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 Replies: 30 / Views: 2,399 |
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Pillar of the Community
United States
6326 Posts |
I'm curious about how many people will/do buy new Modern coins. And what everyone thinks about the future value behind them.....near and distant. Does anyone order new Sacajewea rolls each year ? Does anyone order new Kennedy half dollars from the Mint each year ? How about uncirc. quarter rolls ? (now the final year) I figure many more people order the SAE's (future values of these ?) Commerative dollars.......future values to these ? How about some predictions and ideas on what would be some good coins to get ? Since last year, I've been getting the Sac's and Kennedys each year from the Mint, of course at their "marked up" prices and I'm not sure how smart this is. I'd like everyone who's interested in Moderns to "wade in" and give their take.......maybe some new ideas or advice on what to hoard or not to hoard ! Thanks !   Edited by eaglefoot
02/08/2008 3:49 pm
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Pillar of the Community
United States
2270 Posts |
New coins are getting a lot more attention than they have since the early 1960's. This means a lot fewer are going to be overlooked.
There are still opportunities though. New gold is being melted and silver may not be far behind. Also the dimes and smaller coins are not available from the mint AT ALL anymore except in satin finish. They may be getting overlooked. "97-D nickel rolls are going for close to $50 so you know everything isn't being set aside. Even the quarters may have some issues being overlooked. People get the idea to save low mintages and then no one saves the high ones.
We'll have to see as time goes by.
Time don't fly, it bounds and leaps.
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Valued Member
United States
473 Posts |
I picked up my Kennedys and Sackies off ebay. I have no need for a full roll or a bag of them--I just want one of each to plug into my books. I'm not a fan of coins that are "Not Intended For Circulation" (i.e. modern halves/sacs, proofs, ASE, etc etc) as I feel it completely defeats the purpuse of collecting something that is marketed as collectable. The only reason I feel for the Sacs and Kennedys is that I feel in 50 years or so my collection will look a little retarded with the missing years. IDK, just my two lincolns --Gary |
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Moderator
 United States
23522 Posts |
Caveat: I am uninterested in Moderns, so take my words with a grain of salt.
The value of a coin is vested in two characteristics: Rarity, and Popularity. The one can offset a lack in the other; 1909-SVDB Lincolns are not all that rare (484,000 minted), but command a high premium due to their great popularity among collectors. A truly rare coin will always be of high value, relatively speaking, because their numbers do not reach market demand for them. There are exceptions - in my opinion, 2 Cents and 3 Cent Nickels are nowhere near the value they should have due to rarity; expect that to change in the future.
Modern coins have great popularity, but no rarity. They're being minted in droves. Only the great number of interested collectors keeps values up. This, I feel, is a bubble. Many now frothing at the mouth to obtain mint issues will tire of the new habit soon; they're in it because it's popular, not because they're committed to numismatics. When they tire, the bottom will drop out of the market.
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Pillar of the Community
United States
1490 Posts |
 If your looking for price appreciation I don't think modern coinage is the place to be. Having said that I keep up with the quarters, prez dollars and even bought a new 2008 Bald Eagle Commemorative. I collect these for the fun of it not for their potential price appreciation one day. Now there are most certainly opportunities for price appreciation in moderns. The 1995-W Proof ASE comes to mind. But again this particular issue has a low mintage. I also think the Jefferson Spouse Gold will see price appreciation because it used the draped bust liberty figure which is very popular. So there are opportunities out there but again it comes down to rarity and popularity. Edited by JimR
02/07/2008 7:45 pm
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Valued Member
United States
168 Posts |
i disagree with the bottom dropping out of the market...predicting the future of future coins is just that--simple predictions.
i see the market as wide open with positive horizons--there will always be highs and lows, but I tend to believe the value of the coins will increase, but maybe not at the same maturation rate as say some of the more older pieces.
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Valued Member
United States
82 Posts |
I don't care that much if the "bottom drops out" of moderns. I collect one example of each mint and year if I like the series. I like the Sacagawea's and if you think about, they really do have a relatively low mintage compared with other modern issues. But I like Jefferson's too and they are not rare. I say who cares if something gains or loses value. I am in it mostly because I like to collect all kinds of coins; Old, new, ugly, pretty, worn, shiny. Every coin has character. You could say that the shiny modern coin has little character, but I would prefer to think they have a young character that will grow depth with age! Today's Sacs and State Quarters will be tomorrow's Barber's and Morgans. |
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Valued Member
United States
130 Posts |
I buy the Sac rolls, Kennedy half rolls, State Quarters rolls, Presidential dollar rolls plus the mint, proof and silver proof sets. I like the way they look and my kids can decide if they are worth anything or not. Anything else modern I buy is because it gets my attention. |
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Pillar of the Community
United States
2335 Posts |
I have to agree with SuperDave on this. I think the demand for moderns is being driven by people that are "investors" as opposed to "collectors". Sooner or later the "investors" will get out of the market, & prices will drop substantially.
I don't see any reason to avoid moderns if you are a collector & like them. I just wouldn't buy any on the secondary market, where the prices are inflated.
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Pillar of the Community
 United States
6326 Posts |
Well I think that the Sac's and Kennedys "DO" NOW HAVE LOW MINTAGES AND RARITY NOWADAYS ! Since they're not in circulation anymore !
Here's something to think about.......
Hasn't the population of the country generally reflected mint numbers ? For instance, the population 90 years ago compared to now has DOUBLED ! Are we to believe that the population will NOT double again in 90 years. We have 300 million people in this country now. The "projections" on future population for the USA is nearly A BILLION PEOPLE 100 YEARS from now ! Yeah that's right China has that (a little more) now and India a close second.
Well, these coins minted now will NOT be enough for a country with a population of a Billion people. And by enough, I mean "coin collectors", interest in these coins, demand, rarity..........ALL OF THESE WORDS COULD APPLY 100 YEARS FROM NOW ! You first have to get your brain around the 1 Billion people thing ! and then relate THAT to what's being minted and collected now.
With that population, there WILL be a MAGNANAMOUS AMOUNT MORE COIN COLLECTORS SEEKING ALL COINS !
Just something to ponder there ! Anyone else thought about things that way ??
Edited by eaglefoot
02/11/2008 08:44 am
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Valued Member
United States
473 Posts |
I tend to agree with you Eaglefoot. A coin with 1 million minted isn't all that special if only 500,000 people are collectors of that series. A coin with 1 million minted IS very special if 2 million people collect it. A coin ignored today do to large numbers minted will be sort out in the future by a much larger population (by default a larger collector base as well). That said, coins like the 1916D Merc Dime will increase much higher and faster in value as more and more collectors seek it out as the population expands. The way I see it, why not collect the moderns? To pull a set of Memorials from circulation will cost you less than 2 dollars. There's no need to buy a a 1968 MS Linocoln when you can still find them floating around in pocket change (I found one today in AU condition, just one small scratch away from MS) 50 years from now, it will be quite a find to get a 1968 in change...that'd being handed an Indian cent today. In 50 years, collectors will be paying a premium (albeit a small premium) for the very 1968 I have lying in front of me on my mouse pad. Don't look at it as "what do I have to win" look at it as "what do I have to lose?" --Gary Edited by GFR3
02/09/2008 10:00 pm
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Pillar of the Community
United States
591 Posts |
Well all coins started out modern. I'd hoard all I could if I had a place to put it and or could afford to sit on it for that matter. They may not be worth much now but what about for the future generations ?
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Pillar of the Community
United States
2270 Posts |
There are low mintage ultramoderns. There are the platinums witrh only a few thousand made and potentially high attrition. There are numerous scarce varieties like the 2000 Close AM cents or the up leaf 2002 WI quarters. Of course there are also scarcities like high grade circulation issue coins. A lot of people just don't fathom how tough such coins can be. The availability of coins in the future has very little bearing with the number that were made. Some coins like the '09-S VDB ould be scarce if not for the fact that most were set aside by collectors. Other coins like nice XF 1884 nickels or unc 1982-P nickels were not set aside and hence are pretty scarce. Don't get the idea that just because mintages are high that a coin must forever be common. Try finding a roll of 1997-D nickels or '84-D cents if you believe this is true. Try finfing a nice attractive '82-P quarter. Wait a few years and it's almost certain that many of the ultramodern and current coins will be scarce and highly sought after. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
6326 Posts |
Exactly ! Great examples Cladking & GFR3 ! Or even addressing the new Sac's and Kennedys that are NOT for circulation. 90 years from now when our 3 year olds are grampa's and grandma's and they have in their possession uncirculated rolls like that........makes you wonder ! Espicially when our population is then ONE BILLION PEOPLE ! Think of the percentage of coin collectors and the ULTRA ULTRA Modern coins now,that will be sought after then! At least the possibilites are exciting I think......right ?
Edited by eaglefoot
02/08/2008 4:41 pm
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Pillar of the Community
United States
1179 Posts |
My plan is to collect everything, that way it solves all of the above issues/concerns. :)
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Pillar of the Community
United States
628 Posts |
the TV coin ripoff shows say they are all worth a small fortune already.  Edited by m9frank
02/10/2008 09:28 am
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Replies: 30 / Views: 2,399 |
Posted 02/07/2008 6:41 pm
