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An Interesting Take on MS-70 graded Moderns
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<p>[QUOTE="cladking, post: 3176048, member: 68"]I know I can't make everyone (or anyone) a lover of moderns and that's never my point. Nor is my point to chastise anyone who doesn't like them. I'm a strong believe in "live and let live". </p><p><br /></p><p>But I dislike the article that prompted this thread because it is highly misleading and new collectors of both "moderns" and MS-70's" might be led to believe that there is something inherently wrong with collecting their favorite series. If the author had merely confined himself to MS-70 and made specific warnings then I'd probably have had nothing to say and if I did it would have sounded much less like criticism and much more like a countering of those specific points. </p><p><br /></p><p>I don't know the author and don't know that he would intentionally trash the coins I collect or not and really it doesn't matter. I would be interested in discussing any point he might make against moderns. Obviously there are strengths and weaknesses of any coin from a collecting or "investing" perspective. I simply believe moderns are a fun and uncharted area to collect and because they are "uncharted" there is probably a great deal more room for SOME of them to increase in price. Nobody should buy any coin for investment because they are too risky. Collectables are too risky because no one can predict the future of demand. It's difficult to even gauge supply in most moderns because they are mostly uncharted. </p><p><br /></p><p>I certainly agree whole heartedly with you and have been setting what I believe are rare coins aside for many years. I used to believe in investing in coins before the market proved me right but way too late. I still save a few coins for the future but my safety deposit boxes are full and I'm saving them much more for collectors than for profit.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3176048, member: 68"]I know I can't make everyone (or anyone) a lover of moderns and that's never my point. Nor is my point to chastise anyone who doesn't like them. I'm a strong believe in "live and let live". But I dislike the article that prompted this thread because it is highly misleading and new collectors of both "moderns" and MS-70's" might be led to believe that there is something inherently wrong with collecting their favorite series. If the author had merely confined himself to MS-70 and made specific warnings then I'd probably have had nothing to say and if I did it would have sounded much less like criticism and much more like a countering of those specific points. I don't know the author and don't know that he would intentionally trash the coins I collect or not and really it doesn't matter. I would be interested in discussing any point he might make against moderns. Obviously there are strengths and weaknesses of any coin from a collecting or "investing" perspective. I simply believe moderns are a fun and uncharted area to collect and because they are "uncharted" there is probably a great deal more room for SOME of them to increase in price. Nobody should buy any coin for investment because they are too risky. Collectables are too risky because no one can predict the future of demand. It's difficult to even gauge supply in most moderns because they are mostly uncharted. I certainly agree whole heartedly with you and have been setting what I believe are rare coins aside for many years. I used to believe in investing in coins before the market proved me right but way too late. I still save a few coins for the future but my safety deposit boxes are full and I'm saving them much more for collectors than for profit.[/QUOTE]
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