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 Replies: 32 / Views: 5,618 |
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Pillar of the Community
United States
1704 Posts |
I do not collect modern coins because there is no better feeling than holding a 100+ year old coin. The Lincoln cents, Indian Head nickels, Jefferson nickels, Roosevelt dimes, Washington quarters, Franklin halves, Kennedy halves, and all of the modern dollar coins beginning with the Ike do absolutely nothing for me. The various finishes being produced now is just the Mint's strategy for selling more overpriced coins to collectors who have to have at least one of each knowing that those collectors are addicted to this hobby. First day sales indicate there are quite a few modern coin addicts. |
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Pillar of the Community
United States
7194 Posts |
I focus on silver so I get each ASE and each commemorative dollar. I then purchase the silver proof sets to keep my silver dime, quarter and half current. I gave up on nickels long ago and have Jeffersons in a folder somewhere. Lincoln cents were my first collection, taken mainly from circulation I contine to add them each year from my change. No double ups. This keeps me current and allows for classic addition to my collection. |
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Valued Member
United States
487 Posts |
Well, I just have to look at some albums that are missing a coin or two to complete them. Modern Halves...missing the Baseball HOF and 1996 Soccer. Not interested in the HoF coin because it won't fit in the Dansco and every time I find myself surfing for the soccer coin I stop short of buying it because I think $130 (2015 Red Book) for a clad coin? Another example is the Susan B Anthony dollars, both pages complete but have "hole fillers" where the two type 2's go but at $230 for the pair (2015 Red Book) I have to stop myself again and think Holy Cow, I could buy a real coin for that kind of money! I have got my State Quarters down to needing the 1999 Silvers and I will complete those as it is a very impressive 2 album set and at least the silvers are 90%. In contrast, I recently completed my Franklin set in BU+/proof and the last coin I needed was one of the most expensive and yet it was only $75. I say only because it was very easy to decide to buy that last Franklin after looking at the 96 Soccer and the SBA's. Well, hoo boy...I feel much better now....... |
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Bedrock of the Community
United States
10038 Posts |
I have been reasoning about moderns for awhile now. I like the looks of the Sacs - although the 2015, just MHO, is a giant step backward in design compared to the last couple years.
I never did get into the state etc. quarters simply b/c my gut says I need to collect things that will appreciate in value (don't know why this is so). So there are a few of this series I do like - such as the modern S quarters with low mintages. The silver proof quarters might also be something I get into b/c they are silver and I admit the myriad of designs DOES look good.
I think I also gravitate towards JFKs for the same reason... I like the silver proofs.
The last few years of special edition JFKs have also taken their toll on my numis-cash. But like jbuck said... no regrets.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Moderator
 United States
188952 Posts |
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Well, hoo boy...I feel much better now.......  |
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Bedrock of the Community
Australia
21788 Posts |
I gave up on modern Australian many years ago, and went into ancients. Just too much to spend to complete sets.
It is possible to look at each ancient, and see it as a collection within itself. If you get two, your collection has doubled in size, but it is still possible to see the collection as complete within itself.
It is however, not possible to complete a set of coins no matter how many you have. Each coin within your collection is an individual, just as people are.
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Pillar of the Community
United States
946 Posts |
I my opinion anything modern is a waste of time and money. They put out so much "modern" stuff now with all different finishes and what not. I think its just propaganda to get as much as your $$ as possible. If I am about to spend a lot of money on coins. I want classic coins. In my eyes the epitome of coin collection. None of this modern junk.(sorry if I hurt anyones feelings,and I'm sorry that your money goes to all this new stuff. Blahh not for me
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Valued Member
United States
317 Posts |
The annual silver proof set and uncirculated dollar coin set gives someone almost everything and the total is under $100 or under $8.50 a month. I'm not a fan of the Presidential dollars but I'm sure the next generation will grow to appreciate them. I get 'em in the annual silver proof set and annual uncirculated dollar set and think of them as a bonus. The only ones I would go out of my way to acquire would be the error coins in the series. I would do what many here have advocated and focus on going after the highest graded key coins that one can afford then gradually save money on the side for ones you can't afford at the moment. |
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Pillar of the Community
United States
1781 Posts |
I remember seeing a guy trade a 1957-D Lincoln Cent in PCGS-67 for an XF 1909-S VDB and couldn't shake the fact that the guy getting the 57-D was getting a coin so common that I had a BU bag of OBW rolls of them that I have only gone through one roll of spot-checking and the other guy was getting something of a truly historic nature -- the first year and type of issue of a coin that passed through hands briefly back in 1909. I know all about grade-rarity but come on ... which would you rather have? |
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CCF Sponsor
United States
702 Posts |
I'd say try to become more of a connoisseur of the sets. Rather than buying them from the Mint and taking what they give you, start shopping around.
After a few years, mint sets tend to drop in value (of course prices of the silver stuff is attached to the bullion market, so buy those accordingly). But as far as the non-silver sets, go to shows and your local dealer and really be discerning about which sets you buy.
You can get fantastic 68s and 69s and even 70s in a set for $4 if you look hard enough. Conversely, if you take what the Mint gives you, you can be stuck with 64s and 65s for the exact same price! Look for exemplary strike and luster and even varieties. Most dealers don't bother with stuff like that as there is too much volume to deal with.
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Bedrock of the Community
Australia
21788 Posts |
Scropper: I like your attitude when it comes to moderns.
They are, after all, a legitimate part of the numisnmatic scene.
Using some circumspection should be appropriate to anything you are considering to buy, be it classics ancients or moderns.
Do due diligence first. That means being aware of fakes and scams, and doing good price research.
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Pillar of the Community
United States
1795 Posts |
Hmmm been there done that but I'm trying to complete my Modern Commemorative Collection in MS69/MS70 and its tough. Buying the gold is killing me. I will say one thing though the silver and gold coins are beautiful. Looking forward to the day its done but that will be never you see how many the mint issues.
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Pillar of the Community
United States
1228 Posts |
I like all of the creative design themes (arts) that the u s modern coins have I still need to pick up the last two proof ASE to catch up and I'm trying to put together a ATB set from circulation this time around unlike the State Quarter series rolls mint purchsed from last time put three sets together spent the rest always liked to have some a.g.e. around for rainy days its just not time to buy yet sold the others commems are neat as well . Great Hobby & Topic |
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Pillar of the Community
United States
1704 Posts |
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always liked to have some a.g.e. around for rainy days its just not time to buy yet $1,200.00 is the break even point for mining gold. The three major banks who set the spot price of gold are not going to let gold drop too much lower than that, it is not in their best interest to let it do so. Look at the spot prices since January 1, 2015. In March there was a decline over several days and bottomed out at $1,147.25 the next day it was $1,166.00 then $1,183.10 the next day. It was $1,175.95 on May 1st and has not been lower than $1185.00 since. Cumulative average so far this year is $1,210.81. Now is the best time to buy gold. |
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Pillar of the Community
United States
1582 Posts |
My modern coin collection consists of cents through dollars, and I update it every year by buying the unc mint set from the mint. The only proofs I do are the dollars, and half dollars. I get the Pres proofs and the ASE proof from the mint, and go to ebay for the Sac proof, as well as the Kennedy clad proof, and the Kennedy silver proof. Keeps it simple, and not real expensive to keep my modern coins collection up to date. |
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Posted 05/11/2015 12:58 am
