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<p>[QUOTE="cladking, post: 1661179, member: 68"]Each collectors has his own idea of what a coin should look like. If a coin was "marred" in some way from the ideal he was less likely to want it and if it exceeded this he was more likely to make the asking price. But collectors weren't so condition conscious. They were primarily concerned with the date and mint mark. Almost any coin would sell but an ugly Unc that might have also been a slider was more likely to end up with an unsophisticated collector and Gems were a little more likely to end up with a collector like Pittman. </p><p><br /></p><p>In 1964 collectors were setting aside tons of brand new coins and ungly worn out cull 1924-D cents from circulation. There were lots of varieties in circulation and every year the mints made lots of Gems and coins that would be very valuable now but nobody paid any attention to Gems and varieties. The market for bu rolls crashed in 1965 and collectors began concentrating on only old coins. </p><p><br /></p><p>Things come in and go out of style in all walks of life. Some of this is predictable and some isn't. Just because high gradesare in style now almost to the exclusion of all else doesn't mean this won't persist. I doubt collectors in the future will be quite so obsessed with only having the very finest except as part of a finest collection but the desire to have only high end coins of high grades regardless of what one collects is likely to go out of style eventually. </p><p><br /></p><p>Just as we found out people forgot quality (Gems) and scarcity (varieties) in the mad dash for quantity (and slightly better dates) in the 1960's we'll probably discover people lost sight of rarity (many moderns) in the mad dash for quality today. </p><p><br /></p><p>People tend to do the same things without even noticing it. We all buy high and sell low. Natural trends are exascerbated by the tendency of people to act in unison. We simply would rather be in good company than just about anything.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1661179, member: 68"]Each collectors has his own idea of what a coin should look like. If a coin was "marred" in some way from the ideal he was less likely to want it and if it exceeded this he was more likely to make the asking price. But collectors weren't so condition conscious. They were primarily concerned with the date and mint mark. Almost any coin would sell but an ugly Unc that might have also been a slider was more likely to end up with an unsophisticated collector and Gems were a little more likely to end up with a collector like Pittman. In 1964 collectors were setting aside tons of brand new coins and ungly worn out cull 1924-D cents from circulation. There were lots of varieties in circulation and every year the mints made lots of Gems and coins that would be very valuable now but nobody paid any attention to Gems and varieties. The market for bu rolls crashed in 1965 and collectors began concentrating on only old coins. Things come in and go out of style in all walks of life. Some of this is predictable and some isn't. Just because high gradesare in style now almost to the exclusion of all else doesn't mean this won't persist. I doubt collectors in the future will be quite so obsessed with only having the very finest except as part of a finest collection but the desire to have only high end coins of high grades regardless of what one collects is likely to go out of style eventually. Just as we found out people forgot quality (Gems) and scarcity (varieties) in the mad dash for quantity (and slightly better dates) in the 1960's we'll probably discover people lost sight of rarity (many moderns) in the mad dash for quality today. People tend to do the same things without even noticing it. We all buy high and sell low. Natural trends are exascerbated by the tendency of people to act in unison. We simply would rather be in good company than just about anything.[/QUOTE]
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