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Originally Posted by Art I agree that it's hard to predict what will provide outstanding value in the long-term. Looking at modern coinage, I doubt seriously that any one item will show the kind of increase that we've seen on older series like the Morgans. |
There are numerous moderns which have already shown returns far over 8X. Unc 1983-P quarters were widely available in pocket change until 1985 and today they wholesale at $25 per coin or 100X face value. In fact if you'd held out until you found a nice gem specimen it would sell now for over a couple hundred dollars or 800X face value. Most coins made in the last thirty five years for circulation have significant premiums in high grade. This is because of a multitude of factors but largely it is a simple reflection of the fact that people didn't save them. Those which were saved in quantities like the cents were generally of pretty poor quality. Others simply weren't saved at all.
Even today it is doubtful that all the coins are being saved in real quantity. Oh sure, people are saving quarters now and the new nickels are popular. The half and dollars are sold by the mint in sets and rolls. Cents are very inexpensive to save because of their insignificant face value. Dimes may or may not be getting set aside. Look at the prices of some of the recent dime rolls, they're already going up which is pretty remarkable when you consider how few people still collect modern coins.
There are large numbers of nicer and scarcer coins in circulation. Will these coins ever become worth lots of money? Your guess is as good as mine but it should be remembered that people do collect coins and they have always sought rarity, value, quality and those coins which are simply interesting because of the tales they can tell. There are plenty of coins in circulation which have all these attributes.
