Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection! Shop for APMEX Bullion on eBay!Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Question For Those Who Were Established Collectors In 1965

To participate in the forum you must log in or register.
Author Previous TopicReplies: 18 / Views: 1,648Next Topic
Page: of 2
Pillar of the Community
cladking's Avatar
United States
2271 Posts
 Posted 07/09/2023  3:38 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
The change over was so traumatic that the hobby only began recovering in '95/ '96 when it became apparent that there would be new designs on coins; the State Quarters. This perked up the modern coins and classics recovered a little later and then got a huge boost when baby boomers returned to the market with lots of money to buy the coins they couldn't afford as youngsters.

The trauma to the hobby can not be overstated. Even mint marks were removed so there was just nothing in circulation of any interest except a few rare varieties of clads. But all the coins had a sameness about them until well into the 1970's. All the clad was high grade junk and the old coins were common date and worn. Time marched on even though people weren't paying any attention to coins any longer so when the FED and mint started rotating their coin stocks in 1972 it went entirely unnoticed. Now the coins began wearing evenly so early dates began to disappear in high grades. The last of the AU 1969 quarters were gone as early as 1981 and the XF's shortly after that. Most collectors to this day seek the old coins but a nice AU or better 1980 nickel is far scarcer than a '50-D in the same grades.

The effects of the date freezes and change-over are still with us to this day and won't go away any time soon. They are still determining the behavior of many collectors. Even mint behavior is affected because like most mints they are issuing large amounts of NCLT to interest collectors. They are still trying to improve quality to old levels. They still avoid tiny production runs of circulation issues.
Time don't fly, it bounds and leaps.
Valued Member
SquareCircle's Avatar
United States
155 Posts
 Posted 07/10/2023  1:05 pm  Show Profile   Bookmark this reply Add SquareCircle to your friends list Get a Link to this Reply
Not entirely on topic, but... in the late '70s (my late teens) my mother had roughly a quart-sized baggie full of silver dimes, quarters, halves and dollars. As I recall, the dollars (Morgan & Peace) were older than the rest, which were mostly from the later days of U.S. silver coins (i.e., lots of 1964s). I only recall seeing Washington quarters and Kennedy halves; there may or may not have been Mercury dimes.

Supposedly the bulk of these coins came from my paternal grandparents. I'm not sure how my mother got them, given that my father had been out of our lives for some time. But I know my grandparents couldn't have collected all of them, since they both died in early 1963 while silver coins were still being made. So I'm not sure who actually pulled all of the relatively recent coins (particularly the 1964s) out of circulation.

At any rate, we decided to sell the whole bag in late 1979 or early 1980, around the time silver prices shot way up. (Until I read this thread today, I'd never heard of the Hunt brothers.) I recall one day in particular when I tried going to various coin stores, and all of them were closed due to the crazy circumstances at the time. Eventually we did get them sold, although I don't know where or for how much. But I soon ended up losing a similar amount of money anyway, in an unrelated situation.

I now wish I'd kept the coins, of course -- the non-duplicate ones, anyway.
Moderator
Learn More...
jbuck's Avatar
United States
188560 Posts
  Previous TopicReplies: 18 / Views: 1,648Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.23 seconds to rattle this change. Forums