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Replies: 31 / Views: 4,255 |
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Valued Member
United States
337 Posts |
I must disagree. Modern coins may not have appeal because they are common and ordinary to us. However, I think that the Presidential dollars, Sacagawea/Native American Dollars, State/Territory Quarters, and the America the Beautiful sets are all very useful. Kids get to learn about America while they collect. Adults can also learn a thing or two about our country. For example, one recent fact I told my family was how the JFK assassination prompted the change from the Ben Franklin half dollar to the modern Kennedy half dollar. From there we discussed the Presidential Seal reverse and the conversation took off from there. Remember, a coin can be so much more than simple currency.
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Bedrock of the Community
Australia
21788 Posts |
I don't collect NCLT. The main reason is that their scarcity, and therefore pricing, is controlled by the Mint. Pricewise, there is usually not much room to move in the aftermarket for NCLT; the mints have taken most of the profits to be made in their initial sale. Nevertheless, I still get the best example I can of every design, that I find from circulation. The cost for these is face value.
My favourite coins are way older than 1964. My main numismatic love is for ancients, but I am always on the lookout for any nice World coin from ancient to modern, up until about 1964.
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Moderator
 United States
16679 Posts |
I don't do modern. Can't force myself to like it.
swcoin.ecrater.com
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Pillar of the Community
United States
2273 Posts |
Quote: I wonder what the Swiss think - their 5, 10 and 20 rappen have had the same design since 1879 (though the 5r had a colour change in 1981) and the 1/2, 1 and 2 francs have had the same design since 1875 (with a metal change in 1968). As for the 5F, it was first issued with the current design in 1922 although not reduced to the present size until 1932 and not issued in cupro-nickel until 1968. There have been subtle variations, such as a change from coin to medal alignment on the higher values and a change in the number of stars to reflect the number of cantons. But basically most Swiss coins still bear the same designs as in the 1870s! Exactly. The interesting thing is that thwe Swiss and other Europeans only collect the silver coins and cut off right at 1968 when the coins were debased. Some of the cu/ ni are far scarcer than the silver but sell for peanuts while the silver goes for moon money. Most people hate moderns because they aren't silver and for no other reason. People never saved the moderns so they tend to be far scarcer.
Time don't fly, it bounds and leaps.
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Valued Member
United States
477 Posts |
While like most everybody I like the older coins too but my fancy is for AU+ or better and my budget really doesn't allow me to purchase the classics in that grade. Other than a roll or two of common Morgs and Peace dollars in BU most of my coins are modern silver proofs or silver UNCs. I've been doing fairly well getting these modern proofs off ebay for exceptional prices. While most coins sell above their worth the careful, patient eBayer can score some nice modern silver coins for reasonable prices, including many silver State Quarters for around $6 or less and graded/slabbed modern proofs very reasonable as well. Rick
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Pillar of the Community
United States
927 Posts |
A couple people said that today's modern will be tomorrow's classics. This will only be true if they change the designs. If we stick with the same boring designs, especially the dime and half dollar, they will not become classics because they are still current. I am not saying the dime and half dollar are worse than the others. They have not changed for too many years and it is time for a change. I would certainly favor changing all the coins to different Liberty designs (not reusing old designs).
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Bedrock of the Community
United States
17884 Posts |
Quote: I bet in the old days collectors said the same about the coins that were common in their era They did. Ever here the expression "familiarity breeds contempt."?
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Valued Member
 United States
461 Posts |
They have to actually have to change the designs for these designs to becomes someones elses classic coins and I doubt they will ever do that.
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Rest in Peace
United States
3039 Posts |
I think slabbed modern bullion coins are a joke. Just a cash cow for the world's largest coin dealer and the TPGs. JMHO
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Bedrock of the Community
Canada
11922 Posts |
I like all styles of coins, modern or classic.
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Valued Member
 United States
461 Posts |
Oh I totally agree about slabbed modern bullion. The minting process is so good now days that almost all bullion whether it be eagles or commemoratives is going to be at least a 67 if not a 69 or 70 straight from the mint. So paying third parties to tell you hey your coin is marginally better than the next one is absurd. Then trying to sell that coin at a premium when you get a marginally better grade is just insanity. I won't buy graded modern coins and I skip right over them when I am surfing ebay.
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Rest in Peace
United States
3039 Posts |
I totally agree sirdizzy. I don't know why these modern bullion coins even have a denomination. Maybe the feeling is that some confused citizen, senior or other, will spend them and someone will make a nice score.
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Bedrock of the Community
United States
17884 Posts |
Quote: I don't know why these modern bullion coins even have a denomination. Because without a denomination a great many coin collectors would not consider them coins and they lose a lot of interest in them. When that happens sales suffer greatly. The government tried that with the 1/2 oz and 1 oz gold art medallions 1980 to 84. They were specifically issued to answer Americans demand for the Khuggerand. "If you want a 1 oz gold piece, instead of buying a South African Krand, you can buy a 1 oz US medallion." Sales of the medallion were pathetic which the Krand remanded very popular. Why? Because the South African pice was a COIN (even with a "fictional" denomination, while the US piece was just a"medal". Coin collectors want coins.
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Rest in Peace
United States
3039 Posts |
Thanks Condor101, I knew it was something like that. I was just trying to be fussy.
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Valued Member
United States
477 Posts |
In Florida we don't have to pay sales tax on US currency so having them marked with a denomination helps there. Now someone just needs to inform Gainesville Coins of that rule.
Rick
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Replies: 31 / Views: 4,255 |