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Replies: 19 / Views: 2,347 |
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Valued Member
United States
63 Posts |
What modern coin series do you think is a real darkhorse? Something that may be considered very valuable, say, 100 years from now? My choice would be the Susie B. Why? Well in my opinion, which doesn't mean much, especially to my wife  , I think its a very unappreciated coin today. It was largely rejected by the public because if its likeness to the quarter in size, has a picture of an old lady on it (no offense to SBA herself) instead of our lovely lady liberty, was a clad dollar instead of silver, and had a repeat reverse of the previous dollar coin aka "Ike". I enjoyed them as a kid because they were new and different, but from what I can gather now that I'm an adult, they were largely rejected by the coin community as well. Anyhow, I think that SBA has some real potential in the future. Why? Well, even though it was minted in super large quantities in 79, compared to todays standards the other years were realatively low, there is some nice variaty in the series, including the wide rim and the type 2 proofs, and when it is all said an done, it was only minted in 4 different years, even though it was America's modern dollar coin for 21 years. That's why I think the Susie B. has potential. What modern coin series do you think has potential down the road? What are they making yesterday and today that are really going to be exciting to collectors later?
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Pillar of the Community
Australia
3831 Posts |
You know, if it takes one hundred years to make odd US denomination coins to be popular such as the 2, 3 and 20 cents, what are the chances of a modern coin that is severely disliked by the public to be popular in your lifetime? Unless something happens, it's difficult to say so.
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New Member
United States
40 Posts |
In my opinion, SBA's are definitely a stagnant piece of the market, and it will take many years before they are worth something
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Bedrock of the Community
United States
12437 Posts |
quote: That's why I think the Susie B. has potential
Possibly so, but I would see the fully struck specimens to be the most sought after. Look at a pile of SBAs and try to find a few with fully separated and rounded talons on the eagle- it is quite difficult.
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Valued Member
United States
138 Posts |
Hmm, interesting thought. If you recall, Morgan dollars were somewhat scorned and unpopular to collect for many years. That being said, I find it hard to think that anything we see today will be popular or valuable 100 years from now for a couple reasons: 1. There are just too many to be valuable. Just think of all the rolls of State Quarters, nickels, cents, dollars, etc that are now tucked away 2. 100 years from now, when everything is done with plastic I seriously wonder if there will be coin collectors 3. Designs today are somewhat blah compared to earlier designs. For example, while I think it is fitting to honor certain presidents and others on our coins, a portrait of Franklin, Lincoln, Washington, etc just to not compare to a Walking Liberty half or Standing Liberty quarter. Also, there is the allure of the old west that keeps people going to Indian Head cents, Buffalo nickels and Morgan dollarsThe only "valuable" modern coins might be error coins. Now if copper and nickel continue to rise and say in 10-20 years all coinage is in steel or something else, then maybe collectors at that time will get excited to find a clad coin because its metal content is more than face value, just like when we find a silver coin today.
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Member
United States
3242 Posts |
To me SBA are not the Dark horse the Kennedy's from 1964-1970 the silver half dollars are a forgotten coin. to find a 1965 ms-66 cameo is rare the SBA it very easy to Ultra Cam but the early Kennedy's 1964-70-D that is a hard and costly coin.and now 1992-2007 silver are going up faster than I thought. I waiting to see what 2008 with do?  But that my opinion,
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Pillar of the Community
United States
4867 Posts |
I say the Ike dollars. A relatively easy set to put together also.
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Moderator
 United States
187702 Posts |
Good points, MVC! I have given thought to number two. I believe that as long as there are coins, circulating or not, there will always be coins collectors. I would add a part "b" to number one, mentioning the lack of precious metals in modern coins. Now that is said... I vote for the Eisenhower dollar because I am biased towards that series, and I know I am not alone here! (EDIT: nds76 beat me to the punch, he posted as I was typing this response!) The Eisenhower had a short run; but with some silver thrown in, and a few types and varieties to make for happy hunting, it is gaining popularity. I think it is easy to add the Ike to Dorion's choice because the dollar coins, big or small, were killed by the dollar bill. They did not really circulate in the first place, flying below the radar of many future collectors. One might even be inclined to add the Sacagawea and Presidential dollars to the list.
Edited by jbuck 03/27/2008 11:33 am
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Valued Member
United States
138 Posts |
Hi jbuck, let me rephrase #2. I do think there will be collectors 100 years from now, but I wonder how many. I say that because when I was a kid, you could at least find wheats and a few silvers in circulation, which for a kid was fun. the key to future collectors is getting kids in the hobby and with all the options kids have today, how many will enter the hobby? There is an inconsistency in today's environment. We are moving towards a cashless society, yet the Mint produces billions more coins per year then 50 years ago so I have not yet figured that out. Most folks began collecting cents. When those go away, will kids collect nickels or dimes? Not sure of the answer to that. I just think there will be less and less interest in the hobby as years go on. I hope I am wrong
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Pillar of the Community
United States
2270 Posts |
I started hoarding clad quarters in 1972 when I heard the FED would start rotating their stocks of coins so everything would become worn in time. I knew that no one was collecting these coins but figured who'd want to collect ugly debased junk and "investing" in it was a fool's bet if the FED was always going to have pallets of brand new or slightly used coins sitting in warehouses.
By 1976 I started collecting these. They were far more interesting than my earlier estimates had been. There were lots of really neat varieties and gems were often quite rare. Over the years I'd discover one rarity after another but no one was ever impressed. I'd always hear the same thing; what does it matter if they are rare if no one ever collects them.
Guess what? I guess it has sneaked up on everyone but there are people collecting these now. Most write off the high prices as "registry madness" but that overlooks the fact that the prices went up before the registry started. It also overlooks the fact that many of these that aren't involved in the registry have high prices. I'll bet there are no MS-64 '83-Ps in the registry but go out and try to find one of these. It won't be easy and it won't be cheap.
Yeah, there are only a couple thousand collectors of these coins but it goes up every year. More importantly, perhaps, these couple thousand collectors learn something new every day. I know I do.
It seems that so long as so few are interested that the future looks quite rosy.
Sure, I know there are many thousands (even tens of thousands) of mostly newbies collecting these coins from circulation and I hardly mean to demean their efforts. Some of the coins they are finding are already important and more will be important in the future. But they aren't putting any pressure on prices or affecting supply and demand unless they are in the market. But here too is an inkling of what the future might hold. These collectors will be doing some upgrading. How many will want to have some of their coins in unc? How many will want to acquire the varieties and gems?
The real darkhorse is probably the dimes since these are terra incognita. But I don't believe any of the dimes are especially scarce so it's just a matter of finding the gems and varieties. Obviously there are the known scarcities like the '65 silvers, '68 & '75 No-S, and the '82- NMM.
Time don't fly, it bounds and leaps.
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Moderator
 United States
187702 Posts |
quote: Hi jbuck, let me rephrase #2. I do think there will be collectors 100 years from now, but I wonder how many. I say that because when I was a kid, you could at least find wheats and a few silvers in circulation, which for a kid was fun.
I most definitely agree! The fact that coins circulate and are collectible from circulation has a big impact on bringing new recruits to the hobby. I have gotten some good dates from circulation as well. All but a few of my Jefferson nickels (not including proofs, of course) were pulled from circulation. quote: the key to future collectors is getting kids in the hobby
I was brought into the hobby because my dad gave me two Eisenhower dollars; I had never seen them before and they got me interested because I wanted to know why!  quote: The real darkhorse is probably the dimes since these are terra incognita.
Now that is something to consider! I am not FDR's biggest fan (nor his biggest detractor), but I have always liked the FDR Dime for some reason.
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Bedrock of the Community
United States
20753 Posts |
My predictions is that our Mint will begin producing coins in all denominations with just about every thing possible on them. These massive weird coins will be in denominations of .01, .02, .03, .04, .05, etc., etc., etc. The cost of porducing them is irrelevant as it is now. One some there will be movie stars, some all types of political people, sporting events and players, some with cars and/or motorcycles, some with sceenery (already have some), and just lots and lost more. Coin collecting will be about as popular in 100 years as stamp collecting, Beanie Babies, Baseball/Football cards are today. And maybe worse. The USMint is well on their way to doing this now with President Dollars, their wives, Commemoratives of everything except the kitchen sink (so far). Myself I've started to hoard Buggy Whips. With the prices of gasolene, I think the horse and buggy will soon return.
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New Member
United States
22 Posts |
hmmmmmm... a marilyn monroe eagle
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Pillar of the Community
United States
2602 Posts |
Well, I think Jefferson nickels are undervalued. Just look at all the coins in the Jefferson nickel thread ( https://goccf.com/t/24785) being looked through and still they are having trouble finding 8-9 coins. There are maybe 5 keys and a total of 6-7 keys/semi-keys. I don't think the clad dimes, modern Lincoln Memorial Cents, or clad quarters will take off any time in the next 20 years and maybe not even in 40-50 years (except for the higest grades). There were just far too many made- unless there is a great big melt in the future due to us moving away from coins and to a completely cashless society (which is very likely). JFK halves might show some upward momentum due to some tougher dates with lower mintages (78, 78D, 79D, 82P, 82D, 99P &D, 2002-present). But the thing that holds it back is demand. Look at Franklin halves. Until just recently, you could buy a complete set for buillion or maybe 5% above buillion, despite a lot of low mintage coins in the series. Demand for Franklins seems to have been low until recently, despite low mintages (lower than JFKs). Your talking 45 or more years later and finally starting to see some upward momentum, (most of it may be related to silver, but some of it appears to be non-silver related). IKES, SAC and SBA- made way too many business strikes, except some of the more recent SAC- low mintage. But might be 15-20 years (or more) before the SAC takes off. I, too am concerned that the bottom could drop out of the bull coin market in the long-term. Silver and gold probably will come down from their mighty levels, and more of the society will be cashless. Younger generation will rarely even see coins, let alone want to collect them. What this could mean is that 25 years from now, your collection could very well be worth less than it is now, because demand may tumble. I do hope I am wrong. I collect for fun, not to invest, because as an investment, coins sometimes don't even keep with inflation. Example: You can buy a circulated Seated Liberty dime from the 1850s for under 8 bucks, $1.15 of which is for the silver buillion ($6.85 for numismatic value). That means in 150 years, the coin has risen 68.5-fold in value. Inflation from just 1913 is 1,929%. This means 38-fold increase and 10 cents in 1913 costs 380 cents today. I can't find 1850-1913 data, but surely there was another 100% inflation during that time. Usually there is at least 100% inflation for every 25-30 years.
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Pillar of the Community
United States
651 Posts |
If I had to play a Darkhorse (or is it horses?) there's a few I'd bet on given a 100 year time span:
I'd start with Silver coinage from the 1950's in mint state (dimes, quarters, & halves). I agree with amac44. High grade early Kennedy's would be my second stop. My third and final stop would be Ikes but only in MS65 or higher.
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Rest in Peace
United States
3730 Posts |
High Grade Kennedys.
I think they are beautiful coins, and will be valued and appreciated in the future.
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Replies: 19 / Views: 2,347 |
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