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1971 P Nickel... Scarce?
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<p>[QUOTE="cladking, post: 2434373, member: 68"]People have always had this idea that all you have to do is want one and a nice MS-70 modern will appear in your hand by magic. The thinking is that they made billions of coins and if even one in a million is perfect then that's still lots of coins. Therefore they don't collect them and don't even bother to look at them. Would be hoarders look at a bag of coins to save and they look so junky they don't even bother. </p><p> </p><p>Sure they made lots of Gems but now most of them have been recycled with old cars and most all the rest are beat up in circulation. Nobody saved any of the Gems and most moderns would barely exist at all if not for mint sets. Now days we're running out of mint sets because they get cut up and spent and the coins often have a horrible haze on them (especially the '71). They didn't care about the nickels back in '71 and they haven't cared since. </p><p> </p><p>The damn catalogs like the Redbook seem to believe they owe it to their customers to bash moderns so they list the extremely uncommon Gem 1971 at $1.50 which is less than an XF brings on eBay!!! </p><p> </p><p>An MS-60 1971 nickel is scarcer than the 1950-D and a Gem accounts for fewer than 3% of all uncs but they list it at $1.50. If people realized how ugly most MS-60 and MS-63 moderns are they'd realize that most collectors aren't going to be satisfied with them. They're going to want nice choice BU and gemmy coins and these are quite tough for most moderns. They're only available at all because people think they are copmmon so they still don't collect them and they think they're common because of a screwy grading system and catalogers who trash them. </p><p> </p><p>I beginning to believe there has been a concerted effort for over 25 years to suppress the modern market. Collectors see the ridiculously low prices listed and then don't want to buy one at the prevailing rate. Nobody would want to pay $50 for a coin that lists at $2.75. This isn't just a single publication like the Redbook but all of them.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2434373, member: 68"]People have always had this idea that all you have to do is want one and a nice MS-70 modern will appear in your hand by magic. The thinking is that they made billions of coins and if even one in a million is perfect then that's still lots of coins. Therefore they don't collect them and don't even bother to look at them. Would be hoarders look at a bag of coins to save and they look so junky they don't even bother. Sure they made lots of Gems but now most of them have been recycled with old cars and most all the rest are beat up in circulation. Nobody saved any of the Gems and most moderns would barely exist at all if not for mint sets. Now days we're running out of mint sets because they get cut up and spent and the coins often have a horrible haze on them (especially the '71). They didn't care about the nickels back in '71 and they haven't cared since. The damn catalogs like the Redbook seem to believe they owe it to their customers to bash moderns so they list the extremely uncommon Gem 1971 at $1.50 which is less than an XF brings on eBay!!! An MS-60 1971 nickel is scarcer than the 1950-D and a Gem accounts for fewer than 3% of all uncs but they list it at $1.50. If people realized how ugly most MS-60 and MS-63 moderns are they'd realize that most collectors aren't going to be satisfied with them. They're going to want nice choice BU and gemmy coins and these are quite tough for most moderns. They're only available at all because people think they are copmmon so they still don't collect them and they think they're common because of a screwy grading system and catalogers who trash them. I beginning to believe there has been a concerted effort for over 25 years to suppress the modern market. Collectors see the ridiculously low prices listed and then don't want to buy one at the prevailing rate. Nobody would want to pay $50 for a coin that lists at $2.75. This isn't just a single publication like the Redbook but all of them.[/QUOTE]
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1971 P Nickel... Scarce?
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