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Questions For Collectors Of Modern Coins

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rbjr85's Avatar
United States
77 Posts
 Posted 04/19/2018  03:47 am Show Profile   Bookmark this topic Add rbjr85 to your friends list Get a Link to this Message Number of Subscribers
I guess these are sort of a devil's advocate questions. How do you respond to people who scoff at the idea of collecting modern coins and dismiss by saying something such as: "It's mass manufactured junk that caries neither the artistry nor the historical significance or rarity of classic coins and will show little to no appreciation in value."? (as if coins increasing in value are the only reason to collect them. [eye roll]) Or if you buy Mint sets of the current years' coins and someone says "Why would you spend extra money for coins you can find in new rolls from the bank?" How do you respond to those remarks?
Edited by rbjr85
04/19/2018 03:52 am
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/19/2018  04:30 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
With modern coins, I specialize in taking two of the best examples possible, of every type of coin issued for circulation. That means all definitives as well as comemoratives, in all denominations, in decimal currency, since 1966.
With Australian coins the size of the collection so far is over 100 types. A few NCLT in base metals as well, that should not have gotten into circulation.

It is a living and growing collection. All in at least MS60 condition.
All for face value.

I have not the slightest doubt, that over a period of decades, their value will increase at much faster than the inflation rate.
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Lionel90's Avatar
United States
392 Posts
 Posted 04/19/2018  05:40 am  Show Profile   Bookmark this reply Add Lionel90 to your friends list Get a Link to this Reply
I enjoy the search for the higher quality modern coins and it doesn't cost me much money to do it. So I wonder if it's my version of games that other people play on their phones or puzzles they work in the paper. It's engaging and fun for me. For that reason I don't care what other people say. I like my game.
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moxking's Avatar
United States
17900 Posts
 Posted 04/19/2018  09:20 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
A hobby should be enjoyable by your own definition.

We are fortunate to have never ending genres within our fields to offer fun, excitement, and accomplishment. Ancient, medieval, world, crowns, proof and mint sets, commemoratives, tokens of a thousand types, bank notes, and the list goes on forever.

We are fortunate in this forum to accept all those possibilities as "legitimate".

Those who express their "superiority" in their collection type usually express that same opinion in many parts of their life.

If they stay here long enough many will be converted to happy campers that lose the need for such division.
Bedrock of the Community
United States
20753 Posts
 Posted 04/19/2018  09:50 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
A hobby should be enjoyable by your own definition.

Exactly what I was going to say.
This is a hobby. Simple and just that, a hobby. I'm not even sure why anyone would comment on someone's hobby. What about those that collect beer cans, Beanie Babies, Hot Wheel cars, Stamps, Barbie dolls and on and on and on. What about the people that collect rocks? A hobby is just that, a hobby. Next time someone makes such stupid comments, just walk away. Can't argue with someone with a monkey's mentality.
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jbuck's Avatar
United States
187702 Posts
 Posted 04/19/2018  10:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
A hobby should be enjoyable by your own definition.
Agreed.

Haters gonna hate. Just do you own thing and enjoy it.
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chafemasterj's Avatar
United States
6514 Posts
 Posted 04/19/2018  10:45 am  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
with Moxking, Just Carl and Jbuck.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
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srcliff's Avatar
United States
453 Posts
 Posted 04/19/2018  11:07 am  Show Profile   Bookmark this reply Add srcliff to your friends list Get a Link to this Reply
It's sort of like the classic vs modern car debate. Personally I like them both they are just different!
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Crazyb0's Avatar
10197 Posts
 Posted 04/19/2018  11:10 am  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply

Quote:
Can't argue with someone with a monkey's mentality.


That's kinda across the board on any topic of conversation!
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Conder101's Avatar
United States
17884 Posts
 Posted 04/19/2018  11:11 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
"It's mass manufactured junk that caries neither the artistry nor the historical significance or rarity of classic coins and will show little to no appreciation in value."?


I collect for the fun of it, I don't care if the value goes up or down.


Quote:
"Why would you spend extra money for coins you can find in new rolls from the bank?"


Because the coins I get in the mint are much more likely to be higher quality than the ones that I can find at the bank. And I'm willing to pay the extra to save the time searching for something I'm not likely to find.
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cladking's Avatar
United States
2270 Posts
 Posted 04/19/2018  1:42 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
People should collect what they want to collect regardless of the potential for increasing or decreasing value.

People should be aware that all moderns aren't as "common as dirt" as modern bashers would have us believe. And they are getting scarcer every day because so few people are collecting them.
Time don't fly, it bounds and leaps.
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jbuck's Avatar
United States
187702 Posts
 Posted 04/19/2018  3:16 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
People should be aware that all moderns aren't as "common as dirt" as modern bashers would have us believe. And they are getting scarcer every day because so few people are collecting them.
Important note.
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paxbrit's Avatar
United States
992 Posts
 Posted 04/19/2018  3:18 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
The objections noted in the original post are very valid, indeed. But, we get to collect what we want to collect and enjoy what we want to enjoy.

It's better to have a collection at all rather than none.
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jbuck's Avatar
United States
187702 Posts
 Posted 04/19/2018  3:23 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It's better to have a collection at all rather than none.
True.
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oriole's Avatar
Canada
5239 Posts
 Posted 04/19/2018  3:36 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
@rbjr85, have people asked you these questions, or is that an impression you are getting from some?

Either one, I suppose, it is kind of irrelevant. I think that the comments already pretty much sum things up.

I suppose that I should add my 2 cents worth. In a sense, all collecting is a bit crazy and we are all a bit nutty. It is hard to justify it on the basis of need, or on the basis of anything other than entertainment (I am assuming that saving precious metals as a from of wealth safe-keeping is a different matter).

We like to be entertained because we are human. In most cases our forms of entertainment are not money makers, and nobody expects them to be.

In the case of collecting, we may be lucky and make make bit of profit down the road, but that is surely the exception. We really do it for entertainment, and it is rather irrelevant that another person is not interested in your chosen area. We also have to pick an area that we can afford, which is pretty obvious I think. It might well be that renaissance gold coins are the most beautiful, but if you can only afford to get coins from circulation and like them, you do not need to answer the critics.
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rbjr85's Avatar
United States
77 Posts
 Posted 04/19/2018  4:42 pm  Show Profile   Bookmark this reply Add rbjr85 to your friends list Get a Link to this Reply
Basically I'm thinking about getting into modern coins. I'd probably start with something accessible like the 50 State, territorial and national parks quarters in MS-67 or higher grade, or maybe Jefferson nickels in MS-63 or higher (67 or higher for later dates.)So I was just wondering what do you think is the best way to respond to detractors and snobs who dismiss such interests as "Less than sophisticated."? I've always hated snobs, and I've never been able to respond to them without losing my temper. Luckily, I don't think most people into coin collecting aren't snobs, but I'm sure you do run into them from time to time.
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