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<p>[QUOTE="World Colonial, post: 2478245, member: 78153"]Totally and completely wrong. In our prior exchange here, I specifically addressed this subject. Let me repeat myself now.</p><p><br /></p><p>In a <b><u>financial context</u></b>, I divide moderns into three groups: your gems as a proxy for “grade rarities”, the coins I described (predominantly PCGS MS-66) and all others. </p><p><br /></p><p>Your gems will never be owned or bought by more than a tiny fraction of the collector base within any modern series and are irrelevant to at least 99.9% of all (future) collectors of US moderns, never mind anyone else. The same applies to most coins within a specialization (such as those obscure die varieties you think are so significant). Additionally, many if not most of these gems are either already expensive or relatively overpriced and there isn’t necessarily any reason to believe the prospects are financially favorable either.</p><p><br /></p><p>For coins below MS-66, except if collected within a specialization, the probability that any of them will be worth more than nominal amounts later is essentially zero. It can happen in isolation but still no reason to believe it will be anything other than financially irrelevant.</p><p><br /></p><p>This leaves the coins which were the focus of my comments; the “undergrade”, usually a PCGS MS-66. This is the “best” quality most likely to be owned by any noticeable number of collectors which simultaneously has any potentially meaningful financial prospects. This is why my comments focused on this segment, not your gems.</p><p><br /></p><p>Like I told you in my last reply, I can support my claim now just as I have in the past, that this third group’s financial prospects are nowhere near your (prior or implied) claims and also disproportionately financially irrelevant. </p><p><br /></p><p>If you claim otherwise as I suspect, this is why I brought up the Buffalo nickel. Like moderns, most Buffalo nickels sell for nominal prices and so do most coins in the most widely collected classic series. None of these coins are "rare" and neither are moderns except for your "gems". Like these classics, there is zero reason to believe that appreciation on all other moderns will be meaningful either.</p><p><br /></p><p>Lastly, like I told you before, the internet has made your claims obsolete, even assuming they had any merits which they do not. There is no reason to believe that collectors will find the coins you like so compelling when they can choose from at least 250,000 coins and maybe 10,000 series.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2478245, member: 78153"]Totally and completely wrong. In our prior exchange here, I specifically addressed this subject. Let me repeat myself now. In a [B][U]financial context[/U][/B], I divide moderns into three groups: your gems as a proxy for “grade rarities”, the coins I described (predominantly PCGS MS-66) and all others. Your gems will never be owned or bought by more than a tiny fraction of the collector base within any modern series and are irrelevant to at least 99.9% of all (future) collectors of US moderns, never mind anyone else. The same applies to most coins within a specialization (such as those obscure die varieties you think are so significant). Additionally, many if not most of these gems are either already expensive or relatively overpriced and there isn’t necessarily any reason to believe the prospects are financially favorable either. For coins below MS-66, except if collected within a specialization, the probability that any of them will be worth more than nominal amounts later is essentially zero. It can happen in isolation but still no reason to believe it will be anything other than financially irrelevant. This leaves the coins which were the focus of my comments; the “undergrade”, usually a PCGS MS-66. This is the “best” quality most likely to be owned by any noticeable number of collectors which simultaneously has any potentially meaningful financial prospects. This is why my comments focused on this segment, not your gems. Like I told you in my last reply, I can support my claim now just as I have in the past, that this third group’s financial prospects are nowhere near your (prior or implied) claims and also disproportionately financially irrelevant. If you claim otherwise as I suspect, this is why I brought up the Buffalo nickel. Like moderns, most Buffalo nickels sell for nominal prices and so do most coins in the most widely collected classic series. None of these coins are "rare" and neither are moderns except for your "gems". Like these classics, there is zero reason to believe that appreciation on all other moderns will be meaningful either. Lastly, like I told you before, the internet has made your claims obsolete, even assuming they had any merits which they do not. There is no reason to believe that collectors will find the coins you like so compelling when they can choose from at least 250,000 coins and maybe 10,000 series.[/QUOTE]
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