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An example of "grade-flation" lowering specific grade market values
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<p>[QUOTE="johnmilton, post: 3587615, member: 101855"]After you have been a collector for a while, you will get the lay of the land when it comes to modern coins. Today the U.S. Mint System is issuing so many products that it is hard and very expensive to keep up with them. Many of these products are "collector duds" and never take off. Others are popular for a while and then fade as time and the next cycle of new stuff comes to the market.</p><p><br /></p><p>I don't know if you have looked at a price catalog, but Proof sets that over 50 years sell for very modest prices. In many instances they sell for amounts that are at or below their issue prices, and that is nominal terms only. if you figure in the effects of inflation, they are WAY BELOW their issue prices.</p><p><br /></p><p>Why is that? The reason is that there is a core of collectors, like me, who buy one a year. Once those collectors have their set, they don't want any more, unless they are buying them for grandkids or something like that. The only new demand comes from new collectors, and we have been short on those, at least for Proof sets, over the years.</p><p><br /></p><p>As for the "W" quarters, they will get a space in albums and will be in demand to fill that spot. Some promoters will push the fact that the mint is "low" and say that they coins should be worth more and more in the future.</p><p><br /></p><p>"Low mintage" is a relaitive term. If you look at older coins from the 18th, 19th and early 20th centuries, the "W" quarter mintage is not that small. Add to that the fact that a lot of "W" quarters will be saved, and you start to see that they are not rare or scarce at all.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3587615, member: 101855"]After you have been a collector for a while, you will get the lay of the land when it comes to modern coins. Today the U.S. Mint System is issuing so many products that it is hard and very expensive to keep up with them. Many of these products are "collector duds" and never take off. Others are popular for a while and then fade as time and the next cycle of new stuff comes to the market. I don't know if you have looked at a price catalog, but Proof sets that over 50 years sell for very modest prices. In many instances they sell for amounts that are at or below their issue prices, and that is nominal terms only. if you figure in the effects of inflation, they are WAY BELOW their issue prices. Why is that? The reason is that there is a core of collectors, like me, who buy one a year. Once those collectors have their set, they don't want any more, unless they are buying them for grandkids or something like that. The only new demand comes from new collectors, and we have been short on those, at least for Proof sets, over the years. As for the "W" quarters, they will get a space in albums and will be in demand to fill that spot. Some promoters will push the fact that the mint is "low" and say that they coins should be worth more and more in the future. "Low mintage" is a relaitive term. If you look at older coins from the 18th, 19th and early 20th centuries, the "W" quarter mintage is not that small. Add to that the fact that a lot of "W" quarters will be saved, and you start to see that they are not rare or scarce at all.[/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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