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Do high grade Ike dollars have long term potential?
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<p>[QUOTE="cladking, post: 1886675, member: 68"]Current coin collectors seem to be doing everything in their power to drive new collectors out of the hobby. No, nothing in this thread is over the top but it's a recurring theme everywhere all the time; modern coins are ugly base metal junk and common in all grades. Children and new collectors are told to stay away from all this garbage or they'll be burned. This is great for the stamp hobby and other things to which they are driven but it just might kill numismatics. </p><p> </p><p>We added almost no collectors between 1965 and 1998 and now we're driving away the new ones. </p><p> </p><p>People shouldn't collect Ikes anymore than they should collect Morgan dollars. Collectors should collect what they like and not have to hear people belittle their choices or question the wisdom. </p><p> </p><p>The fact that something as rare as an MS-65 Ike can sell for $10 bodes very ill for the future. Moderns just might plummet from almost nothing to nothing. But what's that condition rare Morgan going to be worth after the last newbie is driven out of the hobby? A rare MS-66 Morgan is far more common than a rare MS-66 Ike and has far far farther to fall. </p><p> </p><p>Is this really what everyone wants? Do we hate moderns so much that we are willing to destroy a hobby to suppress them? </p><p> </p><p>This just breaks my heart but on the bright side newbies in twenty years might be able to find early mint marked buffalos in high grade in pocket change again.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1886675, member: 68"]Current coin collectors seem to be doing everything in their power to drive new collectors out of the hobby. No, nothing in this thread is over the top but it's a recurring theme everywhere all the time; modern coins are ugly base metal junk and common in all grades. Children and new collectors are told to stay away from all this garbage or they'll be burned. This is great for the stamp hobby and other things to which they are driven but it just might kill numismatics. We added almost no collectors between 1965 and 1998 and now we're driving away the new ones. People shouldn't collect Ikes anymore than they should collect Morgan dollars. Collectors should collect what they like and not have to hear people belittle their choices or question the wisdom. The fact that something as rare as an MS-65 Ike can sell for $10 bodes very ill for the future. Moderns just might plummet from almost nothing to nothing. But what's that condition rare Morgan going to be worth after the last newbie is driven out of the hobby? A rare MS-66 Morgan is far more common than a rare MS-66 Ike and has far far farther to fall. Is this really what everyone wants? Do we hate moderns so much that we are willing to destroy a hobby to suppress them? This just breaks my heart but on the bright side newbies in twenty years might be able to find early mint marked buffalos in high grade in pocket change again.[/QUOTE]
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Do high grade Ike dollars have long term potential?
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