Kennedys, Ikes, State, Modern, Worth?

I think they will have some sort of numanistic value, but those would probably be for the higher grade coins. As time goes by, they will increase in price. Also, people collect what they like, so it's possible that in 50 years from now the Ikes will be viewed as a classic with a beautiful design. Then those prices will go up. The actual mintage number of a coin doesn't mean it's going to be worth a lot. An 1880 Shield nickel with a mintage of only 16,000 is worth according to the 2008 RedBook is worth $3,800 in MS63. An 1872 silver 3 cent piece with a mintage of 1,000 is worth $1,400 in MS63. An 1893-S Morgan dollar with a mintage of 100,000 in MS63 is worth $135,000. Why? Supply and demand. There are more Morgan dollar collectors than silver 3 cent nickel and Shield nickel collectors combined (Well probably).

I know the point you guys are making. What I am thinking about is with the dealers grabbing these coins up by the thousands and selling them at a big premium I don't see how the value can go anywhere but down in the future. I am talking about State 25c, Sacs, Pres. dollars. Ikes and Kennedys that have been completely released from the mint are a different story. comments ?

Regards Tony

Yes that's what I am saying Bryan, I checked out your Type Set for the first time. Wow very impressive, not far to go either.

Tony

I think the reason that the modern market isn't in that must of a demand (now) is because people can't justify spending a lot of money on a coin that they can still find in their pocket change (not in ms of course).

"I think the reason that the modern market isn't in that must of a demand (now) is because people can't justify spending a lot of money on a coin that they can still find in their pocket change (not in ms of course)."

This may be a lot of the reason that people don't collect moderns but the result is that even the modern rarities tend to go begging. Scarce and rare coins won't be found in pocket change but the modern ones cost a small fraction of what comparable old coins do.

Actually modern coins ARE a fairly good market. It all depends on where you go, who you ask, the type your talking about, grades of coins. For example the market for IKE's is oddly very big for high grades. Check out https://www.jmscoins.com for an example. That guy specializes in high grade IKE's and some are well into the thousands. At coin shows many moderns go for extreamely high prices but again usually for the very high grades and slabbed. At these same coin shows I see people grabbing modern Washington quarter rolls as if they were Gold. One dealer goes to banks, buys rolls of Uncirc anything, puts each coin in a 2x2 and sells for massive profit and they do sell. One of the busiest tables there. Like I said it all depends on where you go, grades, etc.

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"An 1872 silver 3 cent piece with a mintage of 1,000 is worth $1,400 in MS63."

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Personally, I don't think you can go wrong with a low mintage if the price is currently favorable. If collecting habits change, the demand might change for that mintage, and what was a nice coin already could become valuable. Consider the 1856 PF-65 Flying Eagle cent which sold for $185 in 1950. Contrast that to the hordes of junk that is currently peddled as "collectable". I tend to target these low-mintage coins because of trends I've seen over time.

"Actually modern coins ARE a fairly good market. It all depends on where you go, who you ask, the type your talking about, grades of coins. For example the market for IKE's is oddly very big for high grades. Check out https://www.jmscoins.com for an example. That guy specializes in high grade IKE's and some are well into the thousands. At coin shows many moderns go for extreamely high prices but again usually for the very high grades and slabbed. At these same coin shows I see people grabbing modern Washington quarter rolls as if they were Gold. One dealer goes to banks, buys rolls of Uncirc anything, puts each coin in a 2x2 and sells for massive profit and they do sell. One of the busiest tables there. Like I said it all depends on where you go, grades, etc."


You're certainly right that some of the moderns in high grade trade at very high prices. I'm quite aware of the existence of these markets. But these prices are high because the coins are extremely elusive not because there is much demand. There are Morgans with graded populations approaching 10,000 but some of the Ikes are less than 100.

This doesn't mean that the Ikes are scarcer (they are) but it does show the relative interest in the coins. Ikes have to be in a grade where only a few hundred exist to even be worth the cost of grading! Morgans can be quite common and still warrant this expense.

The modern markets have achieved a lot of maturity in the last few years and there are increasing numbers of dealers trying to keep some in stock. Perhaps there will be so few Ikes and other moderns that more will just have to be graded. In a few cases this means some pretty low grade moderns will be appearing in slabs because there aren'y any more high grade ones. Try finding a nice choice '76-P tI Ike. All the high grades are slabbed and there aren't many that are truly choice.