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An Interesting Take on MS-70 graded Moderns
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<p>[QUOTE="cladking, post: 3175446, member: 68"]You're tarring all moderns with the claim that they are common. They made over 5 million 1827 half dollars. Large numbers sat in vaults for many decades as backing for paper currency. Nobody knows how many are still out there or whether an entire bag of MS-65's will come out tomorrow. One could make an argument that these aren't even real coins and much more served the purpose of bullion. There are thousands of 1827 halfs on the market that have been repaired or otherwise played with to get a higher grade or improve their appearance. </p><p><br /></p><p>One can come up with plenty of perfectly legitimate reasons to dump on 1827 half dollars or the counterfeit 1804 dollars and the risk of investing in them but this NEVER happens. It doesn't happen because everyone loves bust coins but nobody loves clad. </p><p><br /></p><p>EVERY coin has strengths and weaknesses in collectability and "investment" potential. But instead of talking about how MS-69 moderns which are virtually perfect being the norm we're instead treated to an endless chorus of how MS-70 must be a rotten deal. Instead of telling newer collectors to use discretion and to learn their markets and their coins they are instead told "all moderns are common" and you're gonna lose your shirt. They are told that common coins are uncollectable and real men, real numismatists, collect old coins which are(apparently) all rare. </p><p><br /></p><p>I never saw a VG indian cent collection missing only the 1907. Imagine finding this coin to common to collect and leaving the space empty! How many bust half collections miss only the 1827?[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3175446, member: 68"]You're tarring all moderns with the claim that they are common. They made over 5 million 1827 half dollars. Large numbers sat in vaults for many decades as backing for paper currency. Nobody knows how many are still out there or whether an entire bag of MS-65's will come out tomorrow. One could make an argument that these aren't even real coins and much more served the purpose of bullion. There are thousands of 1827 halfs on the market that have been repaired or otherwise played with to get a higher grade or improve their appearance. One can come up with plenty of perfectly legitimate reasons to dump on 1827 half dollars or the counterfeit 1804 dollars and the risk of investing in them but this NEVER happens. It doesn't happen because everyone loves bust coins but nobody loves clad. EVERY coin has strengths and weaknesses in collectability and "investment" potential. But instead of talking about how MS-69 moderns which are virtually perfect being the norm we're instead treated to an endless chorus of how MS-70 must be a rotten deal. Instead of telling newer collectors to use discretion and to learn their markets and their coins they are instead told "all moderns are common" and you're gonna lose your shirt. They are told that common coins are uncollectable and real men, real numismatists, collect old coins which are(apparently) all rare. I never saw a VG indian cent collection missing only the 1907. Imagine finding this coin to common to collect and leaving the space empty! How many bust half collections miss only the 1827?[/QUOTE]
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An Interesting Take on MS-70 graded Moderns
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