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An Interesting Take on MS-70 graded Moderns
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<p>[QUOTE="cladking, post: 3175025, member: 68"]Hundreds of billions of moderns survive. Yes, they are very common.</p><p><br /></p><p>But billions of classics survive too. </p><p><br /></p><p>These facts are simply irrelevant to collectors attempting to build sets. Obviously if a collector chooses he can complete sets of common coins in low grades and there's nothing wrong with this.</p><p><br /></p><p>The biggest difference to the collector of modern coins is that MS-60 is pretty low grade for "non"-variety moderns. Such sets can be assembled extremely cheaply because the coins are "common". There's nothing wrong with an MS-60 set or an AU55 set of clad quarters. Indeed, one of my proudest possessions is a set of XF+ and better coins I've found in circulation since 1996. It's virually "worthless" but it would be almost impossible to duplicate because the coins are "rare" now. You simply aren't going to find a well made '92-D in AU58 any longer. It's worth quarter on the market and is priceless to me. </p><p><br /></p><p>Most modern collectors can easily afford an MS-60 set but then MS-60 clads tend to be quite ugly. Moderns weren't made to the standards of classics. Dies were overused, badly hubbed, poorly aligned, and struck with too low force. Minting quarters in 1965 was about extending die life not making good looking coins. </p><p><br /></p><p>To get nice looking coins it requires active searching or you have to buy graded coins. Not even all MS-64's are attractive. If you like nice solid strikes from good dies then not even all MS-65's are attractive. </p><p><br /></p><p>Calling an attractive 1982-P common in any grade above VF is missing the mark. Indeed, now days the old coins in circulation tend to be pretty beaten up by counting machines so an attractive '82-P in any grade at all will prove a little tough. </p><p><br /></p><p>It certainly isn't hard to find a nice attractive VG 1907 indian cent though. So why don't people warn indian cent collectors that the coins are risky business and are prepared for a fall since more and more will be graded</p><p><br /></p><p>I understand why people are concerned about the market viability of moderns and why so many people hate them. I'd just prefer they keep their statements accurate while damning them.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3175025, member: 68"]Hundreds of billions of moderns survive. Yes, they are very common. But billions of classics survive too. These facts are simply irrelevant to collectors attempting to build sets. Obviously if a collector chooses he can complete sets of common coins in low grades and there's nothing wrong with this. The biggest difference to the collector of modern coins is that MS-60 is pretty low grade for "non"-variety moderns. Such sets can be assembled extremely cheaply because the coins are "common". There's nothing wrong with an MS-60 set or an AU55 set of clad quarters. Indeed, one of my proudest possessions is a set of XF+ and better coins I've found in circulation since 1996. It's virually "worthless" but it would be almost impossible to duplicate because the coins are "rare" now. You simply aren't going to find a well made '92-D in AU58 any longer. It's worth quarter on the market and is priceless to me. Most modern collectors can easily afford an MS-60 set but then MS-60 clads tend to be quite ugly. Moderns weren't made to the standards of classics. Dies were overused, badly hubbed, poorly aligned, and struck with too low force. Minting quarters in 1965 was about extending die life not making good looking coins. To get nice looking coins it requires active searching or you have to buy graded coins. Not even all MS-64's are attractive. If you like nice solid strikes from good dies then not even all MS-65's are attractive. Calling an attractive 1982-P common in any grade above VF is missing the mark. Indeed, now days the old coins in circulation tend to be pretty beaten up by counting machines so an attractive '82-P in any grade at all will prove a little tough. It certainly isn't hard to find a nice attractive VG 1907 indian cent though. So why don't people warn indian cent collectors that the coins are risky business and are prepared for a fall since more and more will be graded I understand why people are concerned about the market viability of moderns and why so many people hate them. I'd just prefer they keep their statements accurate while damning them.[/QUOTE]
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