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<p>[QUOTE=&quot;cladking, post: 179058, member: 68&quot;]...And it commands a premium based on supply and demand.&nbsp; Another thing </p><p>often overlooked is that this premium is often higher for the old coins than it</p><p>is for the newer ones.&nbsp; People point at five fold premiums between grades in</p><p>moderns and overlook ten fold premiums in indians or twenty fold premiums</p><p>in Morgans.&nbsp; It&#039;s true that premiums in moderns can sometimes get extreme </p><p>but this is the natural result when a coin is extremely rare in one grade and </p><p>quite common in the next lower grade.&nbsp; </p><p><br /></p><p>But moderns differ just like the classics.&nbsp; Each date and mint has its own per-</p><p>sonality and if you concentrate on high grades you&#039;ll find some are really tough</p><p>even in the not so high grades.&nbsp; Some moderns are extremely rare above MS-</p><p>65 and don&#039;t exist at all in superb gem.&nbsp; If you&#039;re looking for &#039;76 Ikes then you</p><p>had better lower your sights from an MS-70 because you can spend a long time</p><p>finding an MS-64!!!&nbsp; </p><p><br /></p><p>The real problem when people like Q David Bowers talk about moderns is that</p><p>they have many preconcieved notions.&nbsp; This guy is familiar with older US coins</p><p>and can speak authoritatively on a wide array of subjects.&nbsp; But there simply is</p><p>no statement that applies to all modern US coins except that they were struck</p><p>between 1964 and 1998.&nbsp; Not only does each date and mintmark has its own </p><p>personality and characteristics but each series of moderns is different.&nbsp; Some </p><p>were mass marketed, some weren&#039;t. Some ar platinum, others aren&#039;t.&nbsp; Some</p><p>are mint state, some are proof and some can no longer be found at all in unc-</p><p>irculated condition.&nbsp; Some have been collected since 1965, most weren&#039;t.&nbsp; </p><p><br /></p><p>But most importantly is that some are simply not available in high grade.&nbsp; This </p><p>can be caused by rarity or it can be caused by the fact that they were poorly </p><p>made.&nbsp; Platinum might be superbly made but have you ever opened up a bag </p><p>of 1974 Ikes and not seen a coin that even looked uncirculated?&nbsp; Have you ever</p><p>opened a bag of 1966 quarters and seen coins which were all struck by tired,</p><p>worn out dies?&nbsp; Those of us collecting these have.&nbsp; And before you figure that </p><p>there are lots of bags around to check, you should realize we spent most all of</p><p>these coins the year they were issued because there wasn&#039;t anything decent.&nbsp; </p><p>There aren&#039;t bags of most of this stiuff around and even if there were the coins</p><p>would be junk.&nbsp; When one of the bashers comes up with a really nice &#039;66 25c,</p><p>then I&#039;ll believe them.&nbsp; It doesn&#039;t need to be MS-70, just a nice MS-64 with a</p><p>nice crisp strike would impress me to no end.&nbsp; But the fact is that in many cases</p><p>they&#039;d even have trouble coming up with an ugly MS-60 or a nice circulated coin.&nbsp; </p><p><br /></p><p>In the mean time many of us are having a hoot putting collections of scarce coins </p><p>together on a shoestring.[/QUOTE]</p><p><br /></p>

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