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 Replies: 24 / Views: 4,415 |
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New Member
United States
22 Posts |
I've been away from the coin market in the past 11 yrs so I don't really know what's going on.
yesterday I went to a small coin show and when I look down into one of the dealer's show case and all she had was modern day MS/PR69-70 coins for sale. I just stand there shaking my head as she was trying to convince her customer how rare these coins are. I really felt sorry for the customer.
Edited by Dancing Fire
08/09/2010 10:31 pm
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New Member
United States
33 Posts |
It's just a theory but I think that we might be seeing more and more of this as the years go by because were getting farther and farther from 1964 when the last silver coinage was produced or 1970 if you like 40% halves.
For some reason silver coinage has always struck me as more desirable, collectable and beautiful no matter what country its from.
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Pillar of the Community
United States
564 Posts |
I agree with that! I love silver coins! They look so much sharper than the junk coins produced today. I wish we would go back to the gold standard!
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Pillar of the Community
United States
615 Posts |
I was actually having a conversation about that today over dinner with some friends. Lamenting on how beautiful designs were back in the day, while it seems that most new designs are just... simple - and simple to me at least translates to boring.
Edited by HippieOutcast
08/10/2010 12:15 am
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Valued Member
United States
320 Posts |
I agree- even setting aside any disparity in melt value, silver is just a much more satisfying material for coins. I'd say "the most" satisfying, but I've never held a gold coin in my grubby paws, so I can't say that one for sure. But I'd certainly take a raggedy silver coin over a BU cupro-nickel coin any day.
As to the change in collecting, and the artificially inflated "rarity" I've certainly noticed it too, and I think it's drawn from a number of places-- chief among them being the fact that there are no key dates or low mintages available in general circulation. The only low mintage items are either sold directly to collectors at a premium or are low "as compared to" your now-average year with billions minted. And gone are things like overdates, repunched mint marks, and doubled dies that don't require good lighting a loupe and a cherrypicker's guide to identify. The mint has it down so well, and cranks out such high numbers that there isn't as much numismatic rarity available to the average person on a reasonable budget. SO, they create a market.
On top of that you throw in the internet and its distortion of reality...
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Pillar of the Community
United States
1042 Posts |
Quote:
I was actually having a conversation about that today over dinner with some friends. Lamenting on how beautiful designs were back in the day, while it seems that most new designs are just... simple - and simple to me at least translates to boring.
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"The only real voyage of discovery consists not in seeking new landscapes but in having new eyes." - Marcel Proust I wonder how many folks pondered this same thing back in 1909...when the cent changed from the Indian-Head to the Lincoln? Or when the coinage changed from the Seated to the Barber?  Or when it changed from the Bust to the Seated? That being said...I still like the Lincoln Wheat much more than I like the new shield cent. But...it hasn't stopped me from collecting 'em.  |
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Pillar of the Community
United States
524 Posts |
I'm tired of the dead presidents. The cent has had the same obverse for 100 years, the dime 70ish,nickel 70ish[same guy slightly different now] quarter 70ish,half 50ish. I think some of this MS/PR69-70 is people trying to find something different. They started with the State Quarters and golden dollars but how about a new obverse. I always liked the Mercury dime and the Walking Liberty half myself. Just something other than a dead president please. |
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Pillar of the Community
United States
1915 Posts |
What is wrong with collecting these high quality moderns? I say get them now, do not wait 20 to 30 years when the price is higher. The modern era coins do not seem to hold up their condition as easily as older coins. There are lots of modern day varieties to collect as well. Small dated LMC 60's & 70S's. WAMs & CAMs. All the varieties in the State Quarter series. It does not need to be ancient to be collectible. I am glad to see the hobby evolve. It has held much better than stamps and baseball cards. Embrace it, don't fight it. If you like only older coins, then collect only older coins. But do not rag on another area of the same hobby. Edited by seal006
08/10/2010 09:25 am
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Pillar of the Community
United States
2541 Posts |
That modern MS-69/70 garbage is just PCGS, NGC and others trying to line their pockets. I bought a few PF-69 DCAM quarters on ebay ( State Quarter series) and I went to 2 different coin shops to try to sell them. Neither wanted them. I ended up selling them to a guy for a huge loss. I didn't spend much, but I sure learned my lesson. There is no intrinsic value in something that has huge supply and low relative demand. |
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Bedrock of the Community
United States
20753 Posts |
Quote:I'm tired of the dead presidents. The cent has had the same obverse for 100 years, the dime 70ish,nickel 70ish[same guy slightly different now] quarter 70ish,half 50ish. I think some of this MS/PR69-70 is people trying to find something different. They started with the State Quarters and golden dollars but how about a new obverse. I always liked the Mercury dime and the Walking Liberty half myself. Just something other than a dead president please. HEY, I wanted to say all that. You beat me to it. Meanwhile back to the coin shows. Yes it is really getting sick with everyone having every coin slabbed too. At coin shows I see about 50% of all coins in slabs. I can see that with coins that may or may not be real but just what is the reaons for a coin dated 2003 or 2005 to be slabbed and graded MS-68 or -70? A coin that you find from the Bank or in a roll and now it's in a slab? Why do people pay for having something slabbed that is worth face value? I've seen dealers at coin shows that require 2 or 3 tables due to all their coins are in slabs. That too is rather nuts. And the prices some dealers expect for a coin due to it being in a slab. That too is getting me irritated. Just to many slab happy people. |
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Pillar of the Community
United States
615 Posts |
...Which is why I avoid most slabs Carl - for me to get my hands on a slab it must be a very high quality example of the coin (And not the modern stuff too - the slabs I've owned were Buffalo nickel, Morgan, IHC, and Franklin .50) |
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Pillar of the Community
United States
528 Posts |
Well I for one do not collect anything that modern!
and I will be collecting for another 40 years at least.
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New Member
United States
42 Posts |
Did anyone else see under completed listings on the bay...220 pounds of puke, thats the description I'm not kidding. Item# 140435605745 |
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Pillar of the Community
Canada
3692 Posts |
@seal006: you bring up a good point.. I wish I could've obtained 1964 Canadian mint sets for those low prices by today's standards.. In the future we'll be looking at today's prices and wish we'd bought in sooner..
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Pillar of the Community
United States
2602 Posts |
LOL @ the 220 pounds of puke, ended at 3550 reserve not met! Guess there's some value in puke!
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Pillar of the Community
United States
539 Posts |
I don't really collect much US but I would have to say that the 'modern' foreign (dark side) coins are really quite nice and designs are quite diversified.
I like silver to but there is so much 'hoarding' going on, the price I need to pay over 'book' value keeps them out of my collection and in either someone else's or still on the table. LOL
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Replies: 24 / Views: 4,415 |
Posted 08/10/2010 12:10 am
