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Replies: 16 / Views: 2,491 |
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Valued Member
United States
114 Posts |
I am primarily a classics collector, focusing on Three Cent Nickel Proofs in 65 or better. I also have avg circ collection of Lincoln cents and IHcs. My question is, are there any coins from this current year or 2012 that will become a key date in the future. Or even better, are there coins right now that have a huge potential to skyrocket in value. I'm working on a somewhat restricted budget so nothing super expensive, but just as a curiosity. Small answers to detailed analyses encouraged:
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Moderator
 United States
23522 Posts |
I don't know about the last two years, but I'm a closet fan of Mint State Sacagaweas from 2003-2008 (especially 2008); you'll find their mintages well under 4 million each and the 2008 less than 2 million each from Philly and Denver. Make a few of those in higher MS grades and I think you've got a real future mover. Proofs are common and cheap, though. Very few other Modern issues were not minted in quantities far exceeding the entire production of many Classics. Also: http://www.pcgs.com/top100/details.aspx
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Valued Member
United States
280 Posts |
The year that will someday become a key date is 2009. The mint only made about 10% of the number of coins made previous years, not to mention the Lincoln's Life pennies. I've been looking for a while, and I found my first 2009 dime just the other day. They are getting hard to find even now, so hoard all you can! Happy Hunting!
Edited by jlgaudlitz95 03/07/2013 12:11 am
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Moderator
 United States
23522 Posts |
Truth, but all the same that "low" mintage of 2009 dimes exceeded that of all Dimes minted before 1892 combined.
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Pillar of the Community
Russian Federation
5172 Posts |
If they actually ramp up the dollar coin production in 2013 as it was recently proposed, the 2012 dollars could end up as keys to their respective series. It's, of course, all relative though; the 2012-D Chester Arthur dollar has a mintage of 2.8 million, and the 2012 Sacagaweas aren't even the lowest mintage in the series (that would be 2008). Of course, all golden dollars except possibly the earliest ones are for a long time going to be rare in lowball grades (i.e. Fine and under). They barely circulate after all 
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Valued Member
 United States
114 Posts |
Hm. I'm against the 09's just because they are kind of known as key dates. However, one thing about larger mintages: as large as the mintage is in 2009 relative to other classic issues, we do have a larger population which means more coins are flawed. Are the Sacagaweas NIFC? Also, elaborate by "mover". Do you mean that they have potential to grow, even in highly saved numbers. Today wasnt like the 1900s:Every semi low mintage coin is hoarded to kingdom come, which makes it easy to obtain and relatively inexpensive, which by the way is a good case against the 1950-D Nickel in any grades lower than MS66-67.
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Bedrock of the Community
United States
36710 Posts |
S Mint circulation strike ATB Quarters are another low mintage coin. They may be readily available for some time into the future, but if demand is higher than supply, the price has to rise. A coin might have 2 million mintage, but if you have 5 million collectors that want that coin, price has to rise because there aren't enough for everyone.
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Valued Member
 United States
114 Posts |
I was thinking about those. I'm not going to buy the 2012 ones considering their insane premium on ebay. However I might go for a bag of each design.. But again they are NIFC so there will be many in great grades.
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Pillar of the Community
United States
1081 Posts |
Are you looking for the next 1877 IHC? 1909sVDB? 1916 SLQ? etc. Because if you are, I don't think you are going to find it. If there was a readily available modern coin that had big potential to be very valuable down the road, people would hoard it making it not so valuable. i.e. the coins you pointed out. Given the modern mintages, I believe we are past the era for "key dates" equivalent to the widely known classics. I believe the focus with modern coins will be on the highest grade you can find, i.e. the 1983 Quarter.(except for coins like the 2011 25th Anniversary ASE set, which immediately jumped in price due to collector demand and the mint's short sightedness on mintage figures). I would recommend that you collect what you like and not worry about the investment aspect. There are much better investments than coins.
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Bedrock of the Community
13014 Posts |
Quote:
The year that will someday become a key date is 2009. I know a lot of people feel this way, personally I think the exact opposite will happen. I say this just because mintage isn't always everything, its about how many survive in great shape. So many people feel these will be keys that the vast majority will survive in great condition from being hoarded. 200 years from now that could change but I just dont see it happening in the life time of anyone alive today imo
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Bedrock of the Community
United States
10034 Posts |
The JFK silver proof is a record low mintage. The only one that beats it is the SMS 1998-S Matte Proof.
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Moderator
 United States
23522 Posts |
Quote: Do you mean that they have potential to grow, even in highly saved numbers. That would be my normal context for such a statement, but something's different with these: They're not being saved. Comparatively speaking, nobody collects Sacagaweas. Heck, nobody spends them, either. They're more popular circulating in South America than they are in the US. All the same, you're going to see inflated prices from the usual outlets for them - some late-00's rolls are going for $100 and more. For a coin which you can still get from banks at face value. The timeframe on this is not even "mid-term," though. As young as you are, this is still something you do now and hold for half a century. That's the way you make a fortune on collectible coins.
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Bedrock of the Community
United States
20753 Posts |
I'm guessing by key dates you mean like the 16D, 21, 21D, Mercury dimes, for example. Or the 1909S VDB, 14D, etc. Lincoln Cent. Coins that are necessary to fill an Album and are rather on the difficult to find kind. My opinion to that is NO. The quantity of almost all coins minted lately are rather excessive to ever be considered a Key Date coin. Yes some may grow to fame a bit like the 2009 series, but none will ever be a Key Dated coin. Yes there are those that discuss the errors, odd balls, etc. but with some exceptions, most never make a slot in Albums. Naturally there are those dumb exceptions like the 22 plain Cent, 55 Doubled Die, etc. that for some reason Album manuafacturers think we need to complete a series. Again, for the most part I don't forsee any moder coins ever being considered a Key Date. One exception might be the 1964 Nickel. So many people are sick and tired of them everywhere, someone may start a massive melt down of those.  
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Valued Member
 United States
114 Posts |
So is it worth it to pick up some MS66-67 SACs or just hoard the later dates from banks and get the best ones graded?
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Bedrock of the Community
United States
20753 Posts |
Quote: So is it worth it to pick up some MS66-67 SACs or just hoard the later dates from banks and get the best ones graded? Depends. Are you willing to wait a few hundred years to see how they go up or down in value. 
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Valued Member
 United States
114 Posts |
Willing to wait 10 years.. What should I do? obviously the economical decision is to hoard them from bank rolls til kingdom come, but are a whole bunch of Au55-MS63s from bankrolls (plus all the time that takes) really better than a couple of Premium Quality Examples?
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Replies: 16 / Views: 2,491 |