Coins & Such....my Thoughts - Page 2

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Author	Replies: 22 / Views: 3,620	Page: of 2

Rackster Pillar of the Community United States 4809 Posts	Posted 10/17/2014 5:26 pm You are probably right about that carl. I think modifying a circulated coin's design adds interest and creating proof versions equally so. I enjoyed collecting the State Quarters (and looking for the varieties) and now the National Park series... no issues there whatsoever. What bothers me (that's probably not the right word either) are the creations of non-monetary coins (e.g. to commemorate a team's success in last year's World Series) and the like. It's like creating a 'limited' stamping of a bottle cap that was never intended to be put on a bottle, limiting the production to create artificial scarcity, and selling for big money to create higher margins for producers and salespeople. It feels phony to me and gives me the impression folks are getting duped out of money (I guess it's theirs to spend, so what's the problem?). And to that extent, to each their own. Report this Post to the Staff
0xDA71D Pillar of the Community United States 1215 Posts	Posted 10/17/2014 5:54 pm I am a young coin collector (16 years old) and let me tell you this: I did not start collecting because of the ATB Quarters or State Quarters. Report this Post to the Staff
Rackster Pillar of the Community United States 4809 Posts	Posted 10/17/2014 6:28 pm That's fine. It would be fine if they had. What the OP offered was that in his opinion (if he is a 'he') modern coinage has become unnecessarily dull and complex. A matter of opinion in which I share (especially on the issue of ugly renditions of presidents past). So the questions that comes to mind: are all the variations being created to spawn new collectors or rekindle old ones? Or maybe, are they all out there to break up the monotony of decades without change in a series? Or maybe, are all these modern series, including non-monetary issues, there to create an expanded market to the delight of collectors (and the people who profit from their sales)? Maybe all are valid reasons in and of themselves or combined. Report this Post to the Staff
TheForce Pillar of the Community United States 4870 Posts	Posted 10/18/2014 8:27 pm "Dull and complex" is a good way to put it. I often wonder how many people are brought into the hobby by the multiple designs each year and how many current collectors become turned off by them and end up leaving the hobby. It is mind boggling really the amount of quarters for example being put out each year.... 5 different designs by 3 different mints, then the proofs, and the silver proofs. That's like 25 different quarters each year!! HOLY COW!! It is maddening!! Then there are dollar coins...the Presidential and the Native American dollars. Billions of these are sitting in government vaults, the general public has no interest in using them, they will never work until the greenback is withdrawn from circulation. I am not sure if the Native American dollars are even issued to banks for circulation. Seems silly issuing circulating quality coins to a "collectors only" audience. The edge lettering is horrid, the designs are ugly, the $1 makes them look like Chuckie Cheese tokens for crying out loud. And with the multiple designs comes bloated mint and proof sets at a bloated price. Overall I think the hobby is just bloated with junk. I admire the Royal Canadian Mint though because even when they issue commemorative quarters, they still produce the Caribou quarter along side with them weather its to circulation or from a NCLT sets. Report this Post to the Staff
Groszy Pillar of the Community United States 589 Posts	Posted 10/18/2014 9:04 pm No Sac dollar since 2001 has been issued for circulation in the traditional sense. From 2009 through 2011, the NA dollars could be ordered online, I know during 2009 for face value, directly from the mint. A lot of folks abused the system for credit card reward points (purchase a bunch with I believe free shipping, then took them to a bank). No prez dollar has been issued for circulation since 2011 either. Speaking of the RCM, anyone notice the sheer number of individual issues produced yearly? And tons of quarter ounce silver sold at such a premium. Report this Post to the Staff
Gothic Valued Member United States 300 Posts	Posted 10/20/2014 05:58 am It's too bad the 2012 NA reverse had to be wasted on the NA dollar. Otherwise agreed on the Chuckie Cheese comment. RCM is on a coin a day rampage--but some of them are nice for admiring--probably not for investing. Report this Post to the Staff
Gothic Valued Member United States 300 Posts	Posted 10/20/2014 05:59 am http://www.usmint.gov/mint_programs...2012NADesign Edited by Gothic 10/20/2014 08:59 am Report this Post to the Staff
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