Numismatic Rarity Or Fad?

Here is a link from Ken Potter that was emailed to me this morning. It seems as if more people are falling into line that this State Quarter is "hype"

http://koinpro.tripod.com/Articles/...ieGouges.htm

I personally view all the modern coins as too much hype. All the current designed coins have mintages in the billions. For those dealers or sellers marketing them as ultra rare or condition rare are simply taking advantage of people who truely have no clue what rare is.
The low tier grading services survive on this and the proof is in the pudding. So many MS or PR 70 coins are popping up that the values cannot be held. Until all the dust is settled, there is just no accurate way to judge the rarity of coin. When looking at the older proven series, there are plenty of facts to go back and research.
We as a whole are in such a frenzy to make something out of nothing, that we grab at any dream that comes along. The newer coins, Lincolns, Jeffersons, Roosies, State Quarter all have unique collectors that are specializing in them hoping to make something out of nothing. In the early years, most of these coins were not struck particularly well, but no date in the series are truly hard to come by. (Errors excluded). So each group is trying to find something to bring the series to the front of the hobby. We have full steps, full torches, and a few others. In todays Mint, weak strikes are truely rare. Coins put into the Mint and Proof sets are remarkable for the most part.
There is nothing wrong with collecting these coins, but why pay premiums for coins that are in no way, shape or form rare.
For the past couple of weeks I have been receiving calls about this quarter. I have not, nor will not buy these things. In my opinion, they are not rare, nor worth the price.

If you want a set of the varieties, I'd wait for another couple of months. I firmly believe these prices will come down significantly. I would say that the people who running "sales" on these have figured out that the hype is what kept the prices so high and they see the writing on the wall.

quote:

---

Originally posted by Kyra

the cow is missing one eye. Think about it...

Rachel [:p]

---

I hope this isn't going escalate into the famous cow whose poor eye-sight started the Chicago fire.

Hi guys- on ebay completed auctions it seems as if there are less sales of the Wisc varieties and the prices continue to trend ever so slightly down. 3/16 completeds- lows went for right around $100 in uncirc, highs over a wider range-maybe centered around $150. None going for 200+ as last time I looked at completeds on 3/3 or so.

Gotta love some of the wierd variants folks are trying to peddle- Wisc "smoke", an extra hat line above John Muir on the CA 25c, "fat" leaf Wisc quarter, etc.