Thread: When Will Today's Common Coins Be Valuable?

Originally Posted by KTO

When will a high grade, but common date, quarter be worth $300.00? Maybe if the time ever comes that an ordinary loaf of bread sells for $36.00.

thats why i noted that itd be in today's dollars. If a loaf of bread went up 18 times, along with everything else, then that 300 would be 5400. The future $300 figure is the value of $300 today. Besides, the US dollar might not even be around much longer and we might be referring to it's value in 'credits' or in grams of silver or gold. Who knows.

Cladking, with a name like that, Im going to assume your answer is a bit biased. lol. But being biased doesnt mean being wrong. I thank you for your answer. VERY VERY VERY nice! I have a HARD time getting answers. Most would rather critique my questions. Yes, theyre deserving of such criticisms, but you can also use your imagination.

When I was a kid I was bad about driving my friends crazy with questions, especially questions about difficult choices, e.g., would you rather be burned alive or stalked and eaten by a lion? lol. I guess that interest in choices is what lead me to my interest in economics, hence my interest in money, hence my interest in gold and silver, hence my interest in numismatics.

If they are common today, they will be common in 100 or 1000 years. It's not like they have any melt value, so they will be around forever. They make billions of pennys every year. If the worlds population doubled in the next hundred years and everyone became a US coin collector, there would still be so many pennys around that there would never be a shortage for the amount of demand.

Cladking strike again! You ought to work for the numismatic media

Originally Posted by pairunoyd

A 1998 Washington quarter.

Let's say that coin is NGC MS67. Assuming the world is still civilized and the people in it tend to have interests similar to ours and assuming our dollars are equally as valuable as today, at what point would this safely tucked away coin become worth $300?

According to NGC, a 1998 P MS67 is worth just under $50. On the open market, who knows what it'll bring, maybe $30?

I ask this because Ive heard many investors, not just those numismatically inclined, that the best time to buy is when people aren't interested in that particular item. Doesnt mean you buy chewed chewing gum, just that you're sort of a contrarian and you buy in an area that is and will likely remain popular but you strongly consider those particulars within that area/sector that aren't inflated by buyers.

Are coins such as the one I cite above poised to 'pay off' 10-30 yrs from now?

And aside from that coin and aside from any investment talk, at what point do you think the higher grade coins (AU to MS65) that are now being minted will be worth a 'lot' (however you wish to define that)?

I know nothing about ancient coins, but from what I've seen it seems their prices are a LOT lower than what I would've guessed. Are, for example, today's Morgan silver dollar destined to wane in value hundreds of years from now when our civilization is upon the ruins of others? I know there exists some priceless artifacts, but it seems theres a good number of old coins that have surprisingly low value because they lack an educated buying base.

http://www.youtube.com/watch?v=izQB2...layer_embedded

Originally Posted by Marshall

http://www.youtube.com/watch?v=izQB2...layer_embedded

haha, Cool, Ill only be about 560 yrs old. Probably be in my mid-life crisis and ready to trade in my stash of the king of the commoners - 1998 Washington Quarters! My stash of MS67's selling for a cool $50,000/slab - in 2012 bucks.

I've given a lot of thought to this topic, and have pretty much given up collecting moderns as a result. I buy a proof, silver proof, and unc set every year, and call it good. There were just way too many coins minted to ever drive values to meaningful levels.

Off the top of my head, I'd say you need to go back to the early 1930s to find a coin of significant value due to low mintage (31-s lincoln comes to mind). Others are either bullion, errors, or condition rarity. Shoot, a 1902 indian head in MS-60 is hardly worth $20. Yes, there's a big difference between MS-60 and 67, but then think of relative mintages. The 2009 nickel had ~40 million produced at each mint, and it's the lowest mintage since 1951. 30 years from now, young collectors will be cursing that year because they can't find it in circulation, so they'll go to a coin shop and pay $1.00 for it instead.

So in addition to lousy designs and bad customer service, the mint is destroying the hobby by taking away investment potential as well. I'll stick to pre-WWII, thank you.

If I ran the mint, I'd randomly pick a coin every 3-5 years and manufacture a key date. I'd just plan ahead of time that the 2017-D quarter would only have 20,000 minted, just to create interest.

They'll never be worth too much , unless a billion are somehow destroyed . IMHO .

Originally Posted by Mr. Coin

I've given a lot of thought to this topic, and have pretty much given up collecting moderns as a result. I buy a proof, silver proof, and unc set every year, and call it good. There were just way too many coins minted to ever drive values to meaningful levels.

Off the top of my head, I'd say you need to go back to the early 1930s to find a coin of significant value due to low mintage (31-s lincoln comes to mind). Others are either bullion, errors, or condition rarity. Shoot, a 1902 indian head in MS-60 is hardly worth $20. Yes, there's a big difference between MS-60 and 67, but then think of relative mintages. The 2009 nickel had ~40 million produced at each mint, and it's the lowest mintage since 1951. 30 years from now, young collectors will be cursing that year because they can't find it in circulation, so they'll go to a coin shop and pay $1.00 for it instead.

So in addition to lousy designs and bad customer service, the mint is destroying the hobby by taking away investment potential as well. I'll stick to pre-WWII, thank you.

If I ran the mint, I'd randomly pick a coin every 3-5 years and manufacture a key date. I'd just plan ahead of time that the 2017-D quarter would only have 20,000 minted, just to create interest.

You may be right.

Of course it's a virtual certainty there are far fewer nice well made Unc 1982-P quarters in the world then there are nice well made Unc '31-S cents.

But if you want an '82-P quarter there are millions in circulation and you sure won't find a '31-S.

One other thing you'll never find in circulation is an uncirculated '82 quarter.

So you can pay over $100 for a '31-S cent or you can pay $5 for the quarter. I know which one will fit better in my quarter collection.

Originally Posted by pairunoyd

Cladking, with a name like that, Im going to assume your answer is a bit biased. lol. But being biased doesnt mean being wrong. I thank you for your answer. VERY VERY VERY nice! I have a HARD time getting answers. Most would rather critique my questions. Yes, theyre deserving of such criticisms, but you can also use your imagination.

I missed the post.

Yes. My opinion could hardly be more biased. I've been a big fan of these coins for many decades. One thing I wouldn't have predicted when I started is that they'd grow into such a great collectible.

Originally Posted by Danr

Cladking strike again! You ought to work for the numismatic media

Thanks.

Cladking rocks and is the 'super hero' of modern collectors.........

I see alot of Today's Common Coins that are Valuable the 2008-D Jefferson nickel is at $300+ in MS66FS, the 2009-P/D in MS66FS are well over $100 ea. You just need to pick the right ones and hold on.But thats just me.

I see alot of Today's Common Coins that are Valuable the 2008-D Jefferson nickel is at $300+ in MS66FS, the 2009-P/D in MS66FS are well over $100 ea. You just need to pick the right ones and hold on.But thats just me.

Type2, how can that be? I can buy a unc set from each of those years and get a gem specimen for far less than the prices you suggest.

the penny was dropped in Australia in '92. Canada stopped its own penny in 2012. prices didn't go up, although the last year was stockpiled and prices for this last year did go up.