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 Replies: 8 / Views: 1,526 |
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Pillar of the Community
United States
3283 Posts |
I've always obtained yearly proof sets to cover my modern coinage, but of course proof and BS strikes are not the same.
Am I going to wish I put together Business Strike sets of modern dollars or do you thing my idea of getting all the proof sets is adequate.
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Pillar of the Community
United States
1302 Posts |
you can't account for hoarders, of which there are quite a few, especially of modern dollars as the mint directly sells rolls of them to collectors. that said, a majority of business strike coins will be used in commerce and therefore the attrition rate of these coins will be higher than proofs. Proof coins never circulate and therefore will never be rare at modern production levels. If you look back through history, there are few sets since 1950 that have appreciated a significant increase in value.
The golden dollar coins are highly tarnishable, so the long term potential for brilliant uncirculated coins surviving is in doubt. I for one do not think coins are a good investment, typically, as it makes for a better hobby than a portfolio builder, but if you asked my opinion what there would be fewer of in 50 years, I'd say BU dollars.
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Pillar of the Community
United States
1817 Posts |
If you can get nice untarnished specimens at face, they would be worth saving, IMO, as cc99999 has a point about these coins easily tarnishing. The future BU coins that might be sought after would probably be the 2009 through 2011 runs as there were fewer of these made per president than the first two years. From this year's coins going forward, the survival rate of pristine coins is going to be pretty high as it is mostly going to collectors at a premium. If this is not a series you don't really enjoy, then your proofs should suffice. I generally get a proof set and a mint each year for the express purpose of filling my Danscos.
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Valued Member
United States
253 Posts |
I would suggest that you also get the annual US Mint Uncirculated sets which also include the golden (Native American & Presidential) dollars. They are well packaged, so they should not tarnish as readily with age and that way you will have a complete set. You may also want to purchase the Presidential Uncirculated Sets. While it duplicates the Presidential dollars in the full Uncirculated sets, they are packaged differently and should retain some value being a US Mint product. |
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Valued Member
United States
240 Posts |
All current pennies tarnish easily and I think there will be a market later on for non tarnished 2011 zlincons
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Valued Member
United States
271 Posts |
I agree with the above. I believe all the modern coins that tarnish and waste away easily will be collectable in BU condition in the future. The six million dollar question will be how far into the future you will have to wait to see that premium. The zinc cents waste away very quickly, 2009 and newer seem to waste away even faster than the middle 80's cents. I'll guess we'll see BU examples grow in value significantly in about 20-30 years. This is fine with me. I don't collect as a personal investment. I do it to have something to pass to my son someday.
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Bedrock of the Community
United States
20753 Posts |
I get Proof and Uncirc sets every year and have been for a long, long time. I hate those baby dollar coins and would never suggest anyone make a collection of those. Many do and good for them, but I highly doubt they will ever be worth saving. Sort of like the Bicentennial Quarters.
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Pillar of the Community
Canada
3692 Posts |
Evaulate your motives. It is for profit or for pure interest?
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Pillar of the Community
United States
6326 Posts |
 Quote:
Should I be collecting modern dollars? If you want to collect them because of your interest/desire in them.....by all means, it's what the hobby is all about. However, if you're wanting them for a "future investment" or to sell off and take the family on a Hawaiian vacation someday....... then no. .....  |
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Replies: 8 / Views: 1,526 |
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Posted 01/14/2012 10:38 am
