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<p>[QUOTE=&quot;cladking, post: 179152, member: 68&quot;]I&#039;d agree that some of the coins will prove to be lousy investments.&nbsp; And I strongly</p><p>agree that the best bet is to learn as much as possible about the coins you are col-</p><p>lecting and even the ones you aren&#039;t.&nbsp; </p><p><br /></p><p>I don&#039;t believe it&#039;s a simple matter to put any coin in the category of one that people </p><p>should avoid.&nbsp; There are the obvious ones that should be avoided like anything that</p><p>you can&#039;t understand the reason for a premium or any coin that you personally can&#039;t</p><p>spot the difference.&nbsp; For instance, iy you can&#039;t tell the difference between an MS-69</p><p>and an MS-70 then it is not wise to pay a huge premium for the higher grade.&nbsp; </p><p><br /></p><p>But who am I to tell collectors they should buy their circulated &#039;26-S buffalo in F because</p><p>there is a huge premium&nbsp; for a VF?&nbsp; Most collectors are already going to buy the Fine </p><p>simply because of this premium so the demand is already factored in.&nbsp; Granted most </p><p>&#039;26-S buyers can tell the difference where one is left to wonder if the proof eagle buyer</p><p>can tell between 69 and 70.&nbsp; This, too, is factored in but the long term stability of the</p><p>market might be poor if there really are a lot of people who are just taking the word of</p><p>a third party grader.&nbsp; </p><p><br /></p><p>These considerations do not apply to all moderns.&nbsp; Just as most collectors can easily see</p><p>the difference between a F and a VF buffalo most collectors can easily see the diffference</p><p>between an MS-64 and an MS-65 Ike.&nbsp; While prices will continue to be the result of sup-</p><p>ply and demand, there shouldn&#039;t be a problem with stability unless demand changes sud-</p><p>denly.&nbsp; This is highly improbably, especially in light of the relatively small size of this par-</p><p>ticular segment of the modern market.&nbsp; </p><p><br /></p><p>I don&#039;t see any problem with people buying good coins at market price if they know what</p><p>they&#039;re doing and have some familiarity with the market.&nbsp; Certainly newbies rushing in to</p><p>buy unproven coins that they don&#039;t understand at enormous premiums that are largely </p><p>driven by other newbies and dependent on third party grading might prove problematical</p><p>in the long run.&nbsp; Instead many people just say something more along the lines of &quot;moderns</p><p>are junk&quot; or &quot;moderns are a ripoff&quot;.&nbsp; If they simply identified the specific coin or series they</p><p>find &quot;objectionable&quot; then they&#039;d have a far better chance of making statements that are </p><p>hard to take issue with.&nbsp; Again, even here, there is a lot of various opinion and many peo-</p><p>ple just have a knee-jerk reaction to attack or defend most moderns. </p><p><br /></p><p>I sincerely believe that many people are missing some of the greatest opportunities in many</p><p>generations in almost all modern world coins.&nbsp; There&#039;s a great deal to attract people no mat-</p><p>ter what people find desirable in a collectible.&nbsp; These coins for the main part were not saved </p><p>and numerous high mintage coins are quite rare and extremely cheap.&nbsp; These coins aren&#039;t for</p><p>everyone but many people are having fun in all sorts of mint products, ultra-moderns and mod-</p><p>ern coins.&nbsp; There are also a lot of price which have been explosive across these areas for six</p><p>years now.&nbsp; I doubt this will stop anytime soon.[/QUOTE]</p><p><br /></p>

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