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Questions For Collectors Of Modern Coins

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basebal21's Avatar
13014 Posts
 Posted 04/24/2018  9:37 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
And you can't deny the popularity of the Buffalo nickel. Shield nickels? Well ok, to most people it's probably not as attractive as some other coins. The Liberty Head nickel is fairly popular though.


Nickels overall are one of the less popular series, though to me that is more because of the designs than anything else. The buffalos are popular from the nice designs. Good designs will always rule the day and make any metal popular.


Quote:
And yes, clad coins are money.


Exactly. Younger collectors will agree with that generally hence the increasing popularity of moderns
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cladking's Avatar
United States
2273 Posts
 Posted 04/24/2018  10:03 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

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@ cladking. So it's basically based on a 50+ year old grudge?


The coins are considered debased junk which are common and uncollectible. They are believed to be unartistic and not historical. Old time collectors often had a visceral hatred of the coins caused by numerous factors.

This has been passed down to newbies for many years.

Early issues were very poorly made from worn tired dies. Proof and mint sets were discontinued. There were two date freezes and Congress considered a bill that would make modern coin collecting illegal. Mint marks were discontinued. Old coins disappeared.

1964 to 1969 was a very bad time to be a coin collector. It didn't matter what you collected you were still impacted by the events.
Time don't fly, it bounds and leaps.
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rbjr85's Avatar
United States
77 Posts
 Posted 04/25/2018  12:07 am  Show Profile   Bookmark this reply Add rbjr85 to your friends list Get a Link to this Reply
@cladking. Well, I can tell by your user name and avatar that you aren't against these kinds of coins. You just understand where the other side is coming from. Would that be accurate? As for the first point you brought up: Why can't something be collectible if it's common. Maybe we need to tell all of the baseball card, comic book and bottle cap collectors that they've been approaching the concept of collecting the wrong way their whole lives. It's like they're mixing up the word collectible with the words scarce and valuable. Collectible just means it can be arranged into a set of some kind.(categorical, denominational, chronological etc.) It has nothing to do with scarcity or value. As far as I'm concerned Lincoln memorial cents and Clad Washington quarters are just as much of a collectible as proof Morgan dollars and St. Gaudens double eagles. As for them being unartistic? I'll admit, I used to have the same attitude about them. Lately however, I've started to appreciate them more. Not historical or not from a romanticized version of history that they read about in books? Or do they mean not historical as in made too recently? Well everything started out as new at one point. Poorly made coins from worn dies is nothing new. Proof strikes and mint marks were discontinued? That just makes it easier to complete a 1965 to 1967 set. I'm glad congress realized passing a bill to make collecting modern coins illegal is a stupid idea. Old coins disappearing from circulation was bound to happen eventually. The growing popularity of coin collecting, especially of older obsolete series, as well as the rising price of silver, combined with the general wear and damage that coins go through after spending decades in circulation, make that an inevitability. The same thing is happening today. Minus the part about silver of course. Quarters for example. I see less clad quarters of '65 to '98 than I used to. Although they're still very common I've been seeing less of them every year. For every one Washington quarter of 1965 to 1998 that I see I see about 15 to 20 state, territorial or "national park" quarters. And those differences are only increasing. I'm not saying that they'll ever be as rare as classic silver coins of the 19th or early 20th century. But I could imagine them becoming almost as elusive in circulation in the future as later date Lincoln wheat cents are today. From what I understand the 1960's was a weird time for a lot of people, not just coin collectors.
Edited by rbjr85
04/25/2018 12:08 am
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spru's Avatar
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12477 Posts
 Posted 04/25/2018  12:55 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
From what I understand the 1960's was a weird time for a lot of people, not just coin collectors.


I can agree with that, and I wasn't even born yet!

Seriously though, if you consider finding modern coins in circulation in a few decades, look no further than the zinc cent. Primarily, the composition and resultant rapid deterioration of the coins will prevent them from tolerating any considerable amount of circulation. On top of that, they may not survive policy if, within the next few decades, the decision is made to do away with the cent coin altogether. (I don't want to start that debate, just point out the place of the cent in the future of modern coin collecting!)

I am also pleasantly surprised to receive a quarter, nickel or dime from the 1970s nowadays (I even got a nice 1971 Kennedy half a couple weeks ago!). The period of mainstream collecting of "modern" coins is just beginning. I believe it will happen, but we are in a transition of sorts. There are many members here who are younger than me and I certainly have no connection to the 60s as far as coin collecting, so the grudge is not one that I carry. Even the copper to zinc cent transition happened before I was born.

In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
04/25/2018 12:57 am
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jbuck's Avatar
United States
189767 Posts
 Posted 04/25/2018  09:04 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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On top of that, they may not survive policy if, within the next few decades, the decision is made to do away with the cent coin altogether.
Decades?
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cladking's Avatar
United States
2273 Posts
 Posted 04/25/2018  09:39 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

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@cladking. Well, I can tell by your user name and avatar that you aren't against these kinds of coins. You just understand where the other side is coming from. Would that be accurate?


Nobody hated clad more than me in 1966. But after the date freezes were lifted I was among the first to have my heart thaw out as well.

Most collectors are still hardened to these coins.


Quote:
As for the first point you brought up: Why can't something be collectible if it's common.


Most importantly they aren't common. They never were common in nice condition but no one knew this. But now days a 1969 quarter is only common in highly degraded condition and even here they aren't common in nice attractive evenly worn condition.

Of course common coins can be collected. I collect some common things just because they make nice looking collections.


Quote:
It's like they're mixing up the word collectible with the words scarce and valuable. Collectible just means it can be arranged into a set of some kind.(categorical, denominational, chronological etc.) It has nothing to do with scarcity or value. As far as I'm concerned Lincoln memorial cents and Clad Washington quarters are just as much of a collectible as proof Morgan dollars and St. Gaudens double eagles.


In some ways I find the moderns more collectible because the competition is lower. It's hard to collect something if the guy who got there before you bought it already. Not many collect moderns even today so interesting specimens are more likely to be seen.


Quote:
As for them being unartistic? I'll admit, I used to have the same attitude about them. Lately however, I've started to appreciate them more.


Me too.


Quote:
Not historical or not from a romanticized version of history that they read about in books? Or do they mean not historical as in made too recently? Well everything started out as new at one point. Poorly made coins from worn dies is nothing new. Proof strikes and mint marks were discontinued?


Some think that if a coin isn't old it hasn't seen much history but a 1965 quarter has seen the moon landing and the advent of the internet age. Changes are coming fast and furious and the worlds is much different than it was in 1964.


Quote:
That just makes it easier to complete a 1965 to 1967 set. I'm glad congress realized passing a bill to make collecting modern coins illegal is a stupid idea. Old coins disappearing from circulation was bound to happen eventually.


I think the only reason they didn't is no one wanted any moderns anyway.


Quote:
Quarters for example. I see less clad quarters of '65 to '98 than I used to. Although they're still very common I've been seeing less of them every year.


Not only are there fewer and fewer old quarters every year but the old ones are more and more worn with each passing day.


Quote:
But I could imagine them becoming almost as elusive in circulation in the future as later date Lincoln wheat cents are today. From what I understand the 1960's was a weird time for a lot of people, not just coin collectors.


I doubt they'll ever be that scarce in circulation but there's a huge difference; there are countless millions of the wheat cents set aside in top condition. There are countless millions sitting in boxes. Not many clad quarters are out there especially in nice attractive BU condition.
Time don't fly, it bounds and leaps.
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