does this make these coins more collectiable

i know mintages arent every thing rare can be low or high . but if these are only on demand and the demand isent high mintages would be low making them a possiable key date?

i know theres proable way more high grade examples of modern coins ( last few years)
then there are of any other coin because there are more collectors now then they were back then
so normal modern coins may never reach the high money like much older coins for a very long time if they ever even do.

would these coins be better to collect

im not sure because this could also be a bad thing if there only being made to collect and not put in circulation that means there condion may be better so every coin may be close in same grade

 

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My opinion is that if you like moderns - then collect moderns. Lots of people do - I do not worry about what the future holds, I collect what I like. This has changed over time. A lot of moderns will always have plenty of high grades(depending on the coin and the grade). If you like them collect them.

 

To add to what Mark said, if you're chasing the "Top Pops" don't spend your money too foolishly buying or submitting the coins for the grade.

Of course, it would also help if we knew what specific series you might be referring to.

Chris

 

Modern coins is a good place a new, and young collectors, to get started with collecting.

 

The only way for moderns to appreciate is if they are some overlooked contemporaneous item. Some of the AGE and APE coins have really ridiculously small mintages from a small demand. Later on they may or may not appreciate as people discover them.

 

Modern coins I feel are a great place to start, and which is what I'm focusing on now (though I find myself leaning towards varieties and errors instead of just general coins). It's got relatively easy price entry for people to start, and a lot of coins can be found with general good eye appeal which is what I think gets folks interested first until they start developing a general love for the hobby.

Also, as to what Doug said, my modern coins now will be "old" to my kids when they get them, and hopefully they can continue on to their kids and so on, building more history and stories as they go along. If I'm not building my collection now, they may wonder "why didn't grandpa just buy rolls of "cheap" coins when he was a kid". I often wish my parents had started building their collection earlier, as they grew up in the post-depression era and I could only imagine the amount of 40's, 50's and 60's coins I could have had which now are quite well sought after. Unfortunately the collection was started just around 1970 and while there's plenty of coins, I'm now trying to go backwards as much as my budget will allow.

 

sorry this is what i was refering to

"
8U.S. Mint presses have been quiet for Kennedy halves since January and Native American $1 coins since February. These coins, while minted in circulating quality, are struck only to meet the demand of coin collectors as they are not placed into circulation. The Presidential $1 coins joined the collectible-only group this year."

thinking more of my kids for the future kinda thing

 

Yes they will be the key dates, but a "key date" whose mintage and availability is still equal or higher than the actual demand for the coin, is still going to be a low value item.

How can a coin minted to demand have a mintage higher than the actual demand for the coin? Well most people who actually want the coin will order them when they are available, and many of them will order more than they actually need based on the idea that it will be a low mintage and "might have a premium value someday". Or so they can go through a bunch trying to find ultrahigh grade pieces. This means that there are still a lot more coins available than there are collectors and only those ultrahigh grade coins will have any kind of a real premium. Can't afford the 70? Not to worry plenty of 69's available for less than the grading fee. And lots of even lower grades available at the dealers nuisance charge.

Dealers nuisance charge = premium charged for a coin that isn't worth any premium to cover the trouble and expense he has to go through to handle it.

 

thank you for you explanation

 

Put into practice I have went through several rolls of non released date Kennedy's and never found a coin worth submitting. Those coins went into circulation.

 

Hmm, I'm finding the opposite, although I'm not submitting any to TPG'ers. My recent year's Kennedy rolls appear to have very high grades, much nicer than any previous years that were made for circulation.

 

True initially, but not when sales end and mintages are announced – low mintages create demand. Take for example modern commemoratives – the series is full of coins that were unpopular when they could be had from the mint, so the final mintages were low, but soon after sales ended, the prices rose significantly because of the low mintages. Few wanted the coin when the potential mintage was 500k, but when the final mintage turned out to be less than 20k, many more wanted them.

 

This thread reminds me of the 50d Jefferson. Low mintage so everyone saved them. Easy to find in a high grade.

This makes my set circulated jeffersons hars to complete. I am only keeping the nicest one I find in circulation.

 

just relized i found a 2012 sac in circulation awile ago wonder if i still have it

 

I really like the design of the reverse of that coin. I would keep any found in the wild at face value. TC

 

its my favirote sac desien the only one im going to order and put in my binder

 

dang i guess i spent it when i baught a pack of cigs with 4 golden dollars a 2 dolar bill and a kennedy half last week

 

What is the current price on 1999 P proof SBA's? They were $9 from the mint I believe and they are the lowest mintage by a WIDE margin. Must have created a LOT of demand. (After all it only took them three years to sell all 750K of them.) Thirteen years later Numismedia has it up to the sky high price of $12. A 2% per annum return on investment.

 

Who was it that coined the "rule of 10"? This rule says you NEVER buy a coin until its at least 10 years old. Yes, you will miss out on a few jackpots, but all of the losses you avoided more than make up for it.

Eh, most of my stuff is thousands of years so I don't care. I just bought a "modern" pieces yesterday, a 4 baht Lannathai twisted bar from about 1300.