG-3 or FR-2? This doesn't even factor in the untold millions of AG/FR/PO Silver Quarters melted from 1965-80, and that some dealers will still melt common low-grade Barbers and SLQ's even today! That said, I could still buy bagfuls of AG/FR Barbers & SLQ's if I was so inclined.
Edited by DNA 08/03/2010 6:57 pm
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Valued Member
United States
258 Posts |
I for one enjoy the large selection of unique designs. Remember I grew up with the same style coins in pennies, nickels, dimes, quarters and halves which got BORING very quickly. I loved the State Quarter program and was glad when they finished it only to move on to the possessions and now the different parks. It also created a new set of collectors that would not have joined our ranks otherwise. The old designs were lacking popularity and unique characteristics. One advantage to this is that people who "collect" in bulk are also doing a forced savings plan. You will note that a lot of coins that have been in storage for decades are now circulating again as people emptied their change jars into coin star machines for cash. Coin collecting or hoarding is a great way to save money while at the same time saving for an emergency. Besides it gives us roll searchers an occassional bu coin in the deal. Let the trend continue! Sincerely, John Leckrone
Edited by 925dealer 08/13/2010 8:11 pm
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Valued Member
United States
188 Posts |
I was thinking about how to handle all the new coin designs for for my budding Type Set. I finally decided to look at them like I look at the Commems. Just pick one and move on. If I want one of each type, I will work on them as a seperate series. LOL OTOH, What good is a Type Set without one of each type? ROFL Is this what they call "Circular logic"? It sure is giving me a headache. Ok, back to my original plan. Pick my home State Quarter and roll on.
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Valued Member
United States
273 Posts |
I'm in the same boat as you -- mid 20s and just started collecting, beginning with the modern stuff.
I've been wondering about this too. The 2009 mint set had 36 coins in it. That's just crazy to add to every year (especially with the Satin Finish garbage they've been using in uncirculated sets since 2005, dreck). It's kind of frustrating that an album of quarters can have 10 years on a page, then 2 on another. Hehe.
But, I guess it gives me more to put together before I move on to more expensive older series :)
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