Message:

<p>[QUOTE=&quot;cladking, post: 3173039, member: 68&quot;]Again, this goes to the heart of the word &quot;modern&quot;. </p><p><br /></p><p>Just because a coin was made after 1965 does not mean that it is collected only in MS-70 or MS-69.&nbsp; It doesn&#039;t mean it is common in high grade. Many moderns don&#039;t even exist in UNC far less in Gem.&nbsp; Many moderns that are exceedingly common in F are very scarce or unknown in true Gem.&nbsp;&nbsp; No modern made for circulation exists in MS-70.&nbsp; Sure the pops can go up but far far far more moderns are being lost everyday than classics.&nbsp; This is an obvious fact.&nbsp; Very few &#039;09-S VDB cents are lost or degraded every year but countless billions of almost every modern is being lost, destroyed, degraded, or otherwise removed from the total pops or from existence. </p><p><br /></p><p>I strongly agree that paying large premiums for &quot;invisible&quot; quality is a poor idea.&nbsp; But if a collector can see the difference between a 69 and a 70 who am I to tell him he shouldn&#039;t collect it or he is certain to lose money.&nbsp; Fancy slabs and the like are more likely bad deals but again, what&#039;s wrong with collecting rare slabs with coins in them.&nbsp; Here I would warn that the risk is high but who can predict what future demand might arise. </p><p><br /></p><p>Let people collect what they choose.&nbsp; Yes, a friendly warning is not necessarily inappropriate but these warnings should be specific. Saying most 1982-S quarters exist in a very narrow range between PR-68 and PR-70 so paying significant premiums for higher grades is highly risky but saying &quot;modern pops can only increase&quot; is simply wrong and misleading.&nbsp; Try finding a solidly struck 1982-P quarter!!! This date might not even exist in true MS-65 and telling people moderns are a money trap is just as bad as the publishers who treat this as a common coin in their price guides.&nbsp;&nbsp; Even PCGS which grades many inferior specimens of this date in MS-66 and MS-67 lists the MS-65 as being worth less than the wholesale price of a BU roll for the date!!!</p><p><br /></p><p>It is all these baseless warnings and baseless pricing that is keeping the rarity of many moderns from being widely known. </p><p><br /></p><p>But they are starting to be collected by the grass roots.&nbsp; People are buying the coins and wholesale pricing is increasing.&nbsp; The hobby might not wake up to this until it is almost over but&nbsp; it is happening despite the warnings and the bashing.&nbsp; It is happening despite the desires of most in the hobby.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in