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 Replies: 24 / Views: 4,420 |
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Pillar of the Community
United States
615 Posts |
...Which is why I avoid most slabs Carl - for me to get my hands on a slab it must be a very high quality example of the coin (And not the modern stuff too - the slabs I've owned were Buffalo nickel, Morgan, IHC, and Franklin .50) |
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Pillar of the Community
United States
528 Posts |
Well I for one do not collect anything that modern!
and I will be collecting for another 40 years at least.
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New Member
United States
42 Posts |
Did anyone else see under completed listings on the bay...220 pounds of puke, thats the description I'm not kidding. Item# 140435605745 |
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Pillar of the Community
Canada
3692 Posts |
@seal006: you bring up a good point.. I wish I could've obtained 1964 Canadian mint sets for those low prices by today's standards.. In the future we'll be looking at today's prices and wish we'd bought in sooner..
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Pillar of the Community
United States
2602 Posts |
LOL @ the 220 pounds of puke, ended at 3550 reserve not met! Guess there's some value in puke!
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Pillar of the Community
United States
539 Posts |
I don't really collect much US but I would have to say that the 'modern' foreign (dark side) coins are really quite nice and designs are quite diversified.
I like silver to but there is so much 'hoarding' going on, the price I need to pay over 'book' value keeps them out of my collection and in either someone else's or still on the table. LOL
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Pillar of the Community
United States
1213 Posts |
I miss the silver too. I collect the modern designs because that's what's available, but I love the Walking Liberty half and the Indian Head. Getting all them in top condition is just too expensive. |
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New Member
United States
33 Posts |
Quote:
I agree- even setting aside any disparity in melt value, silver is just a much more satisfying material for coins You nailed it Secret Agent Man! Silver is more satisfying than the clads,cupros and what not. The two countries that make up the bulk of my collection are the US and Mexico and let me tell you, both have a wonderful and fabulous history of beautiful silver coins and to see some of the stuff that both mints are churning out nowadays makes me sad to say the least. Thank goodness for ASE's and Libertads. Edited by 8 RÅL
08/11/2010 12:09 am
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Valued Member
United States
102 Posts |
Well I collect those modern day coins, but I wouldn't buy the ones that are slabbed and graded which cost 10x times more. My budget is low so I just collect whatever I can find.
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Bedrock of the Community
United States
17884 Posts |
Quote:
I agree with that! I love silver coins! They look so much sharper than the junk coins produced today. The reason is that the silver is softer and the mintages were lower so the coins were struck slower. This allowed for higher relief and better strikes which in turn allowed for more detailed designs. |
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New Member
 United States
22 Posts |
Seal...What is wrong with collecting these high quality moderns?
I'll tell why...b/c when the hype is over these modern coins will be worthless,in fact they are worthless today it's just that newbies don't realize yet.
Edited by Dancing Fire
08/12/2010 02:42 am
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Pillar of the Community
United States
1915 Posts |
An item is only worthless if there is no demand. If you are collecting for investment purposes, then yes, the modern issues might not be your thing. Evey coin made was "modern" at one time. Yes, there are zillions of the modern day coinage, but look at the LMC, look at how enviromentally fragile they are. To find one in pristine condition is very hard indeed. If you find one and can preserve it, it only stands to reason the price will go up. But hey, I need folks like yourself to keep the mindset you have. That way I can buy a 1960 Small Date Lincoln Proof for only $1.25 out of a show dealer's "junk" bin, then turn around and sell it on ebay for $15. To each his own in this hobby. If we all collected the same thing, none of us would be able to afford any of it. |
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Valued Member
Canada
307 Posts |
Quote:
yesterday I went to a small coin show and when I look down into one of the dealer's show case and all she had was modern day MS/PR69-70 coins for sale. I just stand there shaking my head as she was trying to convince her customer how rare these coins are. this is too true....I was looking through the listings on ebay and noticed many "rare" coins for sale and amny obviously over graded coins and all the sellers had 99% or 100% I too shook my head an wondered how ahhhh the good old days....most of the time anyway |
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New Member
United States
22 Posts |
Seal...Evey coin made was "modern" at one time.
true,butttt they were not selling for "GODZILLA" prices back then.a nice silver dollar probably sold for $1.30 .unlike today's so call "rare coins MS/PR70" that was made yesterday selling for million X over face value.
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Valued Member
United States
258 Posts |
As much as I hate the thought slabbed coins are becoming the norm in the coin business. Raw coins are treated as "junk" and usually will sell at a steep discount to book value. High quality slabbed coins are the opposite. They bring the premiums. Part of the problem is that too many people who collect coins do not know how to grade. Therefore they trust in the third party graders to do it for them. The price being paid for these slabbed coins also includes the price of the plastic holders and the time of two or more professional graders giving their opinion. Additionally if you have graded coins you now have "bragging rights" by being able to show friends, family and of course the world in general what neat coins you have. The registry program is another benefit of having slabbed coins. You can now compete with other collectors. Personally I prefer to build nice sets using my own experience in buying raw coins and grading them myself. After another 25 years I may take the finest examples I have acquired in my lifetime and spend the money on grading them but that remains to be seen. It is a fact that customers want to "know" what they are buying because it is so much easier to let someone else do the work for them. This is why inferior coins can be sold at inflated prices based on inflated grading. I preach BUY THE COIN, NOT THE CONTAINER but that does not change the fact that a lot of folks still buy plastic holders instead of beautiful coins. As far as modern coins are concerned there are some "rarities" and I use that term loosely. Kennedy half dollars are a good example as the more modern pieces are limited to a few million or less and the silver proofs usually have less than a million. This limits the amount of complete sets that can be built. Commemorative half dollars are another example. For those of you investing in modern coins for the long haul concentrate on the lower mintage stuff after you have built a few sets for yourself and your heirs. As for the coins that grade ms or proof 70 by pcgs or ngc these truly are rare so the prices paid for these coins reflect this. Many things have to go "perfect" in order for a coin to avoid damage and look superb. This is fairly easy for modern proof coins though. The method of production for circulating coins on the other hand prevents almost all coins from ever reaching the grade of mint state 68 or better. This is why we call it "cherrypicking". Only by looking at tens of thousands (not kidding here) of coins can you begin to really identify the little "extras" that seperate trash from treasure. Remember the other rule I preach. BUY QUALITY, NOT QUANTITY. Sincerely, John Leckrone Edited by 925dealer
08/13/2010 04:41 am
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Posted 08/10/2010 12:30 pm
