I have been saving One's off and on for awhile. I personally like the down turn ,gives me a chance to buy some at a decent price. Exactly had couple very nice Ike's arrive in the mail just the other day. Buy them while their cheap, never know when demand will turn the other way. By the way on a whole different coin , I have to say that the Australian wedged -tail Eagle coins (2016-2017) are very, very nice coins.
Lots of high end classics are still gaining. There are also some low end moderns that are gaining the last few months. This is because there is a huge influx of new collectors and they have a different attitude to clad than baby boomers. To new collectors moderns are just "coins" rather than the debased junk that chased real coins out of circulation. It doesn't take much demand to push them higher because there are so few left.
Ikes will have their day in the sun but it may be many decades into the future. I'm a millennial and most of the collectors in my age group seem to prefer the classics in my limited experience.
Completely agree. Even SBAs seem to be picking up in popularity and we may finally be seeing the modern collecting stigma starting to fade.
I started collecting, many years ago, just like other collectors of my age group, we collected Lincoln Cents. I've started my grandson on Lincoln Cents, then Jefferson Nickels, State Quarters, and now Washington Quarters. I find the best way to start a new collector is with affordable coins. I try to discourage him from watching the TV coin shows because of the high prices, I don't want him scared away before he really gets into the hobby. Some of the TV Shows show more four digit priced coins than anything else, and for a YN that can be discouraging and make them think they may as well quit, because of the high cost. I just bought an Ike Set from a dealer for $170, I'll give my grandson the empty album and from time to time I'll give him the Ikes to fill the album. SBAs are starting to do well, I think it's the 1979 and 1981 Type twos that are helping the series. For most young collectors, they have never seen the coin because it stopped circulating before they were born. My local bank is a good source for both Ikes and SBAs, the tellers are glad to get rid of them.
Yes, cladking. Most of the toned Ikes that got away from me during the past 2-3 years were offered by either kryptonitecomics (eBay) or Great Collections. I'm sure I would have lost many more from James Sego if he offered "no reserve" auctions.
That really just leaves one auction house left if you have seen the multiple threads on the CU and NGC forms
I think with the high grade Ikes selling at big prices and the huge price gap between the grades that people are not desiring the lower graded examples. Additionally, the multiple varieties in the series have not made it into the mainstream books except for a few examples.
There's nothing "unusual" about preferring classics. Classics are older, seem to be more "historic", and many will prefer silver and gold. What is very unusual is that most existing collectors despise moderns. Many baby boomers don't even consider an Ike or a 1965 clad quarter to be a real coin. They consider them to be junk foisted on the public and more akin to chuck e cheese tokens. A very small percentage of collectors today have any interest but among the newer collectors the percentage is multiples of that demand. These coins have been around a long time now and have been virtually ignored that whole time. The supply has just evaporated away while newer and younger collectors continue to come on board. It appears that the demand is finally exceeding the supply. Since this demand is still tiny and has room to grow so much there should be explosive price increases coming up. I believe this would happen even if many people didn't try to move into the latest fad and get in on the ground floor. But when people see what some of these prices do that's exactly what they'll do. I'll be selling into it the whole way. But I'll keep my collections and some "special" coins. Maybe I'll be able to afford the bust half collection I always wanted.
I don't quite get this either. I mean, they're still legal tender coins. So they don't contain silver. . . . and? If you like silver you can buy it in many different forms. But these clad modern coins were real money used in commerce just like their silver ancestors before them. I too prefer silver coinage, but that doesn't mean I'm going to completely ignore every coin issued since 1965. That just doesn't make sense to me. They are just as important to numismatics, IMO.
It's a crazy situation. Most Lincoln cent sets that come into coin shops end at 1965. The cent changed reverse designs in 1959 but there was no change in '65. The same thing applies to Jefferson sets. People just stopped saving coins in 1965. As a group future collectors will not despise moderns. So as a group they are far more likely to collect them. As the baby boomers retire the new collectors will look for the "common" modern coins and they won't find them because people didn't save them. We've already seen what has happened with moderns in Russia and India with many coins going up in price 1000 fold. This is being caused by a very similar phenomenon; there were no collectors in the past because there was a very limited collector base and they all wanted silver. Now there's suddenly a large middle class and lots of new collectors but they can't find the moderns. I corresponded with many of the existing collectors in these countries back in the 1980's but simply couldn't locate or secure any of the modern coins. They didn't even know where to obtain them. Russian collectors collected czarist silver coinage and Indian collectors liked state or British issues in silver.
I guess I'm unusual, but as a long time collector I didn't stop in 1965. I've kept my Lincoln cent, Jefferson Nickel, and Roosevelt Dime collection up to date. Each year I buy two Mint Sets from the Mint, one I leave alone and put it with past years, the other I break open to update my albums. I went ahead with the Presidential, Native American, State Quarter, and America the Beautiful, because they were in the Mint Set also. As I've mentioned, I have my grandson interested in collecting and he likes to add to the current coins set, they're available in change and affordable for him. So collecting the "classics" would not make sense to him, he's never seen them in circulation and they cost a lot to buy. As he gets older, and starts to make a decent salary, I'm sure he'll progress to the older series. He'll also inherit my collection, so he'll have a good start.
