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<p>[QUOTE=&quot;cladking, post: 2477913, member: 68&quot;]Nonsense!</p><p>&nbsp;</p><p>I have never in my life heard anyone say that a 19th century US gold coin isn&#039;t really a coin so isn&#039;t collectible.&nbsp; I&#039;ve never heard anyone call a nice Gem 1913-S type I buffalo a piece of debased junk that shouldn&#039;t be collected because they&#039;ll be coming out of the woodwork for centuries.&nbsp; They save these comments for moderns and it has been getting said for more than half a century now.</p><p>&nbsp;</p><p>You&#039;re immune to the logic here so let me try some numbers.</p><p>&nbsp;</p><p>When I was a boy there were 10,000,000 collectors in the world and most of them lived right here in the US.&nbsp; The most popular collectible by far were moderns.&nbsp; People were buying bags, rolls, and mint sets like they were going out of style and dreaming of the day it would make them rich.&nbsp; It was unnatural for so many people to collect moderns and I collected buffalo nickels and scratched my head a lot.&nbsp; Fast forward to 1964 and the government killed this market.&nbsp; They killed it so completely that it stayed dead and it even prevented new coins from being born for decades because even coins that didn&#039;t exist at that time were deemed worthless and uncollectible. Fast forward again to 1995 and without new coins (the common wisdow was no coins had been made since 1964) and the collector base in this country had shrunk to about 4,000,000 and almost nobody collected moderns still. This isn&#039;t natural either.</p><p>&nbsp;</p><p>This is 2016!!!&nbsp; Today there are budding modern collectors in this country and all over the world.&nbsp; As these collectors and collections expand there is growing demand for many modern coins.</p><p>&nbsp;</p><p>Simple concept here please try to follow it; price is set by supply and demand. For practical purposes no other factors affect it.&nbsp; In collectibles price is largely about demand because supply is somewhat dependent of definitions and availability. The largest increases are caused by the largest proportional increases in demand.&nbsp; Demand for buffalo nickels couldn&#039;t possibly increase more than about ten fold from 1964 levels because lots of people collected buffalo nickels in 1964.&nbsp; But almost nobody collected something like 1963 Indian aluminum coins in 1963.&nbsp; With such a tiny base the number of collectors can easily increase 1000 fold, 10,000 fold, or even more.</p><p>&nbsp;</p><p>It&#039;s this which makes moderns explosive.&nbsp; It&#039;s this which is causing the massive increases in the prices of so many modern coins and it&#039;s barely getting started.&nbsp; When your cab driver tells you to buy moderns it will be time to dump everything except your core collections and fish in shallower water.</p><p>&nbsp;</p><p>People must try to be countercyclical in all things.&nbsp; But this especially applies to things related to financial issues.&nbsp; If you buy when buying is popular and sell when selling is popular you will lose your shirt again and again and again. If you run to starboard with everyone else you&#039;ll drown with everyone else when the boat capsizes.&nbsp; We always have a choice and I choose to enjoy those things that others don&#039;t.[/QUOTE]</p><p><br /></p>

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