Collecting New Coins
I'm sure that I am in no way the first person to think of this, but I wanted some feedback and input for more educated and experienced people than myself. I keep thinking about those people who have been collecting since the 50's when they were a kid and they have beautiful examples of old coins they collected when they were new and have stored for 60 years and now they have alot of coin worth quite a bit. Like the wheat pennies, they stopped being made and now alot of people search for them in good condition and certain years go for alot of money.
In 60 years, what coins will people be searching for that they stopped making? What if i have alot of those coins i kept since they were new?
Like the Lincoln Cent reverse that ended in 2008? Those coins are gone.
So I have gotten my hands on some rolls of brand new 2012 coins, sorted through, found the 21 best coins i could from them, and 20 I put in my coin holder sheets and 1 I am keeping seperate, considering having the 1 best from each coin and mint mark of each year graded to store.
Do you guys think this is throwing money away? Or a good thing to do?
I thank you all in advance for your thoughts and opinions.
Franklin Half Addict
It would be a waste to get them graded in my opinion. And I don't see any coins minted for circulation now being worth much in the future since they are minted in the 100's of millions, if not BILLIONS.
I think it is a good idea, but I am NOT an expert
I'd say go ahead and keep them, its a 21 cent inventment, but with the numbers minted, don't expect much from them in our lifetimes.
I buy a roll of each coin/mint cent through dollar every year. My family has been doing this since the late thirties. There are very few coins minted after 1950 that are worth very much. There are a few exceptions of course, but the huge volume minted these days almost assures that modern coins will remain relatively cheap even in high grades.
If you are getting these coins at face value, you are risking very little. I think the national park quarters are a good bet, if you can find them in circulation. TC
I buy a couple rolls of quarters each week, it helps to pay for snacks at the companies machines, and I do not have to bother with the bill changer which only accepts cunc ms67 dollars if they are very circulated the machine will not take them.
Originally Posted by TopcatCoin
About 50% of the quarters are state quarters, maybe 3 drummer boy quarters in every 4 or 5 rolls, and maybe 1 atb quarter in every 5 rolls.
So not rare by any means, much more common than silver which I have yet to get from a roll of quarters.
Thank you everyone for your thoughts. It is not that big of an investment, so I think I'll keep it up, maybe not get any graded. I'll focus my main efforts on finishing my 1909 - 2009 Lincoln Cent Collection.
Okay, 1909-2009 that's a fun collection. First though, decide on the grade you want them all to be, then then cost per cent. That'll give you
your guidelines to follow without going overboard. Oh, get your self a digital coin scale so you won't be guessing whether it's copper or zinc when you get to the '82's '. I have a JS-150V pocket size scale. It is 3" X 5 1/8" and weighs about 5.5 ounces. Cost was about $16 and well worth it.
If you collect Eisenhower dollars it is invaluable.
Hey Woody, can't you read the sign? That goes for you too!
A waste of money to grade coins , just keeps those grading services in business , grade your own
It may not seem like a worthwhile endeavor to collect the coins the OP is talking about but thanks to a collector like him back in the 1800's, we have mint state examples of coins that were handed down for generations.
I know, we say that with billions minted we don't see how they will ever have any value. The key though is how many will survive. Will copper plated zinc stand the test of time? We don't really know.
All we can do is collect them and preserve them as best we can for future generations of coin collectors and hope they get handed down and preserved.
Who knows, a collector 200 years from now might be very appreciative of your efforts.
I'm not sure any of the modern circulated will be worth too much more than face. They just mint too many of every coin now. Putting away a roll of uncirculated coins isn't too costly and might one day produce good returns. Mainly because they would grade high and be ahead of what you can pick out of pocket change.
The modern that may prove to be the exception would be the proof Kennedy. Not made for circulation and not minted in huge numbers.
theres almost nothing worth collecting in this generation every thing is mass produced it would be a very long time before any thing is worth anything
Why is it that modern coins are considered 'A Waste of Time ' because they are minted in larger quantities or are not composed of ' Precious Metal'?
Can't someone collect them because of their design, or consider them beautiful? What's wrong with that instead of worrying about the almighty dollar that they feel they'll ever recover? Does it always have to boil down to money. I rather have a complete set UNC Lincoln Cents than an incomplete set of Mercury Dimes. That's the purity of coin collecting.
Hey Woody, can't you read the sign? That goes for you too!
Agree with zekeguzz and, now and again there are some value added. Take this circulated coin for example. 2004 cw bi-met 5 rand. Mintage 3,243. In 2004, it was forth less than a dollar. Now, a NGC MS63 is about 22 dollars. Not bad.
Also, this 1985 Chile 10 peso coin. The peso is currently around 500 pesos to a US$. Mintage of 400,000, which as I understand, most were melted down. You will struggle to find a good specimen under 15 US$.
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