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Pillar of the Community
United States
1788 Posts |
As a YN, the only modern coins I enjoyed collecting are the State Quarters and the national parks quarters (finished states and caught up with nat'l parks). By a large margin I enjoy classic coins. SLQ's, Seated coinage are my favorites. Those designs were infinitely better imho. |
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Pillar of the Community
United States
6130 Posts |
Modern, classic, doesn't matter to me as long as it keeps the bidders with deep pockets away from the REAL classic (Greek & Roman) coins!  |
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Bedrock of the Community
United States
12057 Posts |
Quote:The Model T theory: Well the Liberty Seated design was used on several coins for over half a century. the Draped Bust and Capped Bust designs were on everything from Half Cents to silver dollars and the capped bust design even included quarter eagles and half eagles. The barber design was on 3 denominations for 24 years (23 for the 1/2 dollar) I specifically excluded the state/atb/np quarters from what I said for precisely this reason. The Barber and Seated Liberty and Draped Bust coinage runs were not addressed simply because American numismatics was still a very small and fairly young hobby until the 20th c. Most average (non-wealthy) citizens were NOT collecting large numbers coins, not when they needed every dime to get by day to day. In addition, even though the designs did not change much, there were plenty of scarcities and rarities to attract the interest of collectors later on. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
719 Posts |
To the OP, sometimes it feels good to get things off your chest. I've got only a few pet peeves considering all the possibilities with The Hobby and human nature, and have unloaded here sometimes. Quote:
In the defense of those who hate moderns most of them believe that for all practical purposes the mint stopped making coins in 1964. It's not so much that moderns are junk as it is that there are no modern coins to collect other than 1931 to 1964 issues and they are too common.
The best thing about modern coins is that it's all uncharted territory. There aren't even any proper price guides so collectors can have all sorts of knowledge that only collectors have and can acquire rarities cheap. People don't know which dates are tough in well made condition from solid dies so they are mixed in with others of the "grade" at the same price. There are all sorts of rarities from PL's to new die strikes, varieties, and Gems. If this is the same Cladking as on another forum, I have learned more about modern coinage from reading his posts ca. 2003-2010 than anyone else. When Cladking speaks, listen! |
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Bedrock of the Community
13014 Posts |
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If this is the same Cladking as on another forum, I have learned more about modern coinage from reading his posts ca. 2003-2010 than anyone else. When Cladking speaks, listen! It is the same dude |
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Bedrock of the Community
United States
12057 Posts |
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This is really the misconception of the top modern business grades. They aren't in danger of becoming worthless, nor does the mintage matter that much. Yes a pop 1/0 value will go down if it becomes 2/0 but that is no different than classics unless you only go for ultra rarities. It's a matter of possibility, so to speak. A coin with a mintage of 2,000,000 and a population of, say, 50 in MS65 has a much smaller "pool" of potential coins which could be MS65, than one with a mintage of 200,000,000 coins. Even then, the pricing for both classic and modern coins is still subject to the discovery of hoards (cf. the Treasury Morgan dollar vault releases and the Omaha Bank Hoard, to name two.) In other words, in the majority of cases, the possibility of someone finding a previously-unknown MS66 Indian cent for any given common date is a great deal lower than the odds of someone finding a previously-unknown MS66 Lincoln Memorial cent for a common date. Going from 1/0 to 2/0 won't kill a modern coin, but going from 1/0 to 100/0 sure will, especially with the amount of coins being submitted combined with rampant gradeflation. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Moderator
 United States
188213 Posts |
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Bedrock of the Community
13014 Posts |
Quote:
A coin with a mintage of 2,000,000 and a population of, say, 50 in MS65 has a much smaller "pool" of potential coins which could be MS65, than one with a mintage of 200,000,000 coins. This is exactly the misconception I was addressing. Modern top coins don't work like that, they just don't exist very much as opposed to Morgans which are the ASE of the 1800s. Try and find a top pop modern and send it in especially if you don't look at the couple obvious ones. You will have a very different perspective after with real world trying |
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Bedrock of the Community
United States
12057 Posts |
It's not the fact that they (top pop moderns) exist, it's the fact that they have the greater POTENTIAL to exist.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
13014 Posts |
Quote:
it's the fact that they have the greater POTENTIAL to exist. No not at all. Do more exist yes assuming they haven't been ruined, but most will be ruined by far from beliefs like that. For the sake of argument say 10k come out, how many people who get them do you think could realize it? Most people even collectors will ignore them, but a Morgan and they pay attention. Very few will be realized and survive |
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Valued Member
 United States
77 Posts |
There's always a grade point where everything seems to just leap in price. I say that if even if you can afford the $500 MS-70 coin it's still probably smarter to buy the $50 MS-69 coin instead. Because even if it does lose value it won't hit as hard. And you're getting a coin with 99.9% of the quality of the higher grade coin for 10% of the price. Let's face it; Whether you collect classic or modern coins, we're all going to, at times, buy coins that lose value. There's no avoiding that.
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Bedrock of the Community
13014 Posts |
Quote:
I say that if even if you can afford the $500 MS-70 coin it's still probably smarter to buy the $50 MS-69 coin instead. Those have nothing to do with modern business strike top pops that get the big bucks Edited by basebal21
08/26/2018 01:44 am
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Valued Member
United States
77 Posts |
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Those have nothing to do with modern business strike top pops that get the big bucks  Could you clarify what you mean by that? What specific "those" are you referring to? I just mentioned price differences between grade points and how the top grade is not always the best buy. Edited by rbjr85
08/26/2018 02:28 am
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Valued Member
United States
441 Posts |
Quote:
Whether you collect classic or modern coins, we're all going to, at times, buy coins that lose value. There's no avoiding that. When buying for my collection, it's only 'cause I like 'em. |
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Bedrock of the Community
 United States
12477 Posts |
I want to add an MS-70 graded Jefferson nickel to my collection. It only serves the purpose of having one in that grade, no other.  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
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Posted 08/25/2018 11:17 pm
