There seems to be an endless supply of rather common coinage being made available to collectors these days. It appears to me that the feds are producing coinage with the collector in mind leading to many more issues available for collectors to hoard. Consequently the value of these coins will wane over time. Now I am not advocating that we collect solely for monitary gain but it would be nice to own something that's relatively rare as opposed to just another common issue in mint or proof condition. What are your thoughts on this?
loudano Oftimes the "common" in better grades (MS65 - MS70) command higher prices. Also certain errors, high relief, and mirror finish coins rise to respectable price levels. Low mintages in proof command nore. But, for sure, to complete a collection, one needs "common" coins as well as tough, scarce, and rare date coins. Clinker
That's my point. Today we have the "State Quarters" "Presidential Dollars" "Westward Journey Nickels" etc. Many more issues than previously minted. I believe these issues were made solely for the collectors to hoard and not to meet the monetary needs of the country. Therefore the mints are creating new demand for coins. seems backwards to me.
With the astronomical mintages we have with todays coins theres naturally more supply than demand. There may be hoarders gathering up all they can of any certain "made for circulation" coin thinking they may be worth something someday. We all know that they're having false hopes. Look at the Bicentennial Quarters of 1976. People hoarded those because they were a one year issue and thought they would be worth something. Thirty two years later they may be worth twice their face value in MS. You would have thought they only minted 20,000 from each mint the way the public went after them. There's hardly an overwelming demand for anything the mint is producing today. If mintages would be today like they were 70-80 years ago where it would actually be a challenge to find a 1999-D Lincoln cent or any coin it would certainly be a different story. Unfortunately, the lowest mintage coins any U.S. Mint produces are the silver and gold eagles and the slew of downright "lack of imagination" commemoratives our Mint produces. Well, thats my rant.
Except for the state quarters, my cutoff date for collecting purposes is 1964. And with the state quarters all I collect is UNCs, no super-UNCs. I don't see myself ever selling my collection, but I still want coins that have a reasonable chance of increasing in value.
common............ the mint may be trying to create a new demand but i think they will strike out with the prez bucks. the ikes, the sba's, the sacs, and now the prez bucks don't and won't circulate. the reason is the buck coins aren't used everyday like the nickel, dime and quarters are. it will stay that way until the paper buck disappears. people tend to notice the coins that they actually use which can and does create new collectors. jmo. steve
One of the KEYS to Coin collecting is collecting UNCOMMON coins. But there is nothing wrong with gathering up common coins as in some cases even those that are common, are not always so commen in high grades. So with that said. Collect what you want. But speaking for myself. I try to get high end common and rare ANYTHING. THE MINT,, bahumbug
Common issues...basicaly inexpensive. You folks probably didn't grow up in the sixties when I first started collecting coins. I would have loved for the mint to have created something more collectable than a mint set and a proof set. Most young people today have limited funds to get started in the hobby....buying from the mint allows them to begin a rather modest collection. In time, if they become serious collectors, they'll branch out into other areas. The whole point of this hobby (IMHO) is to have fun. As for aquiring something rare and valuable from the mint...it happens...but not so often. Wish I would have bought more than one 20th anniversary ASE set. Same with the gold....had a feeling that was going to be popular...just didn't have the gazzongas to plunck down a few grand and explain to the wife it's for investment purposes and don't worry, I'll make the money back and then some.
Same thing here! Bought one ASE anniversary set, but took me a few days to convince the wife about the AGE set. By that time, they were all sold out. So when the APE set came out I got the wife to agree immediately to letting me get one for an "investment". Too bad this set didn't see the financial numismatic growth that its silver and gold counterparts did. Maybe one day, once production has stopped on the APE, it will have a numismatic value instead of a bullion value.
